Fuel Fix

(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

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The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.

Getting a glimpse of Exxon Mobil’s new campus

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(Jordan Blum/Houston Chronicle)
The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil industry needs half a trillion dollars to endure price slump

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If oil stays at about $40 a barrel, the shakeout could be profound.

Warren Buffett -- chairman, president & CEO of Berkshire Hathaway -- gestures during a 2013  interview.  (AP Photo/Nati Harnik, File)

Buffett to acquire engineering giant in $37.2 billion deal

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The target company uses advanced engineering technology to make metal industrial components for jet engines and power plants as well as pipes for the oil and gas industry.
Categories: Deals, featured
(Spencer Platt/Getty Images)

Oil to see only slight recovery in 2016, Moody’s says.

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The credit ratings and market analysis group said it had cut its U.S. oil price forecast to $50 per barrel in 2015 and to $52 per barrel in 2016.
Categories: Crude oil
Shoreline Cleanup Assessment Technique team members, left, evaluate oil coverage as a hand crew worker scraps areas affected by an oil spill at Refugio State Beach, north of Goleta, Calif., on Wednesday, June 10, 2015.  (AP Photo/Damian Dovarganes)

Justice Department probes Plains pipeline spill

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Plains disclosed the ongoing probes and the possibility of civil and criminal charges tied to the incident in an earnings filing this week.
An oil well owned an operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas. (Photo by Spencer Platt/Getty Images)

U.S. crude closes at second lowest price of 2015

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The last time crude fell this low was March 17, when it hit $43.36 per barrel, the price since the beginning oil’s slide all the way back in June 2014.
Categories: Crude oil
EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

EOG Resources CEO: Expect US production declines in 2nd half

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EOG Resources is making higher rates of return on cheap oil in some areas but it isn’t ready to turn on the taps again because it expects oil prices to recover in coming months, CEO Bill Thomas told analysts Friday.
(Photographer: Daniel Acker/Bloomberg)

Midstream transactions drove oil and gas deals in the second quarter

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During the second quarter, analysts at PwC tracked 47, $50 million-or-larger oil and gas deals, totaling $38.8 billion.
Categories: Deals, Pipelines
The 29-week plunge in the oil rig count takes a break

U.S. rig count grows again despite the price of oil still dropping

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The U.S. oil rig count increased by six this week, largely buoyed by more rigs added in Texas’ Permian Basin, according to according to Baker Hughes, which tracked 29 weeks of decline in the count until July 2, when oil companies began sending rigs back to oil fields in Texas and elsewhere.