Fuel Fix

(AP Photo/Franklin Reyes)

Oil rebounds from five-year low as Saudi comments add volatility

West Texas Intermediate, the U.S. grade, climbed as much as 2.6 percent in New York and Brent 2.2 percent in London.  More »
(Paul White/(AP photo)

The calm before an M&A storm

Upstream oil and gas companies are waiting out volatility in the commodities markets right now, but many are expected be on the hunt for acquisitions after the dust in the crude market settles, according to an analysis by energy consulting firm Wood Mackenzie.  More »
An Enterprise fractionator at its Mont Belvieu complex. (Enterprise Products Partners photo)

Enterprise Products gets new general counsel

The Houston-based midstream company’s general counsel and corporate secretary, Stephanie Hildebrandt, is leaving to join Norton Rose Fulbright, while Craig Murray, a Vinson & Elkins corporate partner in Houston, has been hired to replace her.  More »

(Nick De La Torre / Houston Chronicle)

Cheniere lands 20-year natural gas deal in Portugal

The natural gas boom in the U.S. has led to a rush by major producers to put into place the infrastructure to ship overseas.  More »
Prime Minister Vladimir Putin of Russia visits an oil rig in the Caspian Sea operated by Lukoil, April 28, 2010. (Alexei Druzhinin/Pool via The New York Times)

Putin says Russian economy must brace for $40-a-barrel oil

The Russian central bank published a worst-case economic scenario Dec. 15 that envisioned oil prices averaging $60 a barrel until the end of 2017.  More »
(Johnny Hanson/Chronicle)

Exxon Mobil shows why U.S. oil output rises as prices plunge

Oil companies, while trimming 2015 budgets to cope with the lowest crude prices in five years, are also shifting their focus to their most-prolific, lowest-cost fields.  More »
Oil field workers drill into the Gypsum Hills near Medicine Lodge, Kan., in 2012. (AP Photo/Orlin Wagner, File)

Oil-price drop rattles smaller operators in Kansas

Plunging crude prices are hitting oil producers especially hard in places like Kansas, where the industry is dominated by smaller, independent operators who depend more heavily on the cash flow from producing wells to pay for drilling new ones.  More »
(SAMAD/AFP/Getty Images)

Oil drops to 5-year low on concern supply glut to worsen

Saudi Arabia, the largest producer in OPEC, will stick to its policy to maintain output, Oil Minister Ali Al-Naimi said.  More »
Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi speaks to journalists at OPEC's meeting in Vienna. (AP Photo/Ronald Zak)

Saudi Arabia says OPEC won’t give up oil-market share

Global oil markets are experiencing “temporary” instability caused mainly by a slowdown in the world economy, Oil Minister Ali Al-Naimi said.  More »
New York Gov. Andrew Cuomo (AP Photo/Mike Groll)

Cuomo gets kudos, scorn for New York fracking ban

Residents statewide remain almost evenly split on the issue, and the divisions are clear, pollsters said Thursday.  More »
(AP file photo)

Nature defends natural gas story over EIA objections

A Nature article from early December questioning how long the North American natural gas boom could really last earned stinging letters this week from the EIA and University of Texas researchers.  More »
Gas Town Revolt

Texas lawmaker seeks to protect urban drilling

State Rep. Phil King filed a pair of bills this week, cities seeking to ban fracking would need to gain approval from the state attorney general, pay the state to study the financial impact and reimburse the state for any lost tax revenue.  More »
Halliburton CEO Dave Lesar (Melissa Phillip/Chronicle)

Halliburton CEO: Weak market will spur more job cuts

Dave Lesar’s statement comes a week after Halliburton said it would immediately laying off 1,000 employees across multiple regions in the Eastern Hemisphere.  More »
Abigail Hopper

Ocean energy bureau gets new director

Abigail Hopper, a Maryland energy regulator and veteran of fights over offshore wind farms, will be the top federal official in charge of oil and gas drilling along the nation’s coastlines.  More »
EPA Administrator Gina McCarthy testifies before the House Subcommittee on Energy and Power on Capitol Hill, in Washington.  (AP Photo/Cliff Owen)

Feds delay decision on methane mandates

The Environmental Protection Agency is waiting to make a decision on whether — and how — to boost regulation of methane emissions from the oil and gas sector until the new year.  More »
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