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.

Oklahoma Gov. Mary Fallin gestures as she talks with the media after meeting with members of the Coordinating Council on Seismic Activity, in Oklahoma City, Tuesday, Aug. 4, 2015. (AP Photo/Sue Ogrocki)

Panel says ending Oklahoma earthquakes will take research, time

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Gov. Mary Fallin urged homeowners concerned about the safety of their homes to purchase private earthquake insurance.
An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)

Pioneer to bring drilling back to pre-downturn levels

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Pioneer Natural Resources said late Tuesday it lost $218 million in the second quarter but still expects its crude production to increase 10 percent this year.
A worker removes oil from sand at Refugio State Beach, north of Goleta, Calif. An underground pipe, owned by Plains All American Pipeline, spewed oil down a culvert and into the Pacific on May 19, 2015 before it was shut off. Democratic U.S. Sens. Barbara Boxer and Dianne Feinstein say the response to the oil spill that blackened beaches and created a 10-square-mile slick on the ocean was "insufficient." and called on federal regulators to provide more details on the activities and decisions by Plains. (AP Photo/Jae C. Hong, File)

Plains All American profit down by more than half

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The Houston-based company reported $124 million in profit this year compared to $287 million in the 2014 quarter, as revenues fell to $6.66 billion from $11.20 billion over the same period.
Categories: Pipelines
Sean Bailey, design and drafting manager with Nabors Drilling International's, shows the new mud pits of newly assembled Rig 702 on June 29, 2011, in Houston. The rig is headed to Papua New Guinea. ( Nick de la Torre / Houston Chronicle )

Nabors posts $37 million loss as rig demand declines

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Nabors CEO Anthony Petrello said the current third quarter will likely bring another decline in earnings, but it might also mark the bottom of the market in regions outside of the United States.
A spinoff of National Oilwell Varco announced plans to buy a company that supplies the energy industry with pipes, valves and fittings.

NOV spinoff buys up North Dakota pipe, valve company

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The acquisition expands NOW’s footprint in those two key sectors which have weathered the recent oil slump better than their exploration and production counterparts in the upstream sector.
Categories: Oil field services
NRG Energy Inc. Vice President Nuclear Oversight, James von Suskil speaks during a scheduled refueling outage on Unit 2 at the South Texas Project nuclear power facility Thursday, April 2, 2015, in Wadsworth.
( James Nielsen / Houston Chronicle )

NRG stock drops sharply after earnings loss

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NRG’s stock briefly dipped below $20 a share Tuesday for the first time since 2012 but jumped back up in the afternoon.
Workers at the Weatherford rod-pump manufacturing plant prepare to move parts into the plant Thursday, June 26, 2014, in Katy. (Brett Coomer/Houston Chronicle)

Oil and gas equipment makers had a better June, but business is still down 40 percent

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Oil prices that had stabilized in May and June had oil field services firms hopeful that $60 crude would mean increased capital spending from producers.