Fuel Fix

(AP Photo/Richard Drew)

Baker Hughes to lay off 7,000 after record-breaking quarter

The oil services company reported that net income in its final quarter rose to a record high of $629 million.  More »
Sen. John Thune, R-S.D., left, and Senate Minority Whip John Cornyn of Texas, right, listen as Senate Minority Leader Mitch McConnell of Ky., center, speaks during a news conference on Capitol Hill in Washington, Tuesday, Nov. 18, 2014. (AP Photo/Carolyn Kaster)

Senate tees up votes on Keystone XL, exports, climate

The chamber is expected to vote on as many as three amendments to GOP-backed legislation to authorize the TransCanada Corp. pipeline on Tuesday, with more than four dozen other possibilities on the horizon.  More »
(Image: Fotolia)

Canadian drilling services firm files bankruptcy

A Canadian company that expanded into South Texas in 2012 with a pioneering waterless technique to fracture shale rock has filed for bankruptcy protection as it seeks to reorganize.  More »
(Kin Man Hui/San Antonio Express-News)

Measure would void new North Dakota flaring, oil rules

In December, the commission required oil companies that ship millions of gallons of crude a week by rail to reduce the oil’s volatility by removing certain liquids and gases before it’s loaded onto train cars.  More »
(Photographer: Daniel Acker/Bloomberg)

Commentary: How to survive a bust

Some recession lessons for workers worried about being on the wrong side of the latest oil bust.  More »
(Photographer: Eddie Seal, Bloomberg)

More Texas drillers slashing spending

Several Permian Basin drillers have said that they’re planning smaller budgets for 2015.  More »
(AP Photo/Vahid Salemi, File)

Iran sees ‘no threat’ from $25 oil

OPEC has made no decision to reduce its production ceiling despite a worldwide supply glut that’s driving down prices.  More »
(Alexander Zemlianichenko Jr./Bloomberg)

Exxon begins production from Russian field

The entire project has a total daily production of more than 200,000 barrels.  More »
(AP Photo/Gerald Herbert, File)

Anadarko oil spill fines cut by $1.1 billion after ruling

The Woodlands-based oil company had owned 25 percent of the doomed Macondo well and is on the hook for up to $1,100 in fines for every barrel that reached the Gulf of Mexico in 2010.  More »
Anadarko Petroleum Corp. said it pumped its first barrels of oil Friday from its Lucius project in the Gulf of Mexico, pictured here.

Anadarko pumps first oil at Lucius field in the Gulf

Anadarko Petroleum Corp. has harvested the first barrels of petroleum at its Lucius project in the Gulf of Mexico, one of the biggest startups expected in the U.S. offshore region this year.  More »
(AP photo/Brennan Linsley)

Kansas official links earthquakes to disposal of waste water

The state recorded more than 120 earthquakes last year, up from zero in 2012.  More »
Dynegy CEO Robert Flexon is at the company's commercial desk. (Photo/James Nielsen)

Dynegy says mega-deals won’t close in first quarter

Dynegy doesn’t expect to close the pair of mega-deals it announced in August until some time after the first quarter of this year, the Houston-based power generator said Monday.  More »
(AFP PHOTO/US COAST GUARD/AFP/Getty Images)

U.S. judge: BP’s lies about flow rate didn’t hinder Gulf oil spill response

“There is no dispute that BP lied,” about how much oil flowed from the Macondo well during the 2010 Gulf of Mexico oil spill, U.S. District Judge Carl Barbier said, but that didn’t factor in to the effort to stop the blowout.  More »
(AP Photo/Julie Jacobson)

Pipeline breach spills oil into Yellowstone River

Bridger Pipeline Co. said in the statement that it shut down the 12-inch-wide pipeline shortly before 11 a.m. Saturday.  More »
(AP Photo/ Nabil al-Jurani, File)

Iraq pumps crude at record level amid plummeting prices

The Middle East nation, holder of the world’s fifth-largest crude reserves, is rebuilding its energy industry after decades of wars and economic sanctions.  More »
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