Fuel Fix

(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

on
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

on
(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

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

Exxon Mobil's Beaumont refinery (Jake Daniels/The Enterprise)

Exxon to boost Beaumont refinery output by 20,000 barrels

on
Exxon Mobil said the addition of another 20,000 barrels per day of capacity would be geared toward processing the types of lighter crude oils that are flowing from Texas’ and North Dakota’s shale wells.
Categories: Chemicals, Refining
Workers install equipment at a natural gas plant in the Mont Belvieu, Texas complex, May 1, 2007. (Brett Coomer/Chronicle)

Targa Resources profit falls more than half

on
Distributable cash flow grew to $218.4 million on the quarter compared to $177.6 million in the second quarter 2014.
(AP Photo/Dado Galdieri, File)

Venezuela’s giant lake of endless oil is a filthy, lawless mess

on
For nearly a century, the petroleum deposits beneath giant Lake Maracaibo served as a cash cow for successive Venezuelan governments. In return, it has received little back but neglect.
gettyimages-475619558-1

PetroChina wins dismissal of securities lawsuit in U.S.

on
U.S. District Judge Edgardo Ramos in Manhattan dismissed the case, agreeing with China’s largest oil and gas producer that the investors failed to make a plausible argument that PetroChina’s annual reports contained statements that were false or misleading at the time they were made.
Categories: Asia, Legal issues
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

MRC Global cuts more jobs as profits dip

on
MRC Global said Monday it has now cut 680 jobs total dating back to last year as the oil-field pipes, valves and fitting supplier has adapted to the low oil price environment.
(Daniel Acker/Bloomberg)

NextEra Agrees to Buy Texas Gas Pipelines for $2.1 Billion

on
By buying closely held NET Midstream, NextEra Energy Partners will gain the ability to ship 3 billion cubic feet of Texas shale gas a day, with the potential to expand that by 1 billion cubic feet, the company said in a statement Monday.
Categories: Deals, Pipelines
US President Barack Obama delivers remarks at a Clean Power Plan event at the White House in Washington, DC, August 3, 2015. (JIM WATSON/AFP/Getty Images)

Obama touts Clean Power Plan; opponents ready their lawsuits

on
President Barack Obama said the unprecedented carbon dioxide limits are the “the single most important step” America has ever taken to fight climate change.