Fuel Fix

(Photographer: Daniel Acker/Bloomberg)

Enterprise Products profit slips slightly

Enterprise Products Partners L.P. said fourth-quarter net income fell slightly in 2014 compared to the same period last year.  More »
Ryan Lance, chairman and CEO of ConocoPhillips ( Marie D. De Jesús / Houston Chronicle )

ConocoPhillips cuts spending again, reports earnings loss

The company will defer drilling and exploration plans in the U.S. and major project spending in general. It still expects to grow production by 2-3 percent, excluding Libya.  More »
(AP Photo/Lisa Poole, File)

Phillips 66 earnings up 39 percent

The company’s profits in its marketing and specialties division soared, rising from $105 million in the fourth quarter of 2013 to $367 million a year later.  More »
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Spectators look at a Cameron Evo 20K BOP, a blowout preventer, at Cameron's booth at the Offshore Technology Conference at Reliant Center Monday, May 6, 2013, in Houston. (Cody Duty / Houston Chronicle)

Cameron profits rise as orders, backlog decline

Oil equipment maker Cameron International saw profits rise 15 percent in the fourth quarter on higher sales from its drilling and surface businesses, it reported Thursday.  More »
Photographer: Andrey Rudakov/Bloomberg

Shell cuts $15 billion of spending as profit misses expectations

Shell shares dropped as much as 4.4 percent in London and traded at 2,067 pence at 10:17 a.m.  More »
(AP file photo/Reed Saxon)

Occidental loses $3.4 billion on asset impairments

The company has cut its 2015 annual capital budget to $5.8 billion, down 33 percent from last year, as oil prices have been cut in half since June.  More »
In an effort to show support for ongoing labor negotiations, about 150 employees of Lyondellbasell Refinery in Houston fanned out in front of the plant late Wednesday afternoon. (Photo: Thomas B. Shea/For the Chronicle)

Union workers press their case for contract demands at Lyondell refinery

Current contracts expire at 12:01 a.m. on Feb. 1. for most of the 30,000 oil workers – including 5,000 in Houston – covered by the labor agreements. The United Steelworkers represent about 475 workers at the LyondellBasell Refinery.  More »
Sen. James Inhofe, R-Okla., is surrounded by reporters at the Capitol in Washington, Wednesday, Jan. 7, 2015. Following the success of the GOP in the midterm elections, the 80-year-old Republican from the oil-producing state of Oklahoma is the new chairman of the Senate Environment and Public Works Committee. (AP Photo/J. Scott Applewhite)

Senate votes on fracking & endangered species pave way for Keystone XL passage

The Senate rejected proposals involving liquefied natural gas exports, endangered species protections for the lesser prairie-chicken and hydraulic fracturing.  More »
Rich Kinder, left, chairman and CEO of Kinder Morgan. (Melissa Phillip / Houston Chronicle )

Kinder Morgan charts course for growth, despite headwinds

Energy giant Kinder Morgan said it would reach its goals by expanding its myriad businesses and continuing to bet on natural gas, which it expects to continue to drive demand for pipelines and other transportation services.  More »
Seattle Seahawks' Doug Baldwin cheers from the podium after the team beat the Green Bay Packers to win the NFL football NFC Championship game Sunday, Jan. 18, 2015, in Seattle. The Seahawks won 28-22 to advance to Super Bowl XLIX. (AP Photo/Elaine Thompson)

Oil lobbying group buys Super Bowl ad

The ad was the single most expensive television spot of API’s recent campaign promoting the Keystone XL pipeline and other industry priorities  More »
(AP Photo/Matthew Brown)

Oil falls after U.S. crude stockpiles surge to weekly record

Crude supplies rose 8.87 million barrels to 406.7 million, the most in records compiled since August 1982 by the Energy Information Administration.  More »
In this photo taken Jan. 12,  crews dig up land at a saltwater spill site near Blacktail Creek outside Williston, N.D. A North Dakota health official called the 70,000 barrel spill the state's largest during the state's current oil boom. (AP Photo/Williston Herald, Zack Nelson)

Pipeline not state-inspected before saltwater leak

An official says it’s too early to tell whether the largest saltwater spill in recent state history could’ve been prevented with inspection because the cause remains unclear.  More »
(BRENDAN SMIALOWSKI/AFP/Getty Images)

House votes to speed up LNG exports

The House-passed bill would give the Energy Department a 30-day deadline to decide whether to grant licenses to broadly export liquefied natural gas, even as the Senate rejected a more aggressive proposal.  More »
(Jason Alden/Bloomberg)

BP cuts jobs in Houston as it trims Gulf of Mexico business

Late last year, BP said it would incur restructuring charges of $1 billion in the fourth quarter of 2014 through the end of 2015.  More »
(AP PhotoKevin Cederstrom)

Hamm: Oil prices could rise sooner than you think

The market doesn’t understand just how quickly oil companies will scale back their activities as oil prices plunge — and as a result, prices could rebound faster than many observers expect, Continental Resources CEO Harold Hamm said Wednesday.  More »