Fuel Fix

Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.
(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

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The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”

South Carolina would be among the states to reap benefits from offshore drilling, but some officials argue fishing and tourism could be threatened. Pictured, North Myrtle Beach, South Carolina. (Photo by Loren Steffy)

Study: East Coast states could cash in on offshore drilling

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North Carolina, South Carolina and Virginia could rake in billions if the Interior Department opens up auctions on leases along the Atlantic Coast, according to the study.
ConeMidstrem Partners

Cone Midstream Partners launches IPO

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Cone Midstream Partners L.P., a master limited partnership formed by Consol Energy and Noble Energy, announced Wednesday it will offer 17.5 million common units for sale to the public.

(Billy Smith II/Houston Chronicle)

Enbridge to shift $900 million pipeline segment to Houston affiliate

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Enbridge Inc. has announced a $900 million deal shifting its 66.7 percent interest in the U.S. segment of the Alberta Clipper Pipeline to its Houston-based affiliate, Enbridge Energy Partners L.P.
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Canadian bank takings bid on Apache assets in Alberta

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The Bank of Nova Scotia is taking bids for Apache Corp. assets in Alberta, according to marketing materials on its website, in what could signal the latest divestment effort by the Houston-based exploration and production company.
Categories: Canada, Deals, General
The Nissan LEAF Electric Car on display at the Houston Auto Show on Jan. 21, 2014. The Nissan LEAF gets the equivalent of about 129 miles per gallon in the city. (Marie D. De Jesus/Houston Chronicle)

Electric vehicles are getting cleaner, group says

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Most Americans now live in regions where electric vehicles produce fewer greenhouse gas emissions than the most efficient hybrid cars, according to a new analysis.
NRG Energy says a proposal for a new transmission line into the Houston area is based on flawed data.  (AP Photo/Mark Duncan, File)

Proposed transmission line puts corporate powerhouses at odds

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The Public Utility Commission of Texas will decide whether CenterPoint Energy can build a new transmission line that two Houston generating companies oppose.
(LEON NEAL/AFP/Getty Images)

Libya halts biggest oilfield amid rebel attacks

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The disruption “serves as a reminder that despite recovering export rates and the National Oil Corp.’s reassurances of stable supplies, the country remains in a state of civil war, where anything can happen,” Andrey Kryuchenkov, an analyst at VTB Capital in London, said.