Fuel Fix

(Nick de la Torre/Houston Chronicle)

CERAWeek: Refiners remain competitive even if crude export ban lifted

Refiners have benefitted from the crude collapse by buying up cheap oil and transforming it into higher-priced gasoline, diesel and other refined products, an executive with the world’s largest independent refinery said Monday.  More »
Maria de Lourdes Melgar Palacios, Mexico's undersecretary of hydrocarbons in the Ministry of Energy. (Emily Pickrell/Houston Chronicle)

CERAWeek: Mexico’s bidding rounds continue despite crude collapse

Thirty-four companies had signed on to the first auction organized by the state, said Lourdes Melgar, Mexico’s deputy secretary of energy for hydrocarbons at the Ministry of Energy.  More »
(Mayra Beltran/Houston Chronicle)

CERAWeek: Low prices slow, but won’t end, Canadian oil sands development

Expansions will keep moving ahead in Alberta, even though new greenfield projects are being halted amid low crude prices.  More »
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(Eddie Seal/Bloomberg)

Colorado sheriff’s office recovers $300,000 worth of drill bits

The Denver Post reports that the Weld County Sherriff’s Office recovered six of seven drill bits reported stolen last week and three more bits that had not been reported missing.  More »
Energy Secretary Ernest Moniz (AP Photo/Pablo Martinez Monsivais)

Energy Department: The U.S. energy grid needs $15 billion in upgrades

Severe weather is the leading cause of power disruptions, costing the U.S. economy from $18 billion to $33 billion a year, and climate change will only make it worse, a White House review on energy infrastructure concludes.  More »
Baker Hughes says its AutoTrak Curve rotary steerable system allows faster and more accurate drilling operations. Technologies provided by Baker Hughes and other oil field services companies are increasing the number of wells drilling rigs can bore, prompting a new look at historically useful measures of oil field productivity -- including the rig count Baker Hughes has published for decades. (Miller Photography Inc.)

Baker Hughes increases layoffs to 10,500

Oil field service company Baker Hughes says it has decided to increase its job cuts to 10,500 workers, about 17 percent of its workforce, as it works through a slump in North American drilling.  More »
(Photographer: Daniel Acker/Bloomberg)

World’s biggest oil trader says crude price can’t drop much more

Oil prices will range from $50 a barrel to $70 a barrel in the second half of this year, Ian Taylor, the firm’s chief executive officer, said in an interview.  More »
Businessmen arrive to CERA Week at the Hilton Americas on March 4, 2014, in Houston. ( Mayra Beltran / Houston Chronicle )

CERAWeek Day Two: Rex Tillerson, Pemex, Total

Day Two of the annual conference will deal with issues in both the domestic and international oil and gas industries.  More »
(Right) Former U.S. Deputy Secretary of State William Burns at the 2014 IHS CERAWeek (Joshua Cain/Houston Chronicle)

CERAWeek: Former diplomat says lifting Iranian sanctions won’t flood oil markets

Oil prices took a beating as traders placed bets that Iran would ramp up production and add more oil if international negotiators eased the limitations on its ability to export crude.  More »
IHS Vice Chairman Daniel Yergin (left) and Occidental CEO Stephen Chazen at the 2015 CERAWeek. (Joshua Cain/Houston Chronicle)

CERAWeek: Occidental boss says influx of capital could prolong downturn

Occidental Petroleum Corp. CEO Stephen Chazen says new money flowing to oil companies could prolong the industry’s downturn if it keeps financial pressure off U.S. producers who might otherwise dwindle or sell.  More »
Interior Secretary Sally Jewell at the 2015 IHS CERAWeek (Houston Chronicle)

CERAWeek: Interior Secretary Jewell aims to reassure wary oil executives

Interior Secretary Sally Jewell will go before a crowd of wary energy industry executives Monday to make the case that federal regulations are essential to reassure a worried public.  More »
Jim Burkhard, CERAWeek vice chariman. (CERAWeek On Demand)

CERAWeek: U.S. and Wall Street take over OPEC’s role as global swing producer

Financial markets underpinning the U.S. shale boom have emerged as the world’s de facto regulator of global oil production, taking over from the Saudi Arabia-led cartel of crude exporting nations that abdicated its decades-old role in November, a top IHS researcher said Monday.  More »
(From left to right) IHS Vice Chairman Daniel Yergin interviews Alaska Sen. Lisa Murkowski and ConocoPhillips CEO Ryan Lance at the 2015 IHS Energy CERA Week (Brett Coomer/Houston Chronicle)

Ryan Lance at CERAWeek: Production cuts now could lead to big price swings later

Oil prices may rebound, but volatility is here to stay, ConocoPhillips CEO Ryan Lance predicted Monday.  More »
Muhammad Al-Saggaf, acting head of shared operations and services at Saudi Aramco. (CERAWeek On Demand)

CERAWeek: Smaller budgets shouldn’t sacrifice on oil industry innovation, Saudi Aramco says

Innovation is vital for the energy industry, even when times are tough, three industry executives told IHS Energy CERAWeek attendees Monday.  More »
Sen. Lisa Murkowski speaks at the IHS Energy CERA Week conference in Houston on April 20, 2015. (Brett Coomer/Houston Chronicle)

CERAWeek: U.S. crude export ban is a sanction against ourselves, Murkowski says

“We shouldn’t lift sanctions on Iranian oil while we are keeping sanctions on American oil,” Sen. Lisa Murkowski told energy executives at IHS Energy CERAWeek. “It makes no sense.”  More »
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