Fuel Fix

(AP Photo/Charles Rex Arbogast, File)

White House methane plan takes aim at oil and gas industry

White House officials said the plan aims to cut oil and gas emissions of the powerful heat-trapping greenhouse gas by 40 to 45 percent within a decade, from 2012 levels.  More »
(AP Photo/Scanpix, Statoil)

Arctic explorers retreat from hostile waters amid oil plunge

Cheap oil threatens to demote the importance of a region already challenged by high costs, environmental concerns, technological obstacles and, in the case of Russia, international sanctions.  More »
(AP Photo/ Louis Lanzano)

Some on Wall Street see oil plunging to $40, and below

Prices are poised to drop further, testing the ability of U.S. shale drillers to keep pumping.  More »
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Ol sands - a mixture of clay, sand and bitumen -- are removed from a Suncor mine in Alberta, Canada. (Jennifer A. Dlouhy / The Houston Chronicle)

Alberta likely to face recession because of low oil prices

Alberta has the world’s third-largest oil reserves after Venezuela and Saudi Arabia, and Canadian oil is the single largest source of U.S. oil imports  More »
The Suncor Energy Inc. base plant stands in this aerial photograph taken above the Athabasca Oil Sands near Fort McMurray, Alberta, Canada, on Wednesday, June 19, 2014. (Photographer: Ben Nelms/Bloomberg)

Canadian oil firm to cut 1,000 jobs, curb spending

Suncor will also gut its operational expenses by $600 million to $800 million over the next two years.  More »
A dispersant plane passes over an oil skimmer on April 27, 2010 as it cleans oil in the Gulf of Mexico near the coast of Louisiana. (AP file photo/Patrick Semansky)

Feds aim to boost requirements for oil spill dispersants

The move comes 14 years after the agency first announced it planned to rewrite rules governing dispersants and five years after the Deepwater Horizon disaster vividly illustrated shortcomings in existing mandates.  More »
(AP Photo/Seth Perlman)

Texas job growth to slow as oil prices tank

The Federal Reserve Bank of Dallas said Tuesday that Texas would continue to add jobs in 2015, but that the total number of new jobs could decrease by up to 173,000.  More »
Sen. Ted Cruz, R-Texas, speaks about energy at the Heritage Action for America 2014 Conservative Policy Summit at the Heritage Foundation in Washington. (AP Photo/Charles Dharapak)

Cruz to push crude exports

Sen. Ted Cruz is set to offer a proposal to lift the 40-year-old crude export ban, despite skepticism from both critics and supporters of the trade restrictions.  More »
(Photographer: Stephen Hilger/Bloomberg News.)

U.S. benchmark oil briefly trades above international oil

Both crudes looked to settle lower on the day and to extend a run of steep losses.  More »
(Photo: Johnny Hanson/Houston Chronicle file photo)

Halliburton cuts jobs in Houston

Halliburton Co. said Tuesday it has cut jobs in Houston because of weakening market conditions as oil prices slide but refused to say how many employees were let go.  More »
(AP Photo/Williston Herald, Jerry Burnes, File)

Ratings agencies warn of U.S. oil company, Venezuelan defaults

Fitch Ratings said it expects the default rate for U.S. energy junk bonds to rise from 0.7 percent over the next few years, though it didn’t forecast a specific rate.  More »
(Eddie Seal/Bloomberg)

EIA: Brent will average $58 in 2015, $75 in 2016

The EIA also forecast low gasoline prices for the next few years..  More »
(Photographer: Daniel Acker/Bloomberg)

Enbridge to build Gulf of Mexico pipeline

Enbridge Inc. has announced it will build an offshore crude oil pipeline extending to Hess Corporation’s Stampede Gulf of Mexico project.  More »
API President and CEO Jack Gerard at CERAWeek in March 2014 (Photographer: F. Carter Smith/Bloomberg)

Oil group to focus on midstream issues

The American Petroleum Institute’s decision to create a new midstream department focusing on that segment of the oil and gas industry follows the lead of regulators, executives and environmentalists who also are increasingly involved in energy infrastructure.  More »
(Brittany Sowacke/Bloomberg)

Swift Energy cuts annual budget 75 percent

Swift shares have fallen 79 percent since June 20, when oil prices peaked in 2014.  More »