Fuel Fix

(AP Photo/Richard Drew, File)

Crude rebounds as U.S. drilling slows

Oil has dropped more than 10 percent this year following a decline of almost 50 percent last year, the most since the 2008 financial crisis.  More »
President Barack Obama delivers his State of the Union address to a joint session of Congress on Capitol Hill on Tuesday, Jan. 20, 2015, in Washington. Vice President Joe Biden and House Speaker John Boehner of Ohio, listen in the background. (AP Photo/Mandel Ngan, Pool)

Obama talks tough on climate change, Keystone XL

In his penultimate State of the Union address, Obama chided lawmakers who have been skeptical of climate change or humanity’s role in it and delivered a thinly veiled critique of the GOP-controlled Congress’ focus on the Keystone XL pipeline.  More »
(Johnny Hanson/Houston Chronicle)

Citgo said to plan $2.5 billion of debt for Venezuela dividend

Citgo Petroleum Corp. is planning to raise $2.5 billion and transfer the funds to its cash-strapped corporate parent, state-owned Petroleos de Venezuela SA, according to a person with knowledge of the matter, Bloomberg News reports.  More »

(Photographer: Daniel Acker/Bloomberg)

Senate to vote on climate change amid Keystone debate

Senators are about to wade into heated debates over climate change, the disposal of petroleum coke, a refining byproduct, and how environmental regulations apply to power plants burning coal refuse left behind from 19th-century mining operations.  More »
(Photo: Associated Press)

Pipeline breach located beneath Yellowstone River

Up to 50,000 gallons of crude were released in the spill.  More »
(AP file photo)

What to watch for in the State of the Union

As President Barack Obama delivers his penultimate State of the Union address Tuesday night, will he be the president who took aim at the oil industry’s tax breaks in 2009 or the one who celebrated natural gas just three years later?  More »
(Dave Martin/AP)

Oil spill intensified Gulf inequality amid economic damage, U.S. witness says

Gushing oil in the Gulf of Mexico caused serious and widespread sociocultural destruction in Louisiana and other states and exacerbated inequality in a region marked by economic immobility, the U.S. government’s second witness in BP’s oil spill case said Tuesday.  More »
A shrimp boat is used to collect oil with booms in the waters of Chandeleur Sound, La. (AP Photo/Eric Gay)

First U.S. witness gives BP oil spill response high grade

Coast Guard Rear Admiral Meredith Austin noted that BP personnel had inappropriately packed up equipment at various branches of the response effort before the runaway Macando well was finally killed in September.  More »
(AP Photo/Gerald Herbert, File)

BP, U.S. attorneys clash in opening statements in oil spill trial

A U.S. prosecutor said in court Tuesday that BP shouldn’t see its environmental fines reduced much from the maximum $13.7 billion just for complying with the law.  More »
Senator Charles Schumer, a Democrat from New York, from left, Senator Al Franken, a Democrat from Minnesota, and Senator Edward "Ed" Markey, a Democrat from Massachusetts, hold a news conference on Keystone XL pipeline amendments at the U.S. Capitol in Washington, D.C., U.S., on Tuesday, Jan. 20, 2015. Senate Democratic leaders will push hard for full Senate vote on an amendment to Keystone XL pipeline legislation that puts all senators on record on their views about whether carbon emissions spark climate change, said Schumer. Photographer: Andrew Harrer/Bloomberg

Oil producers lobby against export vote

U.S. oil producers are warning against an amendment aimed at blocking the export of Canadian crude transported by Keystone XL.  More »
Dave Lesar, third from right, chairman and CEO of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City. (Photo by Spencer Platt/Getty Images)

Halliburton leaders suggest layoffs to hit North America

Halliburton acknowledged challenges ahead for the company as it faces pressure from exploration and production companies who are reeling from a more than 50 percent drop in the price of oil.  More »
G. Steven Farris, chairman and chief executive officer of Apache Corp. ( Cody Duty / Houston Chronicle )

Apache CEO Farris retires

John Christmann, the company’s executive vice president and chief operating officer for North America, will succeed him.  More »
(stockyimages)

Schlumberger to pay $1.7B for stake in Russian energy company

Schlumberger will spend about $1.7 billion for a minority stake in a big Russian energy company at a time when the country’s relations with the West are under strain and as energy prices hit multiyear lows  More »
Fire boat response crews battle the blazing remnants of the BP operated off shore oil rig, Deepwater Horizon, in the Gulf of Mexico in 2010. (AFP/Getty Images)

BP penalty trial begins in New Orleans

A federal judge on Tuesday will hear arguments from BP and U.S. government attorneys and experts in the long-running civil case over the 2010 Gulf of Mexico oil spill.  More »
(AP Photo/Richard Drew)

Baker Hughes to lay off 7,000 after record-breaking quarter

The oil services company reported that net income in its final quarter rose to a record high of $629 million.  More »
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