Fuel Fix

Iran's supreme leader, Ayatollah Ali
Khamenei (Bloomberg News/ILNA/document IRAN)

EIA: Lifting Iran sanctions could send oil prices down as much as $15

The high end of the Energy Information Administration’s prediction would bring 2016 Brent crude from $75 per barrel to about $60 per barrel, or just a few dollars above Tuesday’s ending price of $59.10.  More »
(Photo: Johnny Hanson/Houston Chronicle file photo)

Halliburton to put drilling business units up for sale to clear Baker Hughes merger

The Houston oil field services firm said Tuesday it is putting its fixed cutter bits, roller cone drill bits, directional drilling, logging-while-drilling and measurement-while-drilling businesses on the auction block in separate deals.  More »
A Noble Energy rig off the south coast of Cyprus in the Mediterranean Sea. (AP Photo/Cyprus Press and Information Office, File)

Noble Energy cuts 220 jobs

Noble Energy has slashed 220 jobs, the company announced Tuesday, joining a growing list of oil firms trimming their rolls as they struggle to rein in spending amid falling oil prices.  More »
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(Susana Gonzalez/Bloomberg)

Mexico’s energy regulators are hopeful the crude crash won’t spoil their first oil-rights auction

Mexican energy regulators on Tuesday expressed confidence that low oil prices won’t suppress activity as the country auctions exploration and production rights for the first time in more than 75 years.  More »
Don Robicheaux, safety coordinator for Marathon, stands in front of a crude unit, part of Marathon's estimated $3.2 billion expansion in Garyville, La. (AP Photo/Cheryl Gerber, file)

United Steelworkers reviewing contract proposal from Marathon Petroleum

Workers have been on strike since Feb. 1. Hancock said one of issues is Marathon’s move to dismantle the labor/management partnership that was launched after an explosion and fire killed 15 workers in 2005, when BP owned the refinery.  More »
Enterprise Products Parnters docks in the Houston Ship Channel. (Photo: Enterprise Products Partners)

Enterprise completes Houston Ship Channel terminal expansion

Enterprise Products Partners completed the first phase of its LPG export terminal expansion, allowing the company to ship more supercooled propane to buyers overseas.  More »
Greg Armstrong, CEO of Plains All American Pipeline, at the company headquarters Thursday Sept. 25 2013.(Dave Rossman photo)

Plains boosts distribution for first quarter 2015

Pipeline company Plains All American said it would pay its unitholders $0.685 in May.  More »
Fighters from the Fajr Libya (Libya Dawn), an alliance of Islamist-backed militias, man a checkpoint in al-Aziziyah, located some 40 kilometres south of the Libyan capital Tripoli, on March 25, 2015. (Mahmud Turkia/AFP/Getty Images)

The fight over oil money in a split Libya is complicating the country’s efforts to boost exports

Libya, holder of Africa’s largest oil reserves, has been split since last year when a coalition of Islamist militias captured Tripoli, forcing the elected government to move to the eastern region.  More »
(AP Photo/Robert F. Bukaty, File)

A Texas wind power company is scrapping its Eastern Shore project amid political opposition

Pioneer Green Energy wrote to the Somerset County Commissioners last month that it was indefinitely suspending the project due to “unanticipated hurdles and roadblocks.”  More »
A trailer park occupied mostly by oil workers is seen in an aerial view in the early morning hours of July 30, 2013 near Watford City, North Dakota. (Photo by Andrew Burton/Getty Images)

North Dakota will send more oil tax revenue to boom towns grappling with growth

North Dakota’s state fund currently sets aside 75 percent of some oil tax revenues for the state and 25 percent for local governments.  More »
Smoke and flames erupt from the scene of a train derailment Thursday, March 5, 2015, near Galena, Ill. A BNSF Railway freight train loaded with crude oil derailed around 1:20 p.m. in a rural area where the Galena River meets the Mississippi, said Jo Daviess County Sheriff's Sgt. Mike Moser. (AP Photo/Telegraph Herald, Mike Burley)

Oil train tank cars need urgent upgrades

The industry in 2011 voluntarily adopted rules requiring sturdier tank cars for hauling flammable liquids such as oil and ethanol. But cars built to the new standard split open in at least four accidents during the past year.  More »
(Johnny Hanson/Houston Chronicle)

Cheap oil is squeezing property owners in energy hubs

The 50 percent plunge in crude values since June is already dragging down property prices in Texas.  More »
(Photographer: Patrick Semansky/Bloomberg)

U.S. refiners can bulk up to consume more domestic oil

A new report from the Energy Information Administration suggests refiners can — and will — invest in new equipment to process the light oil flowing out of U.S. wells today, but a debate over crude exports could undermine some of those plans.  More »
New Jersey Gov. Chris Christie speaks during a town hall meeting in 2011. (AP Photo/Mel Evans)

New Jersey posts details of Exxon Mobil settlement

Details of the proposed $225 million settlement with Exxon Mobil over pollution around refineries in Linden and Bayonne were posted online Monday,  More »
A Tenaris Conroe employee lines up a stack of pipes so a Petibone forklift can pick the up to put into another pile waiting to be finished for sale Tuesday, April 13, 2010, in Conroe.  (Nick de la Torre/Chronicle)

Hundreds more Houston-area jobs cut as oil-equipment demand falls

Falling oil prices have prompted businesses affiliated with the the energy industry to announce more than 400 job cuts in the Houston area as demand for their products and services falls.  More »
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