Fuel Fix

Derailed oil tanker train cars burn near Mount Carbon, W.Va., Monday, Feb. 16, 2015. A CSX train carrying more than 100 tankers of crude oil derailed in a snowstorm, sending a fireball into the sky and threatening the water supply of nearby residents, authorities and residents said Tuesday. (AP Photo/The Daily Mail, Marcus Constantino)

Feds: Speed doesn’t appear to be factor in West Virginia oil train crash

The CSX train was going 33 mph at the time of Monday’s crash in the town of Mount Carbon.  More »
alaska-pipeline-tight

Walker plans to pursue 2 export-capable gaslines

The state faces projected multibillion-dollar budget deficits amid a crash in oil prices, and the stand-alone project was among the big-ticket projects for which Walker late last year had halted new spending pending a review.  More »
Jeff Lewis leads United Steelworkers union members as they picket across the street from the Shell Corporate Headquarters Friday, Feb. 6, 2015, in Houston. On Sunday, union members began a strike at nine U.S. refineries and chemical plants in California, Kentucky, Texas and Washington after talks broke down with Shell which is bargaining on behalf of the oil industry. (Cody Duty / Houston Chronicle)

Union rejects latest offer in national oil workers strike

The walkout, now in its third week, affects 11 refineries and petrochemical plants, five in the Houston area.  More »
Wal-Mart shoppers leave the Pottstown, Pennsylvania store on Tuesday, February 21, 2006. Wal-Mart Stores Inc. reported fourth-quarter profit rose 13 percent on holiday sales of clothing, electronics and gift cards. Photographer: Bradley C Bower/Bloomberg News

Oil’s pain is Wal-mart’s gain

Analysts at Goldman Sachs note that the longer gas prices stay low, the more consumers like to spend.  More »
A couple stands in front of River Street while the waves hit the seawall in Nome, Alaska, in 2011. (AP Photo/Peggy Fagerstrom, file)

Alaska deep-water port proposed for vessels in Arctic waters

As ship traffic has increased, federal agencies have expressed concern about responding to vessels in distress, industrial activities and oil spills.  More »
A very large smokestack flare burns off flammable product after an explosion in a processing facility at the ExxonMobil refinery in Torrance, Calif. on Wednesday, Feb. 18, 2015. A small ground fire was quickly extinguished and the facility's flare system was triggered for safety reasons. Two workers suffered minor injuries. (AP Photo/Daily Breeze, Chuck Bennett)

Exxon refinery unit in California down for maintenance before fire

The Oil Price Information Service, which tracks the oil industry, said Thursday the unit was down for two days after problems with a recently repaired component within it.  More »
(Brittany Sowacke/Bloomberg)

Three more oil service firms cutting hundreds of jobs, wages

Oil field service companies have announced more than 40,000 layoffs and oil producers have cut more than 5,000 jobs so far.  More »
(AP Photo/The San Antonio Express-News, Bob Owen)

Crude stores rise again

Commercial stores of crude oil grew by 7.7 million barrels to 425.6 million barrels, the highest level recorded in EIA data stretching back to 1982  More »
(AP Photo/Gerald Herbert, File)

Judge rejects BP appeal on cap for Gulf oil spill liabilities

Barbier said he hasn’t yet determined the actual amount of the civil penalty stemming from the Gulf of Mexico spill, which could run as high as $13.7 billion.  More »
( Brett Coomer / Houston Chronicle )

Citigroup sets $100 billion funding goal for green projects

The effort builds on an earlier goal to arrange $50 billion in deals that the bank set for itself in 2007 and achieved in 2013, three years ahead of schedule.  More »
EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

EOG: Delaying completions is “right business decision”

EOG Resources officials elaborated on their decision to dramatically pare back well completions in 2015, telling investors the move is “the right business decision.”  More »
(Cody Duty / Houston Chronicle)

TransCanada to seek U.S. approval for $600 million Upland Pipeline

TransCanada Corp.’s proposed $600 million Upland Pipeline would begin near the northwestern North Dakota oil hub of Williston and go north into Canada about 200 miles.  More »
Marathon Bakken drilling

Marathon to lay off 350 to 400 workers

As of the end of 2014, Marathon employed about 3,300 internationally.  More »
At Maersk Training's simulation training complex in Denmark, operators work in a so-called dome simulator designed for drilling operations, which virtually resembles the drill floor of an offshore drilling rig. This allows the drill crew to train in a safe environment.  (Maersk)

BP, Maersk team up to train rig crews in Houston simulators

BP is announcing Thursday that it has a five-year contract for its offshore rig crews to get practice with drilling equipment in virtual-reality environments at Maersk Training’s new facility in Houston, which will feature high-tech simulators for offshore rig tasks, the companies said Thursday.  More »
Most of Israel’s gas is contained in two offshore fields in the Mediterranean Sea: Tamar, seen here, and Leviathan.
 (Albatross via Getty Images)

Noble Energy CEO: Israel gas investments stalled this year by impasse with government

In a quarterly conference call with investors on Thursday, Noble CEO David Stover called the antitrust decision an example of the uncertain regulatory environment in Israel and said the two parties would have to come to an agreement on the matter before Noble could invest significantly in Israel’s energy sector.  More »
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