Fuel Fix

(AP Photo/The Times, Kyle Telechan)

Magellan condensate splitter in Corpus Christi gets clearance

A $250 million condensate splitter proposed for Corpus Christi got clearance from federal regulators on Friday, bringing it one step closer to construction.  More »
(AP Photo/The Bakersfield Californian, Casey Christie)

New railroad rebuilding business after disaster in Quebec

Central Maine and Quebec Railway spent $10 million on track improvements over the summer to increase train speeds that had been lowered to 10 mph in some places because of deferred maintenance.  More »
U.S. Oil Rigs Increase Exploration, Defying Predictions

Crude fall raises prospects of layoffs in Wyoming

The drop in prices carries widespread implications in Wyoming, where a recently revived oil industry has bolstered payrolls and state coffers.  More »

U.S. Oil Rigs Increase Exploration, Defying Predictions

Rig count falls as oil prices continue slide

A new report showed that producers had slowed the pace of drilling for oil as the commodity fell further fell further $60 per barrel on Friday.  More »
( Jay Pickthorn/AP/Statoil).

Crude oil extends drop below $60 as IEA cuts forecast

The IEA reduced its estimate for oil demand growth in 2015 by 230,000 barrels a day on Friday.  More »
In June, GE tested this prototype 20,000 psi ram blowout preventer at its Houston Technology Center. The 20ksi program also includes new wellheads, connectors, control systems, and riser systems. (GE Oil & Gas)

Blowout preventer rule gets White House vetting

Federal regulators are advancing rules meant to boost the reliability of blowout preventers used to safeguard offshore wells.  More »
INDONESIA-OPEC-COMMODITIES-OIL-PRICE

Cheaper crude doesn’t mean cheaper products yet

Raw materials and fuel have gotten less expensive as oil prices plunge to their lowest levels in five years, but manufacturers may be reticent to pass on those savings to consumers until the volatile oil and gasoline markets begin to settle.  More »
pilot27

Record oil tankers seen sailing to China amid stockpiling signs

There are 83 very large crude carriers bound for Chinese ports, according to shipping signals from IHS Maritime.  More »
Protests were held in November against corruption in Brazil. Miguel Schincariol /AFP/Getty Images

Brazil charges 35 in Petrobras scandal

The formal charges cap a months-long investigation dubbed “Operation Car Wash.”  More »
Emilio Lozoya, chief executive officer of Petroleos Mexicanos (Pemex) (Susana Gonzalez/Bloomberg)

Mexico opens bidding for outsider oil exploration

Mexico nationalized its oil industry in 1938. Prior to this year’s reforms, the state company Petroleos Mexicanos was the only one allowed to do oil exploration and production.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Ecuador case against Chevron before Canadian court

Lawyers have fought for years in several countries over who’s responsible for pollution in the rain forest.  More »
(Photo: Johnny Hanson/Houston Chronicle file photo)

Halliburton lays off 1,000 employees in Eastern Hemisphere

HOUSTON — Oil field giant Halliburton said Thursday it is laying off about 1,000 employees across multiple regions in the Eastern Hemisphere, effective immediately, a day after a company executive said it expects a $75 million restructuring charge in the fourth quarter.  More »
(AP Photo/Hasan Jamali)

Falling oil prices raise new concerns for states

With oil prices now around a five-year low, budget officials in about a half-dozen states already have begun paring back projections for a continued gusher of revenues. Spending cuts have started in some places, and more could be necessary if oil prices stay at lower levels.  More »
(AP Photo/ Louis Lanzano)

WTI oil drops below $60 after Saudis question need to cut

OPEC decided against reducing its output quota at a meeting last month, letting prices drop to a level that may slow U.S. production that’s surged to the highest level in more than three decades.  More »
(Getty Images)

States looking to increase electric-vehicle charging stations

Several states are pushing forward tax incentive programs to provide charging stations for the increasing number of electric vehicles on the road.  More »
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