Fuel Fix

Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.

Exxon Mobil earnings fall 52 percent

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Categories: Crude oil, featured
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)
Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.
(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

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The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”

Oil Barrel

Oil and natural gas down slightly; pump prices up

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Energy markets were relatively tame Wednesday, with both oil and natural gas showing small declines. Benchmark U.S. crude for April delivery slipped 19 cents to close at $102.40 a barrel on the New York Mercantile Exchange. Natural gas futures fell 3 cents to $4.51 per 1,000 cubic feet as weather forecasts indicate households won’t have […]
Shell-Logo-323x300

Shell Nigeria closes major pipeline, cites theft

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Shell said it hopes to reopen it as soon as possible.
Categories: Africa

Photo: (Flickr/Luis Argerich)

Feds unveil study paving way for oil and gas research in Atlantic

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The Obama administration on Thursday is setting the framework for a new generation of oil and gas research off the East Coast — and potential drilling in those Atlantic waters a decade from now — by releasing an environmental study of seismic surveys to pinpoint those energy resources.
The Freeport LNG Liquefaction Project expansion (Freeport LNG)

Freeport LNG gets $1.2B in equity from Japanese utilities

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Freeport LNG, which plans to build a major natural gas and liquefaction facility, signed an agreement that provides the final piece of equity it needs for the initial phase of its plans.
Categories: Asia, General, LNG
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Dream of US oil independence slams against shale costs

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The path toward U.S. energy independence, made possible by a boom in shale oil, will be much harder than it seems.
Categories: featured, Production
Rail tanker cars in Corpus Christi, Texas. (Eddie Seal/Bloomberg)

Rail projects boosting oil flow to California refineries

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California, the third-biggest refining state in the U.S., is about to see a flood of oil by rail from places such as Canada and North Dakota as suppliers seek to tap a market isolated from the rest of the country.
Categories: Crude oil, Rail
(StockMonkeys.com)

Plug Power climbs on Wal-Mart fuel-cell forklift order

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Plug Power Inc., the supplier of fuel cells for electric forklifts that’s doubled in market value this year, surged the most in two weeks after announcing an order from Wal-Mart Stores Inc.