Fuel Fix

(ALEXANDER KLEIN/AFP/Getty Images

OPEC split on need for long-term oil-price forecasts

on
The disagreement reflects internal divisions over whether OPEC policy should focus on prices or the stability of the oil market.

OPEC split on need for long-term oil-price forecasts

on
(ALEXANDER KLEIN/AFP/Getty Images
The disagreement reflects internal divisions over whether OPEC policy should focus on prices or the stability of the oil market.
Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

ConocoPhillips to cut 10 percent of global workforce

on
ConocoPhillips said Tuesday it is planning to cut roughly 1,800 employees, or 10 percent of its global workforce, in the next several weeks as it deals with low oil prices.

(AP file photo/Sue Ogrocki)

Valero buys Indiana ethanol plant

on
Valero plans to begin production soon at an idled ethanol plant it has purchased at an Indiana port on the Ohio River, a spokesman said.
Categories: Chemicals, Deals
Yellow oil barrels

Oil near $99 after China manufacturing drops

on
The price of oil fell slightly Monday following a drop in China’s manufacturing.
Categories: Crude oil, Markets
AmeriMex Motor & Controls, LLC CEO, Josh Preuher and colleagues, talks with US Congressman Gene Green, Monday, March 10, 2014 during a tour of the AmeriMex facilities in Houston, Texas. (Todd Spoth)

Hybrid engine uses less fuel while drilling for it

on
At a plant east of downtown Houston, a North Carolina company is building hybrid power systems for oil rigs.
Categories: Exploration
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 expands area facilities with gaze focused abroad

on
Originally built by the U.S. government to process fuel for Allied aircraft during World War II, Phillips 66’s Sweeny plant now is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company.
Categories: featured, Refining
ALCS Citgo Sign

Prosecutors ask $197M fine for CITGO in 2006 spill

on
LAKE CHARLES, La. — The Justice Department wants a federal judge to fine Citgo Petroleum Corp. at least $197 million in a Clean Water Act enforcement lawsuit filed in a 2006 oil spill at the company’s Lake Charles refinery. The Advocate reports the Justice Department argued in court filings this month that the legal maximum […]
(Johnny Hanson/Chronicle)

Report: Increased rig demand lifting drillers’ prospects in 2014

on
Helmerich & Payne and other early adopters of new rig advances have held an edge over latecomers with older models, but the technology gap is narrowing and a recent upturn in demand may begin leveling the field, according to a report released this week.
Categories: Oil field services
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

Judge rules Anadarko emails don’t show fault in Gulf oil spill

on
Anadarko Petroleum Corp. (APC) officials urged BP Plc to drill deeper into the Gulf of Mexico well that caused the worst offshore oil spill in U.S. history even after BP warned that doing so would be unsafe.