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 prices pulled back Wednesday after reaching highs for 2015 on Tuesday.

Oil prices drop in Asia on demand expectations

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Oil prices fell in Asia on Thursday as expectations for reduced demand due to warmer weather outweighed a smaller-than-expected increase in U.S. oil supplies.
Categories: Crude oil, Markets
(construct/Flickr)

Tax proposal would deal big blows to Big Oil

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Rep. Dave Camp’s plan to overhaul the nation’s tax code would deal major blows to independent refiners and the nation’s biggest oil and gas companies, blocking them from taking some long-cherished deductions and forcing them to use an accounting method that would hike their tax bills when crude prices climb. But independent oil and gas producers as well as midstream pipeline companies dodged big hits in Camp’s long-awaited proposal.

David Rainey, BP's then-vice president for Gulf of Mexico production, speaks to the media in New Orleans about the Deepwater Horizon offshore drilling unit explosion in April 2010. (AP Photo/Cheryl Gerber, File)

Former BP executive gets delay in oil spill trial

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Trial had been scheduled March 10 for David Rainey.
Categories: Gulf oil spill
Foundations and pilings are all that remain of brick buildings and a boardwalk in Atlantic City, N.J., Tuesday, Oct. 30, 2012, after they were destroyed when a powerful storm that started out as Hurricane Sandy made landfall on the East Coast on Monday night. (AP Photo/Seth Wenig)

Study: Offshore wind turbines can weaken hurricanes (video)

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Offshore wind turbines could help prevent destruction caused by hurricanes by draining the storms of their deadly winds, according to a new scientific study that highlights a previously unknown benefit of the technology.
Cleanup crews work in Lac-Megantic, Quebec after a runaway oil train derailment and explosion on July 9, 2013. (AP Photo/The Canadian Press, Ryan Remiorz)

Regulatory limbo keeping safer crude cars off the tracks, lawmaker says

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The government’s long delay in drafting mandates for stronger tankers to haul crude across the nation’s train tracks is paralyzing companies that want to invest in safer cars, a Democratic lawmaker charged Wednesday.
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Critics take aim at upcoming federal report on Atlantic drilling

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The Obama administration is on track this week to release a final environmental analysis that would help pave the way for the first seismic studies in decades to pinpoint oil and gas off the East Coast, as well as potential drilling in the 2020s.
Categories: Offshore
Crewmen work a site for TransCanada's Keystone XL project in Wood County, Wednesday, Oct. 24, 2012, in Winnsboro. (Cody Duty / Houston Chronicle)

Report says Keystone contractor followed federal rules

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The State Department followed federal guidelines regarding use of outside contractors, the report said.
Categories: Keystone XL