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.”

Last Mile - Final fueling

More work needed to stop flaring gas, officials say

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Energy companies are making strides in capturing the natural gas that flows out of North Dakota oil wells but still have a long way to go to stop burning off the fossil fuel, governors and business executives said Monday.
A crewman directs a pipe for the southern leg of TransCanada's Keystone XL project in Wood County, Texas. The northern leg has not yet received approval from the Obama administration. (Cody Duty / Houston Chronicle)

Keystone’s future in hands of Nebraska’s new pipeline regulator

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A Nebraska agency faulted over campaign donations from regulated companies may soon decide the fate of Keystone XL, its first review of an oil pipeline.

(AP file photo/John McConnico)

Arctic oil still seen decades off as producers balk at costs

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The Arctic holds 30 percent of the world’s undiscovered natural gas reserves and 13 percent of its undiscovered oil, according to U.S. Geological Survey estimates. Still, exploration of the Arctic ocean floor, where 84 percent of these resources are thought to be trapped, has suffered setbacks in recent years.
Categories: Arctic
Oil prices pulled back Wednesday after reaching highs for 2015 on Tuesday.

Oil edges down but underpinned by US cold weather

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The price of oil eased toward $102 a barrel Monday, taking a pause in a six-week rally that has been supported by U.S. demand for heating oil amid prolonged cold weather.
Categories: Crude oil, Markets

The Death Knell for Climate Change Orthodoxy?

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In the short space of less than two weeks, there have been several  climate change actions that might be signs bordering on desperation.  First, Secretary of State John Kerry stated that climate change was like a weapon of mass destruction.  And then, President Obama announced plans for additional heavy-duty vehicle fuel efficiency and greenhouse gas […]
Categories: General
Canary CEO Dan Eberhart

Q&A: Company’s business goes to its heads

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Canary, an oil field services company based in Denver, recently boosted its Texas presence with the acquisition of American Wellhead, an Odessa-based wellhead sales and service company active in the Permian Basin. Canary CEO Dan Eberhart spoke with FuelFix recently about the company’s activities.
Categories: Production
Jack Gerard, CEO of the American Petroleum Institute, speaks at a Houston Chronicle editorial board meeting June 18, 2013.

Oil leader cautions against creating new rail risks

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The oil industry’s leading trade group on Friday praised railroads’ plans to boost the safety of hauling crude across the country, but it cautioned against other changes that could create new risks.
Categories: Politics/Policy, Rail