Fuel Fix

Employees of National Oilwell Varco demonstrate the workings of an oil rig at their Galena Park yard on the Houston Ship Channel where they outfit rigs for land and sea. Photographed April 28, 2008 in Galena Park. ( Eric Kayne / Chronicle )

National Oilwell rises after boosting gear backlog

Cameron reported adjusted earnings of 74 cents per share, 2 cents better than the average of 25 analyst estimates.  More »
Oil workers on an Eagle Ford Shale rig near Tilden, Texas. (John Davenport, San Antonio Express-News)

Exxon Mobil earnings hampered by sliding hydrocarbon sales

Exxon Mobil pulled in its highest quarterly earnings in four years, but sliding oil and gas sales continued to hamper the energy giant’s results.  More »
Gas station employee changes the price in California. (Paul Sakuma/Associated Press)

Gas prices jump 7 cents this week across Texas

Retail gasoline prices have jumped 7 cents this week across Texas.  More »
Money Roll

Democrats revive plans to spike oil industry tax breaks

Oil companies’ second quarter profits are down because of relatively low crude prices, but that isn’t stopping Democratic lawmakers from pushing plans to spike tax breaks for the industry.  More »
(AP file photo/Bob Bird)

Dow Chemical profit trails estimates as Europe saps demand

Dow Chemical Co., the largest U.S. chemical company, reported a bigger drop in second-quarter earnings and sales than analysts estimated and said the outlook for global demand for the rest of the year is “bleak.”  More »
Carl Icahn (AP file photo/Mark Lennihan)

CVR Energy sale off for now, Icahn to run business

Billionaire investor Carl Icahn says there were no decent bids to buy fuel and fertilizer company CVR Energy, so he will run the company and believes in its future.  More »
T. Boone Pickens (Photo: Associated Press)

Pickens: Let’s make the switch to natural gas

Four years ago this month we kicked off the Pickens Plan and changed forever the discussion of energy in the United States.  More »
Welding crews lay pipelines in Texas to move oil and gas extracted from the Eagle Ford Shale to market. (John Davenport/San Antonio Express-News)

Eagle Ford oil production in May tripled from 2011, Texas says

Oil production in the Eagle Ford shale formation in Texas tripled in May from a year earlier, preliminary data from state regulators show.  More »
Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Exxon 2Q profits rise 49 pct, helped by big gain

Exxon says that net income rose 49 percent in the second quarter as it made $7.5 billion from selling company assets.  More »
Mary Brooks sits with toys in the backyard of former day-care center Friday, July 20, 2012, in Texas City. Brooks, who is one of 47,800 Texas City and La Marque residents suing BP for health problems resulting from a 40 day release of pollutants that began April 6, 2010, still owns but was forced to close because of her health. "I've been holding out, praying and hoping that I open another child care center in Houston," she said as she explains why she hasn't gotten rid of the toys. Photo: Cody Duty, Houston Chronicle / © 2012 Houston Chronicle

Emails: BP knew of flare issues

With the world focused on a BP rig explosion in the spring of 2010 that caused the worst oil spill in U.S. history, a massive release of pollutants from the company’s Texas City refinery went largely unnoticed.  More »
(AP file photo/Paul Sakuma)

Shell Q2 profit down 53% on lower oil prices

Shares in Royal Dutch Shell PLC declined Thursday after its second quarter earnings showed a greater than expected decline in profits, due mostly to lower oil prices.  More »
The Kulluk conical drilling rig, shown in a Seattle shipyard earlier this year, has begun drilling in Alaska's Beaufort Sea.  (Jennifer A. Dlouhy / The Houston Chronicle)

Shell may trim 2012 Alaska drilling for inspections, ice

Royal Dutch Shell Plc (RDSA) may have to scale back its Arctic oil-exploration this year after unrelenting ice and trouble passing U.S. Coast Guard inspections delayed the planned July start of drilling.  More »