Fuel Fix

Exxon Mobil CEO Rex Tillerson

Oil CEOs’ grim outlook rubs off on speculators fleeing market

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Categories: Crude oil, featured
Exxon, the biggest U.S. energy producer, reported July 31 its lowest profit since 2009 while No. 2 Chevron posted its worst results in 12 years.
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

Oil CEOs’ grim outlook rubs off on speculators fleeing market

on
Categories: Crude oil, featured
Exxon Mobil CEO Rex Tillerson
Exxon, the biggest U.S. energy producer, reported July 31 its lowest profit since 2009 while No. 2 Chevron posted its worst results in 12 years.
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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Lower prices cost oil and gas giant Exxon Mobil’s upstream business $4.5 billion, the company said.
Categories: Crude oil, featured
(Photo: Mathijs B/Flickr)

Cameron worker missing at site of burning well

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State environmental officials and expert firefighters brought in by Chevron monitored a burning Marcellus Shale natural gas well, where a worker employed by Houston-based Cameron International was missing.
Categories: Accidents
OriginOil CEO Riggs Eckelberry shows the before-and-after results of the Clean Frac process, which cleans the gooey byproduct of hydraulic fracturing into water to be reused. (Zain Shauk/Houston Chronicle)

Water recycler to open Houston office

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Water recycler OriginOil, which signed its first deal last year to bring its technology into the oil field, plans to open a Houston office to help spread its technology, the company said.

Apache Corp. headquarters, 2000 Post Oak Blvd

Apache earnings drop with production losses

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Houston-based exploration and production company Apache Corp.’s fourth quarter profits were down 73 percent as a result of asset sales that impacted production levels, the company report Thursday.
CPS Energy's coal plant Deely. (Lisa Krantz / SAN ANTONIO EXPRESS-NEWS)

Coal burns brighter as utilities switch from natural gas

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Natural gas prices at a four-year high have utilities shifting to coal to generate 4.519 million megawatt-hours a day, the most since 2011, government data show.
Categories: Coal, Electricity
NRG Energy has a carbon capture project at its W.A. Parish Power Plant in Fort Bend County. (For the Chronicle/Gary Fountain)

Carbon capture could raise wholesale energy price 80 percent

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Requiring the use of carbon capture and sequestration technologies at coal-fired power plants could increase the wholesale price of electricity between 70 percent and 80 percent, an Energy Department official said.
Categories: Coal, Environment
A ConEd repair truck the 14th street and Avenue C power plant in New York City. (Brian Ach/Getty Images)

Con Edison to calculate benefits of preparing utility for climate change

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Electric utility Con Edison will conduct an economic analysis to quantify the benefits of preparing its infrastructure for the impacts of climate change, a company official said Feb. 10.
Categories: Electricity, Environment
(Eddie Seal/Bloomberg)

New data tool shows best drilling spots in Eagle Ford Shale (video)

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As oil prices have climbed and natural gas prices have fallen, operators have increasingly moved to the lucrative plays – a trend that the U.S. Energy Information Administration has mapped out over time.
Categories: Eagle Ford