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.”

The Chinese flag blows in the wind as hundreds of people walk along the Bund boardwalk by the Huangpu river in Shanghai, China. (Paula Bronstein/MCT)

PetroChina parent finds enough gas to meet demand for two years

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China National Petroleum Corp., the country’s biggest oil and natural gas producer, discovered a natural gas reserve that is big enough to supply the nation’s needs for two years.
Categories: Asia, Natural gas
The existing Keystone oil pipeline is constructed in North Dakota.   (Photo courtesy of TransCanada)

Keystone consultant disclosed ‘conflict of interest’ to feds

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The consulting firm that wrote a largely favorable environmental review of the proposed Keystone XL pipeline disclosed to the State Department work it did that led to allegations of a conflict of interest after it won the contract, according to newly released documents.
Categories: Environment, Keystone XL

A placard warns of flammability on a tank car carrying crude oil near a loading terminal in Trenton, N.D. (AP Photo/Matthew Brown, File)

Competing bills to address safety of oil transport

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Washington lawmakers on Monday considered competing measures that try to address potential risks as more crude oil is shipped by rail into the state.
Categories: Crude oil, Rail
(Photo courtesy of Shell Oil Co.)

Floor of Alaska Senate breaks into oil tax debate

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The floor of the Alaska Senate broke into an impromptu debate over oil taxes Monday. Sen. Cathy Giessel said the state is better protected at lower oil prices under the new law than under the former tax structure.
Categories: Arctic, Finance/Earnings
(Image: Fotolia)

Oil slips below $100 ahead of Fed chief’s testimony

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The price of oil slipped below $100 a barrel Tuesday ahead of Congressional testimony by the U.S. Federal Reserve’s new chief.
Categories: Crude oil, Markets
Michael Macrander, Shell's chief scientist in Alaska, speaks at the Arctic Technology Conference in Houston Monday.

Shell recommends science for Arctic headaches

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Scientific research has been central to Shell’s now-stalled move into Alaskan Arctic waters, and regulators probably will expect more if Shell resumes its work there, a company scientist told a Houston audience Monday.
Categories: Arctic, Crude oil
The U.S. Energy Information Administration has expanded its interactive mapping system to show the specific locations of oil and natural gas wells, both onshore and offshore.

Feds launch new well-mapping tool

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On Monday, the U.S. Energy Information Administration unveiled a new mapping system on its website that includes the specific location of oil and gas wells, giving users an opportunity to see developments in specific plays.
Categories: Crude oil, Natural gas, Shale