Fuel Fix

(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

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The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.

Getting a glimpse of Exxon Mobil’s new campus

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(Jordan Blum/Houston Chronicle)
The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil industry needs half a trillion dollars to endure price slump

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If oil stays at about $40 a barrel, the shakeout could be profound.

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.
Ocean_wave

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
BPsign

BP loses ruling on payments to seafood workers

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At issue are alleged improprieties by a lawyer involved in the spill accord,
Categories: Gulf oil spill
Transocean Ltd. President and CEO Steven Newman, testifies during a Senate committee hearing on response efforts to the Gulf Coast oil spill in 2010. (Manuel Balce Ceneta/AP)

Transocean’s fourth-quarter profit drops

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The company also announced Wednesday that it awarded contracts worth $1.2 billion for construction of two new ultradeep-water drillships.
Categories: Markets, Offshore
(Photo: Fotolia)

Oil gains as U.S. supplies rise less than expected

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Crude for April delivery rose 76 cents to $102.59 a barrel.
TransCanada CEO Russ Girling talks about the future and present of the company's pipeline before an event at Ford Park in Beaumont on Wednesday.  (Guiseppe Barranco/@spotnewsshooter)

Canadian crude now moving through Keystone XL’s southern leg

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The Keystone XL southern leg has delivered its first barrels of Canadian oil to the Texas coast, even though the project still lacks its planned northern leg into Canada, TransCanada’s CEO said in an interview.