Fuel Fix

The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

MRC Global cuts more jobs as profits dip

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MRC Global said Monday it has now cut 680 jobs total dating back to last year as the oil-field pipes, valves and fitting supplier has adapted to the low oil price environment.

MRC Global cuts more jobs as profits dip

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The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)
MRC Global said Monday it has now cut 680 jobs total dating back to last year as the oil-field pipes, valves and fitting supplier has adapted to the low oil price environment.
(AP Photo/Richard Drew)

Oil’s slide continues into August

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Monday’s slide follows a bearish July, when concerns that the glut of oil may not be easing sparked a sell off and erased gains crude had posted in May and June.

Rep. John Shimkus, R-Ill., speaks during a rally in October 2010 in Collinsville, Ill. (AP Photo/Jeff Roberson)

Republican lawmakers divided on oil exports

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Oil companies eager to sell U.S. crude overseas are pushing Congress to relax a 39-year-old ban on those exports, but even reliable allies on Capitol Hill are wary. Rep. John Shimkus, R-Ill., said there is a kind of “schizophrenia” around the issue on Capitol Hill.
Categories: Markets, Politics/Policy
(Bill Montgomery photo/Houston Chronicle)

Power conservation alert ends

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The agency that operates most of Texas’ power grid has canceled a conservation alert tied to cold weather.
Categories: Electricity

Maria de Lourdes Melgar Palacios, Mexico's undersecretary of hydrocarbons in the Ministry of Energy. (Emily Pickrell/Houston Chronicle)

First bidding round for Mexico will be June 2015

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Mexico plans to open up its first bidding round with private participation in June 2015, the newly appointed undersecretary of hydrocarbons said Friday.
Categories: Latin America
Photo:  www.zackmorriscellphone.com

Google Glass: funny looking, hard to use at first, but this is the future of oil & gas technology

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It’s now been a few days since I received Google Glass, so as I promised in my last post I’m ready to give some early hands-on impressions. Specifically, I’ll give some general impressions from a consumer’s point of view, then focus on how this technology relates to the oil & gas industry, as well as some shortcomings as I see them that could prevent near-term adoption in this field.
A boat passes a refinery standing along the Houston Ship Channel.  (Scott Dalton/Bloomberg)

Houston port’s $35B blitz led by energy investments (photos)

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As record oil and gas output floods the country with cheap and abundant energy and brings the U.S. closer to energy independence, the bulk of the fuels get squeezed through Houston, the country’s largest export gateway and the core of its biggest refining region.
Categories: featured, Markets, Refining
Attendees arrive at the winter NAPE Expo earlier this year. The summer show is under way this week at the George R. Brown Convention Center .   (Mayra Beltran / Houston Chronicle)

Expo draws oil players large and small in changing market (photos)

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Energy executives from across the country gather in Houston every winter to haggle over North American oil land and offshore projects in the Gulf of Mexico.
Categories: Deals, Premium
(fotolia)

Low on natural gas, California told to power down

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With a move that usually comes in the height of summer when temperatures are soaring and air conditioners blasting, Californians were urged to voluntarily cut their electricity use after frigid weather across the U.S. and Canada caused a shortage of natural gas at Southern California power plants.
Categories: Electricity, Natural gas