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.

Bloomberg: Sanchez stock down with watery well

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The stock of Houston-based Sanchez Energy Corp. declined the most in three months after reporting an Eagle Ford Shale well made more water than oil, Bloomberg is reporting. Sanchez fell 7 percent to $29.74, the biggest drop since Nov. 7. Bloomberg says: The Sante North 1H well produced 766 barrels of water, 150 barrels of […]
Categories: Uncategorized
Yellow oil barrels

Oil below $103 as Chinese factory activity drops

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U.S. retail gasoline prices continued their seasonal climb.

How much did oil and gas workers earn last year?

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The average pay for North American oil and gas professionals dropped last year to $92,160, according to Rigzone. Their pay was $94,722 in 2012. Globally, average compensation fell 2 percent to $95,820 last year. “While pay is leveling off, it’s worth noting that oil and gas workers in North America at current rates are earning […]
Categories: Uncategorized
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)

Train explosions prompt companies to upgrade oil tankers voluntarily

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Oil companies are rolling ahead of federal regulators by moving swiftly to replace old tank cars following accidents involving crude-carrying trains.
Categories: Politics/Policy, Rail
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

Feds ask judge to streamline BP trial penalty proceedings, order oil spill harmful

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U.S. authorities asked a federal judge Thursday to streamline the “penalty phase” of the BP oil spill trial by ordering that the 2010 disaster caused serious harm to the environment, residents and businesses around the Gulf of Mexico.
President Barack Obama speaks at the TransCanada Pipe Yard in Cushing, Okla. in 2012.  (AP Photo/LM Otero)

Judge’s ruling gives Obama an out on Keystone XL

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A Nebraska judge’s decision throwing out the Keystone XL pipeline route in the state may push President Barack Obama’s final decision on the contested project until after the midterm congressional elections.
(AP Photo/LM Otero)

Brazil aims to be No. 1 in Latin American wind energy

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Brazil could have more than 20,000 megawatts of wind power capacity in less than 10 years, according to a recent report by Navigant Research. That’s a dramatic increase from the roughly 3,000 megawatts of current wind generation capacity in the Latin American country.
Categories: Latin America, Wind