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.”

(Image: Fotolia)

Crews lose control of gas rig off Louisiana coast

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Officials say no injuries or pollution have been reported and efforts are underway to stop the flow of gas.
(Rice University photo)

Oil above $98 as economy shows strength

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Natural gas prices fell sharply on forecasts for milder temperatures.

(Michael Paulsen / Houston Chronicle)

Texas tops nation in new wind power construction

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Developers were installing a record level of wind turbines as 2013 came to a close, with most of the new capacity coming in Texas, according to new figures released Thursday.
Categories: Wind
A Canadian Pacific Railway Ltd. train transporting oil leaves Hardisty, Alberta, Canada. (Brett Gundlock/Bloomberg)

Exxon to move Canadian crude by rail amid pipeline shortage

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With limited pipeline options to ship oil sands crude out of Canada, Exxon Mobil Corp. plans to move up to 100,000 barrels per day of Canadian oil using a new rail terminal that should be running by 2015, an executive said Thursday.
Categories: Canada, featured, Pipelines, Rail
Exxon Mobil has about 86 percent of its oil and gas production in what rating agencies consider less risky OECD countries, according to the analysis.(Carlos Javier Sanchez/ Special to the Chronicle)

Exxon earnings drop on lower production, refining margins

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HOUSTON — Exxon Mobil Corp., the world’s largest oil company by market value, said its fourth-quarter earnings fell 16 percent because of lower oil revenue and refining margins.
Categories: Finance/Earnings
Shell-Logo-323x300

Shell pledges spending cuts, asset sales to restore profit

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Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden promised to slash capital spending and accelerate asset sales to revive earnings at Europe’s largest oil producer.
Categories: Finance/Earnings
The Xiang Yun Kou heavy-lift vessel departs for South Korea after safely loading the Noble Discoverer drillship. (COSCO Heavy Transport)

Shell’s delay ignites calls for deep freeze on Arctic drilling

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Environmentalists celebrated Shell’s decision to put its 2014 Arctic drilling plans on ice, but drilling advocates said they hope it’s just a temporary setback.
Categories: Arctic