Fuel Fix

trucks

Truckers with 35,000 openings seek jobless oil workers

Attracting and retaining drivers is one of the biggest challenges for long-haul trucking companies, which can see annual driver turnover of more than 100 percent, according to Bloomberg Intelligence.  More »
A Cabot Oil & Gas Corp. natural gas drilling rig in the Marcellus Shale in Pennsylvania. (Cabot)

Cabot reports loss, will slow Marcellus and Eagle Ford drilling

Cabot Oil & Gas Corp. reported a $221.8 million loss for the quarter, as it suffered from oil prices that have dropped by nearly half since their summer peaks.  More »
Natural gas wellhead

Fossil fuel divestment effort comes to energy-rich Colorado

Students will ask the University of Colorado Board of Regents on Friday to divest from coal and petroleum companies.  More »
Indian police in civil clothing escort two alleged suspects, center and center right, who are among the seven persons in an oil espionage case, to a police van to be produced in a court from the Delhi Crime Branch unit, in New Delhi, India, Friday, Feb. 20, 2015. Police have arrested seven people for allegedly stealing classified documents from the Indian government and selling them to energy companies, a top police officer said Friday. (AP Photo/Manish Swarup)

India: 7 arrested for stealing, leaking energy documents

The men were caught leaving the ministry building Tuesday after authorities acted on a tip that some individuals were stealing and leaking documents from the ministry.  More »
Derailed oil tanker train cars burn near Mount Carbon, W.Va., Monday, Feb. 16, 2015. A CSX train carrying more than 100 tankers of crude oil derailed in a snowstorm, sending a fireball into the sky and threatening the water supply of nearby residents, authorities and residents said Tuesday. (AP Photo/The Daily Mail, Marcus Constantino)

Feds: Speed doesn’t appear to be factor in West Virginia oil train crash

The CSX train was going 33 mph at the time of Monday’s crash in the town of Mount Carbon.  More »
alaska-pipeline-tight

Walker plans to pursue 2 export-capable gaslines

The state faces projected multibillion-dollar budget deficits amid a crash in oil prices, and the stand-alone project was among the big-ticket projects for which Walker late last year had halted new spending pending a review.  More »
(Cody Duty / Houston Chronicle)

Union rejects latest offer in national oil workers strike

The walkout, now in its third week, affects 11 refineries and petrochemical plants, five in the Houston area.  More »
Wal-Mart shoppers leave the Pottstown, Pennsylvania store on Tuesday, February 21, 2006. Wal-Mart Stores Inc. reported fourth-quarter profit rose 13 percent on holiday sales of clothing, electronics and gift cards. Photographer: Bradley C Bower/Bloomberg News

Oil’s pain is Wal-mart’s gain

Analysts at Goldman Sachs note that the longer gas prices stay low, the more consumers like to spend.  More »
A couple stands in front of River Street while the waves hit the seawall in Nome, Alaska, in 2011. (AP Photo/Peggy Fagerstrom, file)

Alaska deep-water port proposed for vessels in Arctic waters

As ship traffic has increased, federal agencies have expressed concern about responding to vessels in distress, industrial activities and oil spills.  More »
A very large smokestack flare burns off flammable product after an explosion in a processing facility at the ExxonMobil refinery in Torrance, Calif. on Wednesday, Feb. 18, 2015. A small ground fire was quickly extinguished and the facility's flare system was triggered for safety reasons. Two workers suffered minor injuries. (AP Photo/Daily Breeze, Chuck Bennett)

Exxon refinery unit in California down for maintenance before fire

The Oil Price Information Service, which tracks the oil industry, said Thursday the unit was down for two days after problems with a recently repaired component within it.  More »
(Brittany Sowacke/Bloomberg)

Three more oil service firms cutting hundreds of jobs, wages

Oil field service companies have announced more than 40,000 layoffs and oil producers have cut more than 5,000 jobs so far.  More »
(AP Photo/The San Antonio Express-News, Bob Owen)

Crude stores rise again

Commercial stores of crude oil grew by 7.7 million barrels to 425.6 million barrels, the highest level recorded in EIA data stretching back to 1982  More »
(AP Photo/Gerald Herbert, File)

Judge rejects BP appeal on cap for Gulf oil spill liabilities

Barbier said he hasn’t yet determined the actual amount of the civil penalty stemming from the Gulf of Mexico spill, which could run as high as $13.7 billion.  More »
( Brett Coomer / Houston Chronicle )

Citigroup sets $100 billion funding goal for green projects

The effort builds on an earlier goal to arrange $50 billion in deals that the bank set for itself in 2007 and achieved in 2013, three years ahead of schedule.  More »
EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

EOG: Delaying completions is “right business decision”

EOG Resources officials elaborated on their decision to dramatically pare back well completions in 2015, telling investors the move is “the right business decision.”  More »
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