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.

Harold Hamm and ex-wife Sue Ann Arnall at the the TIME 100 Gala on April 24, 2012 in New York City.  (Photo by Kevin Mazur/WireImage for TIME)

Ex-wife of Continental Resources CEO sues over investment

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The lawsuit by Sue Ann Arnall alleges the $4.5 million sale in 2005 of the parent company and sole shareholder of Jolette Oil to Continental Resources was below market value. It asks for damages in excess of $10,000.
Categories: Finance/Earnings
In this July 13, 2015 photo, protesters gather outside the U.S. Oil Sands commercial tar sands operation, in the Book Cliffs, in eastern Utah. On a remote Utah ridge covered in sagebrush, pines and wild grasses, a Canadian company is about to embark on something never before done commercially in the United States: digging sticky, black, tar-soaked sand from the ground and extracting the petroleum. (AP Photo/Rick Bowmer)

1st U.S. tar sands mine set to open for business in Utah

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The impending opening of the nation’s first tar sands mine has become another front in the battle across the West between preservationists and the energy industry.
Categories: Environment, Production
LyondellBasell CEO Bob Patel poses for a portrait at the LyondellBasell Channelview Chemical Company plant Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

LyondellBasell looking at Texas sites for new chemical plant

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Speaking at the company’s sprawling Channelview complex where LyondellBasell will start up 250 million pounds of new ethylene capacity near the end of September, Patel said an announcement likely will come later this year on adding more production of polyethylene, which is the most common type of plastic.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Oil exports could mean more production — and pollution

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The report from the liberal Center for American Progress is the first to broadly examine the environmental consequences of a big shift in U.S. oil trade policy, coming as Congress nears a vote on whether to lift the 1970s-era ban.
(Photo by Eddie Seal for Bloomberg News)

US oil rigs increase by two as drillers prop up vertical units

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U.S. drillers put two oil rigs back to work this week, Baker Hughes said Friday, marking the rig count’s fifth consecutive weekly gain.
(David Paul Morris/Bloomberg)

Chevron starts layoffs at Louisiana office

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Chevron spokesman Chris Merrifield said in an email to NOLA.com/The Times-Picayune the company has started to reduce the workforce at its Covington office, but he was “not in a position to provide detail” on the severity of the cuts.
Categories: Crude oil, Workforce
(AP Photo/Charles Rex Arbogast, File)

Oil breaks $40 barrier for first time in six years

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Fears that China’s economy may be sputtering and signals that global production is on the rise have driven oil lower for the past seven weeks, and barring a large recovery Friday, soon to be eight weeks.
Categories: Crude oil, featured, Markets