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.”

(AP Photo/Lisa Poole, File)

Phillips 66 income rises on increased exports

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Increased exports of refined petroleum products and improved U.S. crude price differentials drove Phillips 66’s profit up 17 percent in the fourth quarter, the company said Wednesday.
(AP file photo)

Environmentalists cringe as Obama touts oil and gas

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President Barack Obama celebrated “booming” U.S. oil and gas production during his fifth formal State of the Union address Tuesday night, delivering a blow to environmentalists worried the president isn’t doing enough to combat climate change.

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Obama’s natural gas boost wins applause, jeers on social media

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Natural gas was the clear winner in President Barack Obama’s fifth State of the Union address, delivered Tuesday evening. Both environmentalists and boosters of the oil and gas industry took to Twitter to giver their takes
The red-handled gas pump signifies 100 percent gasoline at the BG Jr. gas station in Vicksburg,  Miss. (AP Photo/The Vicksburg Evening Post)

Texans push feds to change biofuel quotas

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From Democratic Rep. Joaquin Castro to a Fredericksburg RV enthusiast, Texans are weighing in on the Obama administration’s proposal to slash the amount of biofuels that must be blended into the nation’s gasoline supply.
This drilling rig is working in the South Texas Eagle Ford where EOG Resources had been active.  Photo: Courtesy Photo / HC

Houston companies scored major stock gains in 2013

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Companies that invested in North American oil plays were rewarded with big stock gains in 2013, even as the largest energy companies saw little change in their value overall, according to a new report from the research firm IHS.
Petroleos Mexicanos oil platforms in the Cantarell oil field in the Gulf of Mexico.  (Photo: Pemex/Bloomberg)

Mexico energy reform could bring $1.2 trillion to border towns

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As Mexico moves to open its energy sector to international companies, the new investments and increased activity could mean a bonanza for border towns on both sides, attracting as much as $1.2 trillion in economic activity to the region in the next decade, according to a BBVA Compass economist.
Categories: Latin America

Energy Water Solutions recycling Eagle Ford water for EP Energy

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  Houston-based Energy Water Solutions is recycling water for Eagle Ford Shale operator EP Energy, the company announced Tuesday. The movable water recycling facilities are cleaning produced water – which comes up alongside the well with oil and gas – so that it can be used for hydraulic fracturing. Energy Water Solutions said that the […]
Categories: Uncategorized