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.”

Bills and Invoices

Home heating bills to rise up to 5 percent

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Rising natural gas prices will boost home heating bills for Houston area residents by up to 5 percent in February, according to data from CenterPoint Energy.
Categories: Natural gas, Weather

What GlobalData predicts for major Eagle Ford operators

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The research and consulting firm GlobalData expects companies to  invest around $30 billion in the Eagle Ford Shale this year. Here’s a breakdown of how GlobalData sees some of the major players in the field: The firm says ConocoPhillips has “some of the best acreage in the play” and will hit peak production in the […]
Categories: Uncategorized

(AP Photo/Brennan Linsley)

Natural gas breaks $5 mark on winter demand

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Natural gas prices moved past $5 per million British thermal units on Friday, reaching a level not seen in years amid a winter chill that has pushed up demand for the fuel.
A fire at a biodiesel facility near New Albany, Miss., burns Wednesday, Jan. 22, 2014.  The fire was so hot that firefighters could not get close enough to fight it, the Mississippi Highway Patrol said. The plant is located near New Albany on Mississippi Highway 15, which has been closed to traffic. Firefighters are letting it burn out. (AP Photo/The New Albany Gazette, Angie Barmer)

Crew extinguishes Mississippi plant fire

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The fire, put out about 7:30 p.m. Thursday, had been burning since early Wednesday at the plant near New Albany, but no injuries were reported. There were also at least three explosions at JNS Biofuels, formerly known as North Mississippi Biodiesel.
Categories: Accidents, Biofuels
(Mr. T in DC/Flickr)

Texas grid smoothly weathers its way through freezing temperatures

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About three weeks ago, a capacity shock nearly caused blackouts during a cold snap – this time, rigorous preparations appear to have paid off: the Texas grid hummed along this morning with ample capacity and reserves, even as early morning Houston temperatures still hover around freezing.
Categories: General
An ERCOT worker mans a desk in the Texas electric grid manager's Austin control room. (Photo: ERCOT/Tom Reel)

Debate on revamping Texas grid delayed

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Texas regulators put off further discussions on modifying the electricity market until mid-May.
Solar panels are installed in Arlington, Ariz.  (AP Photo/Ross D. Franklin, File)

European green energy fears losing investments on ‘weak’ targets

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Wind and solar power producers said they’re at risk of losing investment after the European Union’s executive arm scrapped proposals for a mandatory target on renewable energy in 2030.
Categories: Europe, Solar, Wind