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.”

Welders work on a joint between two sections of pipe during construction of Keystone XL's southern leg in Prague, Oklahoma. (Daniel Acker/Bloomberg)

Canadian musician targets Keystone pipeline in anti-oil sands tour

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Canadians need constructive dialog about energy matters based on facts rather than “ill-informed opinions and inflammatory rhetoric from protest-anthem rock stars,” the Canadian Association of Petroleum Producers said in a statement about the tour.
Categories: Canada, Keystone XL

Some Key Takeaways from BP’s Latest Outlook to 2035

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Here are the key observations and takeaways from BP’s recently released 20-year forecast on global energy.

General Electric Co. CEO Jeff Immelt (right) waits for the start of the company's annual shareholders meeting in Erie, Pa. in 2008. (AP Photo/Tony Dejak, file)

GE to buy Cameron compressor business for $550M

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General Electric wants to stamp its iconic logo on more equipment used in North American shale plays and downstream operations.
Categories: Deals, Shale
(martinluff/Flickr)

Surge in quakes near Cushing storage hub doesn’t worry oil companies

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One or two earthquakes could be felt near Cushing prior to 2009, according to an Oklahoma seismologist. Now it is more like dozens a month.
(Photo: freegreatpicture.com)

Gas exporters group discussed forming a bank, new head says

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The new head of the group s seeking to foster closer cooperation just as international rivalry increases.
Categories: LNG, Middle East
Warren Lasher, director of system planning for the Electric Reliability Council of Texas (Emily Pickrell/Houston Chronicle)

Lights stayed on during grid alert

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An unexpected power plant malfunction put the Texas grid on emergency footing Saturday morning for the second time this month, but measures to reduce demand helped prevent power disruptions.
Categories: Electricity
Headquarters of the state-run energy company China National Offshore Oil Corp. (Cnooc) in Beijing. (AFP/AFP/Getty Images)

Cnooc’s 2014 output growth target falls short of goal

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Cnooc Ltd., China’s biggest offshore oil and gas producer, estimated it will increase output by as much as 5.6 percent this year, less than the targeted average for the five years through 2015.
Categories: Asia, Production