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.”

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Anadarko unit pushes court to slash billions from its liability in Tronox case

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Investors boosted Anadarko Petroleum’s market value by $1.4 billion on Tuesday, a day after the company’s Kerr-McGee unit pushed back on a federal court’s ruling that it owes up to $14 billion in environmental and tort liabilities.
Crewmen work a site for TransCanada's Keystone XL project in Wood County, Wednesday, Oct. 24, 2012, in Winnsboro. (Cody Duty / Houston Chronicle)

Consumers, Environment Benefit from Efficient Infrastructure

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Our nation’s infrastructure is no longer able to efficiently deliver energy to our nation’s consumers. Bottlenecks and aging systems result in efficiency losses, driving up the ultimate cost to the consumer. Identifying the root of the problem isn’t hard. We know excess oil in North Dakota or wind power in Iowa does not have sufficient […]

(AP file photo)

Analyst predicts world’s next shale boom — and it’s not China

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While companies have eyed shale development in China, lured by the prospect of huge reserves and easy financing, the world’s next major shale boom is likely to come from another country, according to a new analysis.
Categories: featured, Shale
The sun shines over a Range Resources well site in Washington, Pa. (AP Photo/Keith Srakocic, File)

Natural gas futures soar on forecasts for record stockpile drop

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Natural gas futures surged the most in 16 months on speculation that government data will show a record decline in U.S. stockpiles of the heating fuel as cold weather boosts demand.
Categories: Natural gas, Weather
Sen. Lisa Murkowski, R-Alaska, speaks to reporters during President Barack Obama's State of the Union speech in 2011. (AP Photo/Charles Dharapak)

Senator: Obama should lift oil export ban, even without Congress

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Sen. Lisa Murkowski is doubling down on her pitch for the U.S. to reverse a 39-year-old ban on exporting American crude. In a letter to President Barack Obama on Tuesday, the Republican from Alaska insists that the administration must ease the restrictions soon.
(Photo: Kate Ter Haar/Flickr)

Power crisis costs haven’t hit home

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The price tag for the crisis last week that almost forced operators to shut off power to parts of the Texas grid isn’t likely to show up on your next electric bill. But traders say the close call produced market conditions that eventually could hit consumers.
Categories: Electricity, Premium, Weather
A jar holding waste water from hydraulic fracturing is held up to the light at a recycling site in Midland, Texas. (AP Photo/Pat Sullivan)

Lab study cuts fracking waste’s radioactivity

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Researchers believe they have found an unlikely way to decrease the radioactivity of some hydraulic fracturing wastewater: Mix it with the hazardous drainage from mining operations.