Dow Chemical says local grid operator Texas New Mexico Power still isn’t providing reliable service. BP’s refinery and chemical plant, which run on an onsite power plant, also appear to be having problems. More »
In its quarterly earnings report BP appears to have shaken off the brunt of the financial effects from last year’s Deepwater Horizon disaster, but Loren Steffy writes that net income is an incomplete picture. More »
Egypt suspended natural-gas exports to Israel and Jordan for the second time this year after unidentified saboteurs blew up a monitoring room in a gas-distribution facility, the Oil Ministry said. More »
The swift rise in oil prices should produce a windfall for the petroleum industry. Exxon Mobil, Chevron and ConocoPhillips are expected to report this week a combined $18.2 billion in first-quarter earnings. More »
The Beijing-based company said its revenue for the three months that ended March 31 was about 48.5 billion yuan ($7.5 billion), up from 30.50 billion yuan a year earlier. The Chinese oil giant doesn’t release quarterly profit figures. More »
Refinery and power company officials are trying to piece together why several Texas City plants lost power, causing shelter-in-place warnings, Tuesday school closings and emissions from plant flares that lit the skies over the coastal town. More »
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