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.”

Offshore oil drilling platform 'Gail' operated by Venoco, Inc., is shown off the coast of Santa Barbara, Calif. (AP Photo/Chris Carlson)

EPA to require offshore fracturing reports for S. California

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Records indicate hydraulic fracturing has occurred off Southern California since the late 1990s with mixed success.
Wrecked oil tankers and debris from a runaway train are piled up following a deadly explosion in Lac-Megantic, Quebec, Canada in July 2013. (AP Photo/Surete du Quebec, The Canadian Press)

Senators: More scrutiny needed after train explosions

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Leading Democratic senators said the Obama administration needs to step up its scrutiny of safeguards governing oil transport, following train derailments and explosions.

Oil Barrel

Oil falls to 8-month low; natural gas drops 5 percent

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Traders worried about bulging supplies of crude oil and falling demand for gasoline.

Santrol opens its seventh Eagle Ford terminal

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Santrol opened its seventh Eagle Ford Shale terminal at the new 320-acre Southton Rail Yard just south of San Antonio’s city limits. The Southton terminal will serve the north and central parts of the shale field, the company announced. Santrol is part of the Ohio-based Fairmount Minerals, which says it now has more than 50 terminals […]
Categories: Uncategorized
A Sanchez Energy well in the Eagle Ford Shale. (Sanchez Energy)

Eagle Ford led energy deals in 2013, despite national decline

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The Eagle Ford Shale was home to $8.8 billion in upstream oil and gas deals in 2013, the largest value in the country, according to a new PLS report.
Categories: Deals, Eagle Ford, featured
Kurt Mix arrives at the Hale Boggs Federal Building in New Orleans in December 2013. (AP Photo/Jonathan Bachman)

Lawyers chided for contacting jurors after spill trial

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Kurt Mix’s attorneys have said they interviewed some jurors after the verdict and found evidence of juror misconduct.

Categories: Gulf oil spill
(AP Photo/Matthew Brown)

Upstream spending spree to slow in 2014

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New projects have been the focus of major energy companies during the shale boom, with producers buying up large swaths of acreage, but upstream companies won’t be looking to continue that spending spree in 2014, according to an analysis from Deloitte.
Categories: Crude oil, Shale, Workforce