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.”

(Associated Press)

Republicans on climate panel want more time

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After a state climate panel missed a deadline to deliver recommendations on reducing carbon emissions in Washington state, two Republican members on the group said Wednesday they want another year to study the economic costs of proposals.
(Rice University photo)

Unforeseen US oil boom upending markets worldwide

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The U.S. oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets and challenge producers in the Middle East and South America.

The Valero Three Rivers Refinery in Three Rivers, Texas between San Antonio and Corpus Christi refines a lot of oil from the Eagle Ford shale. (Photo: John Davenport, San Antonio Express-News)

Refiners plot against oil exports

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While refiners currently enjoy a discount on domestic crude — which is priced well below the international benchmark — that scenario could disappear with broad oil exports.
Former FBI Director Louis Freeh.  (Associated Press)

Freeh asks judge to rescind oil spill award

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Former FBI director Louis Freeh recommended that a judge rescind the award and order any lawyer who profited from the settlement to pay restitution.
Categories: General, Gulf oil spill
Fire burns on the horizon at the scene of a train derailment near Plaster Rock, New Brunswick on Wednesday Jan. 8, 2014. A freight train carrying crude oil and propane derailed and caught fire in a sparsely populated region of New Brunswick late Tuesday, leading to the evacuation of about two dozen nearby homes, authorities said. (AP Photo/The Canadian Press, Tom Bateman)

Train carrying oil derails, catches fire in Canada

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Officials in Canada said a derailed freight train carrying crude oil and propane continued to burn Wednesday morning, while they prepared to launch aerial surveillance and more than 100 residents remained evacuated from their homes. There were no deaths or injuries.
Categories: Accidents, Crude oil
A fireball goes up at the site of an oil train derailment Monday, Dec 30, 2013, in Casselton, N.D. The train carrying crude oil derailed near Casselton Monday afternoon. Several explosions were reported as some cars on the mile-long train caught fire. (AP Photo/Bruce Crummy)

Oil by rail poses ‘ridiculous threat’, former North Dakota governor says

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Former North Dakota governor and Casselton native George Sinner wants new regulations placed upon railroads that transport crude oil from the state.
Categories: Accidents, Crude oil
Former Alaska Gov. Sarah Palin (AP file photo/Ed Andrieski)

Oil companies drive Alaska crude comeback as Palin tax dies

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BP Plc and ConocoPhillips, looking to benefit from the repeal of an Alaska oil tax championed by Sarah Palin when she was governor, are chasing enough crude to end the state’s two-decade-long slump in production.
Categories: Arctic, Crude oil