Fuel Fix

(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

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The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.

Getting a glimpse of Exxon Mobil’s new campus

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(Jordan Blum/Houston Chronicle)
The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil industry needs half a trillion dollars to endure price slump

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If oil stays at about $40 a barrel, the shakeout could be profound.

Shell's Perdido oil and natural gas platform  located  200 miles off the coast of Texas in the Gulf of Mexico (Melissa Phillip / Houston Chronicle )

Feds will wait til March to open sealed Gulf bids

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Oil companies that hope to nab new drilling leases near the U.S.-Mexico boundary in the Gulf of Mexico will have to wait a little longer to see if they were successful.
(Image: Fotolia)

Oil falls for first time this week

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Crude still finished the week with a gain of more than 2 percent.
Categories: Crude oil
(Sascha Burkard)

New forecast challenges views on Texas electricity crunch

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Calculations based on new data challenge the notion that Texas’ growing population soon will overtax its electric power grid.
Categories: Electricity
Barry Rosenstein, founder and managing partner of JANA Partners LLC. (Daniel Acker/Bloomberg)

Investor to push Cameron to sell more assets

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Barry Rosenstein’s hedge fund thinks Cameron International could outperform several oil-field service peers if it prunes its portfolio and sells off more assets.
Welders work on a joint between two sections of pipe during construction of Keystone XL's southern leg in Prague, Oklahoma. (Daniel Acker/Bloomberg)

GOP senators demand decision on Keystone XL

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Republican senators on Friday asked President Barack Obama to make a final decision soon on whether to permit the Keystone XL pipeline that would link Canada’s oil sands with Gulf Coast refineries.
A Phillips 66 refinery. (Phillips 66)

Obama supporters defend go-slow approach on refiners

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Obama administration supporters are defending the White House’s decision to move on a slower track to limit refiners’ greenhouse gas emissions, while focusing on reining in the carbon dioxide coming from the nation’s power plants.

American Midstream’s $100 million Eagle Ford buy

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American Midstream Partners LP is purchasing a 120-mile natural gas gathering and redelivery system in the Eagle Ford Shale from a subsidiary of Penn Virginia Corp. The system is in Gonzales and Lavaca counties and has a purchase price of around $100 million. American Midstream will enter into a fee-based gathering agreement with Penn Virginia, […]
Categories: Uncategorized