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.”

(AP Photo/Skagit Valley Herald, Scott Terrell)

Train explosions prompt regulator warning on Bakken oil flammability

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Oil moving out of the booming Bakken Shale play in North Dakota and Montana may be more flammable than traditional heavy crude oil, the nation’s pipeline regulator warned Thursday.
Categories: Crude oil, Pipelines
Kurt Mix arrives at the Hale Boggs Federal Building in New Orleans in December 2013. (AP Photo/Jonathan Bachman)

Former BP engineer alleges jury misconduct

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Kurt Mix was convicted Dec. 18 of one count of destroying evidence.
Categories: Gulf oil spill

Texas oil production highest in three decades

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Texas crude oil production has reached its highest level since the U.S. Energy Information Administration started tracking it in the early 1980s. In July, Texas produced around 2.602 million barrels daily. By October, that daily crude production was 2.752 million barrels. The last time crude production was anywhere close to that level was in January […]
Categories: Uncategorized
U.S. Sen. Max Baucus, D-MT  (Chip Somodevilla/Getty Images)

Senate tax plan spares big oil industry deduction

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Although Sen. Max Baucus has taken aim at a host of tax deductions cherished by the oil and gas industry, one big deduction has stayed out of his crosshairs.
Categories: Politics/Policy
(Image: Fotolia)

Oil price falls below $96

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The price of crude dropped 3 percent.
Categories: Crude oil, Gasoline
President and co-founder, Nebolisa Egbunike speaks at a Subsea Engineering Society general meeting at the University of Houston, Thursday, Nov. 21, 2013, in Houston. The University of Houston has started a new subsea master's degree, and Egbunike, along with Michael Ogiefor founded the society to help students connect with industry. (Cody Duty / Houston Chronicle)

UH subsea society seeks to rise to the top

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Two men from a University of Houston engineering program are not content to ride the wave of the school’s new subsea program — they are working hard to put it on the map as a dynamic new offering to the energy industry.
Categories: Offshore, Premium, Workforce
(Courtesy of LyondellBasell)

LyondellBasell restarts Texas plant amid cheap natural gas

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LyondellBasell has restarted a chemical plant that had been dormant for a decade, inspired to make the change because of low natural gas prices, the company said Thursday.
Categories: Chemicals, featured