Fuel Fix

An oil pump jacks sits on a Osage County ranch in Oklahoma. (Mayra Beltran/Houston Chronicle)

Crude prices tank after oil supply added nearly 2 million barrels

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Categories: Crude oil, featured
Crude oil prices opened lower and continued to fall in Wednesday trading, as the markets parsed new data showing the oversupply of crude isn’t about to evaporate.

Crude prices tank after oil supply added nearly 2 million barrels

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Categories: Crude oil, featured
An oil pump jacks sits on a Osage County ranch in Oklahoma. (Mayra Beltran/Houston Chronicle)
Crude oil prices opened lower and continued to fall in Wednesday trading, as the markets parsed new data showing the oversupply of crude isn’t about to evaporate.
(Photographer: Andrey Rudakov/Bloomberg)

Shell moves forward on major Gulf of Mexico platform

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Shell said it authorized the major project after finding 20 percent in cost reductions and determining that it will produce a profit as long as the global benchmark for oil prices stays above $55 a barrel.

U.S. Department of the Interior  logo

Northeast Nevada eyed for more oil exploration

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Noble Energy officials say it may be as far as a decade away, but they’re confident they’ll be drilling for oil in northeast Nevada.
Categories: Exploration
Mexican lawmakers have passed legislation that will end a 75-year state monopoly on the energy industry.

Mexican energy plan would attract overseas investment

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The Mexican energy reform proposal released Saturday afternoon offers the critical terms sought by international investors, offering overseas companies the right to share in risks and rewards of Mexican exploration, an analyst said Sunday.

Ethane-molecule

Proposed ethane cracker faces tough review

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A proposed ethane cracker plant in Wood County likely would have to comply with a state regulation aimed at limiting greenhouse gas emissions from major industrial facilities.
Categories: Chemicals, Environment
(Photo: Loozrboy/Flickr)

Environmentalists, unions seek to fix gas leaks

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Unions and environmentalists unite in call to fix leaky old pipelines that threaten public health and the environment, a national effort that could cost $82 billion.
Categories: Environment, Natural gas
Oil Barrel

Oil near $98 as US economy shows improvement

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The price of oil inched toward $98 a barrel Monday after stronger U.S. hiring suggested demand for crude could increase.
Categories: Crude oil, Markets
Jeff Labay an oil and gas auditor and CPA at MaloneBailey who began his career on the oil field poses for a portrait outside his office, Wednesday, Dec. 4, 2013, in Houston. ( Michael Paulsen / Houston Chronicle )

Work on rig helps auditor drill into company books

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Many accountants would get lost in the plush garden of oil and gas acronyms, insider terminology and generally obscure language.
So would Jeff Labay — if his father hadn’t scooped him up more than a decade ago for a gig as a floor hand on an oil rig.
Categories: Finance/Earnings, People
Cheniere Energy already is expanding this LNG plant in Louisiana, but federal agencies are in conflict over plans for a Texas facility. (Cheniere Energy)

A head start lets Cheniere catch up

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Before Cheniere Energy became the darling of the energy industry — the company with the inside track to exporting America’s natural gas — there was failure.
Categories: featured, LNG, Markets, Premium