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.

Enrique Pena Nieto, Mexico's president, speaks in Mexico City in August 2013. (Susana Gonzalez/Bloomberg)

Mexico Senate proposal: broadly open country’s oil sector to private firms

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The proposal goes much further than the plan introduced by President Enrique Pena Nieto in August, which only allowed profit-sharing agreements but not arrangements for sharing oil.
The Conoco oil refinery in Rodeo, Calif.,  at sunset. (AP file photo/Rich Pedroncelli)

Big Oil anticipates 10-fold surge in carbon cost

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International oil producers are girding for carbon emission costs that may surge to almost 10 times the current prices in Europe, the world’s largest greenhouse gas market, as governments around the world step up efforts to curb climate change

Crewmen bend a piece of pipe on a site for TransCanada's Keystone XL project in Wood County, Texas. (Cody Duty / Houston Chronicle)

Keystone backers await report vital to pipeline’s fate

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Supporters and foes of TransCanada Corp.’s Keystone XL pipeline are bracing for the release of an environmental analysis from the U.S. government that could determine the $5.4 billion project’s fate.
David Khemakhem, energy and technology advisor for ExxonMobil, speaks to a luncheon audience at the IIT 2013 Global Conference in Houston. (Emily Pickrell/Houston Chronicle)

Population growth will drive energy demand higher, expert says

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The world is becoming more efficient in how it uses energy, but growing economies and an ever increasing world population will still mean an overall growing demand for energy in the coming decades, an industry expert said Saturday.
Categories: Asia, Electricity
Former Mexico President Vicente Fox speaks with the Houston Chronicle on Dec. 6, 2016. (For the Chronicle/Gary Fountain)

Former Mexican president predicts success for proposed energy overhaul

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Former Mexican President Vicente Fox is optimistic that the nation soon will approve an overhaul of the country’s nationalized energy sector to allow needed outside investment.

Eagle Ford industry awards next week

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The South Texas Energy and Economic Roundtable will hold its first Eagle Ford Excellence Awards on Wednesday. The awards will recognize companies and contractors working in South Texas for environmental stewardship, safety and community and social investment. The awards presentation is at the Jack Guenther Pavilion at the Briscoe Western Art Museum. Master of ceremonies […]
Categories: Uncategorized

The Dallas Fed talks oil patch

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The latest Beige Book from the Dallas Fed is out, and here’s what it says on everything having to do with the oil field. On the labor market – it’s a good time to work in at refining and petrochemical plants: “Refining and petrochemical contacts reported extreme difficulty finding engineers and construction laborers for current […]
Categories: Uncategorized