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

on
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

on
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

on
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.”

This  April 17, 2015 file photo, with the Olympic Mountains in the background, a small boat crosses in front of an oil drilling rig as it arrives in Port Angeles, Wash., aboard a transport ship after traveling across the Pacific.  (Daniella Beccaria/seattlepi.com via AP, File)

Damaged Shell icebreaker arrives in Oregon for repairs

on
Environmental activists in Portland are protesting the arrival of the Fennica, a vessel that Royal Dutch Shell plans to use in its Arctic offshore drilling project after it’s repaired.
(Photographer: Eddie Seal, Bloomberg)

Return to drilling sends rig count up by 21

on
U.S. drillers put more oil rigs to work this week than they have since last April, according to Friday’s Baker Hughes rig count.
Categories: Crude oil, featured

A wind farm under construction off the southeast side of Block Island R.I., July 21, 2015. A few miles off the coast, a small flotilla has been gathering: crane vessels, tugboats and barges that began this week installing the 840-ton foundations of the nation’s first commercial-scale offshore wind farm. (Gregg Vigliotti/The New York Times)

First U.S. offshore wind farm raises hopes for industry revolution

on
While there’s plenty of potential energy to harness, offshore wind has been mostly stymied by high costs. Onshore turbines are some of the cheapest sources of electricity, with an average cost of about $85 a megawatt-hour, according to data compiled by Bloomberg. Coal costs about $90.
Categories: Wind
NuStar Energy LP has invested millions of dollars to transform the only refinery in San Antonio’s city limits, which was once owned by AGE Refining. Photo: Photo By Robin Jerstad/Special T / SA

NuStar Energy’s net income declines

on
Pipeline partnership NuStar Energy LP on Friday reported second-quarter 2015 net income applicable to limited partners of $42.4 million, or 54 cents a unit, compared with $43.6 million, or 56 cents a unit, for the same period a year ago.
Categories: Crude oil

Commentary: U.S. Energy Exports Are Fundamental Global Energy Security

on
Very rarely does Congress put the level of effort and attention into one topic as they have in debating domestic energy exports. But rightfully so. The shale oil and natural gas revolution has dramatically changed the U.S. energy portfolio in ways most could not have predicted and our current policies tuned to the notion of […]
Categories: featured, General, p2
A Cabot Oil & Gas Corp. natural gas drilling rig operates in the Marcellus Shale in Pennsylvania. (Cabot Oil)

Cabot CEO: “Better days ahead” after second-quarter loss of $27.5 million

on
Stubbornly low natural gas prices caused Cabot Oil & Gas Corp to lose $27.5 million in the second quarter, but a new pipeline in the works should help the company more easily move its gas to market and fetch better prices, CEO, Chairman and President Dan Dinges said Friday.
Categories: featured, Natural gas
An oil tanker, right, cruises past a new liquefied natural gas tanker at the Cheniere terminal in Cameron Parish, La. (Michael Stravato/The New York Times)

Flotilla of European gasoline tankers fuels U.S. driving binge

on
Surging demand and rising prices for gasoline in the U.S. are luring about double the number of tankers compared with 2014, boosting shipping rates to the highest seasonal levels in seven years.
Categories: Gasoline