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.”

United Parcel Service Inc. (UPS) employee Eric Brooks pulls away after making a delivery in Washington, D.C. (Andrew Harrer/Bloomberg)

UPS putting $50M on more natural gas

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UPS will spend $50 million to build nine new liquefied natural gas refueling stations over the next year, including one in Houston, the company said this week.
(AP Photo)

Jury absolves BP in gas leak trial

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A massive release of noxious gas from a former BP refinery in Texas City caused no harm or nuisance to three people who lived nearby, a Galveston County jury said Tuesday.
Categories: Legal issues, Refining

David Devine, president of central regional natural gas pipelines for Kinder Morgan. (Photo courtesy Interstate Natural Gas Association of America)

Kinder Morgan exec: Pipeline grid needs realignment

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Surging oil and gas production in new areas across the United States creates fresh opportunities and challenges for companies operating a labyrinth of North American pipelines built decades before the current drilling boom, said Kinder Morgan executive David Devine.
Robert Phillips, CEO of Crestwood Midstream Partners

Crestwood to buy Arrow Midstream Holdings for $750 million

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Crestwood Midstream Partners on Thursday struck a $750 million deal to buy an oil and gas gathering systems operator in North Dakota’s Bakken Shale.
Categories: Deals, Shale
(AP Photo/Evan Vucci)

Energy industry beginning to feel shutdown’s bite

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As the federal government shutdown enters its 10th day with scant hope for a speedy resolution, the energy industry is just beginning to feel the pinch.
Categories: Politics/Policy
(Xinhua/Liu Xiao)

Citibank: Renewables will get bulk of world’s new power investment

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Renewable energy will make up more than 70 percent of investment in new power generation by 2025, a Citibank report said Thursday.
Categories: Electricity, Solar
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

US attorney: 12 indicted in Bakken drug ring

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A dozen people have been indicted on federal charges alleging they were involved in a ring that distributed methamphetamine in the Bakken oil patch along the North Dakota border, and in other cities and towns across Montana, authorities said.
Categories: Crude oil, Workforce