Fuel Fix

Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

ConocoPhillips to cut 10 percent of global workforce

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ConocoPhillips said Tuesday it is planning to cut roughly 1,800 employees, or 10 percent of its global workforce, in the next several weeks as it deals with low oil prices.

ConocoPhillips to cut 10 percent of global workforce

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Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)
ConocoPhillips said Tuesday it is planning to cut roughly 1,800 employees, or 10 percent of its global workforce, in the next several weeks as it deals with low oil prices.
permian basin

W&T Offshore to sell Permian assets for $376 million

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W&T Offshore has agreed to sell its stake in a West Texas oil field to a private equity start-up company for $376 million, the latest oil deal geared toward supporting a seller’s financial books amid cheap oil prices.
Categories: Crude oil, Deals, featured, Texas
A rig works in the Barnett Shale. (Enervest)

Texas RRC examiners: XTO well not clearly linked to quakes

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Though the recommendation awaits approval by the commissioners, it sets guidance on one of the most contentious issues to emerge from the oil and gas boom.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Government report: Gasoline prices won’t climb if U.S. exports its oil

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The EIA analysis also throws some cold water on the entire pro-export crusade, suggesting that widely selling U.S. crude abroad would do little to boost either domestic oil prices or production.
Categories: General, Politics/Policy

A map of Texas showing the state s transmission lines is a focal point in the control room of the Electric Reliability Council of Texas, which operates most of the state's power grid. (Ryan Holeywell/Houston Chronicle)

ERCOT expects Texas electric grid to hold up strong in fall, winter

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ERCOT’s seasonal assessments and early outlooks for October through February predict Texas’ grid reserves will maintain at least 3,500 megawatts of reserve power even in the most extreme peak demand and power station outage scenarios.
Welders work on a stretch of the Texas Express Pipeline  during construction in the Texas Panhandle in April, 2013. The company's owners said Oct. 31, 2013, that the natural gas liquids pipeline had begun carrying products from Skellytown in Carson County to processing and storage facilities in Mont Belvieu, about 30 miles east of Houston. Houston-based Enterprise Products Partners operates the pipeline, and co-owns it with  Enbridge Energy Partners, Anadarko Petroleum, and  DCP Midstream Partners.

Navitas Midstream buys DCP pipes

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The deal will send about 1,000 miles of natural gas gathering pipelines and 60-million cubic foot processing plant from Denver-based DCP Midstream to The Woodlands-based Navitas.
(SAMAD/AFP/Getty Images)

Slowdown in Chinese manufacturing erases crude’s gains

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After a three-day rally, oil prices resumed their fall Tuesday, pulled down by fresh fresh news about economic weakness in China that also dragged down the overall stock market.
Categories: Crude oil
A very large smokestack flare burns off flammable product after an explosion in a processing facility at the ExxonMobil refinery in Torrance, Calif. on Wednesday, Feb. 18, 2015. A small ground fire was quickly extinguished and the facility's flare system was triggered for safety reasons. Two workers suffered minor injuries. (AP Photo/Daily Breeze, Chuck Bennett)

Ramp up delayed for Exxon Mobil’s Torrance refinery

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A hearing set for Wednesday morning was delayed.
conoco

ConocoPhillips starts up deep oil sands project in Canada

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ConocoPhillips says it’s bringing up its first barrels of oil in a large Canadian oil sands project that has been under construction for five years.
Categories: Canada, Crude oil