Fuel Fix

(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.”

Shell to ax thousands of jobs amid $7 billion in spending cuts

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(Photographer: Andrey Rudakov/Bloomberg)
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.”
Anadarko Petroleum Corporation CEO Al Walker, gives a speech after his company won top ranked large employer during the Houston Chronicle's Top Workplaces Awards Gala, Thursday, Nov. 8, 2012, in Houston. (Nick de la Torre/Houston Chronicle)

Anadarko CEO: Outlook still uncertain for shale comeback

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Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.

Shell plans to use the Transocean Polar Pioneer, shown here in Dutch Harbor, Alaska,  to drill in the Chukchi Sea. (Photo: Bureau of Safety and Environmental Enforcement)

Shell forges ahead in Arctic with exploratory well

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Shell Oil Co.’s first test is excavating a 20-foot wide, 40-foot deep cavern in the seabed that can shelter an emergency device known as a blowout preventer from passing icebergs.
Categories: Arctic
(AP Photo/Lisa Poole, File)

Phillips 66 takes lead on Texas-to-Louisiana pipeline joint venture

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The pipeline will connect to systems from the Texas’ Permian Basin, Eagle Ford Shale, East Texas, the Texas Panhandle and southern Oklahoma.

(Bill Montgomery/Houston Chronicle)

Power to Choose will help consumers filter out electricity plans charging “minimum use fees”

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So the Public Utility Commission of Texas will add an online filter to help consumers weed out such plans on the state’s Power to Choose website. Many of the seemingly cheapest plans include minimum use fees that increase rates when customers go above or below certain levels of electricity usage each month.
An activist hangs from the St. Johns bridge in Portland, Ore., Wednesday, July 29, 2015, to protest  the departure of Royal Dutch Shell PLC icebreaker Fennica, which is in Portland for repairs.  The icebreaker is a vital part of Shell's exploration and spill-response plan off Alaska's northwest coast.  Greenpeace officials say  the activists have enough water and food to last for days, and can hoist themselves to allow other marine traffic to pass. (AP Photo/Don Ryan)

U.S. judge rules Greenpeace in contempt for Oregon protest

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There was no sign that the protesters were about to leave Portland after the ruling in Anchorage by U.S. District Court Judge Sharon Gleason that Greenpeace is in civil contempt.
Categories: Arctic, Environment
Sen. Lisa Murkowski (R-Alaska), chair of the Senate Energy and Natural Resources Committee, leads a hearing on the Keystone XL pipeline, in Washington, Jan. 8, 2015. (Jabin Botsford/The New York Times)

Senate panel passes bill lifting crude oil export ban

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Republican Lisa Murkowski of Alaska, chairman of the panel, championed the plan to lift the restrictions. It passed by a party-line vote of 12-10.
A crew works on a gas drilling rig at a well site for shale based natural gas in Zelienople, Pa. (AP Photo/Keith Srakocic)

Pioneer Energy reports quarterly loss

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The San Antonio-based company attributed the decline to reduced drilling activity and pricing as a result of lower oil and gas prices.
Categories: Finance/Earnings
Oil field workers in 2012  drill into the Gypsum Hills near Medicine Lodge, Kan.   U.S. Steel said Tuesday it will lay off about 750 employees from two plants that make tubular steel, which is used in oil and gas drilling(AP Photo/Orlin Wagner, File)

Commentary: Finding agreement between “frenemies” — oil field services and integrated oil companies

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A Rice University professor wants to heal the divide between integrated and oil field services companies over pricing, technology, procurement and more.
Categories: Oil field services