(RJ Sangosti/The Denver Post via Getty Images)

Fitch: More capital budget cuts coming in 2016

The ratings agency’s report gave the oil and gas sector a negative outlook for 2016.
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake investors seen signaling surrender as bonds plunge

Chesapeake is making investors worry about its ability to pay back borrowings that are three times the current worth of its oil and natural gas fields.
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Rock Energy targeted for board shakeup by activist FrontFour

The changes are necessary “in order to effect immediate and significant changes to the board in order to preserve and enhance shareholder value,” FrontFour said in a statement Thursday.
(Jerry Lara/San Antonio Express-News)

Dallas Fed CEO says crude glut could persist until 2017

The state’s unemployment rate at 4.3 percent remains well below the 5 percent national average, even as oil and gas companies curtail spending plans and shrink their payrolls.
An employee stands near oil pumping gear, also known as nodding donkeys or pump jacks, at an oil plant operated by MND AS in Uhrice, Czech Republic, on Monday, March 23, 2015. Oil rose as the dollar weakened for a third day, making commodities priced in the U.S. currency more attractive to investors. Photographer: Martin Divisek/Bloomberg

Analyst: Oil and gas companies burning through cash amid crude crunch

FindTheCompany showed that across all U.S. businesses, oil and gas producers had among the shortest strings on their budgets following the second quarter of 2015.
(Ken James/Bloomberg)

Struggling SunEdison in cost-cutting mode as it seeks profitability

SunEdison quickly grew into the world’s largest renewable energy developer and is building a handful of solar and wind farms in West Texas and the Panhandle.
Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Marathon Oil to shed 200 jobs, restructure upstream business

The move shuffles Houston-based Marathon’s Bakken Shale, Eagle Ford Shale and Oklahoma assets into one division.
The Maersk Developer drills an exploratory well into Statoil's Martin prospect in the Gulf of Mexico. (Jennifer A. Dlouhy / Houston Chronicle)

Maersk oil profit sank 86 percent last quarter

Maersk Line said on Nov. 4 it will cut as many as 4,000 jobs, scale back capacity and delay investments to cope with a weaker container market.

EOG Resources posts $4.1 billion loss on impairment

EOG Resources Corp.’s oil production sank in the third quarter and it lost $4.1 billion, largely because it wrote down the value of large but older oil property.
Transocean's Deepwater Asgard arrived in the Gulf of Mexico in April 2015 to work under a two-year contract with Chevron. (Chevron)

Transocean will reduce fleet to meet tough market

The world’s largest offshore operator is also cutting back its workforce and consolidating most of its support functions in Houston.