LyondellBasell CEO Bob Patel poses for a portrait at the LyondellBasell Channelview Chemical Company plant Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

LyondellBasell’s revenues dip by 31 percent, but earnings stay steady

LyondellBasell is planning to spend up to $4 billion in capital through 2020 along the Gulf Coast, mostly in Texas.
Flags fly outside Dow Chemical Co. headquarters in Midland, Michigan, U.S., on Wednesday, Dec. 9, 2015. Dow Chemical Co. and DuPont Co., two historic giants of American industry, are considering a merger that would ultimately dismantle both along lines proposed by activist investors over the past two years. Photographer: Jeff Kowalsky/Bloomberg

Dow reports increased income, job cuts as DuPont merger looms

Dow, the largest employer in Brazoria County, is planning to merge into the newly formed DowDuPont by the end of the year.

Tesoro misses expectations

Tesoro, which operates six refineries in the western U.S., generated $1.5 billion in profits for 2015, up from $872 million in 2014.
Categories: General, Refining
frame full of pink slips, layoff notices, etc.

Energy companies detail hundreds more layoffs

Texas oil and gas companies told state regulators they’d cut 915 jobs last week, as the industry continues to struggle amid low prices.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Industry study predicts Gulf drilling plummet from safety rule

Announced last April by Secretary of the Interior Sally Jewel, the rule would tighten standards on blowout preventers – the device that failed in the case of Deepwater – as well as put more controls on how companies drill and monitor wells deep under the surface of the ocean.
CenterPoint Chief Operating Officer Scott Prochazka has been named CEO, effective Jan. 1, 2014. (photo: CenterPoint Energy)

CenterPoint considers selling its pipeline business

The Houston-based power line and electric distribution company also said it is considering converting all or part of its utility businesses into a real estate investment trust, or REIT, business model that’s rare for the energy sector.
(AP Photo/Casper Star-Tribune, Robert Hendricks)

Wyoming sees oil and gas jobs drop by 5,400 in 2015

The current downturn in Wyoming’s energy industry so far has not reached the severity of the bust that hit the state in the mid-1980s.
Categories: General

Democratic U.S. Sen. Bob Menendez stands behind a Protect Our Coast sign, as he addresses a large rally opposing federal plans that would allow oil and gas drilling in the Atlantic Ocean, Sunday, Jan. 31, 2016, in Asbury Park, N.J. U.S. Sens. Menendez and Cory Booker and Rep. Frank Pallone, Jr., were among those who cited the potential for "catastrophic" oil spills that could cause economic and environmental harm at the Jersey shore. (AP Photo/Mel Evans)

Lawmakers, officials voice opposition to Atlantic drilling

Officials from several New Jersey shore towns joined with some members of the state’s congressional delegation Sunday to oppose federal plans that would allow oil and gas drilling in the Atlantic Ocean.
Oil pumps at the Enbridge and Enterprise Products Partners LP Jones Creek Facility. ( J. Patric Schneider / For the Chronicle )

With ban lifted, U.S. oil exports off to slow start

Enterprise Products Partners CEO Jim Teague opined in a conference call with analysts Thursday that with historic lows in oil prices the incentive to export simply was not there – at least not for now.
Categories: Crude oil, General, Markets
Yellow oil barrels

Oil has second weekly gain

Oil has pared its decline this year to about 9 percent after plunging to a 12-year low.
Categories: Crude oil, General, Markets
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