A Houthi Shiite fighter stand guard as people search for survivors under the rubble of houses destroyed by Saudi airstrikes near Sanaa Airport, Yemen, Thursday, March 26, 2015. (AP Photo/Hani Mohammed)

Yemen bombing spurs gains in almost all commodities as oil jumps

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Saudi Arabia led a coalition of Sunni allies, including United Arab Emirates, Kuwait, Bahrain and Qatar, in air strikes in Yemen against Shiite rebels.
(AP Photo/Ken Taylor/Shell/PA Wire)

Shell cuts staff numbers in North Sea operations

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The price of Brent crude, an international variety of oil, dropped about 50 percent last year and the industry is scrambling to figure out how to address the price shock.
A General Electric Co. employee assembles a component for a gas turbine at the company's factory in Belfort, France. (Fabrice Dimier/Bloomberg)

GE increases oil field equipment job cuts to 575

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The move comes after GE notified regulators in January of plans to cut 330 positions in a division acquired in 2013.
Driller Paul Allison operates the independent Barrett Brothers Number 1 drilling rig in Presideo County between Alpine and Marfa, Texas.

Personal income grew the most in energy producing states in 2014, government data shows

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Crude oil prices grew for the first six months of 2014, hitting their peak in June at $107. That helped boost the economies of states like Alaska and North Dakota, where the oil and gas industry are big employers and help bolster state budgets.
(Photo by Andrew Burton/Getty Images)

North Dakota oil rig count drops below 100

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North Dakota is the nation’s No. 2 oil producer behind Texas. North Dakota has been producing about 1.2 million barrels of oil daily.
(David Paul Morris/Bloomberg)

Chevron to hunt for oil in Myanmar

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Unocal Myanmar Offshore Co. Ltd. has signed a production sharing contract with the state oil company, Myanma Oil & Gas Enterprise, to explore the Rakhine Basin.
Smoke and flames erupt from the scene of a train derailment Thursday, March 5, 2015, near Galena, Ill. A BNSF Railway freight train loaded with crude oil derailed around 1:20 p.m. in a rural area where the Galena River meets the Mississippi, said Jo Daviess County Sheriff's Sgt. Mike Moser. (AP Photo/Telegraph Herald, Mike Burley)

Senate Democrats seek tougher federal rules for oil trains

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Washington Sen. Maria Cantwell on Wednesday said the measure would ban the use of older tank cars, regulates the volatility of crude oil carried on trains and ensures that rail infrastructure is properly maintained.
Original byline: Jim Blecha/

Experts: New Mexico oil patch could lose 2,000 jobs

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The number of drill rigs operating in the San Juan and Permian basins has dropped from 85 to 60 over the past year, and state energy Secretary David Martin said each rig directly employs 50 workers and another 50 to 70 in support jobs.
(Photographer: Andrey Rudakov/Bloomberg)

Shell sells Nigerian oil lease for $1.7 billion to local company

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The divestment is part of Shell’s strategic review of its onshore portfolio in the West African nation and “is in line with the Federal Government of Nigeria’s aim of developing Nigerian companies in the country’s upstream oil and gas business,” it said in a statement on Wednesday.
A Swift Energy Co. production facility in Lake Washington off the Louisiana coast. (Swift Energy Co.)

Eagle Ford producer leases Exxon’s old space

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The Houston-based exploration firm plans to move into former Exxon Mobil space in the Five Greenspoint Place 19-story building at 17001 Northchase Drive.