The Anadarko Petroleum Corp. logo is seen on the hard hat of a contractor at the company's oil rig site in Fort Lupton, Colorado, U.S., on Tuesday, Aug. 12, 2014. U.S. crude oil inventories rose by 1.4 million barrels in the week ended Aug. 8, to 367 million, compared with the consensus-estimated draw of 1.6 million. Photographer: Jamie Schwaberow/Bloomberg

Anadarko, Occidental, Devon all had huge tax bills in 2014

Three of the biggest oil and gas producers in the world — Exxon Mobil, ConocoPhillips and Chevron — also appeared on the list.
Original byline: Chris Ratcliffe/Bloomberg

Weatherford plans to cut 3,000 more jobs by the end of 2015

Weatherford International has ratcheted up its layoff plans, announcing plans Wednesday to lay off another 3,000 workers by the end of the year.
Russ Girling, President and CEO of TransCanada Corp., during CERA Week at the Hilton Americas on March 4, 2014, in Houston. (Mayra Beltran/Houston Chronicle)

TransCanada trims management jobs as layoffs continue

The Calgary-based pipeline has announced several rounds of cuts since oil prices first tanked last year.
(Matthew Lloyd/Bloomberg)

BP seeks closer China ties in multibillion-dollar deals

In one transaction, the British oil major and China National Petroleum Corp. agreed to a framework of “strategic cooperation” in exploring China’s vast shale gas resources amid China’s efforts to cultivate challenging natural gas formations and reduce pollution from the massive amount of coal it burns for power.
A OPEC logo sits on a sign outside the 167th Organization of Petroleum Exporting Countries (OPEC) conference in Vienna, Austria, on Friday, June 5, 2015. The Organization of Petroleum Exporting Countries has exceeded its own target of 30 million barrels a day for 12 straight months. Photographer: Lisi Niesner/Bloomberg

OPEC didn’t discuss output cuts with other oil producers

Venezuela has proposed a summit between heads of state from OPEC and other oil-producing nations in November to discuss the price needed to sustain future supplies.
A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

Inventories post another large gain

The gain comes as U.S. refineries have reduced the amount of oil they process during the fall maintenance season.

Commentary: Back to the future for the crude market

You are probably aware of this, for there has not been as big a frenzy on the internet since the last Star Wars trailer was released, but October 21, 2015 is the date when Marty McFly went ‘Back to the Future‘. Financial markets are responding in kind and taking us back to the future in […]
(AP Photo/Hasan Jamali, File)

Iran to start oilfield-investor bidding process by late March

Iran, with the world’s fourth-largest reserves of oil, is gearing up to boost output once world powers lift the sanctions they imposed to deter the nation’s nuclear program.
A pro-Russian activist holds a Russian flag as he stands near a statue of Lenin during a rally in the eastern Ukrainian city of Donetsk on March 22, 2014. (AFP PHOTO/Alexander/Getty Images)

Russian minister sees oil prices stuck at $50 “for years”

Faced with the oil-price weakness and sanctions over the crisis in Ukraine, Russian officials are searching for ways to steer the country out of its longest recession in two decades.

Insurers asked to send clarifying notice of quake coverage in Oklahoma

Oklahoma’s insurance commissioner is asking insurance companies to send customers a notice to clarify whether their policies cover earthquake damage caused by things like mining or oil and gas exploration.