Jeff Allyn, a derrick hand with Raven Drilling, pauses with a cup of coffee while drilling for oil in the Bakken shale formation on July 23, 2013 outside Watford City, North Dakota. (Andrew Burton/Getty Images)

Oil majors delay $200 billion of spending, Wood Mackenzie says

Brent crude prices have dropped by half in a year after the Organization of Petroleum Exporting Countries decided to maintain output to defend market share amid a global supply glut.
This  April 17, 2015 file photo, with the Olympic Mountains in the background, a small boat crosses in front of an oil drilling rig as it arrives in Port Angeles, Wash., aboard a transport ship after traveling across the Pacific.  (Daniella Beccaria/ via AP, File)

Damaged Shell icebreaker arrives in Oregon for repairs

Environmental activists in Portland are protesting the arrival of the Fennica, a vessel that Royal Dutch Shell plans to use in its Arctic offshore drilling project after it’s repaired.
(Photographer: Eddie Seal, Bloomberg)

Return to drilling sends rig count up by 21

U.S. drillers put more oil rigs to work this week than they have since last April, according to Friday’s Baker Hughes rig count.
NuStar Energy LP has invested millions of dollars to transform the only refinery in San Antonio’s city limits, which was once owned by AGE Refining. Photo: Photo By Robin Jerstad/Special T / SA

NuStar Energy’s net income declines

Pipeline partnership NuStar Energy LP on Friday reported second-quarter 2015 net income applicable to limited partners of $42.4 million, or 54 cents a unit, compared with $43.6 million, or 56 cents a unit, for the same period a year ago.

BP asks Montana judge to dismiss lawsuit alleging deceit

Attorneys for BP asked a Montana judge Thursday to dismiss a lawsuit by the state alleging the oil giant has deliberately concealed information for decades.
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(Daniel Acker/Bloomberg)

Midstream company secures funding for first leg of giant Houston crude oil storage facility

The project, first proposed in 2011 when the shale drilling boom was beginning to flood U.S. storage with crude oil, will hold up to 20 million barrels of crude oil.
EFS 16

Patterson-UTI posts second quarter loss on falling rig count

North American land driller Patterson-UTI Energy said it lost $19 million in the second quarter as drilling for oil went rapidly out of style after the collapse of crude prices.
U.S. Senator John Cornyn speaks to the audience at the GOP election night party in Austin on Tuesday, Nov. 4, 2014. (Kin Man Hui/San Antonio Express-News)

John Cornyn: For movement on crude oil exports, wait until next year

Sen. John Cornyn of Texas said the fall legislative session will likely be bogged down with spending and debt ceiling debates, but there are legislative efforts in the works to expand natural gas exports and lift a ban on shipping crude oil overseas.
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

AS Canada’s oil patch faces more job losses, robots add to the misery

The burgeoning use of robots is one more reason there probably won’t be a quick jobs rebound in Canada’s energy industry as it grapples with cheap crude, tougher environmental controls, higher taxes and elevated costs.
Weatherford International CEO, Bernard Duroc-Danner. (Michael Paulsen/Houston Chronicle file photo)

Weatherford takes “brutally realistic” approach to U.S. job cuts

Weatherford will make another 1,000 job cuts, mostly in its U.S. support staff, as its onshore shale business continues to suffer with low oil prices, the company’s CEO said in its second-quarter earnings conference call.