In this Monday, April 7, 2014 file photo, a flag bearing the company logo of Royal Dutch Shell flies outside the head office in The Hague, Netherlands. (AP Photo/Peter Dejong, File)

Shell investors OK acquisition of BG Group

Shell CEO Ben van Beurden said he was pleased by “the confidence that shareholders have shown in the strategic logic of the combination of Shell and BG.”
Senator Lisa Murkowski, R-Alaska, speaks at a meeting of the Senate Energy and Natural Resources Committee on, Jan. 8, 2015. (Andrew Harrer/Bloomberg)

Murkowski’s energy bill set for senate debate

The legislation was introduced last summer by Sen. Lisa Murkowski, R-Alaska, chairman of the Senate Committee on Energy and Natural Resources, and Sen. Maria Cantwell, D-Washington.
( Johnny Hanson / Chronicle )

Economist says Texas oil drillers may have unlocked crude supply lasting “decades into the future”

Despite the massive cutbacks, Texas in 2015 likely broke the state’s 43-year-old record for crude oil production.
(Spencer Platt/Getty Images)

Noble cuts dividend, pares back spending budget

Houston oil producer Noble Energy slashed its quarterly dividend, becoming the latest energy company to pare back its regular cash payments to shareholders amid industry-wide cost-cutting.
(Eddie Seal, Bloomberg News)

Keane Group buys Trican’s U.S. business for $250 million

A relatively small and quiet oil field services company, Keane Group is more than doubling its size through the deal with the goal of additional future acquisitions, said Keane CEO and Chairman James Stewart.
(Eddie Seal/Bloomberg News)

Banks cut oil price forecasts on demand concerns

The Washington D.C.-based World Bank lowered its expectations for 80 percent of the commodities it tracks amid signs of slowing growth in emerging economies, which have bolstered commodity prices for more than a decade and a half.
Iran's President Hassan Rouhani gestures at the conclusion of his press conference, in Tehran, Iran, Sunday, Jan. 17, 2016. The implementation of a historic nuclear deal with world powers is expected to pave the way for a new economic reality in Iran, now freed from harsh international sanctions. On Sunday Rouhani presented parliament with a draft budget that plans for an economic windfall even as it reduces reliance on oil revenues. (AP Photo/Ebrahim Noroozi)

Iran signs flurry of business deals as leader visits Europe

Some business deals are ready to be inked but others are still in negotiation as a few sanctions not related to the nuclear program remain in place, particularly by the U.S., on the trade of goods that could be used for military or intelligence purposes.
NEW YORK, NY - JANUARY 04:  A trader works on the floor of the New York Stock Exchange during the morning of January 4, 2016 in New York City. Today marks the first day of trading for the New York Stock Exchange; the market dove over 400 points upon opening.  (Photo by Andrew Burton/Getty Images)

Stocks rise with oil prices, consumer and bank stocks climb

Higher oil prices and some positive earnings news from U.S. companies are helping to send the stock market higher.
John Hess, chairman and CEOr of Hess Corp., speaks at the CERAWeek Energy Conference on global energy in Houston. (F. Carter Smith/Bloomberg News)

Hess cuts 2016 budget by 40 percent

The budget cut lines up with projections forecasting deep spending reductions in the industry this year.

Crude to lead global fuel demand for decades to come

Sixty years to the day after Buddy Holly’s first official recording session took place, and “Blue Days, Black Nights” have become a common occurrence for the crude complex of late. Prices are bucking that trend for now, however, and we are seeing a morning in the green. Last night was certainly dark times for the […]