(Photo by Eddie Seal for Bloomberg News)

Eagle Ford Shale tops Texas list of top crude, gas producers

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Communities in the Eagle Ford Shale in South Texas topped the state’s list of the top oil- and natural gas-producing counties in June, according to data released this week by the Texas Railroad Commission. Karnes County continues to pump more crude oil than any other county, with nearly 6.8 million barrels produced in June.
(Photo by Joe Raedle/Getty Images)

Chevron pumps more West Texas oil as profits slide

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Chevron Corp.’s profits slid 90 percent in the second quarter as lower crude prices forced it to write down the value of oil-producing assets even as the company’s refineries benefited.
Chris Finlayson, CEO of BG Group, speaks during the IHS CERAWeek conference at Hilton Americas - Houston Wednesday, March 5, 2014, in Houston. ( Melissa Phillip / Houston Chronicle )

BG profit beats estimates as record output shows appeal to Shell

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BG, the U.K.’s third-biggest oil company, raised its 2015 production forecast to the upper range of its guidance.
An activist hangs from the St. Johns bridge in Portland, Ore., Wednesday, July 29, 2015, to protest  the departure of Royal Dutch Shell PLC icebreaker Fennica, which is in Portland for repairs.  The icebreaker is a vital part of Shell's exploration and spill-response plan off Alaska's northwest coast.  Greenpeace officials say  the activists have enough water and food to last for days, and can hoist themselves to allow other marine traffic to pass. (AP Photo/Don Ryan)

U.S. judge rules Greenpeace in contempt for Oregon protest

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There was no sign that the protesters were about to leave Portland after the ruling in Anchorage by U.S. District Court Judge Sharon Gleason that Greenpeace is in civil contempt.
Sen. Lisa Murkowski (R-Alaska), chair of the Senate Energy and Natural Resources Committee, leads a hearing on the Keystone XL pipeline, in Washington, Jan. 8, 2015. (Jabin Botsford/The New York Times)

Senate panel passes bill lifting crude oil export ban

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Republican Lisa Murkowski of Alaska, chairman of the panel, championed the plan to lift the restrictions. It passed by a party-line vote of 12-10.
A crew works on a gas drilling rig at a well site for shale based natural gas in Zelienople, Pa. (AP Photo/Keith Srakocic)

Pioneer Energy reports quarterly loss

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The San Antonio-based company attributed the decline to reduced drilling activity and pricing as a result of lower oil and gas prices.
An activist hangs from the St. Johns bridge in Portland, Ore., Wednesday, July 29, 2015, to protest  the departure of Royal Dutch Shell PLC icebreaker Fennica, which is in Portland for repairs.  The icebreaker is a vital part of Shell's exploration and spill-response plan off Alaska's northwest coast.  Greenpeace officials say  the activists have enough water and food to last for days, and can hoist themselves to allow other marine traffic to pass. (AP Photo/Don Ryan)

Activists rappel off Oregon bridge to stop Shell icebreaker

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The Royal Dutch Shell PLC icebreaker Fennica arrived in Portland for repairs last week. The vessel was damaged earlier this month in the Aleutian Islands when it struck an underwater obstruction, tearing a gash in its hull.
View of the Abkatun A-Permanente platform on fire on the Gulf of Mexico's Campeche Sound on April 1, 2015. An explosion and a fire erupted on an offshore oil platform operated by Mexico's Pemex on Wednesday, killing at least four workers, injuring 16 and forcing 300 to be evacuated.    (AFP PHOTO/ STRSTR/AFP/Getty Images)

Pemex reports 11th straight loss

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Pemex’s earnings were crimped after U.S. benchmark oil prices fell an average 44 percent from 2014 and production slid following three offshore accidents in as many months.
TO GO WITH AFP STORY "CHILE-COPPER-CHINA" A couple of gigantic Komatsu 930, 330 metric-tonne lorries arrive with their load at the Chuquicamata copper mine, in the desert town of Calama, 1,000 kms north of Santiago, Chile, 25 October 2005. Chuquicamata, the world biggest opencast mine, is 4.3 kilometers long, 3 kms wide and 825 meters deep. As all the other mining enterprises in Chile, it was nationalized in 1971 by late Chilean President Salvador Allende. AFP PHOTO MARTIN BERNETTI  (Photo credit should read MARTIN BERNETTI/AFP/Getty Images)

Freeport-McCoRan launches business review to cut costs

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The Phoenix company plans to complete the review and report on revised plans during the third quarter. It will look for ways to cut capital spending and operating and administrative costs.
BP Plc Results News Conference

BP posts $6.3 billion loss, warns of more layoffs ahead

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BP lost $6.3 billion in the second quarter amid the ongoing oil slump and as it took charges on its recent Deepwater Horizon oil spill settlement with the U.S. government and Gulf states.