(Photo: JOHN DAVENPORT/SAN ANTONIO EXPRESS-NEWS)

Statoil to cut 2,000 jobs, adding to Norway’s woes

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The job losses at Statoil, Norway’s No. 1 oil and gas producer, add to thousands more in the country’s offshore energy industry after crude collapsed in the second half of 2014
President Barack Obama arrives to speak on March 22, 2012 at the TransCanada Stillwater pipe yard in Cushing, Oklahoma. (AFP PHOTO/Mandel Ngan)

White House snags $4 billion in clean energy investments

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Encouraging private investment in clean energy is part of President Barack Obama’s attempt to promote “a low-carbon energy future,” Brian Deese, a senior adviser to Obama, said.
Fire after a pipeline explosion in rural DeWitt County, Texas, illuminates the horizon Sunday, June 14, 2015. Authorities said no one was injured after a natural gas pipeline rupture sparked a massive fire that prompted home evacuations in South Texas. (Richard Hoang/The Victoria Advocate via AP)

Investigators looking into Cuero pipeline explosion

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Investigators are looking into what caused a gas pipeline to rupture Sunday in DeWitt County. A 42-inch coated steel gathering line operated by Energy Transfer Partners exploded around 8:15 p.m. northwest of Cuero.
Oil field workers in 2012  drill into the Gypsum Hills near Medicine Lodge, Kan.   U.S. Steel said Tuesday it will lay off about 750 employees from two plants that make tubular steel, which is used in oil and gas drilling(AP Photo/Orlin Wagner, File)

Efficiency gains in the oil patch could be short lived, consultants say

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Today’s efficiency gains, especially those driven by 20 to 30 percent discounts off the cost of oil field tools and services, could be short lived if drilling rigs ride high again after the end of the downturn, which will come sooner or later.
Ernest Moniz Sec. of Energy United States during the IHS Energy CERAWeek Wednesday April 22, 2015 at the Hilton Americas-Houston. (Billy Smith II / Houston Chronicle)

Moniz says Strategic Petroleum Reserve could be tapped to control price shocks

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Moniz said rising U.S. crude production gives the nation more flexibility in how it uses the reserve, created four decades ago in response to supply shortfalls caused by the Arab oil embargo. The four underground salt caverns can hold more than 700 million barrels of oil.
Workers unload the first crude oil unit train to arrive at Jefferson Energy Companies' Jefferson Transload Railport facility at the Port of Beaumont in Orange County, Dec. 11, 2013.  (Mark Viator/Jefferson Energy Companies)

BNSF expects crude-by-rail volumes to grow after price rebound

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Petroleum traffic on rail lines more than doubled from 2011 to last year, as booming oil production from North Dakota and Canada overwhelmed pipelines and forced shippers to look for alternative transportation methods.
Workers remove the drill pipe on the drilling floor of Development Driller III, which drilled the relief well and pumped the cement to seal the Macondo well, the source of the Deepwater Horizon rig explosion and oil spill, in the Gulf Of Mexico, off the coast of Louisiana, Saturday, Sept. 18, 2010. (AP Photo/Gerald Herbert)

Sabine Oil & Gas skips $21 million interest payment

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Sabine is just the latest U.S. oil producer to show signs of financial stress in the oil market crash. Oil producers Quicksilver Resources, Dune Energy, BPZ Resources and American Eagle Energy have all filed for bankruptcy protection this year.
Over thirty oil drilling rigs are idle in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, as rig counts drop in the Permian Basin, Monday, May 18, 2015. (Courtney Sacco/Odessa American via AP)

North Dakota drill rig count drops to lowest since 2009

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The Williston Herald reports the drop occurs as companies are pumping less crude amid oil prices that have plummeting more than 40 percent since last year.
Fire after a pipeline explosion in rural DeWitt County, Texas, illuminates the horizon Sunday, June 14, 2015. Authorities said no one was injured after a natural gas pipeline rupture sparked a massive fire that prompted home evacuations in South Texas. (Richard Hoang/The Victoria Advocate via AP)

Evacuations but no injuries after pipeline ruptures in Texas

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DeWitt County Emergency Operations Center spokeswoman Peggy Fonseca says an Energy Transfer Partners pipeline ruptured near Lindenau around 8 p.m. Sunday.
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy seeks dismissal of nonprofits’ lawsuit

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Chesapeake Energy is seeking the dismissal of a lawsuit that alleges it took oil and gas from a property without a lease agreement with the owners.