( Johnny Hanson / Chronicle )

Permian, Eagle Ford combine for 10 shut down rigs

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The oil-soaked Permian Basin in West Texas, which had remained a favorite among U.S. exploration and production companies despite the prolonged crude slump, showed continued signs of weakness this week.
FILE - In this Dec. 22, 2014 file photo, an Iranian oil worker rides his bicycle at the Tehran's oil refinery south of the capital Tehran, Iran. Oil prices that slumped steeply earlier this year may take another hit once a historic deal between the West and Iran allows that country to start pouring more crude into a market already brimming with supply. (AP Photo/Vahid Salemi, File)

Oil prices drop below $30 as Iran gets closer to crude exports

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Crude prices tumbled below $30 a barrel on Friday as traders watched for signs Iran will pass a final regulatory test to put its oil exports back into oversupplied global markets.
(Doug Kanter/Bloomberg News)

Obama administration will announce halt on new coal leases

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An administration official says companies will continue to be able to mine the coal reserves already under lease.
Categories: Coal, Politics/Policy
BHP Billiton CEO Andrew Mackenzie speaks at the IHS CERAWeek energy conference in Houston on March 4. (Houston Chronicle file)

BHP expects to book $4.9 billion writedown on U.S. shale assets

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‘”The dramatic fall in prices has led to the disappointing writedown,” Chief Executive Officer Andrew Mackenzie said.
Categories: Australia, Shale
A rig worker looks out across the North Sea aboard the Troll A natural gas platform, operated by Statoil ASA, in the North Sea, Norway, on Wednesday, Oct. 21, 2015. Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited Troll's capacity. Photographer: Krister Soerboe/Bloomberg

Offshore driller Atwood warns of possible revenue declines, impairment charge

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Atwood Oceanics expects quarterly revenues to decline from the same time last year, and it may take a multi-million dollar impairment charge on another rig, as the lingering oil slump continues to batter offshore contractors.
Mudlogger Kelly Leininger, 36, left, gets help removing a geolograph from drilling crew worker, Joe Garcia, 24, at a Price Drilling rig on a ranch owned by Richard Collier in Zavala County, Wednesday, Nov. 11, 2015. The area is in the edge of the Eagle Ford Shale which seen a decrease in activity due to the low oil prices. Collier owns a company that sells pipe to drilling companies and his business has also been affected. The geolograph records the depth of the penetration during the drilling of a site.

NYSE removes Goodrich Petroleum from listing

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Goodrich, which was trading below $1 a share for an extended period of time, was removed from the nation’s foremost stock exchange at the end of Wednesday for the “abnormally low” price levels.
LNG storage tanks are seen at Cheniere's Sabine Pass LNG facility.  (J. Patric Schneider)

Cheniere delays first Sabine Pass LNG export

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The shipment was originally secluded to depart in late January.
An oil well owned an operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas. (Photo by Spencer Platt/Getty Images)

Oil companies scrap $380 billion in new projects, Wood Mac says

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The energy research firm’s dollar-figure estimate has nearly doubled since its first report on the matter last July, as oil prices crashed from around $60 a barrel in the summer to about $30 a barrel this week.
A structure is damaged after an explosion in a processing facility at the ExxonMobil refinery in Torrance, Calif. on Wednesday, Feb. 18, 2015. A small ground fire was quickly extinguished and the facility's flare system was triggered for safety reasons. Two workers suffered minor injuries. (AP Photo/Daily Breeze, Brad Graverson)

Federal inquiry says Exxon refinery explosion could’ve caused many deaths

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The U.S. Chemical Safety Board report called the incident a “serious near miss” and accused Irving-based Exxon Mobil of not properly following its safety procedures at the Torrance refinery near Los Angeles.
Crews fight a large oil rig fire Wednesday near Chickasha, Okla. (KOTV, Oklahoma City)

Fire crews battle oil rig fire in Oklahoma

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Continental Resources said all employees have been accounted for and are safe and that the cause of the fire is unknown.
Categories: Accidents