(Jerry Baker/For the Houston Chronicle)

CB&I gets $2.8 billion petrochemical contract in Oman

CB&I, which operates out of The Woodlands, will build the Liwa Plastics Industrial Complex Project for the Oman Oil Refineries and Petroleum Industries Company, called Orpic.
(RJ Sangosti/The Denver Post via Getty Images)

Fitch: More capital budget cuts coming in 2016

The ratings agency’s report gave the oil and gas sector a negative outlook for 2016.
(AP Photo/Reed Saxon, file)

Gasoline expected to dip below $2 nationwide for Thanksgiving

Gasoline costs also could continue to come down through December, according to GasBuddy, which noted that prices don’t always spike during busy driving weeks.
(AHIKAM SERI/AFP/Getty Images)

Noble sells some of stake in project offshore Cyprus for $165 million

The company is continuing to work with the Cypriot government to finalize development plans for Aphrodite.
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(Screengrab, via Youtube)

Watch: Anadarko’s Heidelberg spar makes 400-mile trip to deep Gulf of Mexico

On Monday, the Woodlands-based oil explorer released a video showing the spar’s 23,000-ton hull traveling 400 miles over four days.
( Brett Coomer / Houston Chronicle )

NRG sells Illinois gas-fired plant as generator shifts strategy

The deal comes as the Houston-based power generator seeks to streamline its operations and pay down debt.
Categories: Electricity, Natural gas
Over thirty oil drilling rigs idling in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, in the Permian Basin on  May 18, 2015. (Courtney Sacco/Odessa American via AP)

Oil rig count resumes plunge, with Permian among hardest hit

Gains elsewhere in Texas shielded the losses in the Permian Basin, the state’s biggest oil and gas field.
(Brendon Thorne/Bloomberg)

Texas wind and solar power could compete with fossil fuels in just a few years

While Texas currently has very little solar power generation, there are several projects currently in development.
(Daniel Acker/Bloomberg)

Noble shelves midstream IPO amid equity slump

The postponement is a surprising reversal from last week, when the Houston-based producers said it hoped to raise at least $237.5 million.
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake investors seen signaling surrender as bonds plunge

Chesapeake is making investors worry about its ability to pay back borrowings that are three times the current worth of its oil and natural gas fields.