Oil Field

Upstream news: exploration and production, oil field services
Royal Dutch Shell offices in London. (Laura Goldberg/Houston Chronicle)

Shell beats estimates, takes gas writedown

Royal Dutch Shell, Europe’s biggest oil company, beat analyst second-quarter earnings estimates while pushing ahead with a restructuring program that saw it write off about $1.9 billion in U.S. gas assets.  More »
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Pemex to buy U.S. natural gas via a Swiss trading house

A subsidiary of Petroleos Mexicanos will form a joint venture with Geneva-based Mercuria Energy Group Ltd. to handle the gas and will aim to be one of the five largest participants in the North American natural gas market.  More »
New York Gov. Andrew Cuomo. (AP Photo/Richard Drew)

Winemakers want NY to deny gas storage permit

Opponents of Houston-based Crestwood Midstream’s project said at a news conference in Albany that it would endanger drinking water, the local economy and the region’s wine and tourism industry.  More »
Doug Lawler, CEO of Chesapeake, is interviewed before participating in a panel during CERA Week at the Hilton Americas on March 4, 2014, in Houston. ( Mayra Beltran / Houston Chronicle )

Chesapeake boosting Wyoming holdings

Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash.  More »
Clay Williams is president and CEO of National Oilwell Varco.

NOV profits up 17 percent

Oil gas equipment provider National Oilwell Varco’s profits increased nearly 17 percent in the second quarter, the first full quarter since CEO and president Clay Williams took the reins of the Houston-based company.  More »
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Pemex predicts lowest production in more than two decades

The forecast was lowered to 2.41 million barrels of oil a day from a prior projection of 2.5 million, said Gustavo Hernandez, Pemex’s head of exploration and production.  More »
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Council member George Campbell, left rear, talks with Mayor Chris Watts as council persons Anita Burgess and Dalton Gregory right, listen to Former Texas Railroad Commission executive director John Tintara, at podium, speak at a public hearing at City Hall, Tuesday, July 15, 2014, in Denton, Texas. (AP Photo/Tony Gutierrez)

Denton residents to vote on fracking ban in November

The Denton City Council voted down a petition 5-2 to ban new hydraulic fracturing after eight hours of testimony, sending the proposal to a public ballot in November  More »
An Eagle Ford well near Kenedy, Texas. (Eric Gay/AP)

Report: 10 percent more Eagle Ford wells this year

Operators working in the Eagle Ford Shale started drilling 2,364 new wells in the first six months of the year, according to the latest Baker Hughes Well Count.  More »
Paul Morel used to go out to Shell's Olympus platform to help operate it. Now he works in a New Orleans office. (Ryan Holeywell/Houston Chronicle)

Technology lets producers move jobs from platforms to land

Shell and other offshore players to move a growing number of jobs historically performed at sea onto land.  More »
handshake  behind a corporative building.Great for any design.

Whiting to buy Kodiak, creating larger North Dakota player

Whiting Petroleum Corp. agreed to buy Kodiak Oil & Gas Corp. for about $3.8 billion in stock, creating what it called the largest oil producer in the Bakken/Three Forks region of North Dakota.  More »
This undated handout frame grab taken from video, provided by the Pennsylvania Department of Environmental Protection shows bubbling due to impaired cementing in an unconventional gas well in Pennsylvania. (AP Photo/Pennsylvania Department of Environmental Protection)

Expert: Pa. didn’t address fracturing health impacts

By Kevin Begos Associated Press PITTSBURGH — Pennsylvania’s former health secretary says the state has failed to seriously study the potential health impacts of one of the nation’s biggest natural gas drilling booms. Dr. Eli Avila also says the state’s current strategy is a disservice to people and even to the industry itself because health […]  More »
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In this July 11, 2014 photo, Ruth Anna Buffalo stands in a ravine that she would often travel to as a child in North Dakota's badlands near Mandaree, N.D. A nearby underground pipeline spewed 1 million gallons of saltwater into the badlands in early July. Buffalo compares the impact of oil and gas development on the land to the creation of a lake by the U.S. Army Corps of Engineers in the 1950s that flooded her ancestors' homes. (AP Photo/Josh Wood)

Near spill, reservation wrestles with oil’s impact

For many Native Americans on Fort Berthold Indian Reservation — a land that accounts for 300,000 of the 1 million barrels of oil produced by North Dakota daily — there is a difficult balance between the potential prosperity that oil and gas development can bring and the preservation of a land considered by cultural and religious tradition to be sacred.  More »
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