( Johnny Hanson / Chronicle )

Rig count tumbles again

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The total rig count, which when including natural gas rig fell by 30, now stands at 541.
The sun sets beyond an oil pumping unit, also known as a "nodding donkey" or pumping jack, at a drilling site operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Moody’s downgrades eight oil cos. in round of ratings adjustments

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The debt-rating agency is currently reassessing its energy company ratings after continued low oil and gas prices led it to worsen its outlook for the sector.
(Spencer Platt/Getty Images)

U.S. stocks rally to halt five-day loss as oil rebounds

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Concerns over everything from slowing growth in China, plunging crude prices to the pace of the Federal Reserve’s interest-rate hikes have sparked a flight out of risky assets.
(Brett Coomer/Houston Chronicle)

At NAPE, industry still waiting for oil’s rock bottom

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Once oil companies are confident prices will improve, analysts expect a wave of deals.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 20, 2016. U.S. stocks surged back to pare the biggest one-day selloff in five months, with the Dow Jones Industrial Average cutting a loss of 550 points by two-thirds as investors speculated the rout that's wiped more than $15 trillion from global equities has gone too far too fast. Photographer: Michael Nagle/Bloomberg

U.S. crude falls to 12-year low

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West Texas Intermediate futures dropped to $26.13 a barrel, breaking below the $26.19 low from January to reach the lowest since May 2003.
(Paul White/(AP photo)

Repsol to shut unprofitable Norwegian oil field

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The field produced about 4,800 barrels of oil a day in November
Total headquarters outside Paris. (AP file photo/Jacques Brinon)

Total’s quarterly profit beats estimates on oil output, refining

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The energy producer, based outside Paris, joins BP Plc and Royal Dutch Shell Plc in cutting operating costs and investments to protect its dividend as a plunge in crude prices dents earnings.
An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)

Pioneer Natural slashes budget, halts drilling amid oil-price crash

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The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.
EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

EOG CEO: Industry wary of false start on oil recovery

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The energy sector won’t repeat last year’s mistake of rapidly boosting production the next time the price of oil hits $60 a barrel, said the chairman and CEO of EOG Resources.
A  2010 file photo shows a sign at a BP  station in London. (AP Photo/Alastair Grant, File)

BP outlook: American shale gas revolution to go global by 2035

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In its annual Energy Outlook released Wednesday, BP projected shale gas production around the world will grow 5.6 percent a year, and by 2035, half the growth in shale energy will come from outside the United States.