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S&P takes aim at energy companies

The ratings actions are an acknowledgment that $30 oil could shake the foundations of even oil and gas’ largest companies.
NEW YORK, NY - JANUARY 13:  Traders work on the floor of the New York Stock Exchange (NYSE) on January 13, 2016 in New York City. The Dow Jones industrial average fell over 350 points today as markets continued to react to falling oil prices and the uncertainty in the economic outlook in China.  (Photo by Spencer Platt/Getty Images) ***BESTPIX***

Energy stocks lead an early decline in U.S. as oil price falls

Chevron fell 2 percent shortly after the opening bell Monday and Exxon Mobil lost more than 1 percent.
lgbt energy 4

For LGBT workers in energy, some find it’s still not easy coming out

Something didn’t seem quite right during John Gaspari’s first day on the job at an oil field services firm in Houston. He said his department manager avoided eye contact and stared awkwardly at Gaspari’s small loop earrings.
In the Port of Seattle Ships are unloaded. Photos by Kevin P. Casey for Bloomberg News

Tugboats left useless by U.S. shale boom finally have a job to do

The surge in oil and gas output from U.S. shale drillers has the potential to transform world markets. At home, it’s left a chain of idle import facilities from the Northeast to the Gulf Coast, as energy companies pile onto the export bandwagon instead.
(David Paul Morris/Bloomberg)

Tennessee AG sues Chevron over petroleum spill cleanup costs

Money from the tax — four-tenths of a cent per gallon — is intended as a last-resort fund for owners who cannot afford spill cleanup costs.
A worker uses a headset and microphone to communicate with coworkers over the din of pump trucks, at the site of a natural gas hydraulic fracturing and extraction operation run by the Encana Oil & Gas (USA) Inc., outside Rifle, in western Colorado. (AP Photo/Brennan Linsley)

Report: Most oil companies score low on fracking disclosures

The annual scorecard grades 30 oil and gas companies for disclosures on five criteria: toxic chemicals, water and waste management, air emissions, community impacts, and management accountability.

Chevron starts production at largest oil and gas development in Congo

The largest oil and gas project ever developed in the Republic of Congo has started production, multinational oil giant Chevron confirmed Friday morning.
Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

ConocoPhillips to cut budget by 25 percent next year

The Houston driller announced its new $7.7 billion annual budget announced a day after larger rival Chevron Corp. said it would trim spending by 24 percent next year.
(David Paul Morris/Bloomberg)

Chevron slashes 2016 spending plans by 24 percent

Chevron will slash spending by 24 percent next year as it works to complete projects already under construction while delaying others that have not received a final financial commitment from the company.
Categories: Crude oil, featured
(AP Photo/Gerald Herbert, File)

TPH: Canceled projects could draw down 19 million daily oil barrels

Blindsided by a brutal downturn, oil companies have scuttled plans for scores of costly energy projects.