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ConocoPhillips

Workers at the Weatherford rod-pump manufacturing plant prepare to move parts into the plant Thursday, June 26, 2014, in Katy. (Brett Coomer/Houston Chronicle)

Oil and gas equipment makers had a better June, but business is still down 40 percent

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Oil prices that had stabilized in May and June had oil field services firms hopeful that $60 crude would mean increased capital spending from producers.
Ryan Lance, chairman and CEO of ConocoPhillips, addresses the audience during the Geopolitics of Natural Gas at Rice University, Friday, Feb. 21, 2014, in Houston. (Marie D. De Jesús/Houston Chronicle)

ConocoPhillips swings to loss in second quarter

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Houston-based ConocoPhillips said Thursday it saw a net loss of $179 million or 15 cents per share in the second quarter.
A Chinese man holds up oil residue found in his shrimp farm in the coastal Leting county in the Bohai Bay near northern China's Hebei province. China's oceanic agency has ordered ConocoPhillips China to do more to prevent and clean up offshore spills that occurred June 4 and June 17, 2011 in the Bohai Bay that have raised an outcry among fishermen and environmentalists. (AP Photo)

China accepts group’s case against ConocoPhillips, CNOOC

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In June 2011, oil spills from an oilfield jointly owned by Houston-based ConocoPhillips’ Chinese subsidiary and CNOOC, China’s main offshore oil and gas producer, drained into the Bohai Sea and its bay.
A drilling rig under contract to Shell arrives in Port Angeles, Washington en route to Alaska's Chukchi Sea, where Shell hopes to drill this summer. (Daniella Beccaria/seattlepi.com via AP, File) MAGS OUT; NO SALES; SEATTLE TIMES OUT; TV OUT; MANDATORY CREDIT

Senate bill would give oil companies a decade more to drill in Arctic

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Oil companies could get 10 more years to drill on their Arctic leases, under a provision in a broader offshore drilling bill advancing in the Senate.
Halliburton CEO Dave Lesar (Melissa Phillip/Chronicle)

Paychecks rose for some Houston energy CEOs in 2014

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The 10 highest-paid executives in Houston last year all work in the energy industry, despite domestic oil’s long and lingering swoon.
In this Thursday, Jan. 28, 2010 file photo, A worker walks past tanks at a Petrochina storage base in Suining, in southwest China's Sichuan province. (AP Photo)

ConocoPhillips halts Sichuan shale gas talks with PetroChina

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While China has sought to replicate the U.S. shale boom, the nation last year cut its 2020 shale gas production target to about a third of its original estimate amid difficult geology, lack of infrastructure and limited exploration rights.
conocophillips offshore

ConocoPhillips to scale back deep-water exploration and Gulf of Mexico programs

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Houston-based ConocoPhillips has already trimmed its 2015-2017 capital spending program from an initial $16 billion to about $11.5 billion per year after crude oil prices fell last fall. Of that $11.5 billion, less than $1.8 billion was dedicated to exploration.
President Barack Obama arrives to speak on March 22, 2012 at the TransCanada Stillwater pipe yard in Cushing, Oklahoma. (AFP PHOTO/Mandel Ngan)

Obama knows crude export ban is “bad economics,” North Dakota senator says

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Sen. Heidi Heitkamp, D-N.D., suggested that momentum is building on Capitol Hill and within the Obama administration for liberalizing the longstanding ban on U.S. crude exports.
(AP Photo/Lisa Poole, File)

Fortune 500: Oil prices take slight toll on rankings for Houston companies

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Some Houston-based oil and gas companies saw their rankings slip this year after months of low commodities prices hammered the industry.
A drilling rig under contract to Shell arrives in Port Angeles, Washington en route to Alaska's Chukchi Sea, where Shell hopes to drill this summer. (Daniella Beccaria/seattlepi.com via AP, File) MAGS OUT; NO SALES; SEATTLE TIMES OUT; TV OUT; MANDATORY CREDIT

Oil industry takes aim at proposed Arctic drilling mandates

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The proposed requirements would unnecessarily shorten an already brief window for exploratory drilling in the Chukchi and Beaufort seas while dramatically boosting the costs of those operations, dissuading companies from drilling in the region, industry representatives said in formal comments filed with the government.