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Houston

(Spencer Platt/Getty Images)

ION Geophysical to cut 25 percent of workforce

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ION Geophysical Corp., a local seismic services firm, announced Wednesday it would shed another quarter of its employees by the end of the month to cut costs amid cheap crude prices.
Shirley Fuller drives for Uber Friday, Aug. 7, 2015, in Houston. Fuller was laid off from her job at a valve manufacturing company March 25. She is one of a growing number of people who struggle to earn enough money as low oil prices push energy companies to lay off workers. ( Jon Shapley / Houston Chronicle )

Shock of layoffs still stings oil and gas workers

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The prolonged slump in crude oil prices has forced thousands of people out of work across the country.
(Eric Kayne/Houston Chronicle)

LyondellBasell sells its Argentina business

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The Petroken Petroquimica Ensenada business that LyondellBasell is unloading is one of the largest polypropylene producers in Argentina with a 180-kiloton plant in the country.
(David Paul Morris/Bloomberg)

Chevron gives notice to workers as it prepares to cut 950 jobs

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The job cuts are part of a broader plan by the San Ramon, California-based energy giant to eliminate about 1,500 jobs worldwide as the Chevron braces for a prolonged crude slump.
(Photographer: Ty Wright/Bloomberg)

Texas gasoline prices drop as Midwest sees a price spike

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Average retail gasoline prices in Houston fell 3.1 cents per gallon in the past week, averaging $2.38 per gallon on Sunday, according to GasBuddy’s daily survey of 2,559 gas outlets in Houston.
(AP Photo/ Louis Lanzano)

NYSE warns Willbros Group of potential de-listing

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The New York Stock Exchange has warned oil engineering firm Willbros Group its stock could be de-listed unless it trades at an average $1 a share over a 30-day period.
Marine police officers hold pieces recovered from the helicopter which crashed into a lagoon at the Oworonshoki district of Lagos, on August 12, 2015.  At least four people were killed and six wounded when a helicopter plunged into a lagoon in Nigeria's commercial hub Lagos on August 12, emergency services said. (PIUS UTOMI EKPEI/AFP/Getty Images)

Oklahoma man killed in helicopter crash in Nigeria

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Marine police and fishermen calling for body bags raced to a dock Thursday and delivered the bodies of Capt. Joseph “Jay” Wyatt of Oklahoma and First Officer Peter Bellow of Nigeria, according to the helicopter’s owner, Bristow Group of Houston, Texas. A statement from the company did not give Wyatt’s home town.
(Jeff Pachoud/AFP/Getty Images)

Gasoline prices down a nickel across Texas

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In the Texas metro areas, drivers in Texarkana are paying the least at $2.32 per gallon while motorists in El Paso are paying the most, $2.63 per gallon.
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

Judge: Local governments, including Houston, will get their BP payments soon

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A federal judge said this week BP has until late August to start processing payments totaling $1 billion to the 400 local governments along the Gulf Coast that were part of the British oil major’s $18.7 billion Deepwater Horizon oil spill settlement inked earlier this month.
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.