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Exterran Holdings CEO Brad Childers poses for a portrait in Houston.

Delayed Exterran spin-off slated for late 2015

The new time table is scheduled to complete the Exterran reorganization by the end of 2015. Exterran Holdings will spin off its fabrication and international compression businesses — about 7,000 of its total 10,000 workers — into a new company named Exterran Corp. that would trade under the “EXTN” stock symbol in the New York Stock Exchange.
(AP Photo/Pat Sullivan, File)

Schlumberger reveals new plans for U.S. headquarters

The oil and gas company, currently based at 5599 San Felipe in Houston, plans to expand its existing offices in a southwest suburb.
Chevron CEO John S. Watson in Houston in April 2014. (Mayra Beltran/Houston Chronicle)

Chevron’s CEO calls for an end to the crude export ban

Watson has been a vocal proponent for lifting the ban, joining a chorus of oil executives – including ConocoPhillips’ Ryan Lance, Continental Resources’ Harold Hamm and Hess Corp.’s John Hess – weighing in on a national debate about the 1970s-era restriction.
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

Houston gas prices finally hit $2 a gallon

Greater Houston gasoline prices are ranging from as low as $1.75 a gallon to highs of $2.99 per gallon. The spiked prices are within the Houston loop at Shell stations at 2220 Main St. and at 319 Shepherd Drive, according to GasBuddy.

Weatherford backs down from $1 billion fundraising plan

The reversal came late Monday after Weatherford’s stock took a beating, with shares tumbling $1.71 or 17 percent to $8.41 Monday on the New York Stock Exchange.
(Ty Wright/Bloomberg)

Texas gasoline prices are plummeting again

Houston gas prices are $1.06 a gallon cheaper than the same time last year and 29.5 cents less than just a month ago.
Siemens CEO Joe Kaeser (Getty Images)

After recent buying spree, Siemens not planning further acquisitions

After making two multi-billion purchases in recent years, Siemens has no plans to make any further acquisitions, even as falling oil prices create a prime opportunity for buying and selling, a company executive said Tuesday.
(Akos Stiller/Bloomberg)

GE to cut 100 jobs at East Houston manufacturing facility

GE says it’s planning to cut 100 jobs at its Jacintoport facility in East Houston as part of a broader move to shift some of its U.S.-based manufacturing of gas turbines and power generators to Europe and China.
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 firms cutting another 700 Texas jobs

Oil field service firm Cameron International told Texas regulators that it will cut 150 staff members over the next four months.
(Spencer Platt/Getty Images)

ION Geophysical to cut 25 percent of workforce

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.