Fuel Fix

The head office of Statoil in Stavanger, Norway.  (AP Photo / Kent Skibstad, NTB scanpix, File)

Statoil announces U.S. spending cuts; could cut jobs, too

Statoil said it would cut is capital expenditures this year by 10 percent to $18 billion.  More »
(Eddie Seal/Bloomberg)

U.S. loses oil jobs

The recent loss could be just the beginning of the decline in oil sector jobs, as more energy companies slash budgets and shrink contracts.  More »
United Steel Workers Local 13-227 members, employed by LyondellBasell Industries Houston, hold a strike claiming unfair labor practices at the oil refinery plant Monday, Feb. 2, 2015, in Pasadena, Texas. (Gary Coronado/Houston Chronicle)

Steelworkers reject latest contract offer, will stage downtown rally

The offer, which the union received Wednesday night, was the company’s sixth to go across the negotiating table since the two sides have been meeting to hammer out a new labor agreement. The last contract expired Sunday.  More »
(SAMAD/AFP/Getty Images)

Crude price gains erase declines to settle above $50

West Texas Intermediate gained 4.2 percent, erasing an earlier 2.3 percent decline.  More »
Oklahoma Geological Survey seismologist Amberlee Darold wires a solar power panel to a seismometer in southwest Oklahoma City. (Washington Post photo by Linda Davidson)

Earthquakes rattle parts of northern Oklahoma

The temblor occurred just days after SandRidge Energy injection well in the same area was shut down because of a 4.1 magnitude earthquake about 7 miles east of Thursday’s quake.  More »
(Photo: Fotolia)

Plains All American announces two new pipelines but expects painful year ahead

The announcement for the two new lines followed bearish predictions for 2015 by the Houston-based pipeline and processing company.  More »
Iowa Department of Natural Resources staff are on the scene of a train derailment in which three railcars caught fire and another three plunged into the Mississippi River. In all, 11 cars derailed, and 10 of them were carrying ethanol, north of Dubuque, Iowa, on Wednesday, Feb. 4, 2015. (AP Photo/Dubuque Telegraph Herald, Mike Burley)

Fires out where ethanol tanker cars derailed in Iowa

Fires at the site of an eastern Iowa freight train derailment are out but ethanol is leaking into the Mississippi River and the task turned to monitoring for environmental impact and offloading the fuel from derailed trains to empty cars.  More »
Weatherford International CEO, Bernard Duroc-Danner. (Michael Paulsen/Houston Chronicle file photo)

Weatherford to ax 3,000 more jobs as it cuts layers, execs say

Weatherford International executives say the oil field service firm has begun identifying 3,000 more positions it to cut in the first quarter, a day after the company announced it is axing 5,000 jobs.  More »
(AFP/Getty Images)

Brazil makes third round of searches and arrests in Petrobras kickback scheme

Those involved may be charged with fraud, corruption, money laundering and criminal associations, police said.  More »
Ryan Allen, product line manager for Baker Hughes, holds a disintegrating frac ball, which is made of controlled electrolytic metallic nanoconstructed material. It is one part of Baker Hughes' shadow frac plug, which eliminates a step in the traditional plug-and-perforate method of stimulating oil wells. When it dissolves in the well bore, it allows  hydrocarbons to flow to the surface. (Collin Eaton/Houston Chronicle)

Adversity stirs innovation at hydraulic fracturing conference

About 90 companies and more than 2,100 engineers and corporate representatives will gather at the Woodlands hydraulic fracturing conference this week to show off new technologies they hope will save oil companies money after the second-biggest collapse in crude prices in three decades.  More »
Arthur Perales III works on a gear reducer at the Weatherford rod-pump manufacturing plant Thursday, June 26, 2014, in Katy. (Brett Coomer/Houston Chronicle)

Weatherford to cut 5,000 jobs, mostly in western hemisphere

Oil field services company Weatherford International said late Wednesday it has begun cutting 5,000 jobs, 85 percent of which are in the western hemisphere, to cope with falling oil prices.  More »
(AP Photo/Dirk Lammers, File)

Broad coalition takes aim at renewable fuel mandate

The measure sponsored by Rep. Bob Goodlatte, R-Va., would preserve requirements for advanced cellulosic ethanol made from wood, grasses and other inedible plant material.  More »
(Bill Montgomery/Houston Chronicle)

Plains All American cuts growth forecast as prices fall

Houston-based Plains All American L.P. said it would cut its expansion capital spending from the $2.03 billion in 2014 by 9 percent to a 2015 total of $1.85 billion  More »
(Eddie Seal/Bloomberg)

These 19 counties generate the most oil and gas taxes for Texas

Which parts of the state are generating the most in oil and gas taxes?  More »
permian basin

Deloitte: We’ve seen bottom of oil prices

Crude oil prices continued an upward trend Tuesday but fell once again by Wednesday afternoon, when West Texas Intermediate was down $4.61 and trading at $48.44 per barrel.  More »
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