Fuel Fix

Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

ConocoPhillips to cut 10 percent of global workforce

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ConocoPhillips said Tuesday it is planning to cut roughly 1,800 employees, or 10 percent of its global workforce, in the next several weeks as it deals with low oil prices.

ConocoPhillips to cut 10 percent of global workforce

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Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)
ConocoPhillips said Tuesday it is planning to cut roughly 1,800 employees, or 10 percent of its global workforce, in the next several weeks as it deals with low oil prices.
permian basin

W&T Offshore to sell Permian assets for $376 million

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W&T Offshore has agreed to sell its stake in a West Texas oil field to a private equity start-up company for $376 million, the latest oil deal geared toward supporting a seller’s financial books amid cheap oil prices.
Categories: Crude oil, Deals, featured, Texas
CVR Energy was named to the Chronicle 100 list of leading companies. CVR s Coffeyville operations, both the refinery and the fertilizer plant.  (Houston Chronicle)

CVR Partners makes $533 million buy to grow as fertilizer giant

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The deal will exclude Los Angeles-based Rentech’s plant in Pasadena, Texas, which is touted as the largest producer of synthetic granulated ammonium sulfate fertilizer in North America.
LyondellBasell saw a 13 percent boost in second quarter profits thanks to continued access to cheap natural gas and natural gas liquids.

LyondellBasell to acquire Indian chemical manufacturer

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LyondellBasell, which is operated out of Houston, announced early Monday that it entered into a definitive agreement to buy SJS Plastiblends PVT based in Maharashta, India. The terms of the deal were not disclosed in the announcement.
Categories: Chemicals
(Daniel Acker/Bloomberg)

Oil speculators move in, but price slide continues

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A persistent global surplus has made the biggest oil companies more pessimistic about a swift price recovery.
(Jeff Pachoud/AFP/Getty Images)

U.S. pump prices slip to three-month low

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Pump prices declined to the lowest level since an April 24 survey due to lower crude oil prices in combination with high output from refineries.
Warren Buffett -- chairman, president & CEO of Berkshire Hathaway -- gestures during a 2013  interview.  (AP Photo/Nati Harnik, File)

Buffett to acquire engineering giant in $37.2 billion deal

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The target company uses advanced engineering technology to make metal industrial components for jet engines and power plants as well as pipes for the oil and gas industry.
Categories: Deals, featured
(Spencer Platt/Getty Images)

Oil to see only slight recovery in 2016, Moody’s says.

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The credit ratings and market analysis group said it had cut its U.S. oil price forecast to $50 per barrel in 2015 and to $52 per barrel in 2016.
Categories: Crude oil
Shoreline Cleanup Assessment Technique team members, left, evaluate oil coverage as a hand crew worker scraps areas affected by an oil spill at Refugio State Beach, north of Goleta, Calif., on Wednesday, June 10, 2015.  (AP Photo/Damian Dovarganes)

Justice Department probes Plains pipeline spill

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Plains disclosed the ongoing probes and the possibility of civil and criminal charges tied to the incident in an earnings filing this week.