Fuel Fix

Anadarko Petroleum Corporation CEO Al Walker, gives a speech after his company won top ranked large employer during the Houston Chronicle's Top Workplaces Awards Gala, Thursday, Nov. 8, 2012, in Houston. (Nick de la Torre/Houston Chronicle)

Anadarko CEO: Outlook still uncertain for shale comeback

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Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.

Anadarko CEO: Outlook still uncertain for shale comeback

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Anadarko Petroleum Corporation CEO Al Walker, gives a speech after his company won top ranked large employer during the Houston Chronicle's Top Workplaces Awards Gala, Thursday, Nov. 8, 2012, in Houston. (Nick de la Torre/Houston Chronicle)
Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
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.

A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Oil crash sent Canada into first-half recession, TD says

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The Bank of Canada will probably cut its 0.75 percent key interest rate for the second time this year at its July 15 meeting to revive growth, and not raise it until mid-2017. That will probably keep Canada’s exchange rate below 80 U.S. cents through this year, he said.
Categories: Canada, Crude oil
Low clouds blanket Anchorage, Alaska, east of downtown, on Friday morning, December 7, 2012. An optical illusion known as Fata Morgana distorts the view of the mountains west of Cook Inlet. Alternating warm and cold layers of air bend light to create the effect. (Marc Lester/Anchorage Daily News/MCT)

Hilcorp acquires Exxon Mobil subsidiary’s Alaska assets

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The new deal is part of Hilcorp’s expansion in the state. The company arrived four years ago and has since become a major player in oil and gas in Cook Inlet and the North Slope.
Categories: featured, General

(AP Photo/Brennan Linsley)

Refracking is the new fracking

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America’s tight-oil production is set to peak in 2020, based on U.S. forecasts, but a technique known as refracking could keep output booming for longer by increasing the yield from old wells.
This Thursday, April 19, 2012 file photo shows the ConocoPhillips refinery in Trainer, Pa., near Philadelphia.  Delta Air Lines Inc. bought the refinery as part of an unprecedented deal that it hopes will cut its jet fuel bill. A Delta subsidiary paid $150 million, including $30 million in job-creation assistance it is getting from the state of Pennsylvania. (AP Photo/Alex Brandon)

As Delta refinery snaps up Nigerian crude, U.S. producers ask Congress for freedom to export

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The purchases mark a shift for the refinery, which had largely stopped importing Nigerian oil two years ago and had shifted to largely North American supplies, which have been trading at a discount to global crude.
A worker at Valero Energy's refinery in Three Rivers, Texas, Oct. 12, 2012. Refining, once regarded as a low-margin, accident-prone part of the energy industry, is doing better in part because of cheaper natural gas and domestic crude oil. (Michael Stravato/The New York Times)

Chemical plants and refineries hoping to hire laid off oil and gas engineers

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The global oil slump is striking the upstream sector at a critical moment for downstream companies as they scramble to address a growing problem of a lack of qualified middle-management workers rising through the ranks, according to a new analysis by executive search firm Proco Global.
OTC 2013

Technip to lay off 6,000 workers

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The Paris-based firm, which has its main U.S. offices in Houston, said Monday the move will save it $919 million over the next two and a half years, with the bulk of those savings coming in 2016.
An oil well owned an operated by Apache Corporation in the Permian Basin are viewed on February 5, 2015 in Garden City, Texas. (Photo by Spencer Platt/Getty Images)

Oil sinks as shale resilient, Iran deal deadline nears

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U.S. crude fell sharply Monday amid signs that booming American shale plays aren’t yielding much output to the oil slump and as Iran comes closer to clinching a deal that could put its oil back into international markets.