Fuel Fix

(ALEXANDER KLEIN/AFP/Getty Images

Oil continues plunge after OPEC forecasts weak demand

The oil cartel said in its monthly report that falling demand won’t stop the growing global supply glut.  More »
(AP Photo/Gerald Herbert, File)

Judge rules BP’s Macondo well spilled 3.19 million barrels of oil into Gulf

A federal judge ruled Thursday that BP’s runaway oil well in 2010 spewed 3.19 million barrels of crude in in the Gulf of Mexico.  More »
Robert Drummond, President of Schlumberger North America (left) and Jeremy Aumaugher, South Division Operations Manager (Tom Reel/ San Antonio Express-News)

Schlumberger to cut 9,000 employees, including in Houston

Schlumberger’s profits fell 82 percent in the fourth quarter as it wrote down $1.7 billion in assets.  More »
A platform works on ConocoPhillips' Jasmine Field project in the North Sea. (ConocoPhillilps)

BP, ConocoPhillips to cut 530 jobs in the North Sea

In separate announcements Thursday, they said they’re both targeting jobs that support the offshore oil fields between the United Kingdom and Norway that have seen operational challenges and maturing petroleum basins in recent years  More »
Sen. John Thune, R-S.D., left, and Senate Minority Whip John Cornyn of Texas, right, listen as Senate Minority Leader Mitch McConnell of Ky., center, speaks during a news conference on Capitol Hill in Washington, Tuesday, Nov. 18, 2014. (AP Photo/Carolyn Kaster)

Poll: Republicans clash with voters on oil industry priorities

A new survey shows likely voters favor more renewable energy and slashing U.S. dependence on foreign oil — not the Keystone XL pipeline and crude exports.  More »
(AP Photo/Charles Rex Arbogast, File)

Natural gas draws larger than expected

The larger withdraw could lend at least some good news to a natural gas market struggling with a winter season opened with warm temperatures and huge natural gas production.  More »
(Jason Alden/Bloomberg)

BP cuts 200 North Sea staff, 100 contractors

Union officials fear other oil-related jobs will be cut by other firms soon as prices continue to soften.  More »
(Photographer: Eddie Seal, Bloomberg)

Increased U.S. output bolsters oil glut fears

U.S. output surged to 9.19 million barrels a day last week, the fastest pace in weekly records dating back to January 1983, the Energy Information Administration reported yesterday.  More »
(AP Photo/ Nabil al-Jurani, File)

Iraq to double exports of Kirkuk crude amid oil surplus

Iraq, holder of the world’s fifth-largest crude reserves, is rebuilding its energy industry after decades of wars and economic sanctions.  More »
apache corp. irion wolfcamp barnhart

Apache workers face layoffs as oil prices fall

Apache Corp. began lay offs of hundreds of workers across the globe, a company spokeswoman said, becoming the latest energy company to shed jobs as oil prices fall.  More »
Yellow oil barrels

Crude prices rise but bear market may not be over

WTI for February delivery rose $2.59 to settle at $48.48 a barrel on the New York Mercantile Exchange.  More »
Ryan Lance, chairman and CEO of ConocoPhillips ( Marie D. De Jesús / Houston Chronicle )

ConocoPhillips CEO: Crude exports vote not ripe yet

Ryan Lance said the issue isn’t “quite ready yet” for a vote, despite intense lobbying by oil producers who favor lifting the 40-year-old ban on most crude exports.  More »
A Marathon Oil drilling rig works in the Bakken Shale of North Dakota. (Houston Chronicle)

Diamondback Energy to delay drilling, push for cuts to service costs in 2015

Diamondback said that it expects the cost of a horizontal well with a 7,500-foot lateral segment to fall to between $6.2 million and $6.7 million.  More »
(Photographer: Brittany Sowacke/Bloomberg)

San Antonio-based driller cutting 20 percent of workforce

Last April at an Eagle Ford event, a company official said that Lewis had grown from 300 employees to around 1,300. By the fall, a news release from the Texas Workforce Commission said the company was at 1,200 employees just at its Encinal operations center.  More »
Port Corpus Christi 3 BRO

Stocks of crude oil rise across U.S. to new high

Crude inventories expanded by 5.4 million barrels to 387.8 million barrels, more than expected and the highest level recorded in January.  More »
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