Fuel Fix

The Astrodome overshadows an entrance to the Offshore Technology Conference at NRG Park on Thursday, May 8, 2014, in Houston. ( J. Patric Schneider / For the Chronicle )

OTC setup underway at NRG Center

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Categories: featured, OTC
The floor of the massive OTC conference is already filling up with booths, models and gadgets. The event begins May 4 at NRG Center.

OTC setup underway at NRG Center

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Categories: featured, OTC
The Astrodome overshadows an entrance to the Offshore Technology Conference at NRG Park on Thursday, May 8, 2014, in Houston. ( J. Patric Schneider / For the Chronicle )
The floor of the massive OTC conference is already filling up with booths, models and gadgets. The event begins May 4 at NRG Center.
(AP Photo/Paul Sakuma, File)

Chevron earnings fall 50 percent along with crude prices

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The San Ramon, California-based company said Friday that its average realized price for a U.S. barrel of crude was $43 in the first quarter of 2015, compared to $91 per barrel in the same three months last year.

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    OTC through the years

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    The Offshore Technology Conference held its first event in 1969. Look back through 46 years of history at photos from the early days of Houston’s biggest conference.
    Categories: featured, OTC
Jiang Jiemin, chairman of PetroChina, left, is mobbed by journalists after attending an IPO ceremony for PetroChina at the Shanghai Stock Exchange in Shanghai. (AP Photo)

China indicts former oil boss on corruption charges

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Jiang Jiemin was charged with abusing his position at China National Petroleum Corp. and taking bribes, which led to large losses of public money, the national prosecutor’s office said in a statement.
Joe Kaeser, chief executive officer of Siemens AG. (Krisztian Bocsi/Bloomberg)

Siemens drops as oil price slump hurts profitability, sales

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Siemens is in the midst of cutting 9,000 jobs to save 1 billion euros in costs by 2017.
Categories: Crude oil, Europe

Lucas Schifres/Bloomberg

Report: Oil and gas on public lands a ‘blind spot’ in climate fight

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The report pinpoints rising methane emissions from oil and gas wells on public lands and waters as a significant share of the heat-trapping gases tied to all energy development nationwide.
Martin Craighead, president and CEO of Baker Hughes Incorporated, speaks at the facility located at 9110 Grogans Mill Road Monday, Feb. 3, 2014, in The Woodlands. (Melissa Phillip/Houston Chronicle)

Baker Hughes’ CEO talked with global conglomerate before Halliburton deal

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The CEO of Baker Hughes had met with a global conglomerate in Europe just weeks before his company struck a $35 billion deal to sell itself to Halliburton, new corporate disclosures show.
(Melissa Phillip/Houston Chronicle)

Transocean to scrap four rigs, stack four others

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The firm, which has its main U.S. offices in Houston, said Wednesday that scrapping the four rigs “in an environmentally responsible manner” will cost it $300 million to $325 million in non-cash charges during the first quarter.
Oil Boom Shifts The Landscape Of Rural North Dakota

Willbros Group may come under financial pressure in oil slump

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Willbros Group, an engineering firm that builds oil-industry projects, says it may not be able to pay off its debt if it can’t persuade lenders to alter its credit agreements.
Laboratory analyst, Syed Ali, takes some measurements in a lab in the research and development building, at the Baker Hughes facility. (Todd Spoth/For the Chronicle)

Dallas Fed: Texas job growth to slow, Houston to see the biggest impact

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Declines in the oil and gas industry, tight labor markets and weakening exports led to the revision, the Federal Reserve Bank of Dallas wrote Tuesday.
(Ty Wright/Bloomberg file)

Drilling data shows U.S. oil production is slowing

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Drillinginfo’s latest index shows 794,000 new barrels of oil equivalent per day were reaching the U.S. market in February.
(Dmitry Beliakov/Bloomberg News)

Anadarko buys into Colorado-to-Cushing pipeline project

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The Woodlands-based firm said Wednesday it has purchased a 20-percent stake in the pipeline company building the 550-mile Saddlehorn pipe, which is expected to start piping oil from the DJ Basin to the oil hub in Cushing in the middle of next year.

Drillinginfo: Oil production growth is slowing

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Growth in new U.S. oil production is slowing, though additional barrels continue to come onto the market, according to the latest index from the research and data firm Drillinginfo. Drillinginfo’s latest index shows 794,000 new barrels of oil equivalent per day were reaching the U.S. market in February. That’s down 9 percent over the number of new […]
Categories: Uncategorized
Dave Washington, left, Bobbie Thompson, and Kevin Hyde, 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)

Striking refinery employees could come back to work by end of March

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Last week, negotiators for Shell, which was representing the industry, and the union agreed on a deal that provides a national framework for contracts.
Categories: featured, Refining
conoco

ConocoPhillips to lay off 200 Canadian workers

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The Houston-based independent said the layoffs will affect 7 percent of the company’s Canadian workforce.
Homes in The Lakes of Cypress Forest subdivision on Thursday, April 11, 2013, in Houston ( Smiley N. Pool / Houston Chronicle )

Report: Texas housing more resilient to oil prices

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Texas’ real estate market should be able to weather lower oil prices better than it did in the 1980s, but if prices fall further, the results could be much more dire, a Texas A&M real estate economist says.
Categories: Crude oil, Shale, Texas
Interior Secretary Sally Jewell is briefed before a March 18, 2015 government auction of drilling rights in the central Gulf of Mexico. (Photo: Bureau of Ocean Energy Management)

Feds collect millions in Gulf oil drilling sale, despite falling prices

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Slumping oil prices tempered some of the industry’s enthusiasm for new drilling rights in the Gulf of Mexico — but not much.
The FPSO Petrojarl Knarr is producing oil for BG Group off the coast of Norway. (image courtesy BG Group)

BG Group announces production from North Sea field

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The Knarr oil field was discovered in 2008, and BG Group estimaes it has 80 million barrels of oil equivalent in gross recoverable reserves.
Categories: Crude oil, Offshore