Fuel Fix

Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)

Anadarko Petroleum cuts dividend 81 percent

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The cut will save the company $450 million annually.

Anadarko Petroleum cuts dividend 81 percent

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Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)
The cut will save the company $450 million annually.
(Andrew Burton/Getty Images)

IEA: Oil glut could still grow in second half of 2016

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The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.
Surging U.S. production in Texas' Eagle Ford Shale and elsewhere has flooded the global oil markets and cut prices in half, despite a small rise Friday.  ( Gary Coronado / Houston Chronicle )

Oil falls Wednesday as inventories rise

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Worries about the extra crude oil sent prices down $1.20 per barrel or 3.2 percent in early trading, leaving the benchmark U.S. price at $36.67 per barrel.
Categories: Crude oil
(Daniel Acker/Bloomberg)

U.S. steelmakers suffering amid oil price slide

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Helping explain the capacity decline is faltering demand for steel pipes and drill bits used in the energy industry after the price of oil plunged 66 percent in the past 18 months.
Categories: Crude oil
In this April 24, 2015 photo, pumpjacks work in a field near Lovington, N.M. (AP Photo/Charlie Riedel)

Oil investors suffer record second year of misery

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The North American shale and oil-sands plays have been bludgeoned by OPEC’s policy change.
Categories: Crude oil
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Amid crude oil glut, ship owners are seeing a huge windfall

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Tanker analysts are predicting the rate boom will persist for many of the same reasons oil forecasters are bearish.
Categories: Crude oil
Richard D. Kinder Chairman of the Board and CEO of Kinder Morgan, Inc. during the luncheon keynote IHS Energy CERAWeek Wednesday April 22, 2015 at the Hilton Americas-Houston. (Billy Smith II / Houston Chronicle)

In 2015, more than a dozen new faces stepped into energy CEO roles

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Some of the most notable changes were at Houston-based companies.
(Flickr user martinluff)

4.3-magnitude earthquake rattles central Oklahoma

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The quake struck at 5:39 a.m. near the city of Edmond, which is a suburb north of Oklahoma City, according to preliminary data from the U.S. Geological Survey.
(David Paul Morris/Bloomberg)

Tennessee AG sues Chevron over petroleum spill cleanup costs

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Money from the tax — four-tenths of a cent per gallon — is intended as a last-resort fund for owners who cannot afford spill cleanup costs.
Categories: Crude oil, Legal issues
The DuPont Co. headquarters office stands at the company's Chestnut Run Plaza Campus in Wilmington, Delaware, U.S., on Wednesday, Dec. 9, 2015. Dow Chemical Co. and DuPont Co., two historic giants of American industry, are considering a merger that would ultimately dismantle both along lines proposed by activist investors over the past two years. Photographer: Scott Serio/Bloomberg

DuPont moves ahead on job cuts ahead of Dow merger

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Dow and DuPont announced earlier this month that they would join to create a giant chemical producer that will eventually be split into three independent companies.
Categories: Chemicals, Deals, Workforce
Leigh-Ann Russell (BP)

BP executive: Recruiting talent, investing in workers “the right thing to do” in oil slump

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It may be difficult to maintain the same level of robust hiring that defined the heady days of the shale boom, but it’s critical for energy companies to continue recruiting new talent to prepare the industry for the inevitable rebound, Leigh-Ann Russell, vice president of performance in BP’s global wells organization said.
The sun sets beyond an oil pumping unit, also known as a "nodding donkey" or pumping jack, at a drilling site operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Morningstar: The outlook is bleak for oil in 2016

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The conclusion drawn by the group mirrors the pessimistic outlooks that have become the consensus at other analyst groups and at energy companies themselves.
Categories: Crude oil, featured, Markets
Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug. 30, 2013. (Susana Gonzalez/Bloomberg)

Commentary: Mexico’s third-round of lease auctions gives domestic energy industry a jump-start

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The 25 onshore leases — including four medium-size blocks and 21 small fields — attracted significant interest from energy companies.
Categories: Crude oil, Latin America
(Ty Wright/Bloomberg)

Houston gasoline average dips below $1.75 a gallon

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The Houston average for regular unleaded ticked down to $1.73 this week — the lowest since early 2009 — while the statewide average is just slightly higher at $1.76 a gallon.