Fuel Fix

An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)

Pioneer Natural slashes budget, halts drilling amid oil-price crash

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The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.

Pioneer Natural slashes budget, halts drilling amid oil-price crash

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An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)
The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.
(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

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Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.
A worker uses heavy equipment to attach drilling pipe sections on an oil drilling platform 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

Russia ends 2015 with weekly oil production setting a record

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Oil is poised for its biggest two-year loss on record in New York as an expansion in U.S. crude stockpiles and rising production from Russia and the Organization of Petroleum Exporting Countries exacerbate a global glut.
Categories: Crude oil, Europe
The sign outside the Statoil oil company headquarters in Stavanger, Norway. (AP Photo / Kent Skibstad, NTB scanpix)

Wave hits North Sea drilling rig, killing 1

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Statoil said it was assisting in the “evacuation of the rig down to the safety crew.”
Categories: Accidents, Europe
A worker fixes a spot weld, at the main assembly warehouse, at the Baker Hughes facility, Thursday, May 12, 2011 in Tomball, Texas. (Todd Spoth/For the Chronicle)

Unemployment falling in most big Texas cities, except for Houston

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In all, unemployment fell or was unchanged in 13 out of the 25 metropolitan areas tracked in the Labor Department data.
Categories: Crude oil, Texas
The SKS Trent oil tanker passes through the Houston Ship Channel near Morgan's Point, Texas as Ed Phillip fishes on October 14, 2004.  Crude oil rose to a record $54.76 a barrel in New York after an Energy Department report showed that
U.S. supplies of heating oil plunged last week.
Photographer: Craig Hartley/Bloomberg News

ConocoPhillips, NuStar say they’re first to export U.S. oil

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The two companies said they plan to finish loading the Eagle Ford crude cargo on Thursday at the Port of Corpus Christi.
(SAMAD/AFP/Getty Images)

Another drop in energy stocks leads market lower

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Volatility in energy markets continued, with the benchmark U.S. crude contract losing some of its overnight gain.
Categories: Crude oil, Markets
(Daniel Acker/Bloomberg)

Enterprise Products completes Texas-to-Louisiana pipeline project

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The 270-mile Aegis pipeline, which runs to Napoleonville in Louisiana, begins at Enterprise’s natural gas liquids hub near Houston.
Ben van Beurden, chief executive officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London, U.K., on Thursday, Jan. 29, 2015. Van Beurden pledged to do all he can to maintain payments to shareholders of Europe's largest oil company after crude prices fell by more than half in the past six months. Photographer: Chris Ratcliffe/Bloomberg  *** Local Caption *** Ben van Beurden

Shell producing Irish natural gas after decade of project delays

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The Anglo-Dutch oil major on Wednesday said it aims to pump enough gas from the Corrib gas field to quench as much as 60 percent of Ireland’s demand for gas.
Categories: Europe, Natural gas
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.