Fuel Fix

Dave Lesar, third from right, chairman and CEO of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City. (Photo by Spencer Platt/Getty Images)

Halliburton leaders suggest layoffs to hit North America

Halliburton acknowledged challenges ahead for the company as it faces pressure from exploration and production companies who are reeling from a more than 50 percent drop in the price of oil.  More »
G. Steven Farris, chairman and chief executive officer of Apache Corp. ( Cody Duty / Houston Chronicle )

Apache CEO Farris retires

John Christmann, the company’s executive vice president and chief operating officer for North America, will succeed him.  More »
(stockyimages)

Schlumberger to pay $1.7B for stake in Russian energy company

Schlumberger will spend about $1.7 billion for a minority stake in a big Russian energy company at a time when the country’s relations with the West are under strain and as energy prices hit multiyear lows  More »

Fire boat response crews battle the blazing remnants of the BP operated off shore oil rig, Deepwater Horizon, in the Gulf of Mexico in 2010. (AFP/Getty Images)

BP penalty trial begins in New Orleans

A federal judge on Tuesday will hear arguments from BP and U.S. government attorneys and experts in the long-running civil case over the 2010 Gulf of Mexico oil spill.  More »
(AP Photo/Richard Drew)

Baker Hughes to lay off 7,000 after record-breaking quarter

The oil services company reported that net income in its final quarter rose to a record high of $629 million.  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)

Senate tees up votes on Keystone XL, exports, climate

The chamber is expected to vote on as many as three amendments to GOP-backed legislation to authorize the TransCanada Corp. pipeline on Tuesday, with more than four dozen other possibilities on the horizon.  More »
(Image: Fotolia)

Canadian drilling services firm files bankruptcy

A Canadian company that expanded into South Texas in 2012 with a pioneering waterless technique to fracture shale rock has filed for bankruptcy protection as it seeks to reorganize.  More »
(Kin Man Hui/San Antonio Express-News)

Measure would void new North Dakota flaring, oil rules

In December, the commission required oil companies that ship millions of gallons of crude a week by rail to reduce the oil’s volatility by removing certain liquids and gases before it’s loaded onto train cars.  More »
(Photographer: Daniel Acker/Bloomberg)

Commentary: How to survive a bust

Some recession lessons for workers worried about being on the wrong side of the latest oil bust.  More »
(Photographer: Eddie Seal, Bloomberg)

More Texas drillers slashing spending

Several Permian Basin drillers have said that they’re planning smaller budgets for 2015.  More »
(AP Photo/Vahid Salemi, File)

Iran sees ‘no threat’ from $25 oil

OPEC has made no decision to reduce its production ceiling despite a worldwide supply glut that’s driving down prices.  More »
(Alexander Zemlianichenko Jr./Bloomberg)

Exxon begins production from Russian field

The entire project has a total daily production of more than 200,000 barrels.  More »
(AP Photo/Gerald Herbert, File)

Anadarko oil spill fines cut by $1.1 billion after ruling

The Woodlands-based oil company had owned 25 percent of the doomed Macondo well and is on the hook for up to $1,100 in fines for every barrel that reached the Gulf of Mexico in 2010.  More »
Anadarko Petroleum Corp. said it pumped its first barrels of oil Friday from its Lucius project in the Gulf of Mexico, pictured here.

Anadarko pumps first oil at Lucius field in the Gulf

Anadarko Petroleum Corp. has harvested the first barrels of petroleum at its Lucius project in the Gulf of Mexico, one of the biggest startups expected in the U.S. offshore region this year.  More »
(AP photo/Brennan Linsley)

Kansas official links earthquakes to disposal of waste water

The state recorded more than 120 earthquakes last year, up from zero in 2012.  More »
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