Fuel Fix

(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

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The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”

Shell to ax thousands of jobs amid $7 billion in spending cuts

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(Photographer: Andrey Rudakov/Bloomberg)
The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”
Anadarko Petroleum Corporation CEO Al Walker, gives a speech after his company won top ranked large employer during the Houston Chronicle's Top Workplaces Awards Gala, Thursday, Nov. 8, 2012, in Houston. (Nick de la Torre/Houston Chronicle)

Anadarko CEO: Outlook still uncertain for shale comeback

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Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.

Oil Barrel

Oil closes week still above $100 a barrel

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Some economic indicators raised concerns about the strength of oil demand in the U.S.
Roger B. Plank, chief financial officer and executive vice president of Apache Corporation, speaks at the Oil & Gas Conference in Denver, Colorado in 2006. (Matthew Staver/Bloomberg News)

Apache president steps down, new CFO announced

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Apache President and Chief Corporate Officer Roger Plank will step down after 32 years with the Houston-based oil and gas producer, the company announced Friday along with other leadership changes.
Categories: People

Burned out vehicles sit among the ruins following a natural gas pipeline explosion in Knifley, Ky. on Thursday, Feb. 13, 2014. The underground line in rural southern Kentucky exploded early Thursday, sending two people to the hospital and destroying two homes, (AP Photo/Timothy D. Easley)

Gas line blast injures two, destroys homes

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The 30-inch pipeline, which was about 20 feet underground, is owned by Columbia Gulf Transmission. It brought fresh fears to some residents who are opposing a nearby pipeline project by Williams Co.

Methane Hydrate: The Energy Source of the Future. (Maybe).

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Some areas of the world are getting desperate to find new sources of energy. In recent days I’ve read about such wacky ideas, from creating fuel from old plastic bags to converting beer waste into electricity. All the while, there are global energy sources going unharnessed, leading to cows literally blowing the doors off barns. There is one source, however, […]
Categories: LNG, Natural gas
(AP Photo/Mark Lennihan, File)

Texas rises among largest solar-energy workforces

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Texas last year jumped two spots in the top ranks of states leading the nation’s solar payroll, a new report shows.
Categories: Solar, Workforce
David Blackmon is managing director of Strategic Communications for Houston-based FTI Consulting. Prior to joining FTI in 2012, he worked on public policy issues for a number of oil and gas companies,  including Shell, Burlington Resources, El Paso Corp., and Coastal States.

Guest commentary: Ceres report misses key facts on oil industry’s water use

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Oil industry consultant David Blackmon says the new Ceres report on Texas water use focuses on the oil and gas industry for ideological reasons. Anyone interested in really addressing this state’s looming water issues in any real way should focus their attention elsewhere, he says.
(Billy Smith II/Houston Chronicle)

Enbridge reports first quarterly loss in two years on hedging

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Enbridge Inc., the largest transporter of Canadian crude to the U.S., reported its first quarterly loss in two years on hedging contracts.
Categories: Canada, Pipelines