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.

(Kamil Porembinski/Flickr)

Worker remains missing as Chevron well continues to burn

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State environmental officials and expert firefighters brought in by Chevron have been continuing to monitor a burning Marcellus Shale natural gas well in Pennsylvania. One worker still is unaccounted for.
Categories: Accidents, Natural gas
BPsign

BP’s multibillion-dollar sell-off enters new phase

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Even after selling off $38 billion in assets to slim down in the face of oil spill costs, BP could make trimming its balance sheet a habit.

(AP Photo/Dirk Lammers, File)

Report: Ethanol’s role could diminish as biofuels grow

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Biofuels consumption will increase by more than 57 percent over the next decade, but the proportion that comes from ethanol is likely to decline, according to new projections from market research firm Navigant Research.
Categories: Environment, Gasoline
Photo:  www.salon.com

Can a “Wall-Streeter” trade their suit and tie for a pair of coveralls?

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I’ve always felt that the expression “career path” is a misnomer: it implies that your way forward is clear from the get-go, and all you have to do is cross certain milestones before eventually making it to the top.
Of course, that’s not reality. Many people try out different things before settling on one track or area of specialization, and I can’t think of one fellow professional that will say their career has progressed without a single setback. In this column, I offer some advice to a professional looking to do a career “reset” from a position in finance; I hope that this column is helpful even if you’re planning a reset from any other industry!
Crewmen work a site for TransCanada's Keystone XL project in Wood County, Wednesday, Oct. 24, 2012, in Winnsboro. (Cody Duty / Houston Chronicle)

Keystone comments rushing in to State Dept.

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Members of the public have filed more than 3,500 comments voicing their opinions on Keystone XL, just a week after the feds — once again — solicited input on the controversial pipeline.
Photo: NordNordWest

Iraq considers more actions against Exxon for Kurd oil venture

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Iraq is considering additional measures against Exxon Mobil Corp. over deals the company signed with the semi-autonomous Kurdish region, Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said.
(Bill Montgomery/Houston Chronicle)

Fire reported at Connecticut power plant

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Firefighters in Connecticut are responding to a blaze at a power plant where an explosion in 2010 killed six people and injured several dozen others.
Categories: Accidents, Electricity