Fuel Fix

Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)

ConocoPhillips to cut 10 percent of global workforce

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ConocoPhillips said Tuesday it is planning to cut roughly 1,800 employees, or 10 percent of its global workforce, in the next several weeks as it deals with low oil prices.

ConocoPhillips to cut 10 percent of global workforce

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Ryan Lance, ConocoPhillips CEO, speaks during the opening panel discussion of the 2015 IHS Energy CERAWEEK. (Brett Coomer/Houston Chronicle)
ConocoPhillips said Tuesday it is planning to cut roughly 1,800 employees, or 10 percent of its global workforce, in the next several weeks as it deals with low oil prices.
permian basin

W&T Offshore to sell Permian assets for $376 million

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W&T Offshore has agreed to sell its stake in a West Texas oil field to a private equity start-up company for $376 million, the latest oil deal geared toward supporting a seller’s financial books amid cheap oil prices.
Categories: Crude oil, Deals, featured, Texas
Ol sands - a mixture of clay, sand and bitumen -- are removed from a Suncor mine in Alberta, Canada. (Jennifer A. Dlouhy / The Houston Chronicle)

Oil-sands cargos face tougher US rail-shipping rules

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Train shipments of crude are under review across North America after a U.S. emergency order requiring new safety measures to prevent accidents.
Categories: Canada, Rail
An LNG tanker offloads in Cove Point, Md., in 2003.  (AP Photo/ Matt Houston)

Federal law blocking cheap Texas fuel from reaching frozen East Coast

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As freezing weather drained stockpiles of propane to their lowest seasonal level in two decades on the U.S. East Coast this month, shivering New Englanders couldn’t tap abundant supplies sailing out of Texas. The reason? The Jones Act.
Categories: Markets
Fragmented and disappearing marsh, which was formerly cypress forest, in St. Bernard Parish, just outside New Orleans. (AP Photo/Gerald Herbert)

Battle shaping up over ‘Big Oil’ lawsuit bill

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Supporters of a south Louisiana flood control board’s lawsuit against scores of oil and gas companies over erosion of coastal wetlands announced plans Thursday to fight legislation they say could undermine not only the lawsuit but the political independence of the board.
(Clean Energy Fuels)

Researchers: Natural gas vehicles will see rapid rise globally through 2023

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The number of light-duty vehicles running on natural gas will more than double over the next decade to 39.8 million traveling on roads worldwide, according to a new report by research firm Navigant.

Growing Momentum for Energy Exports?

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Support for lifting restrictions on U.S. energy exports is gaining momentum in Congress.  Recently, members of the House Energy and Commerce Committee put their support behind the growing chorus to lift restrictions on U.S. energy exports.  They join Senators Murkowski and Landrieu, the ranking member and now-chair of the Senate Energy and Natural Resources committee. […]
Categories: General
Oil Barrel

Oil and natural gas down slightly; pump prices up

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Energy markets were relatively tame Wednesday, with both oil and natural gas showing small declines. Benchmark U.S. crude for April delivery slipped 19 cents to close at $102.40 a barrel on the New York Mercantile Exchange. Natural gas futures fell 3 cents to $4.51 per 1,000 cubic feet as weather forecasts indicate households won’t have […]
Shell-Logo-323x300

Shell Nigeria closes major pipeline, cites theft

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Shell said it hopes to reopen it as soon as possible.
Categories: Africa