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
(AP file photo/John McConnico)

Arctic oil still seen decades off as producers balk at costs

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The Arctic holds 30 percent of the world’s undiscovered natural gas reserves and 13 percent of its undiscovered oil, according to U.S. Geological Survey estimates. Still, exploration of the Arctic ocean floor, where 84 percent of these resources are thought to be trapped, has suffered setbacks in recent years.
Categories: Arctic
Oil prices pulled back Wednesday after reaching highs for 2015 on Tuesday.

Oil edges down but underpinned by US cold weather

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The price of oil eased toward $102 a barrel Monday, taking a pause in a six-week rally that has been supported by U.S. demand for heating oil amid prolonged cold weather.
Categories: Crude oil, Markets

The Death Knell for Climate Change Orthodoxy?

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In the short space of less than two weeks, there have been several  climate change actions that might be signs bordering on desperation.  First, Secretary of State John Kerry stated that climate change was like a weapon of mass destruction.  And then, President Obama announced plans for additional heavy-duty vehicle fuel efficiency and greenhouse gas […]
Categories: General
Canary CEO Dan Eberhart

Q&A: Company’s business goes to its heads

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Canary, an oil field services company based in Denver, recently boosted its Texas presence with the acquisition of American Wellhead, an Odessa-based wellhead sales and service company active in the Permian Basin. Canary CEO Dan Eberhart spoke with FuelFix recently about the company’s activities.
Categories: Production
Jack Gerard, CEO of the American Petroleum Institute, speaks at a Houston Chronicle editorial board meeting June 18, 2013.

Oil leader cautions against creating new rail risks

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The oil industry’s leading trade group on Friday praised railroads’ plans to boost the safety of hauling crude across the country, but it cautioned against other changes that could create new risks.
Categories: Politics/Policy, Rail
Exxon

Exxon boosts crude oil portion of reserves

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Exxon Mobil Corp. increased the proportion of its reserves made up of oil to the highest in a decade as shale-drilling expertise acquired in the $35 billion XTO Energy deal was mobilized to find crude.
Categories: Crude oil
Oil Barrel

Crude oil remains above $102

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Oil is up 2 percent for the week.