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 Photo/Kevork Djansezian, file)

Occidental Petroleum to split, move to Houston

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Occidental Petroleum Corp. today announced its plans to move the company to Houston and spin-off another business that will be based in California.
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Oil industry seeks break on gasoline sulfur limits

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Oil industry lobbyists are making a last-ditch appeal to the Obama administration to soften looming new limits for sulfur in gasoline, warning that without changes, the mandates could send fuel costs up and force some refineries offline.
Categories: Environment, Gasoline
A Petronas logo is seen near its twin towers in Kuala Lumpur, Malaysia.  (AP file photo/Lai Seng Sin)

Exxon Mobil starts production at new field in Malaysia

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Exxon Mobil Corp. has started production at a new natural gas field off the coast of Malaysia, the company said late Thursday.
Categories: Asia, Natural gas
(Victor Dubreuil)

Nigeria orders audit for billions in missing oil revenue

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The Central Bank last year reported nearly $50 billion worth of oil sold by the state oil corporation had not been paid to the government.
Categories: Africa
Money Roll

Alaska spill-prevention account facing shortfall

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An account used for the cleanup of contaminated sites, non-emergency spill response and other activities soon will not have enough money to keep up with costs, the director of the state’s Division of Spill Prevention and Response told lawmakers Thursday.
Categories: Accidents, Arctic
(Image: Fotolia)

Oil price falls below $100

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Oil prices fell Friday as fresh U.S. economic data and higher-than-expected crude supplies pointed to weak demand.
Categories: Crude oil, Markets
(AP Photo/Chris Carlson)

Huge thermal plant opens as solar industry grows (photos)

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A windy stretch of the Mojave Desert once roamed by tortoises and coyotes has been transformed by hundreds of thousands of mirrors into the largest solar power plant of its type in the world, a milestone for a growing industry.
Categories: Solar