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.

Former FBI Director Louis Freeh.  (Associated Press)

Attorneys deny improper actions in BP spill claims

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Their lawyers say there is no evidence supporting a former FBI director’s contention that the attorneys acted improperly
Categories: Gulf oil spill
(Image: Fotolia)

Oil price holds near $94

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The price of oil finished the week 2 percent higher.
Categories: Crude oil, Gasoline

Cheniere Energy Chief Financial Officer Davis Thames speaks at the World Oil & Gas Summit at the Hilton Americas in downtown Houston on Nov. 5. (Zain Shauk/Houston Chronicle)

Cheniere replaces finance chief after six months

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Cheniere Energy replaced its chief financial officer six months after promoting him to the position, announcing the change in a regulatory filing published late Thursday.
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Stallion Oilfield Services settles North Dakota housing fine

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Houston-based Stallion Oilfield Services said officials in North Dakota reduced a proposed fine relating to temporary housing the company built there from $2.6 million to $ 26,000 in a settlement agreement.
Canadian Foreign Minister John Baird (L), US Secretary of State John Kerry (C) and Mexican Foreign Minister Jose Antonio Meade walk after conducting a press conference at the US State Department during the North America Trilateral Ministerial meetings in Washington. ( AFP Photo/Paul J. Richards/Getty Images)

Kerry: No rush to decide on Keystone XL pipeline

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Kerry said “a lot of questions” have been raised on the 1,700-mile pipeline proposed by Calgary-based TransCanada. He said the questions require answers.
(Image: Fotolia)

Dutch to reduce natural gas production due to earthquakes

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The Dutch Cabinet has decided to reduce the amount of gas produced from fields that lie under the country’s northernmost province by 6 percent, as the mining has caused earthquakes and damaged houses in the region.
(AP file photo/Paul Sakuma)

Oil and gas drilling sales help GE’s fourth quarter

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General Electric Co. posted increased revenue and profit for the fourth quarter on rising sales in emerging markets, higher banking profit, and stronger global sales of aircraft engines and oil and gas drilling equipment.