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.

(AP Photo/Gerald Herbert, File)

Court upholds 2012 oil spill settlement

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A federal appeals court has upheld a judge’s approval of a multibillion-dollar settlement between BP PLC and lawyers for Gulf Coast businesses and residents who claim the company’s 2010 Gulf of Mexico oil spill cost them money.
AFP PHOTO / Karen Bleier

Houston company appeals big fine in N. Dakota

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Stallion Oilfield Services was fined $2.6 million for allegedly operating illegal temporary housing.

Alaska Gov. Sean Parnell speaks in Houston in 2013. (James Nielsen / Houston Chronicle )

Alaska unveils new way forward on gas line

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Gov. Sean Parnell said he would seek legislative approval for a new agreement with TransCanada .
Seismic-and-Exxon

Feds promise report next month on effects of Atlantic seismic testing

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Marking a significant step toward eventual oil drilling off the East Coast, the Interior Department is set to soon publish a final assessment of the environmental effects of a new generation of seismic research in U.S. Atlantic waters in February.
Categories: Politics/Policy
Exxon Mobil CEO Rex Tillerson

Exxon chief: US will be energy secure by 2020 (video)

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The United States will be energy secure by the end of the decade, Exxon Mobil CEO Rex Tillerson told CNBC Thursday.
Categories: Asia, Shale
A new group, called Texans for Reliable Power, ran a full-page ad Thursday in the Austin Statesman that warns of future power shortfalls in Texas if market modifications are not made. This is the top of the ad.

Interest groups point fingers over Texas’ near-blackout

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Generators are arguing that Monday’s electricity shortage is related to poor incentives for construction; opponents say that poor planning and maintenance could be the root cause.
Categories: Electricity
KiOR's facility in Columbus, Miss. (KiOR)

Biofuels producer stops production to make improvements

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Officials with KiOR, which owns the biomass conversion facility in Lowndes County, will use the first quarter of 2014 to focus on improving its operations not producing fuel.
Categories: Biofuels