Fuel Fix

(David Paul Morris/Bloomberg)

Chevron to cut 950 jobs in Houston, 1,500 companywide

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Chevron currently counts about 8,000 Houston-area employees and fewer than 65,000 workers worldwide. Chevron had closer to 9,000 Houston workers two years ago.

Chevron to cut 950 jobs in Houston, 1,500 companywide

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(David Paul Morris/Bloomberg)
Chevron currently counts about 8,000 Houston-area employees and fewer than 65,000 workers worldwide. Chevron had closer to 9,000 Houston workers two years ago.
Halliburton CEO Dave Lesar (Melissa Phillip/Chronicle)

Paychecks rose for some Houston energy CEOs in 2014

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The 10 highest-paid executives in Houston last year all work in the energy industry, despite domestic oil’s long and lingering swoon.

U.S. District Judge Carl Barbier (Bloomberg News)

Louisiana official says judge ignoring state’s BP claims

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Louisiana Attorney General James Caldwell wants a court to transfer its spill-related claims from U.S. District Judge Carl Barbier.
Categories: Gulf oil spill
(martinluff/Flickr)

Texas town targets oil industry over rash of quakes (video)

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Authorities are trying to determine what’s been causing the earthquakes in an area about 20 miles northwest of Fort Worth. Many residents believe the tremors are related to injection wells used in the hydraulic fracturing or fracking process.
Categories: Environment

Tracy Olson/Flickr

Burgeoning Texas shale delivers $14B economic boost

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A new study estimates that the oil and gas industry had a $14.5 billion impact last year on the Cline Shale region, east of the traditionally busier drilling area of the Permian Basin.
Categories: featured, Shale, Texas
(Courtesy of LyondellBasell)

Natural gas boom spurs methanol rush

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The natural gas boom has turned the United States into a magnet for production of the chemical methanol, with nine major plants expected to be built, expanded or restarted in the country in the coming years.
Categories: Chemicals, Natural gas
handshake  behind a corporative building.Great for any design.

Energy deals plunge to 5-year low in 2013

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Oil and gas producers worldwide bought fewer assets and spent more on developing a huge stockpile of reserves and acreage in 2013, bringing merger and acquisition activity to its lowest level in five years.
Categories: Deals, Production, Shale
(Photo: Gveret Tered)

China’s largest coal company to learn shale in US deal

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China’s state-owned coal behemoth is heading to Pennsylvania to learn how to tap into natural gas embedded in shale.
Categories: Coal, Deals, Shale
(Image: Fotolia)

Crude extends plunge, ends below $94

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Prices have fallen 6.4 percent over the past week.
Categories: Crude oil, Gasoline