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
Iranian flag

Iran to woo oil companies with ‘sexy’ contracts, Total CEO says

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Iran plans to offer oil companies improved terms to develop oil and natural gas fields once a trade embargo against the country is lifted, Total SA (FP) Chief Executive Officer Christophe de Margerie said.
Categories: Crude oil, Middle East
The growth of renewable energy could slow unless the industry gets more certainty about policies surrounding them, the International Energy Agency said in a new report. (Sean Gallup/Getty Images)

Germany tax on own use of renewables is first in Europe

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Germany is set to become the first nation inEurope to charge owners of renewable energy plants for their own use of electricity, part of Chancellor Angela Merkel’s effort to contain rising power bills.
Categories: Europe, Solar, Wind
Kurt Mix (center) arrives at the Hale Boggs Federal Building in New Orleans, Tuesday, Dec. 3, 2013.  (AP Photo/Jonathan Bachman)

Juror interviews at issue in ex-BP engineer’s case

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A former BP engineer is basing his request for a new trial on improper interviews with jurors who had convicted him of trying to obstruct a federal investigation of the company’s 2010 Gulf oil spill, federal prosecutors say.
Gustavo Madero, president of Mexico's National Action Party, speaks at the Mayer Brown law firm's Mexico Energy Reform Breakfast Seminar on Jan. 21, 2014, at the Four Seasons Hotel in Houston. (Emily Pickrell/Houston Chronicle)

Mexico’s opposition leader discusses impact of energy policy overhaul

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During a visit to Houston last week, Gustavo Madero, president of Mexico’s opposition National Action Party, spoke with FuelFix about how the nation’s new energy reform policy will affect Pemex and other aspects of the nation’s energy landscape.
FTS International workers and equipment conduct simultaneous fracturing on a multiple well pad site in Fort Worth Basin. (FTS International)

Pumps move to the Permian under market pressure

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Rigs designed for horizontal drilling made a big move last year into the Permian Basin, the last major U.S. oil patch to remain a stronghold for older vertical units. But that’s small relief two years after a surge of oil field services startups left the U.S. market with far too much fracturing equipment and sent prices for fracturing jobs plummeting.
A crane stands next to Petroleos Mexicanos (Pemex) signage displayed on the company's La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug.30, 2013.  (Susana Gonzalez/Bloomberg)

Pemex sees production ventures as early as year end

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Petroleos Mexicanos, Mexico’s state- owned oil company, expects to sign its first exploration and production agreements with international companies as early as year-end after Mexico ended its 75-year monopoly.
Shell's Perdido oil and natural gas platform  located  200 miles off the coast of Texas in the Gulf of Mexico (Melissa Phillip / Houston Chronicle )

Feds will wait til March to open sealed Gulf bids

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Oil companies that hope to nab new drilling leases near the U.S.-Mexico boundary in the Gulf of Mexico will have to wait a little longer to see if they were successful.