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/Carolyn Kaster)

Houston firm moves into Eagle Ford with trucking buys

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Houston-based Leslie Doggett Industries has acquired multiple South Texas heavy equipment and truck companies for $30 million.
Categories: General
(AP Photo / Kent Skibstad, NTB scanpix)

Statoil said to eye overseas deals as government loosens control

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Statoil ASA is the giant of Norway’s economy and looms large emotionally, as a symbol of Norway’s resource wealth and engineering prowess. But it may soon get less Norwegian.
Categories: Europe
People walk by damaged vehicles and road following a pipeline explosion in Qingdao in east China's Shandong province Friday, Nov. 22, 2013. Leaked oil from a ruptured oil pipe, owned by China's largest oil refiner, Sinopec, caught fire and exploded Friday in an eastern Chinese port city, killing and injuring many people. (AP)

China blames leaking, sparks for deadly oil blast

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A November pipeline explosion in northern China that killed 62 people was caused by sparks from a jackhammer igniting oil that had leaked into the sewage system, revealing major vulnerabilities in China’s aging pipeline network, government safety officials said Thursday.
Categories: Accidents, Asia, Pipelines
An electric company worker changing ballasts and lamps on the iconic "Welcome to Las Vegas," sign in Las Vegas, Nev.  (AP Photo/Joe Cavaretta, File)

Solar energy to power iconic Vegas welcome sign

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Elected officials and project leaders flipped a switch Wednesday linking solar panels on 25-foot towers to the iconic neon “Welcome to Fabulous Las Vegas” sign.
Categories: Electricity
Iranian flag

Obama, Congress locked in Iran sanctions dispute

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The Obama administration enters the year locked in a battle with Congress over whether to plow ahead with new economic sanctions against Iran or wait to see if last year’s breakthrough nuclear agreement holds.
Categories: Markets, Politics/Policy
(Associated Press)

Republicans on climate panel want more time

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After a state climate panel missed a deadline to deliver recommendations on reducing carbon emissions in Washington state, two Republican members on the group said Wednesday they want another year to study the economic costs of proposals.
(Rice University photo)

Unforeseen US oil boom upending markets worldwide

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The U.S. oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets and challenge producers in the Middle East and South America.