Archives for 2017
Noble to lay off 200 Midland workers after buying Clayton Williams
Noble Energy, following its recent purchase of Clayton Williams Energy, is preparing to close a Midland office and lay off almost 200 Clayton Williams employees. Noble, a Houston oil production company, is closing Clayton Williams’...
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Trump caught between coal and a hard place on budget
One of the pillar’s of President Donald Trump’s campaign was revitalizing the United States’ struggling coal industry. But as his administration works to shrink the federal budget, while meeting pledges to grow military spending and...
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Gasoline costs take a slight dip after oil prices fall
Houston-area fuel costs remain flat, but the national average price for gasoline fell by nearly 2 cents in the past week because of plummeting oil prices. Record high storage levels of crude in the U.S. last...
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Kuwait backs extending OPEC production cuts beyond June
Kuwait wants OPEC to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market as the rally that boosted prices initially on the...
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Oil executives confident that future is bright
Oil prices are down nearly 10 percent over the past month, leading some to wonder if we’re set for a resumption of the plunge seen between 2014 and early 2016. Executives at oil companies, however,...
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