Tuesday, September 1, 2026
Occidental starting widespread layoffs in Houston and beyond oilandgas360

Occidental to slash Western Midstream interest below 50%

Reuters Oil and gas producer Occidental Petroleum Corp said on Monday it would reduce its economic interest in pipeline operator Western Midstream Partners Lp to less than 50% in 2020. Occidental said it had reached agreements with Western, acquired in 2019 as part of its $38 billion acquisition of Anadarko Petroleum Corp, enabling Western to operate on an independent basis.

Trump threatens to slap sanctions on Iraq ‘like they’ve never seen before’- oil and gas 360

Trump threatens to slap sanctions on Iraq ‘like they’ve never seen before’

CNBC President Donald Trump threatened Sunday to slap sanctions on Iraq after its parliament passed a resolution calling for the government to expel foreign troops from the country. Tensions in the Middle East spiraled last week after Trump called for a U.S. airstrike in Baghdad that killed a top Iranian general, Qasem Soleimani. Speaking to reporters on Air Force One, the U.S. president said: “If

Drilling Down: Top 10 injection well operators in Texas- oil and gas 360

Drilling Down: Top 10 injection well operators in Texas

Houston Chronicle Most companies are trying to get oil and natural gas out of the ground. Others make money by injecting wastewater or carbon dioxide into geological formations thousands of feet below the surface. Last week’s edition of “Drilling Down” featured the top 10 companies trying to extract oil and natural gas. This week, we’re focusing on those filing for

How the world’s most important oil chokepoint could factor into escalating US-Iran tensions- oil and gas 360

How the world’s most important oil chokepoint could factor into escalating US-Iran tensions

CNBC A critical gateway to the world’s oil industry has been thrust back into the global spotlight, following a dramatic escalation in geopolitical tensions since the targeted killing of a top Iranian general. The death of Iranian military commander Qasem Soleimani at the end of last week has ratcheted up already-high tensions between Washington and Tehran, with many investors increasingly anxious that a widening conflict could

Goldman says oil rally likely shortlived unless supply disrupted- oil and gas 360

Goldman says oil rally likely shortlived unless supply disrupted

Houston Chronicle A flare-up in U.S.-Iran tension may be keeping oil elevated, but an actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc. Price risks for Brent, which has surged about 6% since the U.S. strike killed a top Iranian general, are skewed to the downside in the coming

Oil tops $70 as Iran, Trump trade threats- oil and gas 360

Oil tops $70 as Iran, Trump trade threats

Reuters LONDON – Oil prices rose over 1% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike Brent crude futures LCOc1 soared to a high of $70.74 a barrel and was at $69.38 at 1150 GMT, up 78 cents, or more