Paul Takahashi
Houston Chronicle
Houston, TX, United States
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Recent articles by Paul:
Rosehill Resources to file for Chapter 11 bankruptcy
Rosehill Resources plans to file for Chapter 11 bankruptcy by July 15 to restructure its business after forecasting a loss of $230 million during its first quarter. → Read More
ConocoPhillips to ramp up U.S. oil production in July
ConocoPhillips plans to ramp up its oil production in the U.S. this month after crude prices appear to have stabilized near $40 a barrel. → Read More
'People are really staying in': Low gas prices fail to ignite Fourth of July holiday travel
In Texas and surrounding states, automobile travel is expected to fall by 3.6 percent this year, while air, rail and cruise travel is expected to fall by more than 75 percent this year, AAA says. → Read More
Surging COVID-19 cases could threaten oil’s fragile recovery
A “double dip” in oil prices, analysts say, could lead to prolonged pain in the industry — and in Houston, where tens of thousands of energy workers support the region’s economy. → Read More
Rig count down by one in 16th-straight week of losses
The U.S. rig count fell slightly in the 16th straight week of losses after energy companies shut down oil production amid low crude prices. → Read More
Energy industry bracing for possible double dip in oil prices as coronavirus cases spike
The energy industry is bracing for a possible slide in oil markets as a second wave of coronavirus cases nationally is threatening prospects for a quick economic recovery. → Read More
Crude oil inventory climbs despite increased refinery output
U.S. crude inventories grew slightly in the third week of June despite increased refinery output, a sign that oil supply continues to outstrip demand. → Read More
Study: U.S. shale assets expected to lose $300B in value
The value of U.S. shale assets is expected to fall by $300 billion this year because of the oil bust and economic fallout from the coronavirus pandemic, according to a new study. → Read More
Oil crosses $40 milestone, but not out of woods yet
Oil closed above $40 a barrel Monday, another sign of optimism for Houston’s energy-dependent economy that’s clawing its way back from the coronavirus-driven oil crash. → Read More
‘Not for the faint of heart’: Oil bust lashes offshore industry still in recovery
The offshore oil sector, rebounding from the previous oil bust, is again fighting for survival. → Read More
Chevron selling stake in Australian LNG project
Chevron’s stake in the North West Shelf could be sold for as much as $4 billion. → Read More
Reporter’s Notebook: Oil and gas facing its own ‘energy apocalypse’
The energy sector’s future is looking increasingly grim for companies unwilling to change. → Read More
BP report: Global carbon emissions from energy use slowed in 2019
Global carbon emissions from the energy sector rose by 0.5 percent, a slower rate than in recent years as coal consumption fell to the lowest level in 16 years, according to a new report Wednesday from BP. → Read More
BP says value of its assets fell as much as $17.5B after oil crash
BP plans to write off up to $17.5 billion in assets after oil prices collapsed during the coronavirus pandemic. → Read More
U.S. lost more than 100,000 oil and gas jobs in coronavirus-driven bust
More than 100,000 oil and gas jobs have been lost nationally during the economic downturn brought by the coronavirus pandemic, a new report shows. → Read More
Rig count falls slightly in 14th-straight week of losses
The U.S. rig count fell for the 14th straight week to another record low as energy companies continue to shut down oil-field operations amid low crude prices. → Read More
Seadrill to lay off 135 workers after mothballing offshore drilling rig
Seadrill plans to lay off 135 workers after mothballing an offshore drilling rig in the face of low oil prices caused in large part by the coronavirus pandemic. → Read More
BP CEO: 'It's a brutal environment that we face'
BP is bracing for a long recovery from the recent oil bust, planning to run its business next year with the assumption that crude prices will continue to hover around mid-$30 a barrel. → Read More
Oil and gas drilling investment forecast to fall to 15-year low
Global spending on oil and gas drilling this year is forecast to fall to the lowest level in 15 years, a new report said. → Read More
ConocoPhillips CEO: 'Shale will come back'
ConocoPhillips CEO Ryan Lance said the Houston oil major is considering increasing production as economies around the world are reopening and as crude prices appear to have rebounded. → Read More