David McPhee

Oil & Gas

Oil crash dashes hopes of green carbon push


It was only in early February that Charles Roemer was talking up the prospects of his latest energy project: a natural gas plant that would capture and sell tons of carbon dioxide to oil producers when it got turned on in 2026.


Oxy enacts pay cuts amid deeper budget cuts


Houston exploration and production company Occidental Petroleum is enacting across pay cuts after making a second round of budget cuts as crude oil prices remain stuck at record lows.