By , HOUSTON (Reuters) - Texas energy companies on Friday began preparing to resume oil and gas production after days of frozen shutdowns as electric power and water service slowly resumed at darkened oilfields and refineries.It will take several days for oilfield crews to de-ice valves, restart systems and begin oil and gas production. U.S. Gulf Coast refiners are assessing damage to facilities. They face up to three weeks to restore most production, analysts said, with low water pressure, gas and power losses hampering operations.The restart of production as temperatures eased sent prices...…By , HOUSTON (Reuters) - Texas energy companies on Friday began preparing to resume oil and gas production after days of frozen shutdowns as electric power and water service slowly resumed at darkened oilfields and refineries.It will take several days for oilfield crews to de-ice valves, restart systems and begin oil and gas production. U.S. Gulf Coast refiners are assessing damage to facilities. They face up to three weeks to restore most production, analysts said, with low water pressure, gas and power losses hampering operations.The restart of production as temperatures eased sent prices...WW…

By Refiners and oil producers have been dismissing staff, slashing spending and reducing production to cope with weak prices and a global glut of fuel. U.S. gasoline futures are down 26% from a year ago and oil is trading down a third from where it began the year.Marathon will incur an up to $175 million charge to third quarter earnings for the 2,050 job cuts, it reported to the U.S. Securities and Exchange Commission. About 20% of the charge will be recouped from its publicly traded pipeline unit, the company said.The Findlay, Ohio, firm disclosed the workforce cuts after Reuters on...…By Refiners and oil producers have been dismissing staff, slashing spending and reducing production to cope with weak prices and a global glut of fuel. U.S. gasoline futures are down 26% from a year ago and oil is trading down a third from where it began the year.Marathon will incur an up to $175 million charge to third quarter earnings for the 2,050 job cuts, it reported to the U.S. Securities and Exchange Commission. About 20% of the charge will be recouped from its publicly traded pipeline unit, the company said.The Findlay, Ohio, firm disclosed the workforce cuts after Reuters on...WW…

By , HOUSTON/NEW YORK (Reuters) - More than a quarter of U.S. Gulf of Mexico offshore oil and gas production remained shut by Hurricane Sally, which was moving inland on Wednesday and dumping heavy rains and cutting fuel demand in the U.S. Southeast.The storm made landfall early Wednesday near Gulf Shores, Alabama, as a powerful Category 2 hurricane, swamping the region with 10 to 20 inches (25-50 cm) of rain and boosting U.S. crude oil and gasoline prices. Some coastal areas received as much as 35 inches of rainfall, the National Hurricane Center (NHC) said.Some 508,000 barrels per day of...…By , HOUSTON/NEW YORK (Reuters) - More than a quarter of U.S. Gulf of Mexico offshore oil and gas production remained shut by Hurricane Sally, which was moving inland on Wednesday and dumping heavy rains and cutting fuel demand in the U.S. Southeast.The storm made landfall early Wednesday near Gulf Shores, Alabama, as a powerful Category 2 hurricane, swamping the region with 10 to 20 inches (25-50 cm) of rain and boosting U.S. crude oil and gasoline prices. Some coastal areas received as much as 35 inches of rainfall, the National Hurricane Center (NHC) said.Some 508,000 barrels per day of...WW…

By , HOUSTON/MIAMI (Reuters) - Bar and restaurant owners in Texas and Florida were fuming on Friday after state officials abruptly slapped new restrictions on their businesses due to a spike in new COVID-19 cases.Slideshow Owners warned the sudden reversals, just weeks after accelerated reopenings, will drive some out of business.“You can’t turn a bar into an UberEats,” said Jeff Kaplan, co-owner of Houston’s Axelrad Beer Garden. He said businesses could not stay afloat relying on the new rules that provide to-go sales but not alcohol consumption on the premises.Houston officials advised...…By , HOUSTON/MIAMI (Reuters) - Bar and restaurant owners in Texas and Florida were fuming on Friday after state officials abruptly slapped new restrictions on their businesses due to a spike in new COVID-19 cases.Slideshow Owners warned the sudden reversals, just weeks after accelerated reopenings, will drive some out of business.“You can’t turn a bar into an UberEats,” said Jeff Kaplan, co-owner of Houston’s Axelrad Beer Garden. He said businesses could not stay afloat relying on the new rules that provide to-go sales but not alcohol consumption on the premises.Houston officials advised...WW…