Energy companies may start adopting tighter policies as the immediate pressure from lower oil prices increases, a report from the Dallas Federal Reserve said. The Houston Chronicle confirmed reports U.S. supermajor Chevron, which has headquarters in California, was cutting around 8 percent of its local workforce for a Houston headcount reduction of 655. Chevron last year said it would cut about 2 percent of its global workforce as it worked to streamline operations in response to the downturn in the energy sector. A quarterly report published by the Dallas Federal Reserve said many oil and gas companies are entering “survival mode” as they look to navigate the declining market trajectory. “Despite forecasts of an […]