Post Tagged with: "Houston"

Centrica CEO to Step Down; Sell Oil and Gas Business

Centrica CEO to Step Down; Sell Oil and Gas Business

From The Houston Chronicle


The top executive of British-owned Centrica, owner of Direct Energy, will be stepping down after what the company describes as an exceptionally challenging six months which included outages at its nuclear sites, pension deficits and low …

July 30, 2019 - 6:03 am
ConocoPhillips Profit Misses on Lower Crude Prices, Higher Spending

ConocoPhillips Profit Misses on Lower Crude Prices, Higher Spending

From Reuters


ConocoPhillips (COP.N) missed Wall Street estimates for quarterly profit on Tuesday as it spent more than expected and took a hit from lower crude prices due to fears of a slowing global economy.

The OPEC and …

July 30, 2019 - 6:01 am
Oil & Gas 360 - KLX Energy Services Completes Motley Acquisition frac truck

Job Cuts Expected at NOV Amid Ongoing Oil & Gas Industry Slump

From The Houston Chronicle


Job cuts are expected at Houston oilfield service company National Oilwell Varco following the implementation of a company restructuring plan created in response to an ongoing industry slump in the U.S. shale basins.

The drilling and …

July 25, 2019 - 6:03 am
New VP of Investor Relations at Baker Hughes

New VP of Investor Relations at Baker Hughes

By Tyler Losier, Energy Reporter, Oil & Gas 360

Jud Bailey named vice president of investor relations at Baker Hughes General Electric
Baker Hughes (stock ticker: BHGE), an oilfield services company owned by General Electric (stock ticker: GE), has appointed

July 24, 2019 - 1:22 pm
Halliburton Cuts 8% of North American Jobs in Frack Slowdown

Halliburton Cuts 8% of North American Jobs in Frack Slowdown

From Bloomberg


Company executing new ‘playbook’ to deal with customer changes, shale producers are trimming spending amid investor pressure

Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North …

July 22, 2019 - 7:00 am
New CEO, Chairman at Schlumberger

New CEO, Chairman at Schlumberger

By Tyler Losier, Energy Reporter, Oil & Gas 360

Schlumberger appoints Olivier Le Peuch as CEO, Mark G. Papa as non-executive chairman of the board
Schlumberger Limited (stock ticker: SLB), the largest public oilfield services company in the world by

July 19, 2019 - 4:15 pm
Source: Bayou City Energy

Vanguard Emerges from Chapter 11 as Grizzly Energy

By Tyler Losier, Energy Reporter, Oil & Gas 360

Vanguard Natural Resources completes financial restructuring, emerges as Grizzly Energy
Vanguard Natural Resources, a Houston-based onshore energy company, has successfully completed its Chapter 11 financial restructuring process, emerging as a new

July 17, 2019 - 4:59 pm
Source: Lineal Industries

E&P Diversifies Through Merger

By Tyler Losier, Energy Reporter, Oil & Gas 360

Acquisition of Lineal Star completed in an all-stock transaction
Camber Energy (stock ticker: CEI), an independent E&P with a new focus on adding midstream, downstream and field service activities, closed its

July 9, 2019 - 3:26 pm
Source: Bechtel

First Cargo Delivered from Corpus Christi LNG Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360

Bechtel and Cheniere deliver seventh LNG train since 2015
Cheniere Energy’s Corpus Christi Liquefication export terminal, built by construction and project management company Bechtel, has delivered its first commissioning cargo from

July 5, 2019 - 12:41 pm
Weatherford Files for Bankruptcy Protection

Weatherford Files for Bankruptcy Protection

From The Houston Chronicle


The oilfield services company Weatherford International filed for Chapter 11 bankruptcy protection Monday, after struggling to assimilate the companies it bought during a quest for growth, taking …

July 1, 2019 - 7:30 am
Houston Gets Ready for Autonomy

Houston Gets Ready for Autonomy

From SAFE

Domino’s will start delivering pizzas via an autonomous robot this fall

Domino’s and self-driving car startup Nuro announced a partnership Monday under which Nuro’s electric R2X AV will begin delivering Domino’s pizzas this fall in Houston. Operations will …

June 20, 2019 - 6:33 am
Source: Converge Midstream

Converge Midstream Beats Exxon, Magellan

By Tyler Losier, Energy Reporter, Oil & Gas 360

Riverstone Credit-backed company adds 6.5 million barrels of crude storage capacity
Converge Midstream LLC, a crude oil storage and transportation company backed by Riverstone Credit Partners, has completed the acquisition of

June 19, 2019 - 1:25 pm
Houston Refinery Slowdown May Continue for A Week

Houston Refinery Slowdown May Continue for A Week

From Reuters

Lyondell Basell Industries may keep production cut at its 263,776 barrel-per-day (bpd) Houston refinery for a week because of constrained logistics, Gulf Coast market sources said on Friday.

Royal Shell Plc plans to increase production on April 3 …

March 29, 2019 - 5:06 pm
Houston Channel Importance Swelled as Oil, Gas Exports Rose

Houston Channel Importance Swelled as Oil, Gas Exports Rose

From Bloomberg

On a normal day, 42 tankers, 19 freighters, 391 barges, 128 ferries and 2 cruise ships will move through the Houston Ship Channel. On any given day, one of those tankers may be as long as 1,500 feet.…

March 27, 2019 - 4:15 pm
Shipping Resumes in Houston Channel Fouled by Chemical Spill

Shipping Resumes in Houston Channel Fouled by Chemical Spill

From Bloomberg

The U.S. Gulf Coast’s most important industrial waterway partially reopened on Monday after it was polluted with cancer-causing benzene and toxic runoff from the region’s worst chemical disaster in more than a decade.

A two-mile (3.2-kilometer) stretch of …

March 26, 2019 - 4:28 pm
Texas Refineries Cut Output as Petrochemical Spill Curbs Shipping

Texas Refineries Cut Output as Petrochemical Spill Curbs Shipping

From Reuters

A petrochemical disaster outside Houston that has disrupted ship traffic for days at a major U.S. oil port led two major refineries on Monday to reduce fuel production, according to people familiar with the matter.

A fire and …

March 25, 2019 - 3:12 pm
Enterprise Weighs Another Permian Long-Haul Crude Pipeline

Enterprise Weighs Another Permian Long-Haul Crude Pipeline

From Argus Media

Enterprise Products Partners is weighing another long-haul crude pipeline from the Midland basin to Houston, Texas.

“We are right now socializing it and talking to customers,” said Enterprise senior vice president of liquids hydrocarbons marketing Brent Secrest …

January 24, 2019 - 5:46 pm
Flotek Names New CFO, Makes other Senior Management Changes

Flotek Names New CFO, Makes other Senior Management Changes

Oilfield chemistry provider Flotek Industries Inc. (stock ticker: FTK) has announced changes among its executive leadership team.
CFO
Flotek appointed Elizabeth T. Wilkinson CFO, effective December 28, 2018. She will serve as the senior executive responsible for financial strategy, planning

December 27, 2018 - 4:12 pm
Fight Brews in Houston’s Port Over Energy Exports

Fight Brews in Houston’s Port Over Energy Exports

From The Wall Street Journal

U.S. energy exporters are wrangling with one of the country’s busiest ports in Houston, saying its recent move to accept larger container ships threatens to constrict the shale boom.

The issue has pitted a coalition …

December 19, 2018 - 1:11 pm
Texas Has Recovered Half of Oil and Gas Jobs Lost to Downturn

Texas Has Recovered Half of Oil and Gas Jobs Lost to Downturn

From Houston Chronicle

Oil and gas companies in Texas added 2,400 exploration and production jobs in October, marking 23 consecutive months of job growth, according to the Texas Oil & Gas Association.

The association, citing data from the Texas Workforce …

December 12, 2018 - 1:52 pm
Source: Petrobras

Petrobras Cutting Houston Jobs after Forming Gulf Joint Venture

From Houston Chronicle

Brazilian state oil company Petrobras will terminate more than 50 Houston jobs next year after selling much of its Gulf of Mexico assets into a new joint venture.

Petrobras, which has struggled financially amid a nationwide corruption …

December 12, 2018 - 1:08 pm
‘Constant Surge of Oil’ Flows to Texas Coast for Export

‘Constant Surge of Oil’ Flows to Texas Coast for Export

Infrastructure build and industrial boom spark tensions, concerns with Texas coastline residents

From The Texas Tribune

PORT ARANSAS — Texas, home to the most prolific oilfield in the country, is at the epicenter of the frenzy. More than 80 plants, …

November 30, 2018 - 6:05 am
Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report

Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report

Oil hiring swells in Texas, U.S. oilpatch

Oil prices reached their highest point since December 2014 and companies in the oil and gas industry are hiring accordingly as activity in the industry picks up.

LinkedIn’s workforce report for June details …

June 6, 2018 - 4:12 pm
Saudi Arabian Companies Plan Massive Houston-Area Investments

Saudi Arabian Companies Plan Massive Houston-Area Investments

Could add to $10 billion in projects pending study

From the Houston Chronicle

Saudi Arabia’s premier energy companies are planning to invest billions of dollars in their Houston-area petrochemicals operations to take advantage of cheap natural gas feedstocks from West …

April 9, 2018 - 11:46 am
Exxon:  Baytown, Beaumont Refineries Restart Fuel Production, Gulf Coast Petrochem Plants Resume Normal Operation

Exxon:  Baytown, Beaumont Refineries Restart Fuel Production, Gulf Coast Petrochem Plants Resume Normal Operation

Offshore and on-shore upstream production operating normally: Exxon

In a post-Harvey update, ExxonMobil (ticker: XOM) reported that its Baytown and Beaumont refineries have begun producing fuels at reduced rates, and that crude oil and refined product pipelines in the Gulf …

September 21, 2017 - 2:52 pm
Tellurian Offers 10 Million Shares, but Quickly Pulls Offer

Tellurian Offers 10 Million Shares, but Quickly Pulls Offer

On May 17, 2017,  U.S. LNG export startup Tellurian Inc. (ticker: TELL) announced it planned to sell 10,000,000 shares of its common stock in an underwritten public offering with Credit Suisse Securities (USA) LLC as the deal’s sole book-running manager …

May 18, 2017 - 3:20 pm
Former Cheniere Exec Becomes President, CEO of Tellurian Investments

Former Cheniere Exec Becomes President, CEO of Tellurian Investments

Meg Gentle will Drive Tellurian’s Driftwood Gulf Coast LNG Project Development  

Former Cheniere exec Meg Gentle will lead Tellurian Investments as the company’s president, CEO and a member of the board. Gentle has also made a $10 million private investment …

September 1, 2016 - 4:34 pm

Saving Denver from “Houstonization” with a $7 Billion Train

From Politico

A decade ago, travelers arriving at Denver’s sprawling new airport would look out over a vast expanse of flat, prairie dog-infested grassland and wonder if their plane had somehow fallen short of its destination. The $4.9 billion airport—at …

May 20, 2016 - 12:04 pm
Gas Prices in 2014

Chart of the Week: 2014 Measured by Gasoline Prices

Listed below are gas prices for the Denver, Houston and New York metropolitan areas for 2014. All have dropped roughly $1.00 on a year-over-year basis, with prices in Denver and Houston dropping by roughly 33% compared to last December and …

December 30, 2014 - 6:47 pm