Beaumont – Fuelfix

Spectra gas pipeline explosion cuts flows to Eastern U.S.

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While repairs will start as soon as possible, it’s unclear when service will be restored, Spectra said in a notice.
Categories: Natural gas, Pipelines
Where to eat, drink and play during OTC

Where to eat, drink and play during OTC

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OTC is here, which means it’s time to wine, dine and let loose after the conference. Houston is home to some amazing cuisine and entertainment options, so it can be difficult to pick a place to take an out-of-towner. We’ve got you covered. Take a look at our top choices for dining out or hanging …
Categories: Industry News

Investor Carl Icahn claims responsibility for ouster of Cheniere CEO Charif Souki

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Billionaire shareholder Carl Icahn said he was instrumental in the ouster of Charif Souki as chief executive officer of Cheniere Energy Inc., and he cited Souki’s “harebrained ideas” as the reason.

Oil rally on “thin ice,” echoes short-lived 2015 price jump

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Oil’s climb above $45 a barrel is reassuring influential figures from BP Plc to the International Energy Agency that the industry is finally recovering from the worst slump in a generation. Others say the market is about to fall into the same trap as last year.

U.S. oil rig count falls by more than 3 percent in a week

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The oil rig count dipped down to 332 rigs nationwide on Friday, while the overall rig count, including natural gas-seeking rigs, stands at just 420, according to weekly data collected by Baker Hughes. That represents the lowest total count since the oil field services company first began compiling the data in 1944.

Chevron increases planned job cuts to 8,000

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Chevron Corp. plans to shed 8,000 jobs, or 12 percent of its workforce, by the end of the year as anemic oil prices make it too expensive to keep many drilling rigs in the field, executives said Friday.
U.S. reliance on foreign gas drops to lowest level since 1980s

U.S. reliance on foreign gas drops to lowest level since 1980s

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The shift comes as U.S. companies expand pipeline capacity into Mexico and Canada and are just beginning to liquefy gas to be shipped abroad
Categories: Featured, Industry News
Market Currents: Rising Iraqi crude flows, falling US natural gas imports

Market Currents: Rising Iraqi crude flows, falling US natural gas imports

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Two hundred and three years after J.F. Hummel patented rubber, and the oil market is bouncing once again. Yesterday’s dollar weakness was encouraged by a super-strong yen; today’s has been egged on by China’s central bank, which has lifted the yuan peg by the most since 2005. With oil up nearly 80% (!!) from its …