A natural gas drilling site in the Barnett Shale. (AP file photo/Donna McWilliam)

Barnett Shale gas to remain profitable, study finds

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A study of the Barnett Shale found that, while production from the North Texas field will decline through 2030, there’s still an enormous resource to tap profitably, even at relatively low natural gas prices, according to a study by the University of Texas at Austin.
A lawsuit alleges Texas City residents were sickened by 2011 emissions from BP's Texas City Refinery, now owned by Marathon Petroleum.

No injuries reported in blaze at Texas City refinery

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A fire broke out Thursday at the Texas City refinery where a 2005 explosion killed 15 workers.
Categories: Accidents

Stocks end month on firmer ground

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Global stocks end the month on firmer footing as investors expressed optimism over the US economy and central bank largesse
Categories: Uncategorized
(Mayra Beltran / Houston Chronicle)

Shell projects natural gas could become world’s energy backbone

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Natural gas could become the backbone of the world’s energy system within two decades, displacing coal as a major electricity source and helping to trim global greenhouse gas emissions, Royal Dutch Shell predicted Thursday.
Categories: Solar

Facebook buys ad-serving platform

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The purchase price was reportedly much lower than the $6bn Microsoft paid for Atlas when it acquired its parent company aQuantive in 2007
Categories: Uncategorized
(AP Photo/Hasan Jamali)

Oil ends lower as commodities retreat

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Benchmark crude fell 71 cents to $92.05.
Categories: Crude oil

Icahn and Herbalife move against Ackman

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The decision to allow the veteran activist to nominate two directors and buy up to a quarter of the stock is designed to undermine his bitter rival
Categories: Uncategorized
Tracy Olson/Flickr

ConocoPhillips may fund spending with cash and debt

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ConocoPhillips said it may use cash, debt and asset sales to fund its dividend and capital spending as it waits for production to rise. The company is targeting “consistent” dividend increases, leaders said at the analyst meeting Thursday.

Cook Inlet jackup gets ABS Certification

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The jackup drilling rig Endeavour – Spirit of Independence has received its ABS Certification.
Categories: Offshore

Could The Biggest Success For NGVs Be At Sea?

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As natural gas becomes ever more prevalent as a global fuel, there are increasingly more inventive ways of both consuming and transporting it (see above). While here in the US there is ever greater focus on CNG and LNG-powered vehicles, there is potentially another form of transport that could steal the crown as the King of NGVs…shipping. […]