The precipitous drop in global oil prices that began last October has not only overturned business plans and fiscal assumptions. It also has upset a host of cherished geopolitical assumptions. More »
With dozens of firms offering new opportunities to invest, understanding what signifies a healthy oil company is more important than ever as stock and bond prices are attractive now. More »
United Steelworkers at Shell Deer Park and Shell Chemical join employees at four Gulf Coast refineries in Louisiana and Texas who have also ended strikes. More »
Declines in the oil and gas industry, tight labor markets and weakening exports led to the revision, the Federal Reserve Bank of Dallas wrote Tuesday. More »
Last week, negotiators for Shell, which was representing the industry, and the union agreed on a deal that provides a national framework for contracts. More »
Employees could go back to work as soon as Monday, said Garrett Ozment, a union representative and machinist at the refinery, which is the nation’s largest. More »
Local issues must be worked out and a contract ratified at each facility before employees return to work. More »
The violation, which took place in February 2014, was related to “flammable and combustible liquids” and was specifically for “sources of ignition,” according to OSHA’s website. More »
The marchers started at City Hall and went on to various buildings of oil companies they are battling with over labor contracts. More »
Texas power plants should be able to meet spring and summer electricity demand, the state’s grid operator said Monday. More »
Many Texans have seen this movie before, and some of us have seen it several times. Until the commodity cycle turns, as it always does, refocus on the basic blocking and tackling of running a business. Take protective measures to guard against avoidable losses.
The walkout, now in its third week, affects 11 refineries and petrochemical plants, five in the Houston area. More »
The year’s biggest news in oil and gas litigation came last week when Fort Worth-based Moncrief Oil International voluntarily abandoned a billion-dollar trade secret lawsuit in the middle of trial against Russian energy giant OAO Gazprom, says one Texas energy attorney. More »
The United Steelworkers’ strike against what they call unsafe working conditions at refineries and chemical plants remained at an impasse Thursday. Union spokeswoman Lynne Hancock said negotiations would resume next week.
With rapid authorization, negotiation and signing of the lease — reminiscent of how decisions on the waterfront used to be greased — the port has secured a $13.17 million deal and forestalled efforts by the region’s environmental groups to stop it. More »