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 »
The CEO of the oil field services company said orders for NOV products have declined “sharply,” as customers try to conserve cash. More »
Lawyers for Moncrief told Tarrant County District Judge Melody Wilkinson over the weekend that they wanted to dismiss its claims against OAO Gazprom, which is the world’s largest extractor of natural gas and has annual revenues exceeding $350 billion. More »
No change in oil policy is expected. More »
Crude has long coursed from Canada to Oklahoma through the existing Keystone pipeline. Southeast Texas connected to that line in January last year when the Keystone XL southern leg ending in Nederland was complete, and Gulf Coast plants are already refining crude from Canadian fields.
The Federal Reserve Bank of Dallas said Tuesday that Texas would continue to add jobs in 2015, but that the total number of new jobs could decrease by up to 173,000. More »
Though oil producers have started slowing down drilling plans for 2015, U.S. production is not losing steam, and the imbalance between global oil supply and demand persists. More »
Only Royal Dutch Shell and Total have publicly committed to not carry out or support extractive activities in World Heritage sites. More »
Dr. Howard Zucker unveiled his findings as part of Gov. Andrew Cuomo’s cabinet meeting early Wednesday afternoon. More »
Because of improved drilling and completion efficiencies that lower production costs, some oil companies will produce more next year even as they cut spending amid falling crude prices. More »
Refiners say a century-old rule protecting American shipping will benefit overseas refining competitors if the U.S. starts exporting crude. More »