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Fears of failing bolts on Gulf rigs continue to worry experts

The bolts are up to 4 feet long and made of carbon steel. They hold together high-pressure equipment that gets oil and natural gas from the seafloor to platforms on the surface. Federal officials are trying to determine whether these bolts used on undersea oil and gas equipment are at risk of breaki ...

Exxon Mobil property tax dispute sparks new court action

Exxon Mobil may have to release documents related to the costs of the property where it built its sprawling new campus. The Harris County Appraisal District asked a state district judge last week to order Exxon Mobil Corp. to release documents related to the facility near The Woodlands. It’s the lat ...

Kinder Morgan eyes raising dividend after pipeline deal

After selling a 50 percent stake in its natural gas pipeline network in the Southeast, Kinder Morgan may soon boost dividend payments. Kinder Morgan co-founder and Executive Chairman Rich Kinder said Monday the company is “measurably closer to being able to return dollars to our shareholders t ...

Energy companies still taking a beating, but bottom is in sight

Continued low oil and gas prices are punshing energy companies in the S&P 500, which will see earnings drop 31.8 percent in the second half of 2016 compared with last year, according to financial data company FactSet. The worst-hit corporations are oil and gas drilling companies, which are expec ...

Explosions hit Mississippi natural gas plant owned by Houston firm

Two explosions and a fire rocked a natural gas plant in southern Mississippi on Monday night, but no one was injured and flames continued for hours Tuesday, authorities said. The owner of the plant, Enterprise Products Partners of Houston, said it was investigating the cause of the fire at its proce ...

How energy’s troubles weigh on Houston economy

By Lydia DePillis Over the weekend, we took a comprehensive look at how the oil downturn was starting to eat away at jobs that were supposed to be part of Houston’s “new economy”: those in restaurants, retail, hospitality, real estate, and various professional services. While helpf ...

Houston stands to gain from rising use of natural gas

Houston-based companies stand to gain as natural gas surpasses coal as the largest source of electric energy in the U.S. and gains globally. The use of natural gas at U.S. power plants surpassed coal for the first time last year, and its share of the domestic electric market has expanded since then, ...

Guest commentary: Independents’ day dawns for oil industry

By Ivan Sandrea A couple of weeks ago, Mexico continued the historic opening of its energy markets to the world with the signing of its 24th contract for exploration and production with companies other than government-owned Petróleos Mexicanos. Besides Pemex, 28 companies from seven countries now ha ...

NOV CEO OTC commentary: Focus on new technology

NOV CEO Clay Williams says the oil & gas industry must continue to invest in the development of new technologies that will enable the industry to meet the world’s long-term energy needs. ...

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