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New pipelines, soaring demand from refineries and turmoil in the Middle East have driven up crude oil prices over the past few weeks, pushing up gasoline prices as well.
A poll conducted for the Natural Resources Defense Council found two-thirds of registered voters approve of one of the most controversial components of President Obama’s proposals to combat climate change: setting limits on carbon emissions from existing power plants.
GDF Suez Energy North America has awarded a $480 million, long-term contract to Alstom to provide comprehensive maintenance and gas turbine upgrades to natural gas-fired power stations in Texas and Massachusetts.
A new Houston-based midstream company announced $150 million in capital commitments Tuesday and said it expects to name its first project soon.
Phillips 66 Partners, a subsidiary of refining and midstream company Phillips 66, said Monday it has launched an initial public offering, seeking to raise as much as $315 million.
Drilling fluids may not sound glamorous, but like hammers and nails at a construction site, it’s hard to get anything done at the wellhead without them.
Several weeks into an assessment of air quality at oil and gas production facilities in South and West Texas, officials with the Texas Commission on Environmental Quality say it’s too soon to say whether the survey will lead to action against companies working there.
The developers of San Antonio’s Mission Rail Park, which will serve the Eagle Ford Shale, said Tuesday they are starting construction on a rail park in West Texas. The Permian Rail Park, located between Big Spring and Midland, will be in the heart of the Wolfcamp and Cline Shale plays.
Houston entrepreneur Curtis Burton will retain a seat on the board of the independent oil and gas exploration company he founded in 2006, but shareholders also elected three outside directors proposed by dissident investors who had gained more than 8 percent of the company’s shares.
While technology has the power to upend old ways of doing things – allowing production companies to shut down offshore production platforms remotely, for example – it also has raised new questions.