Article 636
NextDecade takes aim at Texas City for LNG

The Woodlands-based NextDecade is honing in on a Texas City location near Galveston for its latest effort to build a multibillion-dollar liquefied natural gas export facility. NextDecade, which has focused on an LNG export project in Brownsville, said it signed lease agreements for a nearly 1,000-ac ...

Kinder Morgan reports quarterly profit of $170 million

Houston pipeline giant Kinder Morgan posted a $170 million profit for the final quarter of the year to rebound after suffering a loss in the third quarter. The net gain compares to a $72 million loss during the same time in 2015. Kinder Morgan saw an annual profit of $552 million versus a $227 milli ...

Community debate grows over Exxon-Saudi chemical plant

The fate of a $10 billion chemicals and plastics plant proposed by Exxon Mobil and Saudi Arabia’s largest chemical company could be determined by a community school board north of Corpus Christi. The Gregory-Portland Independent School District took up consideration of the project Tuesday even ...

TechnipFMC launches as newly merged offshore giant

Texas and France came together Tuesday with the newly merged TechnipFMC launching as arguably the world’s largest player focused on offshore energy services. The $13 billion merger of Houston-based FMC Technologies and France’s Technip was first announced in May and cleared all regulator ...

Huntsman names spinoff Venator Materials Corp.

The Woodlands-based Huntsman Corp. chemicals giant will name its pigments business after the latin word for hunter — a play off of the family name — as it spins off into its own company this spring. The new Venator Materials Corp. will start trading by the end of June as its own company under the .. ...

Drilling rig count falls for first time since September

Activity in the oil patch took its biggest step backward since June with seven drilling rigs removed from oil fields throughout the U.S. The overall rig count fell this past week for the first time since September, although the resilient Permian Basin in West Texas still saw one rig added. The Permi ...

Transco pipeline network funneling record volume to heat the Northeast

The nation’s largest natural gas pipeline system is funneling more gas than ever from Texas  to help warm the Eastern Seaboard. Oklahoma-based Williams said its crown jewel Transco interstate pipeline network is delivered record-setting natural gas volumes to meet demand driven by recent cold ...

Kinder Morgan receives final Canadian approval for $5.4 billion pipeline project

Kinder Morgan received the final environmental approval from British Columbia to proceed with its $5.4 billion Trans Mountain oil pipeline expansion. The project to ship heavy crude from oil sands in Alberta to Vancouver-area ports in British Columbia was previously approved in November by Canadian ...

Report: Plug-in vehicles to grow to 37 million by 2025

The anticipated rapid growth of plug-in electric vehicles worldwide is expected to surge from about 2 million now on roads to 37 million in 2025, according to a new research report. The report from the Navigant Research consulting firm contends technological advancements and cheaper electric vehicle ...

Energy Department: U.S. oil production declines are over

The decline in U.S. oil production during the two-year bust is over, according to a U.S. Department of Energy outlook report released Tuesday. U.S. Energy Information Administrator Adam Sieminski noted that American oil production increased in the last three months of the year, marking the first qua ...

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