Poll: Will Deepwater Horizon lead to smart regulation?
At this year’s Offshore Technology Conference, the influence of the 2010 Deepwater Horizon explosion is still pronounced as panelists talk about everything from lessons learned to new safety techniques and vendors display new safety gear. More »
Where will the price of crude oil and natural gas be in 5 years?
Of late, oil prices have been high while natural gas prices are low. Politics and economic changes across the world can quickly move oil up or down. Natural gas prices have been driven down by a glut of supply in the U.S. More »
Trucking CEO calls for release of reserve oil
The U.S. should release oil from the Strategic Petroleum Reserve to ease fuel prices, a trucking executive said Friday in a speech to business journalists. More »
Hart Energy executive dies after battle with cancer
Energy industry publisher Hart Energy announced that Frederick L. Potter, the Houston firm’s executive vice president and a board member, died after a two year battle with cancer. More »
U.S. refinery union says strike possible as contract deadline nears
The union representing more than 30,000 workers at refineries, terminals and pipelines throughout the U.S. warned members that a strike may be imminent as negotiations with the industry near a Feb. 1 deadline. More »
Westlake Chemical wants to buy Georgia Gulf
Houston’s Westlake Chemical made public its offer to acquire Georgia Gulf, based in Atlanta, for $1.1 billion. More »
Baker Hughes names new CEO
Houston’s Baker Hughes has a new CEO at the helm as Martin Craighead takes over from Chad Deaton, who remains chairman. More »
TransCanada: We contribute to Houston’s economy
TransCanada, seeking approval for its Keystone XL pipeline, highlighted its contributions to the area Houston economy at a weekend event. More »
Kinder Morgan buying El Paso Corp. for $21 billion *updated*
Kinder Morgan is buying El Paso Corp. for about $21 billion in deal that will unite two Houston pipeline powerhouses, the companies announced Sunday afternoon.
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Apache agrees to buy Exxon’s North Sea assets
Apache said this morning it would buy Exxon Mobil’s North Sea assets, including the Beryl field and related properties for $1.75 billion. More »
Noble, Consol announce $3.4 billion shale deal
Consol Energy says it is selling half of its interest in Marcellus Shale drilling in Pennsylvania and West Virginia to Noble Energy Inc. for $3.4 billion. More »
Baker Hughes plans San Antonio facility
The Houston-based company said it will develop 64 acres at Interstate 37 and U.S. 181 to establish an administrative headquarters serving South Texas. The plans were made public at Bexar County Commissioners Court, which authorized negotiations on a 10-year tax break for the operation.
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