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Low oil prices could help shore up some states’ coffers, since increased driving brought on by cheap fuel will also result in more gas tax revenue.
The number of rigs drilling for oil in the U.S. fell by 42 this week, a reversal from previous figures that suggested the industry’s pull back was slowing down.
Falling oil prices and a slowdown in the energy sector have prompted wage growth in the oil and gas industry — as well as Houston at-large — to come to standstill, according to new data.
Shell said that bringing the two companies together would produce financial gains of about $2.5 billion a year.
Energy Department grants funded more than a fourth of CenterPoint’s $750 million project to reduce the duration of power outages and provide customers timely information about their electricity use.
Falling oil prices have prompted businesses affiliated with the the energy industry to announce more than 400 job cuts in the Houston area as demand for their products and services falls.
EV Energy Partners will sell its 21 percent stake in a system of natural gas gathering and compression facilities in eastern Ohio for $575 million, it announced Monday morning.
A new power plant in West Texas that essentially transforms coal into cleaner-burning natural gas is poised to break ground later this, an executive in charge of it said at a conference in Houston Wednesday.
Apache has already spent $14 million to install production facilities at two fields in Egypt’s Western Desert.
During a late-night hearing in Austin on Wednesday, the companies argued that “minimum use fees” — charged to customers who use too-little electricity each month — are fundamental to the economics of some power plans.