Helix Well Containment Group equipment was deployed in a drill at a Noble Energy test well in May, with federal regulators and industry representatives looking on. (Photo: Noble Energy)

Helix CEO: Producers canceling offshore contracts despite termination fees

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The Houston offshore service firm probably won’t make deep cuts to its workforce of 1,600 to cope with the downturn in oil prices, its CEO said, but he acknowledged there “may be some opportunity.”
(David Paul Morris/Bloomberg)

Enable Midstream to cut 10 percent of its workforce

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Enable’s main offices are located in Oklahoma city, but the company operates its interstate pipeline segment in Houston.
Rig hands thread together drilling pipe at a hydraulic fracturing site located atop the Marcellus shale rock formation in Washington Township, Pennsylvania, on Oct. 31, 2013. (Ty Wright/Bloomberg)

Congressional Democrats seek to step up fracturing oversight

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Of particular concern is making sure their waterways are not contaminated by waste.

A Lesson from Alaska’s Fiscal Crisis: Approve AKLNG

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Decades ago, the construction of the Trans Alaska Pipeline (TAPS) transformed the state into a cornerstone to strengthen  American energy security, fuel the state’s revenues, propel unparalleled economic growth, and provide job security to thousands of Alaskans.  However, Alaska appears to be reaching a turning point in its history. Today, with the recent downturn in […]
Categories: General

Oil Price Amnesia

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Since the decline in oil prices began late last year, there has not been a day on which the media has not devoted considerable time to oil prices and the implications of the current state of affairs.  A lot of the commentary has been borderline apocalyptic because share prices of oil companies have declined, capital […]
Categories: General
TransCanada CEO Russ Girling talks about the future and present of the company's pipeline before an event at Ford Park in Beaumont on Wednesday.  (Guiseppe Barranco/@spotnewsshooter)

TransCanada plans another cross-border pipeline

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But unlike the Keystone XL project that has been ensnared in controversy, the proposed Upland pipeline would transport oil away from the United States — as much as 70,000 barrels a day of North Dakota crude that now moves by rail to refineries in East Canada.
(AFP PHOTO/US COAST GUARD/AFP/Getty Images)

BP loses bid for Transocean insurance in spill case

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The Texas Supreme Court says BP isn’t covered under Transocean’s insurance policy on the project that led to the 2010 Deepwater Horizon disaster.
Categories: Accidents, General
Michael Schonberg, partner at Thompson&  Knight.

Commentary: Key energy industry lessons in billion-dollar trade secret case

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The year’s biggest news in oil and gas litigation came last week when Fort Worth-based Moncrief Oil International voluntarily abandoned a billion-dollar trade secret lawsuit in the middle of trial against Russian energy giant OAO Gazprom, says one Texas energy attorney.
(AP Photo/Brennan Linsley)

Natural gas prices fall as withdraws stay low

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Natural gas futures traded down Thursday morning as the weekly inventories report from the U.S. Energy Information Administration showed a weaker-than-expected withdraw for the third consecutive week.8.4 cents to $2.713

Commentary: The far reaching impact of lower oil prices

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Despite an unrelenting focus on the recent rout in oil, there have been a number of other significant swoonings across commodityland™ which have also been rather noteworthy
Categories: General