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Shale shifting flows at America’s biggest oil port

With domestic production at a 28-year high, LOOP’s managers are thinking the previously unthinkable: They want to reverse the flows and send North American oil out as well as take foreign oil in.  More »

Report: Oil companies remain complacent about computer dangers

Oil, gas and other critical infrastructure companies are ill prepared to thwart cyber threats, even though more than two thirds have had at least one significant security compromise in the past year, according to a report released Thursday.  More »

Houston pay tops nation on oil, gas strength

Houston outpaced every city in the nation in annual wage growth during the second quarter, thanks largely to a generous bump in oil and gas-industry pay, according to PayScale.  More »

OPEC: As U.S. production surges, global oil demand to grow in 2015

Global oil demand is projected to grow in 2015 as the world economy continues to recover but with U.S. production surging, demand for oil from the Organization of Petroleum Exporting Countries will continue to slide, the oil producer’s group announced Thursday.  More »

Phillips 66 increases capital budget, approves more buybacks

Refining and midstream giant Phillips 66 announced that it would increase its 2014 capital budget by $1.2 billion this year in order to fund its liquefied petroleum gas project as well as a recent acquisition.  More »

New “peaking” power units coming to Texas

East Texas-based Navasota Energy plans to build natural-gas fired “peaking” units in Guadalupe and Wilson counties capable of quickly sending power to the Texas grid at times of heavy demand.  More »

Illinois has hired few workers to oversee fracturing

More than a year after a compromise paved the way for high-volume oil and gas extraction in Illinois, the agency in charge of overseeing the practice has hired just four of 53 new employees it says it needs as it continues working to complete rules drillers must follow.  More »

New congressional caucus aims to boost refiners

Refiners fighting against biofuel mandates, environmental regulations and changes in U.S. export policy may have new allies on Capitol Hill, with the launch Wednesday of a congressional caucus dedicated to the sector.  More »

Rallying Permian beats anew as heart of Texas oil

The Permian Basin, which helped define the Texas oil business for 50 years then hit the skids, is back big-time, and a new government report makes the point.  More »

New guidelines aim to help oil industry burnish image

The oil industry’s leading trade group just imposed a voluntary standard that schools oil and gas companies on being better neighbors and corporate citizens.  More »

GE in Texas wind farm deal

General Electric’s Energy Financial Services unit and E.ON Climate and Renewables North America are forming an investment partnership to own and operate a Texas wind farm.  More »

Talisman, Statoil not selling Eagle Ford acreage

Talisman Energy and Statoil ASA’s effort to sell their joint venture in the Eagle Ford Shale has ended after offers came in lower than expected, Bloomberg News is reporting. Bloomberg reports.  More »
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