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Shale boom spurs chemical industry expansion

The industry grew by 2 percent this year and is expected to swell further next year as advances in drilling and completion technologies unlock vast new supplies of hydrocarbons that chemical companies rely on to make products and fuel their plants.  More »

Goodrich pares spending plans, considers selling Eagle Ford assets

In the first half of next year, Goodrich will explore “strategic alternatives” for all or a portion of its Eagle Ford acreage to give the company greater flexibility to expand development under better market conditions, the company said in a release Wednesday.  More »

Some tips to study for the petroleum PE exam

Just over six weeks ago I sat the petroleum Professional Engineer (PE) test.  I should be getting my results any day now, and while I don’t want to jinx anything, I think I did well despite the test being so tough. I’m confident because I spent ample time preparing, but even before I could start […]  More »

Chevron to delay capital spending announcement

Chevron, the second largest U.S. integrated energy company, announced Tuesday that its budget won’t be made public until early next year.  More »

Phillips 66 eyeing condensate splitter for Sweeny

The Houston-based company has applied for a permit from the state’s environmental regulator to build a simplified splitter unit at its Sweeny refinery.  More »

Chevron subsidiary granted rights to explore offshore New Zealand

The license covers more than 6.26 million acres in a frontier basin with water depths from 2,600 to 9,800 feet.  More »

At Pumps & Pipes, energy, medicine and space industries come together

More than 200 people in Houston on Monday to get a sneak peek at the robots, imaging tools and other technological developments – some still in prototype – that have the potential to crack the perennial conundrums affecting all three sectors: How do you see inside the smallest of spaces without being obtrusive? Develop robots that can venture into places where humans can’t go?  More »

Devon Energy CEO to retire next year

Devon Energy Corp. CEO John Richels, 63, will retire next year and likely be replaced by chief operating officer David Hager, the company announced.  More »

Report: Energy efficiency could cost U.S. utilities $48 billion

Two trends in the power sector — the expansion of distributed generation and advances in energy efficiency — could cost U.S. utilities up to $48 billion annually by 2025, according to a new report.  More »

ConocoPhillips cutting capital spending by 20 percent

The cut reflects lower spending on major projects, several of which are nearing completion.  More »

Oil price drop boosts argument for crude exports

Oil prices have fallen roughly 35 percent since June, with surging U.S. crude production helping boost supply beyond softening demand worldwide.  More »

U.S. has enough shale gas for petrochemical expansions

Gas prices collapsed two years ago had have remained low since, prompting some drillers to turn their focus to more lucrative regions rich in oil and other liquids.  More »

U.S. oil reserves ride production to 38-year high

U.S. proved reserves of crude oil and condensate increased for a fifth consecutive year in 2013 and hit their highest level since 1975, according to the U.S. Energy Information Administration.  More »

Eagle Ford produces billionth barrel

More than 70 percent of that production has occurred in the last two years.  More »

Oil prices not hitting petrochemical plant expansions

The same drilling bonanza that bestowed the chemical industry with cheap feedstock also flooded the world market with oil and gas at a time when the global demand for such products has started to flatten.  More »
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