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The extended delay could leave the refinery operating an no more than 20 percent capacity for a full 12 months after the facility was damaged in an explosion on Feb. 18. The primary piece taken out of commission was the electrostatic precipitator, or ESP, which is a large emission-controlling device.
While growth in the petrochemical sector is helping some engineering and construction companies, a recent Wood Mackenzie report, for instance, shows that $1.5 trillion in pending North American shale projects are not profitable with oil at $50 a barrel.
Labor Department says Halliburton will pay $18.3 million in overtime to workers misclassified as exempt
The Houston-based oil field services giant had categorized salaried employees in 28 different job positions as not ineligible for overtime pay when they worked more than 40 hours a week.
Houston-based Surge Ventures, which provides funding and guidance for energy tech startups, will no longer funnel cash into new companies and instead focus its efforts on the nearly three dozen companies in which it already invested.
Mexico is trying to make its second lease auction more successful than the first as it strives to overhaul its energy sector.
Houston gas prices are $1.06 a gallon cheaper than the same time last year and 29.5 cents less than just a month ago.
A $338 million settlement fund for victims of a fiery train derailment that claimed 47 lives in Canada is poised for final approval, but payments could be held up by a legal challenge from one of that country’s largest railways
The possibility of more supply entering the market has analysts already lowering their forecast price for oil into the next year.
The late Daniel Patrick Moynihan once observed that we are all entitled to our own opinions, not just our own facts. Proponents of solar energy are long on opinions and pseudo-facts, just not real ones. What are some of those? It is claimed that 2015 is “on a pace to be the hottest year the […]
U.S. crude oil for October delivery lost about $1.72 per barrel or 3.7 percent to $45.18 per barrel in early trading Friday. The October contract expires Tuesday.