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Exxon to halt Russian drilling in face of U.S. sanctions

The U.S. Treasury Department has given Exxon Mobil Corp. and other contractors a license to wind down operations in the Russian Arctic as the Irving-based company prepares to comply with U.S. sanctions banning joint-venture oil exploration in the area.  More »

Wild Well unveils newest 120-ton capping stack

Houston-based Wild Well Control has stationed a capping stack in Singapore as part of its global system for responding to underwater well blowuts.  More »

For engineering students, first impressions count

As more than 100 companies — mostly in the energy sector — descended on the University of Houston Hilton for fall recruitment Thursday, Vita Como, senior director of the school’s engineering career center, has an important message: engineers are in demand, but first impressions count.  More »

Canadian bank takings bid on Apache assets in Alberta

The Bank of Nova Scotia is taking bids for Apache Corp. assets in Alberta, according to marketing materials on its website, in what could signal the latest divestment effort by the Houston-based exploration and production company.  More »

Proposed transmission line puts corporate powerhouses at odds

The Public Utility Commission of Texas will decide whether CenterPoint Energy can build a new transmission line that two Houston generating companies oppose.  More »

Libya halts biggest oilfield amid rebel attacks

The disruption “serves as a reminder that despite recovering export rates and the National Oil Corp.’s reassurances of stable supplies, the country remains in a state of civil war, where anything can happen,” Andrey Kryuchenkov, an analyst at VTB Capital in London, said.  More »

Want to improve your business acumen? Take some tips from Gordon Ramsay

Believe it or not, you can learn a lot from reality television.  More »

Shell Oil, Motiva to pay $4.5 million in back wages to nearly 2,700 workers

Shell Oil Co. and Motiva Enterprises have agreed to pay nearly $4.5 million in overtime back wages to 2,677 current and former chemical and refinery employees after federal regulators found violations of federal labor law.  More »

A&M establishes gas research center in Qatar amid U.S. shale boom

Regents earlier this month formally approved the Gas and Fuels Research Center, which will serve as a clearinghouse for studies about how to produce, explore and make money from the vast new supplies of shale gas unlocked in the U.S. shale boom.  More »

Spectra Energy announces $3 billion New England project

Spectra Energy Corp. announced a $3 billion expansion to its New England pipeline network, which it said will help meet growing demand for natural gas in the region.  More »

Vanguard to spend $525 million for Colorado gas and NGL assets

Vanguard Natural Resources LLC has moved further into Colorado’s Piceance Basin with a $525 million deal for producing acreage from Denver-based Bill Barrett Corp., Vanguard announced today.  More »

China rig finds gas after Vietnam sea standoff

The discovery by China National Offshore Oil Corp. was made about a month after its rig withdrew in July from Vietnam’s exclusive economic zone to far less-contested waters closer to China.  More »
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