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LyondellBasell is planning to spend up to $4 billion in capital through 2020 along the Gulf Coast, mostly in Texas.
Dow, the largest employer in Brazoria County, is planning to merge into the newly formed DowDuPont by the end of the year.
Tesoro, which operates six refineries in the western U.S., generated $1.5 billion in profits for 2015, up from $872 million in 2014.
Texas oil and gas companies told state regulators they’d cut 915 jobs last week, as the industry continues to struggle amid low prices.
Announced last April by Secretary of the Interior Sally Jewel, the rule would tighten standards on blowout preventers – the device that failed in the case of Deepwater – as well as put more controls on how companies drill and monitor wells deep under the surface of the ocean.
The Houston-based power line and electric distribution company also said it is considering converting all or part of its utility businesses into a real estate investment trust, or REIT, business model that’s rare for the energy sector.
The current downturn in Wyoming’s energy industry so far has not reached the severity of the bust that hit the state in the mid-1980s.
Officials from several New Jersey shore towns joined with some members of the state’s congressional delegation Sunday to oppose federal plans that would allow oil and gas drilling in the Atlantic Ocean.
Enterprise Products Partners CEO Jim Teague opined in a conference call with analysts Thursday that with historic lows in oil prices the incentive to export simply was not there – at least not for now.
Oil has pared its decline this year to about 9 percent after plunging to a 12-year low.