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Now energy-rich, Israel seeks oil and gas partners

Amit Lang, director general of Israel’s Ministry of Economy, was in Houston recently seeking investment in the country’s nascent energy industry, and says it can offer high-tech water treatment and cyber-security technology in return.  More »

Iraqi ambassador says negotiations continue with Kurdistan over oil

Iraq’s ambassador to the United States said Friday that he “sees positive signs” in the recently launched negotiations between Iraq and Kurdistan regarding oil revenue-sharing agreements, among other points of dispute.  More »

Chevron Phillips Chemical eyes another expansion in Baytown

The company is already building a $6 billion expansion at the same Cedar Bayou plant.  More »

The IPCC: Nostradamus Reincarnated

Throughout history, at least back to 2800 BC, the world has had more that its share of apocalytics.  Nostradamus was perhaps the most famous but he had a lot of good company—google  A Brief History of the Apocalypse. Now the apocalyptics rely on sophisticated computer models to convince us that life as we know it […]  More »

Apache optimistic about U.S. shale as profits slip

Apache Corp. reiterated plans to double down on its positions in prolific U.S. shale plays even as crude prices continued to fall and the company’s profits slipped from last year.  More »

Plains to buy half of BridgeTex in $1.1 billion deal

The pipeline is a major artery for the basin with a capacity of 300,000 barrels per day of crude.  More »

Texas leads nation in oil field job growth

The resurgence in domestic drilling made possible by new techniques like hydraulic fracturing and horizontal drilling has created thousands of new jobs since the recession, and nowhere is that more evident than the Lone Star State.  More »

After fracking ban, a long fight ahead

The Texas Oil and Gas Association filed its challenge in federal court on Wednesday morning, arguing that the city has no right to override state policy favoring subterranean mineral extraction.  More »

Republicans have votes to force Keystone XL approval

Republicans now have the votes they need in the House and the Senate to force President Barack Obama’s hand on the Keystone XL pipeline.  More »

NRG adds some power to transmission line debate

NRG Energy has begun building a new power plant in the Houston area, and says the region doesn’t need a proposed new transmission line that would bring power in from plants elsewhere in the state.  More »

Denton voters pass fracking ban

The vote made Denton, which sits atop a large natural gas reserve, the first city in Texas to pass such a ban. It sets up a legal showdown between the city and industry groups that have warned the ban could be followed by lawsuits and a severe hit to Denton’s economy.  More »

Marathon remains committed to shale drilling despite falling oil price

Despite falling oil prices, Marathon Oil said it remains committed to key U.S. shale plays.  More »

Targa profits double in third quarter, led by NGLs

Targa Resources Partners said it saw more volume and fees from its natural gas liquid business.  More »

Marathon’s profit falls 24 percent on crude price slump

Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production.  More »

Moody’s: Refineries face flat demand, new competition

Shale oil will continue to give U.S. refineries a cost advantage over their European peers, but a few big refinery expansions in Saudi Arabia could steal market share.  More »
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