Choice Energy Services, a Houston-based retail energy consultant and broker, has signed a 10-year deal to provide renewable power to run BBVA Compass bank branches and ATMs. More »
Apache Corp. reported second-quarter earnings of $1 billion or $2.54 per share, compared to $337 million or 86 cents per share a year earlier.
ConocoPhillips boosted its production more than expected, helping it post strong earnings for the second quarter of 2013. More »
The principal office for the executive management team is expected to be in Oklahoma City. The main offices for the gathering and processing leadership team will be in Oklahoma City, while the main offices for the interstate pipeline operations will be in Houston. More »
The closely held company, which is backed by the hedge fund D.E. Shaw & Co., plans to put 200 turbines in the water with a capacity of 1,000 megawatts, according to a statement. Construction could begin in 2017, and power production in 2018, the Providence, Rhode Island-based company said. More »
U.S. Rep. Randy Weber, R-Friendswood, honored George Mitchell, who died Friday at the age of 94, on the floor of the U.S. House of Representatives. More »
Everything I participate in, from work, to school, to this column, to “The Way Ahead”, to get-togethers with my friends and the conversations I have with my family, involves oil & gas. From the moment I wake up, to the moment I go to sleep, I deal with oil & gas, and it’s been that way for nearly six years (and counting!). It’s time consuming, it’s exhausting, but I love it. It’s a part of my identity and my level of involvement is a choice I make consciously, by myself, and it’s one I’m proud of. More »
The changes would require additional legislation to enable a “small” share sale, said Salvador Vega, the party’s top member on the Senate Energy Committee. The proposal would also break the monopoly on electricity generation and distribution held by state power company Comision Federal de Electricidad. More »
Texas has 848 drilling rigs hunting oil and gas – 47.7 percent of U.S. rigs, 24.6 percent of all rigs worldwide, according to the latest Baker Hughes rig count. The Permian Basin in West Texas has the biggest share – by a bunch – of the state’s drilling rigs, with 386. The Eagle Ford Shale Read More More »
U.S. biodiesel production hit a record level of 111 million gallons in May, according to data released Wednesday by the U.S. Energy Information Administration. More »
BP Chief Executive Officer Bob Dudley said it’s unlikely Europe’s second-biggest oil company will reach a settlement with the U.S. over the Gulf of Mexico disaster as provisions set aside to pay for the spill rose.
Direct Energy Resources, a North American subsidiary of Centrica that is based in Houston, will buy the marketing business of Hess Corp. for $731 million in cash. More »