Houston-based Magnum Resources Corp. announced it plans to relocate to the Dallas area. (Flickr/dph1110)

Magnum Hunter to move from Houston to Dallas

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HOUSTON — Magnum Hunter Resources Corp., the Houston-based exploration and production company, will move its corporate headquarters to Dallas around the end of the year, the company announced this week. The company also said it will consolidate its accounting office based in Grapevine, a suburb of Dallas, into its new corporate headquarters. Chairman and CEO Gary […]
Vladimir Putin, Russia's president. (Andrey Rudakov/Bloomberg)

Exxon drilling Russian Arctic shows oil sanctions lack bite

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After more than two years’ planning Exxon and its partner OAO Rosneft, Russia’s state oil producer, will start drilling the Universitetskaya prospect tomorrow, the Kremlin said in a statement Friday.
Private oil companies soon could partner with Mexico's Pemex on operations like this in the Bay of Campeche. (Susana Gonzalez photo/Bloomberg)

Mexico’s new energy rules could bring profits and problems

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Private oil companies will look carefully before they leap into Mexico’s new energy environment.

Where Have All the Thinkers Gone?

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In the years since World War II, the US was blessed with great foreign policy strategic thinkers like George Marshall, Henry Kissinger, Zbigniew Brezezinski  and James Baker among others.  A recent article in the Wall Street Journal by Kimberly Strassel—Meet Obama’s Kissingers—documented that unlike past presidents who staffed their National Security Councils(NSC) with foreign and […]
Categories: General
(Toby Talbot/AP)

Insurance industry changes with energy industry

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Newer areas for insurance companies to cover include shale gas, wind turbines and transporting oil by railroads, a speaker said at the Independent Insurance Agents of Houston Energy Symposium.
Categories: Accidents, General
A tanker sails in the morning sun. (Louis Vest, Getty Images)

U.S. crude exports hit recent high

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U.S. Census Bureau data places U.S. crude exports at about 390,000 barrels per day in June, a 35 percent increase from May. That’s a tall figure, especially considering that U.S. exports of domestically produced crude are severely restricted by a 1975 federal law.
Categories: Crude oil, General
(ALEXANDER KLEIN/AFP/Getty Images

Insurance agents need to learn about energy, too

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The first part of the day revolved on world events and their influence – perceived or real – on the oil industry as well as increasing U.S. oil production and what that means for OPEC.
Categories: General
Scott Sheffield, chairman and CEO of Pioneer Natural Resources, speaks in Midland, Texas. (Tim Fischer\Reporter-Telegram)

Pioneer CEO: US oil production could hit 14 million barrels/day

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Technological improvements will allow energy companies to scrape more crude out of the ground and drive U.S. oil production higher, even as producers seek new overseas markets for the fossil fuels, executives said Wednesday. Pioneer Natural Resources CEO Scott Sheffield predicted U.S. oil production could hit 14 million barrels per day, well above the 9.5 million barrel mark projected by government forecasters.
Pemex's Yuum K'ak' Naab floating production, storage and offloading vessel works in Mexico's Bay of Campeche. (Susana Gonzalez/Bloomberg)

Mexican lawmakers approve overhaul ending Pemex monopoly

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The Mexican Congress has passed legislation aimed at ending state-owned Pemex’s 75-year state monopoly on the energy industry.
Categories: General, Gulf of Mexico
EIA map

New tool maps flood risks at nation’s power plants, refineries

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The U.S. Energy Information Administration on Wednesday unveiled a new mapping tool, giving the public its first glimpse into flooding risks at the nation’s power plants, oil refineries, pipelines and other critical energy infrastructure.