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BHP Billiton, Pemex sign agreement to share deepwater knowledge

Australian oil and mining giant BHP Billiton and Pemex, Mexico’s national oil company, have signed a deal to share knowledge of deepwater operations, BHP Billiton announced.  More »

BHP Billiton to cut petroleum capital spending by $279 million

BHP Billiton, the Australian mining and oil giant, will cut capital spending in its petroleum division by $279 million in 2015, the company announced in its annual report Thursday.  More »

Can we at least agree that it’s not “hydraulick?”

The oil and gas industry in Pennsylvania is embracing the word “fracking,” and spelling it that way, to counter its pejorative use by opponents of hydraulic fracturing.  More »

Saudi Aramco a “force to be reckoned with” in chemical industry

Seven years after the state-owned oil company of the world’s leading crude producing country began its march into petrochemicals, Saudi Aramco now stands to become a key player in global chemicals production, according to a new study by Houston-based energy analysts IHS.  More »

Dynegy’s CEO says the company is in it for the long run

Once Dynegy’s two deals close early next year, Dynegy’s workforce should grow from around 1,600 employees to 2,600.  More »

Texas regulator denies power plants’ bid for tax exemption

Texas regulators said power plants added equipment to improve efficiency and profit even if pollution reduction also resulted, and therefore don’t qualify for a property tax exemption relating to pollution control.  More »

Enbridge aims to burnish image with feel-good ads

Enbridge is aiming to change the national debate about energy — and buff up its own image at the same time — with a multi-million-dollar advertising campaign highlighting how oil and gas fuel our lives.  More »

Shale boom buoys businesses far removed from oilfields

The boom has been most generous to companies working in states with the most oil and gas activity, but the economic boost has also trickled down to steel-makers and machine tool manufacturers based in regions with no production, the report said.  More »

The Spoils of War: US Diplomacy Must Focus on Conflict Resolution Over Oil Revenues

In the recent debate about what mistakes the United States has made in the Middle East and new air strikes on Syria, more attention needs to be given in the follow up to military action to oil conflict diplomacy. The United States and its coalition partners paid inadequate attention to oil conflict diplomacy in Iraq […]  More »

Galveston port sets aside 185 acres for proposed LNG plant

Trustees signed an “option to lease” agreement for the property with a subsidiary of Woodlands-based NextDecade, a privately owned company focused planning to build a $6 billion liquefaction plant on the small island north of Galveston, said Port Director Michael Mierzwa said.  More »

Condensate production booming, but fight over definition limiting exports, EIA official says

The director of the U.S. Energy Information Administration said that U.S. production of condensate, a light oil separated from natural gas, has never been higher. But a fight over the substance has kept exports low.  More »

Oil-rich Rockefellers plan to divest from fossil fuels

After building their fortune on oil, the Rockefeller family is joining growing chorus of philanthropies, foundations, religious groups and pension funds pledging to sell assets tied to fossil fuels, the New York Times reported Sunday.  More »
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