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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 »

NOV completes leadership, business unit shuffle

National Oilwell Varco saw a lot of change in 2014, following the naming of its new CEO and the reorganization of its business units.  More »

McCarthyism is Alive and Well

Last week Senator Sheldon Whitehouse and Representative Henry Waxman  moderated an event hosted by the Bicameral Task Force on Climate Change. It featured panelists who make a career of attacking, sometimes viciously, industries that do not toe the environmentalist line on climate change.  One of the panelists asserted that industry attempted to cover up the health […]  More »

Galveston eyed for $6 billion LNG export terminal

Galveston Wharves trustees Monday will consider leasing 185 acres on the northeast corner of Pelican Island to Next Decade, a privately owned company focused on developing two Texas LNG export facilities.  More »

Exxon to halt Russian drilling in face of U.S. sanctions

The U.S. Treasury Department has given Exxon Mobil Corp. and other contractors a license to wind down operations in the Russian Arctic as the Irving-based company prepares to comply with U.S. sanctions banning joint-venture oil exploration in the area.  More »

Wild Well unveils newest 120-ton capping stack

Houston-based Wild Well Control has stationed a capping stack in Singapore as part of its global system for responding to underwater well blowuts.  More »

For engineering students, first impressions count

As more than 100 companies — mostly in the energy sector — descended on the University of Houston Hilton for fall recruitment Thursday, Vita Como, senior director of the school’s engineering career center, has an important message: engineers are in demand, but first impressions count.  More »

Canadian bank takings bid on Apache assets in Alberta

The Bank of Nova Scotia is taking bids for Apache Corp. assets in Alberta, according to marketing materials on its website, in what could signal the latest divestment effort by the Houston-based exploration and production company.  More »

Proposed transmission line puts corporate powerhouses at odds

The Public Utility Commission of Texas will decide whether CenterPoint Energy can build a new transmission line that two Houston generating companies oppose.  More »

Libya halts biggest oilfield amid rebel attacks

The disruption “serves as a reminder that despite recovering export rates and the National Oil Corp.’s reassurances of stable supplies, the country remains in a state of civil war, where anything can happen,” Andrey Kryuchenkov, an analyst at VTB Capital in London, said.  More »

Want to improve your business acumen? Take some tips from Gordon Ramsay

Believe it or not, you can learn a lot from reality television.  More »