(Photographer: Jamie Schwaberow/Bloomberg)

Anadarko writes down $3.7 Billion in value from Utah field

Anadarko Petroleum Corp. reported its biggest quarterly loss in more than a decade after writing down the value of a single field in Utah by $3.7 billion.
491377279 (1)

Rebuilding the Nation’s Aging Energy Network

Once the envy of the modern world, the nation’s infrastructure system now works overtime just to keep up with the growing needs of the energy grid. While many understand the need for continued investment in roads and bridges, the same cannot be easily said of the nation’s aging energy infrastructure. This network of pipelines, highways, […]

The Devastation of Energy Poverty

The McKinsey Company has recently issued a report, Powering Africa.  The first sentence makes a statement that is obvious—“There is a direct correlation between economic growth and electricity supply”.  It goes on to state that “if sub-Saharan Africa is to fulfill its promise, it needs power—and lots of it”.  The sub-Saharan region is starved for […]
Categories: featured, General, p2
From left, Sen. Thom Tillis, R-N.C., Rep. Rob Bishop, R-Utah, Bureau of Ocean Energy Management Director Abigail Hopper and North Carolina Gov. Pat McCrory discuss federal regulations, drilling and seismic studies at the Offshore Technology Conference.

Gov. Pat McCrory at OTC: Drilling dollars essential to sell offshore exploration along East Coast

For coastal states to support offshore drilling near their shores, they have to glean some of the dollars tied to that activity, North Carolina’s governor told OTC.
Despite the recent price downturn, the oil industry still offers promising career opportunities.

Oil business still offers job prospects, exec says at OTC

Opportunities abound in the oil and gas industry, the current price slump notwithstanding, an executive told young professionals at OTC.
Categories: General, OTC, Workforce

Phillips 66 shelves plans for oil processing projects

In a call with investors on Thursday, Phillips 66 revealed that it will postpone plans for at least a year to build a condensate splitter and second fractionator at its Sweeny refinery.

Equity Finance Betting Against Saudi Arabia

Earlier this year, equity finance players like Blackstone Group LP said they would be out in force cherry picking for cheap oil and gas assets. The theory was simple. As everyone with any experience in oil cycling can tell you, it is too hard to pick “the bottom.” Equity finance players know that and said […]
Categories: General
A Japanese drumming ensemble welcomes guests as Mitsubishi Heavy Industries Compressor International Corp. opens a new plant in Pearland.

Maker of chemical plant components opens Pearland plant

Mitsubishi Heavy Industries Compressor International Corp. officially opened its $75 million manufacturing plant in Pearland, where it plans to put the finishing touches on compressors and steam turbines supplied to customers in the petrochemical sector.
(Sam Hodgson/Bloomberg)

Guest commentary: America’s new and improved energy mix

Demand for alternative energy sources is untethered from oil and natural gas prices, the writers argue.
A Linn Energy relief driller loads drill rods onto a rig in Indiana, Pennsylvania in the Appalachian Basin. (AP file photo/Andrew Rush)

Linn Energy to close Denver office, shed 55 jobs

Linn Energy says it will shutter its Denver office and eliminate 55 positions located there in the latest example of the global crude collapse has forced oil companies to cut back.
Categories: General