Pipe-line - 3

U.S. Steel postpones project due to low energy prices

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The plant, which was to produce 1.6 million tons of steel using an electric-arc furnace, replacing a blast furnace at the site, will be postponed until conditions in steel and energy markets improve, Pittsburgh-based U.S. Steel said in a statement Monday.
Balance and inspection of compressor and steam turbine rotors at Dresser-Rand. (Norman J. Quinn/Houston Chronicle)

Dresser-Rand plans to shutter plant, lay off 72 workers

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More Houston-area energy jobs are on the chopping block next year as Dresser-Rand announced plans to shutter a North Houston support facility and lay off 72 people who work there.
Categories: Crude oil
MR, left to right: Matt_Enders.jpg, Dustin_Harris.jpg

Photo taken with the Canon EOS 1Ds Mark II camera.

EIA: Exports depend on domestic production level

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How the end of the export ban plays out will depend on how much oil the U.S. produces.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil prices mixed as traders await new inventory info

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International Brent crude rose slightly Tuesday after reaching an 11-year low on Monday.

Seven factors dwarfing crude prices today

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Seventy-eight years after Walt Disney released the first full-length animated feature, and seven factors in today’s crude complex are dwarfing crude prices. Happy – Let’s start off with the good news: retail gasoline prices have dropped below $2/gallon on the national average. Prices have broken below the lows seen earlier in the year, and are […]
(Ty Wright/Bloomberg)

National gasoline average dips down to $1.99 a gallon

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The move comes just in time for a busy holiday driving season with so many people hitting the road to spend time with family and friends. This is the lowest gas prices have dropped since March 2009.
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Rep. Joe Barto

Barton, Green, Cornyn weigh in end of export ban

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U.S. Rep. Joe Barton, who sought to end the ban in each of the past few sessions of Congress, said the current industry slump of low oil prices helped seal the deal in Washington.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Congressional vote, Obama’s signature end oil export ban

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President Barack Obama’s signature on a sweeping spending bill immediately lifted a 40-year ban on exports of U.S. crude.
Thad Hill

Renewables, natural gas to grow after Paris climate and budget agreements

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Calpine, the owner of the nation’s largest fleet of gas power plants, walks a fine line in supporting the Paris talks and the federal Clean Power Plan to reduce emissions at power plants, while also opposing the five-year extensions of wind and solar tax credits in the federal budget approved Friday by Congress. Hill supports a carbon tax, but in a “level playing field” without tax credits.
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

Rig count snaps losing streak, jumps up 17

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This was only the third, double-digit increase in the count of oil rigs this year.