(Daniel Acker/Bloomberg)

Pair of Houston-area reps push for more pipeline inspectors

WASHINGTON — Texas lawmakers are trying to kickstart government hiring of more federal inspectors to watch over the 2.6 million miles of pipelines that carry oil and other fuels across the United States. The legislators, including Houston’s Gene Green, a Democrat, and Republican Pete Olson of Sugar Land, are pushing legislation that would give the […]
Alaska Gov. Bill Walker (AP Photo/Mark Thiessen, File)

Gas reserves tax from Alaska special session agenda

The decision came after Gov. Bill Walker received written assurances from BP and ConocoPhillips Alaska that they would be willing to commit to make their gas available to a gas project if they are not participating.
(AP Photo/Lisa Poole, File)

Phillips 66 names new CFO

Phillips 66 Vice President of Investor Relations Kevin Mitchell, 49, will become the executive vice president of finance and CFO on Jan. 1 after Maxwell steps down, Phillips 66 said Friday in a filing with the U.S. Securities and Exchange Commission.

Phillips 66 grows in Texas, Louisiana to feed refineries

Construction recently began for a new hydrotreater at the Lake Charles Refinery to meet federal Tier 3 standards for lower sulfur content in gasoline for the beginning of 2017.
Richard Kinder at IHS Energy CERAWeek April 22, 2015 (Billy Smith II / Houston Chronicle)

Kinder Morgan to move away from equity financing through mid-2016

Kinder Morgan said Wednesday it will move away from selling equity to raise money, as the low share prices have made financing new projects through stock sales more expensive.
The 29-week plunge in the oil rig count takes a break

Moody’s joins growing “lower for longer” oil slump consensus

Debt rating agency Moody’s Investor Service said Monday it had adjusted its oil price forecast to reflect a more pessimistic, slower recovery in 2016 and 2017.
Alaska Gov. Bill Walker (AP Photo/Mark Thiessen, File)

Alaska to convene special session on gas issues

The Alaska Legislature is set to convene for its third special session this year, this time to consider a buyout of one of the state’s partners on a proposed multibillion-dollar liquefied natural gas project.
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 delays Sweeny startup after mechanical failure

The 100,000-barrel-a-day Fractionator One project at Phillips 66’s Sweeny complex is part of a $3 billion capital expansion project in southern Texas launched last year.
(Screengrab, via Youtube)

Massive pipeline explosion in Encinal under investigation

The explosion occured at around 4 a.m. at a facility operated by Lewis Energy Group, a San Antonio-based oil and gas company.

USD Partners buying oil rail terminal for $225 million

Houston’s USD Partners will spend $225 million to buy a crude-to-rail loading terminal and related assets in Casper, Wyoming.