The militia that captured the Al-Mabruk field Wednesday could be a local branch of Islamic State a spokesman of the national Petroleum Facilities Guard said. More »
Negotiators broke off their talks late Saturday night when negotiations came to an impasse. More »
Lyondell did not mention an industry-wide labor strike by United Steelworkers that sent union members picketing the company’s U.S. headquarters in downtown Houston. More »
The strike against LyondellBasell’s refinery in Houston began early Sunday as part of a nationwide effort targeting nine plants nationwide, including five in the Houston area. More »
Shortly after midnight Sunday, workers struck at the LyondellBasell refinery in Houston, Marathon Petroleum’s Galveston Bay Refinery in Texas City and Shell Deer Park Refinery. More »
Gasoline prices have risen over the past week, mostly because of seasonal factors that typically send the price up in the final weeks of winter. More »
The gulf between local chapters of the union and Houston employers could complicate a deal to end the national strike that has had Steelworkers’s members picketing nine chemical plants and refineries across the U.S., five of which are in Houston. More »
Workers at three area refineries and two other local facilities went on strike early Sunday after the Steelworkers union failed to reach a contract deal with industry negotiators. More »
The company’s profits in its marketing and specialties division soared, rising from $105 million in the fourth quarter of 2013 to $367 million a year later. More »
Current contracts expire at 12:01 a.m. on Feb. 1. for most of the 30,000 oil workers – including 5,000 in Houston – covered by the labor agreements.
The United Steelworkers represent about 475 workers at the LyondellBasell Refinery. More »
The facility was to be located next to an $8 billion ethane cracker in Lake Charles, Louisiana. More »
“The implications of lifting restrictions on exporting domestic crude are less well known to lawmakers, much less the public,” said the executives from Alon USA, Monroe Energy, PBF Energy and Philadelphia Energy Solutions.
Citgo Petroleum Corp. is planning to raise $2.5 billion and transfer the funds to its cash-strapped corporate parent, state-owned Petroleos de Venezuela SA, according to a person with knowledge of the matter, Bloomberg News reports. More »
Crude has long coursed from Canada to Oklahoma through the existing Keystone pipeline. Southeast Texas connected to that line in January last year when the Keystone XL southern leg ending in Nederland was complete, and Gulf Coast plants are already refining crude from Canadian fields.
Royal Dutch Shell won’t move forward with plans for a new petrochemical plant in Qatar, the company announced Wednesday morning. More »