Maria das Graças Silva Foster, CEO of Petrobras

Petrobras to create department to fight corruption

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Around two dozen people including a top company executive, were arrested late last week.
The United Kalavryta, shown in the Gulf in late July, about 60 miles off Galveston's coast. (Courtesy: U.S. Coast Guard)

Iraq wants tanker dispute to stay in U.S.

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Iraq wants an international dispute over a tanker of crude floating for three months off Galveston’s coast to remain in U.S. courts because Kurdistan refuses to resolve the matter on Iraqi soil, according to recent court filings.
(Thomas Shea photo)

Petrochemical construction boom fueling demand for Houston workers

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More than 120 petrochemical plants worth $80 billion are slated for construction, or scheduled to open, within the coming years, stoking concerns about a shortage of skilled employees to build and operate the plants once they come online.
(AP Photo/Steve Helber)

Cheaper gasoline may translate to a boost in holiday spending

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For every 1 cent drop in gas prices, Americans save about $3.7 million.
A multibillion-dollar expansion of  Dow Chemical Co's Freeport complex is one of many Gulf Coast petrochemical projects driven partly by low-priced U.S. natural gas.  (Dow Chemical Co. photo)

Dow Chemical to sell off even more assets

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Dow Chemical executives on Wednesday announced plans to sell off even more assets in the next two years, continuing a push to streamline operations and pull back from products that no longer fit within the company’s business strategy.
(Eddie Seal/Bloomberg)

Halcón to pull back from Tuscaloosa Marine Shale

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The decision underscores the wide disparity between the economics of established shale plays and younger ones.
Halcon

Halcón to slash spending, cut rigs as oil prices fall

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Although Halcón posted a $186.9 million profit and saw production surge 16 percent in the third quarter, the Houston-based independent oil and gas company said falling oil prices necessitate a more conservative approach in 2015.
conocophillips offshore

ConocoPhillips announces second oil discovery in Senegal

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Cairn Energy said initial analysis shows the well has “excellent reservoir sands” with as much as 118 feet of net oil pay.
KiOR's facility in Columbus, Miss. (KiOR)

KiOR says it owes $312 million because it missed payment

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Biofuel maker KiOR missed a $1.8 million loan payment to the state of Mississippi.
Categories: Biofuels
The United Kalavryta, shown in the Gulf in late July, about 60 miles off Galveston's coast. (Courtesy: U.S. Coast Guard)

Iraqi ambassador says negotiations continue with Kurdistan over oil

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Iraq’s ambassador to the United States said Friday that he “sees positive signs” in the recently launched negotiations between Iraq and Kurdistan regarding oil revenue-sharing agreements, among other points of dispute.