Exercises this week gave Shell a chance to demonstrate the equipment for Coast Guard officials and federal regulators at the Interior Department who will decide whether the company gets critical permits enabling a new round of Chukchi Sea oil exploration this summer. More »
Moody’s Investors Service said $1.85 billion of the Houston oil producer’s debt is at higher risk of default after financial disclosures in its annual report Tuesday indicated it has an “unsustainable capital structure.” More »
Craft laborers require years of training, but the industry has failed to consistently invest in developing that workforce, leading to a worker shortage plaguing the petrochemical building spree. More »
A new power plant in West Texas that essentially transforms coal into cleaner-burning natural gas is poised to break ground later this, an executive in charge of it said at a conference in Houston Wednesday. More »
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