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Dallas Fed: Most regional industries have a positive outlook, but are watching energy prices

The Federal Reserve Bank of Dallas released its latest Beige Book, which shows the tentacles of low oil prices are reaching into sorts of areas of the regional economy. The Fed in Dallas covers Texas, northern Louisiana and southern New Mexico. Its latest report said that low oil prices are considered “transitory,” but “most expect […]  More »

Schlumberger to cut another 11,000 workers

Via Collin Eaton, FuelFix: HOUSTON – Oil field services firm Schlumberger announced Thursday it plans to ax another 11,000 workers, kicking off what could be a second major wave of layoffs across the oil industry. The move will bring Schlumberger’s layoffs up to 20,000 employees, roughly 15 percent of its workforce, since it began paring […]  More »
(AP Photo/Brennan Linsley)

Survey: Oil workers value job security; oil executives value bonuses

Workers and executives in the oil and gas industry split along the answers they gave to an annual survey about their priorities.  More »
frame full of pink slips, layoff notices, etc.

Oil collapse claims 343 more Texas jobs

Two more companies have told state regulators of plans for layoffs in Texas as the global crude collapse continues to batter the oil and gas industry.  More »

Moody’s: Cheniere’s Corpus Christi plant a likely LNG survivor

The Cheniere Energy plant planned for Corpus Christi is the most likely liquefied natural gas project to move forward this year, according to Moody’s Investors Services. A new report from Moody’s says that low oil prices and low LNG prices “will result in the cancellation of the vast majority of the nearly 30 liquefaction projects […]  More »

Laid off in the oil field? This industry wants to hire you.

Laid off in the oil patch? The construction industry is hiring, and it wants former oil field workers to apply. The Associated General Contractors, the American Subcontractors Association, the Construction Leadership Forum, Bexar County and Texas Construction Careers will host a job fair from 9 a.m. to noon Wednesday. Admission is free for job seekers. The jobs […]  More »
A capped oil well sits in a container at Horse Hill well, the center of a new oil discovery in Horley in Surrey  An oil exploration firm said  that it had discovered there were 100 billion barrels of oil in the ground next to Gatwick Airport outside London

Big oil deposit near London airport, but will be hard to tap

While oil companies have been drilling in the Weald Basin since the 1930s, UK Oil & Gas says new “concepts, techniques and technology” have given it a better understanding of the region’s potential.  More »
New Jersey Gov. Chris Christie speaks during a town hall meeting in 2011. (AP Photo/Mel Evans)

New Jersey posts details of Exxon Mobil settlement

Details of the proposed $225 million settlement with Exxon Mobil over pollution around refineries in Linden and Bayonne were posted online Monday,  More »

Polyflow expands in the Eagle Ford Shale

The oil price crunch hasn’t caused all companies to contract in South Texas. Pennsylvania-based Polyflow LLC recently opened a third yard in the Eagle Ford Shale region for selling its Thermoflex pipe, which can transport oil, gas, water and other fluids. Polyflow’s newest office and yard is open on two acres in Dilley. Its other yards […]  More »

Crude production surges by highest volume in 100 years

U.S. crude oil production surged last year by the largest volume in more than 100 years. American producers pumped an additional 1.2 million barrels per day of crude oil and condensate in 2014 compared with the year before, reaching 8.7 million daily barrels, according to the U.S. Energy Information Administration. It was the largest increase […]  More »
(AP Photo/Matthew Brown, File)

BNSF adds new safety rules for crude oil trains

Under the changes, BNSF is slowing down crude oil trains to 35 mph in cities with more than 100,000 people.  More »

Zachry Industrial and partners win LNG construction project

Zachry Industrial, Inc., part of San Antonio-based Zachry Group, and two partners have been awarded a contract to build the third train of the Freeport LNG natural gas liquefaction and export facility on Quintana Island near Freeport. Upon completion, the three-train facility will have a total export capacity of more than 13.9 million tons per […]  More »

2 U.S. funds to invest $900 million in Mexican gas pipeline

The Los Ramones pipeline will transport natural gas from Texas to Mexico.  More »

Rigzone: Layoffs more likely than hiring

  Rigzone’s latest global hiring survey shows that oil and gas companies keep scaling back hiring plans for the foreseeable future. Energy hiring managers polled around the world said hiring plans are on ice – 53 percent said they had scaled back hiring plans for the next six months More than 60 percent of global […]  More »

Mexico says arson at U.S. company linked to extortion

Smaller Mexican companies have been subject to such extortion demands, but larger, foreign-owned firms have seldom been acknowledged as targets.  More »
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