Tag: Houston

Crude oil rides Texas’ rails with little tracking

For generations of producers drillers in Texas, where a vast pipeline system has grown with the fits and starts of the oil industry’s notorious business cycle, railroads provided little more than a relatively expensive last resort. But in the boom associated with the hydraulic fracturing, producers increasingly enlist trains to handle the glut.  More »

Maersk Oil to lay off a fourth of Houston staff

Diminishing returns in Brazil and the Gulf of Mexico have pushed Maersk Oil to cut a quarter of the jobs at its Houston office.  More »

Refiners adapt as oil supply tips away from imports

As more U.S.-produced oil makes its way to Gulf Coast refineries, they’re having to retool to process the domestic crude — which is a different grade than the imported oil they’re designed for but also is often cheaper.  More »

Magnum Hunter to move from Houston to Dallas

HOUSTON — Magnum Hunter Resources Corp., the Houston-based exploration and production company, will move its corporate headquarters to Dallas around the end of the year, the company announced this week. The company also said it will consolidate its accounting office based in Grapevine, a suburb of Dallas, into its new corporate headquarters. Chairman and CEO Gary […]  More »

Small gas-to-liquids plant planned for former Houston power plant site

Capitalizing on an abundant supply of cheap natural gas, Biofuels Power Corporation plans to build a small-scale plant to convert natural gas to synthetic crude on a former power plant site south of downtown Houston, the company announced Monday.  More »

Some Chevron, Texaco stations still aren’t selling premium

Two weeks after Chevron suspended sales of premium and mid-grade gasoline at Houston-area pumps, some of the 500 stations still aren’t selling it.  More »

Houston pay tops nation on oil, gas strength

Houston outpaced every city in the nation in annual wage growth during the second quarter, thanks largely to a generous bump in oil and gas-industry pay, according to PayScale.  More »

People making moves in Houston’s energy world

Check out the recent job changes and promotions in Houston’s energy business.  More »

Chevron making major land buy near Houston

Chevron Corp. has signed an agreement to buy 103 acres of land in Katy, its latest effort to boost its Houston-area presence.  More »

Exxon Mobil sells Houston building

Exxon Mobil has sold an eight-story office tower near the North Freeway and Beltway 8.  More »

Report: Export boom will boost Houston job growth

A report by the Greater Houston Partnership and HSBC Bank says Houston may enjoy a 15 percent rise in exports, creating 55,000 new jobs.  More »

Houston made a good impression, for the most part

Thursday was the final day of the 45th OTC, Houston’s largest annual convention. As visitors and vendors headed home, what impressions of Houston — good and bad, big and small — did they take with them?  More »
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