Tag: Houston

Schlumberger CEO lays out his plan to weather the crude crash

The growing re-fracturing business is one that could boost Schlumberger’s suffering bottom line amid tumbling commodity prices.  More »

Kinder Morgan CEO says to expect more acquisitions

Kinder Morgan’s board said it would raise the dividend to 48 cents per share, up 14 percent from the prior year’s Q1 payout of 42 cents per share.  More »

Wages for oil and gas workers are growing the slowest of any industry

Falling oil prices and a slowdown in the energy sector have prompted wage growth in the oil and gas industry — as well as Houston at-large — to come to standstill, according to new data.  More »

Plains boosts distribution for first quarter 2015

Pipeline company Plains All American said it would pay its unitholders $0.685 in May.  More »

Cheap oil is squeezing property owners in energy hubs

The 50 percent plunge in crude values since June is already dragging down property prices in Texas.  More »

German engineering giant expanding U.S. operations in Houston

Siemens AG, a global engineering giant that employs about 2,000 workers in Houston, is establishing an oil and gas headquarters at its offices in Houston’s Energy Corridor.  More »

Houston-based wind company expanding

Representatives of Houston-based EDP Renewable told the Wayne County commissioners Wednesday the company will study parts of Wayne, Randolph and Henry counties as possible wind farm locations.  More »

Frank’s International says it will cut up to 600 jobs

Job cuts at Frank’s International follow tens of thousands of job cuts in the oil field service industry, a labor-intensive business that has been hammered by falling oil prices since June.  More »

Houston pipeline giant says its CEO is stepping down

Enterprise indicated that the decision to retire had come from its current CEO, but did not elaborate on the reasons for the shift.  More »

A Houston oil company’s foiled Venezuelan sale is prompting reorganization talk

The company’s stock was down slightly less than a cent in trading Monday — 0.008 or 1.67 percent — to $0.448.  More »

Shell workers in Deer Park end strike

United Steelworkers at Shell Deer Park and Shell Chemical join employees at four Gulf Coast refineries in Louisiana and Texas who have also ended strikes.  More »

Out of Keystone debate’s glare, pipelines going in nationwide

While the Keystone project awaits a final decision, lesser-known developments have quietly added more than 11,600 miles of pipeline to the nation’s domestic oil network.  More »

UPDATE: Steelworkers, Shell reach tentative deal to end refinery strikes

The union and Shell, which is representing the industry in the talks, had been in continuous negotiations since Monday.  More »

Houston’s Dune Energy seeks bankruptcy protection

Dune Energy, a Houston-based exploration and production company, filed for bankruptcy protection in federal court Sunday.  More »

Steelworkers rally at Shell HQ as talks set to resume Wednesday

The marchers started at City Hall and went on to various buildings of oil companies they are battling with over labor contracts.  More »
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