Posts filtered on Tag

Houston

A contractor with Michels Corp. carries pieces of wood used to prop up sections of pipeline as they are assembled during construction of the Flanagan South crude oil pipeline outside Goodfield, Illinois, U.S., on Tuesday, Oct. 8, 2013. The approximately 600-mile, 36-inch crude oil pipeline is being constructed by Enbridge Energy Co., Inc., a subsidiary of Enbridge Inc., CanadaÕs largest oil transporter, and will originate in Flanagan, Illinois and terminate in Cushing, Oklahoma. (Daniel Acker/Bloomberg)

Enbridge will shift Canadian pipelines, wind projects in $15.2 billion restructuring

on
Calgary, Alberta-based Enbridge will move its Canadian liquids pipeline business and four wind projects into its affiliated Enbridge Income Fund. In exchange, the income fund will pay its parent companies C$18.7 billion ($15.2 billion) and take on C$11.7 billion ($9.53 billion) in debt.
Amedeo Marcotulli is the new Xodus Subsea general manager in Houston. (Xodus)

Xodus Subsea adds new Houston leadership, but slows growth plans

on
Xodus Subsea launched in October as a global energy engineering firm with plans to quickly establish a North American headquarters in Houston and grow.

But then the collapse in oil prices sped up. Fast forward a few months and London-based Xodus Subsea has a new Houston leadership team in place, although the growth plans have slowed along with the overall energy market.

(AP Photo/Lisa Poole, File)

Fortune 500: Oil prices take slight toll on rankings for Houston companies

on
Some Houston-based oil and gas companies saw their rankings slip this year after months of low commodities prices hammered the industry.
Linn Energy execs ring closing bell at Nasdaq

Linn Energy among hardest hit E&Ps on Wall Street

on
Jeff Tillery, Houston-based managing director and head of research at Tudor, Pickering, Holt & Co., said Linn’s dip in value made sense because the large offering coincided with a bad day for oil prices.
Process Technician, Eric Gazda, walks in front of the Vinyl Acetate Unit at the Celanese Corp. plant in Pasadena. (Michael Paulsen/Houston Chronicle)

Furmanite CEO touts progress, profits after vitriolic proxy battle

on
Although CEO John Milliron said he is not satisfied with the first-quarter results, he said the company performed relatively well considering the proxy battle, low oil prices, the U.S. Steel Workers strike and a March 7 fire at Furmanite’s United Kingdom operations.
asia-society-texas-center

World-class works at galleries and museums are shining examples of Houston’s energy

on
Houston isn’t just an energy capital; it’s one of America’s great art cities, with a scene that’s ever changing.
Vicki Hollub on Tuesday was named as Occidental Petroleum CEO Stephen Chazen's replacement after he steps down later this year. (Occidental)

Houston-based Occidental names Vicki Hollub to top job

on
Occidental Petroleum executive Vicki Hollub will succeed CEO Stephen Chazen when he retires no later than next year.
(Photo: The Prundent Cyclist, Flickr)

OTC: Need to seal a deal? Belly up to the bar

on
Here’s a sampler of some of Houston’s most popular watering holes, ranging from iconic icehouses to classic cocktail bars.
Kinder Morgan CEO Richard Kinder speaks at the 2015 CERAWeek conference in Houston. (Billy Smith/Houston Chronicle)

Richard Kinder at CERAWeek: Industry hides from public “like we’re selling cigarettes”

on
Kinder said in an interview that oil and gas leaders hadn’t done enough to show how important the industry is
(Nabors)

Nabors has laid off thousands in 2015, including more than 40 percent of its drilling unit employees

on
The firm booked a $123.6 million profit in the first quarter, or 43 cents a share, up from $50 million, or 17 cents a share, in the same period the year before.