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API President and CEO Jack Gerard at CERAWeek in March 2014 (Photographer: F. Carter Smith/Bloomberg)

Oil export boosters have votes to prevail on Capitol Hill, industry leader boasts

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American Petroleum Institute President Jack Gerard said there are enough votes in the House and Senate to overturn the United States’ longstanding ban on crude exports. But a former Navy commander urged caution.
(Spencer Platt/Getty Images)

Federal Reserve says oil service costs down 30 percent

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Contacts in the U.S. petroleum business told the Fed the cost of drilling and bringing wells into production have dropped 20 to 30 percent since the beginning of the year, according to the Fed’s June Beige Book, a monthly assessment of economic activity in 12 regional districts across the United States.
Trimac Transportation driver Robert Williams used the liquified natural gas lane to fill his truck at the Flying J truck stop on I-10 East in Baytown Thursday Aug. 23, 2012.(Dave Rossman/For the Chronicle)

Natural gas could dent demand for oil as transportation fuel

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HOUSTON — The surge in liquefied natural gas as a transportation fuel for truck fleets and ships could displace oil demand by more than 1.5 million barrels a day by 2030, according to a new study by IHS Energy. While 1.5 million barrels of oil may not seem like a large chunk of the 93.6 […]
A well is drilled at an Apache Energy site in the Permian Basin in Midland, Texas, Feb. 14, 2012. (Jim Wilson/The New York Times)

Shale tech could squeeze 141 billion barrels from oil fields outside the US

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Adapting the technology that powered the shale oil boom in Texas to the deserts of Saudi Arabia and elsewhere could free 141 billion barrels of crude, research firm IHS said Thursday.
Raad Alkadiri, Managing Director, Energy Insight, IHS, delivers remarks during "The Future of Geopolitics: Turmoil and Transition" panel on the last day of CERA Week at Hilton Americas-Houston on March 7, 2014, in Houston. (Mayra Beltran/Houston Chronicle)

CERAWeek: MIT professors talk technology

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What does a clogged ketchup bottle have to do with oil and gas? More than you might think, said a panel of experts from the Massachusetts Institute of Technology.
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”

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Kinder said in an interview that oil and gas leaders hadn’t done enough to show how important the industry is
Siemens CEO Joe Kaeser (Getty Images)

CERAWeek Q&A: Siemens CEO will focus on integrating acquisitions amid downturn

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Siemens AG CEO Joe Kaeser talked with FuelFix ahead of his CERAWeek presentation Wednesday about his continued faith in the oil and gas business and global crude demand.
Panelists discuss the future of LNG amid collapsing crude prices on the third day of IHS Energy's CERAWeek conference in Houston. (Houston Chronicle)

CERAWeek: Weaker LNG projects could “lose their nerve” amid a slowdown, Parallax CEO says

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Falling oil prices are pumping the brakes on the global liquefied natural gas market, forcing a much-needed cooling-off period for a white hot market that has rapidly expanded in recent years, a panel of LNG experts said Wednesday.
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CERAWeek: BP CEO says don’t expect wave of energy mergers yet

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BP CEO Bob Dudley says he doubts there will be a surge of corporate consolidation in the energy industry – effectively a repeat of the mega deals in late-1990s bust that created mammoth oil firms – unless oil prices stay low for long.
Roger Diwan, vice president of financial services for IHS, (right) leads a panel of financial industry professionals during IHS CERAWeek in April 2015.

CERAWeek: Investors gambling on oil making U.S. “center” of oil market

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Investors are pouring capital and corporate debt into oil companies because they’re more afraid of missing the upside of an oil-price recovery than making a bad investment – a risky gamble, a private equity fund manager said Tuesday.