Fuel Fix

(AP Photo/Al Grillo)

Hilcorp acquires Exxon Mobil subsidiary’s Alaska assets

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Categories: featured, General
The new deal is part of Hilcorp’s expansion in the state. The company arrived four years ago and has since become a major player in oil and gas in Cook Inlet and the North Slope.

Hilcorp acquires Exxon Mobil subsidiary’s Alaska assets

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Categories: featured, General
(AP Photo/Al Grillo)
The new deal is part of Hilcorp’s expansion in the state. The company arrived four years ago and has since become a major player in oil and gas in Cook Inlet and the North Slope.
OTC 2013

Technip to lay off 6,000 workers

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The Paris-based firm, which has its main U.S. offices in Houston, said Monday the move will save it $919 million over the next two and a half years, with the bulk of those savings coming in 2016.

(AP file photo/John McConnico)

Norway government loses in drive to expand Arctic oil boundary

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Even as a drop in oil prices makes Arctic exploration less attractive, Norway is betting on success in the Barents Sea, thought to hold more than 40 percent of its undiscovered resources. The Nordic country’s oil output, still western Europe’s biggest, has been more than halved since a 2000 record.
Categories: Arctic, Europe
(DEwira/AFP/Getty Images)

IEA: Crude demand returns, and OPEC steps up

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The world’s appetite for crude is making a comeback as economies improve and cheap oil draws out more buyers, the International Energy Agency says.

(Andrey Rudakov/Bloomberg)

Eurasia Drilling slumps as Russia fails to rule on Schlumberger deal

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Russia’s foreign-investment commission met Thursday yet didn’t make a decision on Schlumberger’s bid, Natural Resources Minister Sergei Donskoi said by phone, without giving a reason.
Categories: Deals, Europe
John Hess, chairman and CEO of Hess Corp. (Photographer: F. Carter Smith/Bloomberg )

Hess to sell $2.7 billion stake in Bakken pipes to private equity firm

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Oil producer Hess Corp.’s midstream venture will have a new partner in Global Infrastructure Partners at the cost of a cool $2.7 billion.
Categories: Deals, featured, Pipelines
Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug. 30, 2013. (Susana Gonzalez/Bloomberg)

Pemex reports its largest oil find in 5 years in Gulf of Mexico

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The discovery won’t affect Pemex’s output forecast of 2.4 million barrels a day this year though will likely alter the company’s estimate to increase production by 500,000 barrels by 2018, CEO Emilio Lozoya said.
Charif Souki, CEO of Cheniere Energy speaks during an interview. (James Nielsen/Houston Chronicle)

Cheniere reveals plans for additional LNG projects

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Cheniere plans to expand its liquefied natural gas empire, adding two additional production units in Corpus Christi and partnering with a smaller Houston-based LNG company to build new projects in Louisiana.
Categories: LNG
Earthquake2-DaveSchumaker-flickr

Natural gas firm asked to show it’s not causing Texas quakes

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A natural gas extraction company controlled by energy giant Exxon Mobil sought to prove Wednesday that it is not to blame for a recent rash of small earthquakes in North Texas, telling a powerful state agency that it believes the earthquakes occurred naturally.