Fuel Fix

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.

Technip to lay off 6,000 workers

on
OTC 2013
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.
A Linn Energy relief driller loads drill rods onto a rig in Indiana, Pennsylvania in the Appalachian Basin. (AP file photo/Andrew Rush)

Linn Energy sells Permian assets, finalizes $1.5 billion in equity deals

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The assets include 6,400 net acres northeast of Midland for prospective horizontal drilling in the Wolfcamp area of the Permian. The deal also includes existing production from 133 wells in the area.

Electricty Generation

Natural gas will dominate Texas electric growth, report says

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Natural gas power plants will represent almost all the growth in Texas electricity generation until at least 2040, the U.S. Energy Department reports.
ApacheLogo1_small

Obit indicates Arkansas man was Apache supervisor slain in Egypt

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Details in an obituary indicate the Apache Corp. worker killed in Egypt last week was a 28-year company veteran who mostly recently lived in Fayetteville, Ark.
Categories: Middle East

A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

Attorneys: BP not entitled to get Gulf settlement payments back

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Plaintiff attorneys say BP has no right to recover any alleged overpayments made through the multibillion-dollar Gulf oil spill settlement it reached two years ago to repair the coastal economy.
A platform works on ConocoPhillips' Jasmine Field project in the North Sea. (ConocoPhillilps)

Show them the money; Feds to boost offshore bond requirements

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With oil companies boring wells and building offshore facilities in ever-deeper waters, federal regulators on Friday moved to update decades-old requirements to ensure they have enough money to dismantle the equipment once crude stops flowing.
Categories: Politics/Policy
Tesoro-Logo

Tesoro names new executives

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Refiner Tesoro Corp. is hiring two new executives, including a new chief financial officer and an executive vice president for strategy.
(Nick De La Torre / Houston Chronicle)

Feds’ new LNG export plan benefits Cheniere

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The Energy Department on Thursday upended the way it vets proposals to export liquefied natural gas, formally implementing a new approach that gives an advantage to projects that have already completed an expensive environmental review. The biggest winner under the new approach is Houston-based Cheniere Energy.
A series of pipes direct natural gas in Bismarck, North Dakota. (Daniel Acker/Bloomberg)

Pipeline firm plans $1.75B gas lines in Northeast

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A Houston company is planning to spend $1.75 billion on two new pipelines to carry Northeastern U.S. shale gas to nearby states and to systems that go to Gulf Coast and Midwestern markets.
Categories: Pipelines