OPEC has yet to decide to cut its production target, the United Arab Emirates’ energy minister said, as crude prices extend a slide since June amid a boom in U.S. shale oil and signs of slower demand growth in China. More »
Trustees signed an “option to lease” agreement for the property with a subsidiary of Woodlands-based NextDecade, a privately owned company focused planning to build a $6 billion liquefaction plant on the small island north of Galveston, said Port Director Michael Mierzwa said. More »
The director of the U.S. Energy Information Administration said that U.S. production of condensate, a light oil separated from natural gas, has never been higher. But a fight over the substance has kept exports low. More »
Chevron hired an investment banking firm to identify potential buyers interested in its Hawaiian assets, which include the refinery in Kapolei on the island of Oahu, a pipeline that connects the refinery to a terminal in Honolulu and five terminals across the Hawaiian islands. More »
After building their fortune on oil, the Rockefeller family is joining growing chorus of philanthropies, foundations, religious groups and pension funds pledging to sell assets tied to fossil fuels, the New York Times reported Sunday. More »
French energy giant Total SA will sell $10 billion of assets from 2015 to 2017, the company announced at an event for analysts Monday, as part of a broader strategy designed to promote financial discipline within the company. More »
Siemens AG’s $7.6 billion deal to buy Houston’s Dresser-Rand Group is about more than collecting gas turbines and super-sonic engines: It’s about getting access to Houston, the epicenter of executive power in U.S. oil and gas, the German conglomerate’s chief executive said Monday. More »
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