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

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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.

Corpus port opens a $41 million extension

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  The Port of Corpus Christi this week is opening the $41 million extension of its La Quinta Channel. The project extends the ship channel 1.4 miles to a depth of 41 feet. It also includes breakwater and shore protection for 45 acres of seagrass habitat, as well as 200 acres of shallow water habitat created […]
Categories: Uncategorized
Rep. John Shimkus, R-Ill., speaks during a rally in October 2010 in Collinsville, Ill. (AP Photo/Jeff Roberson)

Republican lawmakers divided on oil exports

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Oil companies eager to sell U.S. crude overseas are pushing Congress to relax a 39-year-old ban on those exports, but even reliable allies on Capitol Hill are wary. Rep. John Shimkus, R-Ill., said there is a kind of “schizophrenia” around the issue on Capitol Hill.
Categories: Markets, Politics/Policy

(Bill Montgomery photo/Houston Chronicle)

Power conservation alert ends

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The agency that operates most of Texas’ power grid has canceled a conservation alert tied to cold weather.
Categories: Electricity
Maria de Lourdes Melgar Palacios, Mexico's undersecretary of hydrocarbons in the Ministry of Energy. (Emily Pickrell/Houston Chronicle)

First bidding round for Mexico will be June 2015

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Mexico plans to open up its first bidding round with private participation in June 2015, the newly appointed undersecretary of hydrocarbons said Friday.
Categories: Latin America
Photo:  www.zackmorriscellphone.com

Google Glass: funny looking, hard to use at first, but this is the future of oil & gas technology

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It’s now been a few days since I received Google Glass, so as I promised in my last post I’m ready to give some early hands-on impressions. Specifically, I’ll give some general impressions from a consumer’s point of view, then focus on how this technology relates to the oil & gas industry, as well as some shortcomings as I see them that could prevent near-term adoption in this field.
A boat passes a refinery standing along the Houston Ship Channel.  (Scott Dalton/Bloomberg)

Houston port’s $35B blitz led by energy investments (photos)

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As record oil and gas output floods the country with cheap and abundant energy and brings the U.S. closer to energy independence, the bulk of the fuels get squeezed through Houston, the country’s largest export gateway and the core of its biggest refining region.
Categories: featured, Markets, Refining
Attendees arrive at the winter NAPE Expo earlier this year. The summer show is under way this week at the George R. Brown Convention Center .   (Mayra Beltran / Houston Chronicle)

Expo draws oil players large and small in changing market (photos)

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Energy executives from across the country gather in Houston every winter to haggle over North American oil land and offshore projects in the Gulf of Mexico.
Categories: Deals, Premium