The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.
International energy trading firm Vitol will anchor a new development planned in the Upper Kirby District, a developer announced Tuesday.
The lead plaintiffs attorneys who negotiated last year’s multibillion-dollar class-action civil settlement in the litigation over the 2010 Gulf of Mexico oil spill asked a federal appeals court Tuesday to reject a challenge to the deal filed by more than a dozen individuals and businesses.
Texas grid planners said Tuesday that the state’s power system is well prepared to handle extreme weather through the winter.
Finance company Meridian SEZC will provide up to $60 million in financing for Eagle Ford Oil & Gas Corp. to purchase and develop properties in Madison and Hardin counties. The companies expect the deal to be completed soon. “This represents a very significant step forward for the company and will provide the funds needed for
Sanchez Energy Corp. was once known as the pure Eagle Ford Shale player, with 140,000 net acres. The company just bought a big position in Lousiana and Mississippi’s Tuscalosa Marine Shale. But its main focus continues to be in South Texas for now, according to the company’s recent call with analysts. The Houston-based company said
The Securities and Exchange Commission said Tuesday it will rewrite a rule forcing oil and gas companies to reveal what they pay foreign governments in exchange for mineral rights, instead of appealing a court ruling against the agency’s first attempt at the mandate.
Charles McConnell, a former U.S. assistant secretary for fossil energy, said his job entails bolstering the university’s relationships with industry giants such as Exxon Mobil Corp., Royal Dutch Shell and BP.
The U.S. government is pumping $16 million into projects aimed at producing energy from ocean waves, currents and tides, based on a federal forecast that water power could provide 15 percent of U.S. electricity by 2030.
A set of chemical coatings developed at the University of Houston repels water and other liquids to keep things as varied as jeans and solar panels clean and protected.
China’s power generation capacity is expected to double by 2030, with renewable energy making up more than half the new plants, according to a study released Tuesday by Bloomberg New Energy Finance.
A decision on whether to approve the Keystone XL oil pipeline may slip into next year, giving opponents time to marshal efforts against it while offering President Barack Obama a chance to wring concessions from Canada.
Cristobal Sustaita didn’t know about the pipeline running underground near his West Texas home until it erupted into a fireball in 1976, burning to death five people including his wife and 20-month old son.