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.

(Jeff Pachoud/AFP/Getty)

Falling gasoline prices hurt Big Oil’s plea for US crude exports

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The world crude market is having waning influence on U.S. gasoline, which instead is beginning to track lower-priced domestic oil.
Categories: Crude oil, Gasoline, Markets

Energy is the Key to Solving Income Inequality

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When exploring solutions to income inequality policy makers pay close attention to the costs. The cost of healthcare. The cost of food. The cost of child care. The cost of housing. What about the cost of energy? According to the Bureau of Labor Statistics, in 2012 the average U.S. family spent over $4,600 or about […]

Economist Karr Ingham created the Texas Petroleum Index, speaks on July 24, 2014 about the state's oil and gas economy. (Emily Pickrell/Houston Chronicle)

Texas oil boom could be nearing slowdown, economist says

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While soaring production made 2013 a landmark year for Texas oil and gas, there are signs that a slowdown is approaching, according to economist Karr Ingham in a presentation Wednesday.
Categories: Crude oil, Production
Transportation Secretary Anthony Foxx  (AP Photo/Susan Walsh)

Oil shipments disrupting Amtrak trains

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The National Association of Railroad Passengers wrote to U.S. Transportation Secretary Anthony Foxx this week urging him to intervene.

Categories: Crude oil, Rail
(Daniel Acker/Bloomberg file)

Pipeline companies head to court over partnership dispute

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Energy Transfer Partners claims Houston-based Enterprise Products Partners broke its commitment to jointly build a pipeline from Okahoma to Houston and argues Canadian pipeline giant Enbridge conspired to illegally cut ETP out of the deal.
Categories: Legal issues, Pipelines
(Image: Fotolia)

Oil flat as Fed offsets heating oil supply drop

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The price of crude rose nearly 2 percent.
Categories: Crude oil, Markets, Weather
(AP file photo/Sue Ogrocki)

Valero’s fourth-quarter earnings jump

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Valero Energy Corp.’s fourth-quarter earnings rose 30 percent, boosted by last year’s spinoff of its retail stations.