Fuel Fix

OTC 2013

Technip to lay off 6,000 workers

on
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

on
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.

Plains All American announces $120 million in Eagle Ford projects

on
Plains All American Pipeline has announced $120 million in capital projects for the Eagle Ford Shale region, including a new natural gas liquids fractionator. The fractionator, expected to be operational in the second quarter of 2015, will be able to process up to 15,000 barrels per day of natural gas liquids, the Houston-based company announced […]
Categories: Uncategorized
(Plains All American)

Plains All-American to expand Eagle Ford presence

on
Plains All American Pipeline has announced $120 million in capital projects for the Eagle Ford Shale region, including a new natural gas liquids fractionator.

As U.S. crude production nears records, the oil industry is pushing for relaxed rules on oil exports.  (AP Photo/Orlin Wagner)

Oil industry takes aim at export ban

on
The oil industry is fighting back against allegations that it is looking to recruit another country to challenge the U.S. ban on exporting American crude.
Categories: Politics/Policy
LEDBulb_small

Bigger homes, more gadgets not stopping drop in power use

on
U.S. electricity sales are on track to fall again in 2013, likely marking the fifth time in six years that Americans have bought less power than the year before, according to the U.S. Energy Information Administration.
Categories: Electricity
Holly Corp.'s Woods Cross Refinery in Utah.

Doctors seek to block oil refinery expansion

on
A group of doctors concerned about air pollution is asking Utah regulators to put a hold on a major oil refinery expansion.
Categories: Environment, Refining
(AP Photo/David J. Phillip)

Hydraulic fracturing reduces threat of Texas drought, researchers say

on
The water saved by shifting a power plant from coal to natural gas is 25 to 50 times as great as the amount of water required to extract the natural gas through hydraulic fracturing, according to a University of Texas study released Thursday.
(Image: Fotolia)

WTI-Brent spread narrowing as US exports record fuels

on
The price gap between the world’s two biggest oil benchmarks probably will narrow next year as U.S. exports of refined fuels reach a record and crude supply from the Middle East and North Africa expands.
Categories: Crude oil, Markets