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.

(Photo: Valerie Everett/Flickr)

Former gas drilling exec charged in $9.2M scam

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A former Pennsylvania gas drilling company executive has been charged with stealing $9.2 million from his company.
Categories: Legal issues
(Jennifer A. Dlouhy/The Houston Chronicle)

Gas blast at Chinese coal mine traps 22 workers

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A gas explosion on Friday trapped 22 workers underground in a coal mine in western China.
Categories: Asia, Coal, Safety/Security

Oil Barrel

Oil prices down as Libya plans to resume output

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Oil prices were subdued Friday amid the possibility of new supplies from the Middle East after a Libyan militia said oil terminals could reopen.
Categories: Crude oil, Gasoline
Anadarko Petroleum Corp. logo

Judge holds Anadarko’s Kerr-McGee liable

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The company may have to pay as much as $14 billion related to environmental cleanup and health claims.
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OSHA cites Houston manufacturer after worker struck by machine part

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The agency has proposed penalties totaling $199,800 for four repeat and three serious violations, according to OSHA.
Categories: Accidents, Refining
A series of pipes direct natural gas in Bismarck, North Dakota. (Daniel Acker/Bloomberg)

Poll: Americans support more pipelines, including Keystone XL

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Eight out of 10 Americans support expanding the nation’s energy infrastructure, with new pipelines and other facilities to transport oil and gas across the U.S., according to a survey released Thursday.
The Texas Panhandle sky silhouettes a Linn Energy drilling rig in Wheeler County. (Linn Energy)

US natural gas reserves rise in the global ranks

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The US is now No. 12 in terms of proved oil reserves, but is quickly becoming a leader in natural gas reserves instead.
Categories: Crude oil