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.

Crewmen work a site for TransCanada's Keystone XL project in Wood County, Texas. (Cody Duty / Houston Chronicle)

Feds meet with enviro groups as Keystone decision nears

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As the State Department readies its final review of the proposed Keystone XL pipeline, environmentalists on Monday stepped up their fight against the project.
Saudi Aramco's Manifa field was drilled through 27 man-made islands in a bay along the Persian Gulf. It will put out 900,000 barrels per day of crude by the end of 2014. (Photo: Saudi Aramco)

Oil and gas spending to hit record in 2014

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Oil and gas companies will spend more money in 2014 than they ever have to explore for and produce oil and gas, with $723 billion expected to fund the global effort, according to projections from Barclays.

U.S. Department of the Interior  logo

Northeast Nevada eyed for more oil exploration

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Noble Energy officials say it may be as far as a decade away, but they’re confident they’ll be drilling for oil in northeast Nevada.
Categories: Exploration
Mexican lawmakers have passed legislation that will end a 75-year state monopoly on the energy industry.

Mexican energy plan would attract overseas investment

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The Mexican energy reform proposal released Saturday afternoon offers the critical terms sought by international investors, offering overseas companies the right to share in risks and rewards of Mexican exploration, an analyst said Sunday.
Ethane-molecule

Proposed ethane cracker faces tough review

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A proposed ethane cracker plant in Wood County likely would have to comply with a state regulation aimed at limiting greenhouse gas emissions from major industrial facilities.
Categories: Chemicals, Environment
(Photo: Loozrboy/Flickr)

Environmentalists, unions seek to fix gas leaks

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Unions and environmentalists unite in call to fix leaky old pipelines that threaten public health and the environment, a national effort that could cost $82 billion.
Categories: Environment, Natural gas
Oil Barrel

Oil near $98 as US economy shows improvement

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The price of oil inched toward $98 a barrel Monday after stronger U.S. hiring suggested demand for crude could increase.
Categories: Crude oil, Markets