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.

Pipelines run from the offshore docking station to four liquefied natural gas (LNG) tanks at the Dominion Resources Inc. Liquified Natural Gas facility in Cove Point, Md.  (AP Photo/Matt Houston, File)

Midstream spending, market value rise to new heights on pipeline demand

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Since the beginning of the shale production boom, Kinder Morgan and other companies that operate pipelines and other oil and gas infrastructure have boosted their spending from about $7 billion in 2006 to $26 billion last year.
Greenpeace International activist and the captain of the Greenpeace ship Arctic Sunrise Peter Willcox of the U.S. looks on after he was released from "Kresty" Csosses prison, background, in St.Petersburg, Russia, Friday, Nov. 22, 2013. (AP Photo/Dmitry Lovetsky)

Nearly all jailed Greenpeace protesters granted bail in Russia

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A Russian jail has freed on bail the U.S. captain of a Greenpeace ship and six crewmembers who were arrested following an anti-oil drilling protest in Arctic waters two months ago.

William Epling, a chemical and biomolecular engineer at the University of Houston, has been named president of the Greater Houston Natural Gas Vehicle Alliance.

Natural gas vehicle group names UH engineer as president

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The Greater Houston Natural Gas Vehicle Alliance has selected a University of Houston engineer as its inaugural president, as Houston prepares itself for natural gas vehicles to take off in the United States.
Categories: Natural gas, People
People walk by damaged vehicles and road following a pipeline explosion in Qingdao in east China's Shandong province Friday, Nov. 22, 2013. Leaked oil from a ruptured oil pipe, owned by China's largest oil refiner, Sinopec, caught fire and exploded Friday in an eastern Chinese port city, killing and injuring many people. (AP Photo)

Oil pipeline blasts in eastern China kill 35

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Leaked oil from a ruptured pipeline in an eastern Chinese port city exploded Friday, killing at least 35 people, injuring 166 and contaminating the sea in one the country’s worst industrial accidents of the year, authorities said.
Categories: Accidents, Asia, Pipelines
Secretary of Defense Chuck Hagel appears at a news conference at the Ministry of National Defense in Seoul, South Korea. The U.S. military is looking for ways to expand operations in the vast waters of the Arctic as melting ice caps open sea lanes, and other nations such as Russia compete for the lucrative oil and gas deposits. Hagel says climate, energy and security issues revolving around the Arctic will continue to grow in importance. (AP Photo/Jacquelyn Martin, Pool, File)

US eyes increase in Arctic operations

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The U.S. wants to make sure it is not left behind as countries like Russia, China, Canada and Norway map out plans ranging from gas and oil exploration to research and military exercises.
Categories: Arctic
Oil Barrel

Oil down near $95 as focus returns to Iran talks

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Oil fell to near $95 a barrel Friday as investors waited to see if Iran will get sanction relief in exchange for curbing its nuclear program.
Categories: Crude oil
A production facility in the Gulf of Mexico. (Simone Sebastian/Houston Chronicle)

Feds order five companies to halt offshore work

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The federal government has ordered five companies to cease their offshore oil and gas operations, after the firms failed to give regulators a required audit of safety plans newly required since the 2010 Deepwater Horizon disaster.