British oil major BP continues to shift toward natural gas, on Friday announcing three different deals to boost gas production. The first, off the coast of Trinidad & Tobago, unlocked about 2 trillion cubic feet of gas in place. The second sanctions development of four wells and production of ab ...
Dallas pipeline giant Energy Transfer Partners announced on Thursday that, after crippling winter storms, heated protests and months of delay, it is shipping crude oil on the Dakota Access Pipeline. The 1,200-mile pipeline connects the Bakken oilfields in North Dakota to Patoka, Ill., and then to re ...
Despite the crash in oil prices and the loss of thousands of jobs, Houston remains the world’s energy capital, BP’s number two executive said on Wednesday. Lamar McKay, speaking at the Greater Houston Partnership’s fourth annual State of Energy address, said the city is BP’s largest office, an “exce ...
Houston-based Occidental Petroleum Corp. has tapped EOG Resources senior vice president Cedric W. Burgher as its new chief financial officer. Burgher led investor relations and reported directly to the chief executive at EOG. He replaces Chris Stavros, who is retiring. “Cedric has tremendous financi ...
Houston gasoline prices fell again last week, but by just 1 cent, to $2.17 per gallon on average, according to the website GasBuddy.com. The national average fell a little more than a half-cent over the same week, to $2.36 per gallon. Houston prices were 8 cents per gallon lower than a month ago, bu ...
Houston oil and gas company Apache Corp. has hired the nation’s preeminent cave research institute to study the aquifers around Balmorhea State Park, home to the famous San Solomon Springs. In September, Apache announced it found 15 billion barrels of oil and gas in southern Reeves County. The compa ...
Houston pipeline company Targa Resources Corp. plans to build a $1.3 billion natural gas liquids pipeline from West Texas’ Permian Basin to its plant in Mont Belvieu, east of Houston, the company said on Thursday. Targa will sell space in the new line, which it has named Grand Prix, to other co ...
In the fight to land and keep top-notch employees, BP has a new weapon: A litany of specialized benefits. The British oil giant has long had a spate of high-class benefits, including a health center, child care service and two fitness centers on its Energy Corridor campus. But now it’s added some ne ...
This week’s storms have delayed the arrival of the first Very Large Crude Carrier to attempt to dock and load in a Gulf Coast port. The storms, which battered counties southwest of Houston on Monday and again Tuesday night with torrents of rain and high winds, also slowed the carrier, Anne, as it ma ...
U.S. gasoline consumption will fall over the next three decades, despite record travel, as fuel efficiency improves in American cars. Americans are driving more vehicles, the U.S. Energy Department said in a recent report, but improvements in fuel economy will more than offset the increase in miles. ...
