Houston – Page 5 – Oil & Gas 360

Shipping Resumes in Houston Channel Fouled by Chemical Spill

March 26, 2019

From Bloomberg The U.S. Gulf Coast’s most important industrial waterway partially reopened on Monday after it was polluted with cancer-causing benzene and toxic runoff from the region’s worst chemical disaster in more than a decade. A two-mile (3.2-kilometer) stretch of the Houston Ship Channel’s that’s been closed for three days will be open during daytime hours while the clean-up continues. Pilots have been ordered

Texas Refineries Cut Output as Petrochemical Spill Curbs Shipping

March 25, 2019

From Reuters A petrochemical disaster outside Houston that has disrupted ship traffic for days at a major U.S. oil port led two major refineries on Monday to reduce fuel production, according to people familiar with the matter. A fire and fuel leak at Mitsui & Co Inc’s Intercontinental Terminals Co storage facility in Deer Park, Texas, last week sent gasoline,

Enterprise Weighs Another Permian Long-Haul Crude Pipeline

January 24, 2019

From Argus Media Enterprise Products Partners is weighing another long-haul crude pipeline from the Midland basin to Houston, Texas. “We are right now socializing it and talking to customers,” said Enterprise senior vice president of liquids hydrocarbons marketing Brent Secrest on the sidelines of the Argus Americas Crude Summit conference in Houston. Secrest but did not give any further details about the

Flotek Names New CFO, Makes other Senior Management Changes

December 27, 2018

Oilfield chemistry provider Flotek Industries Inc. (stock ticker: FTK) has announced changes among its executive leadership team. CFO Flotek appointed Elizabeth T. Wilkinson CFO, effective December 28, 2018. She will serve as the senior executive responsible for financial strategy, planning and reporting, as well as investor relations, treasury and corporate development functions. Wilkinson comes recently from RGP, a global consulting firm, where

Fight Brews in Houston’s Port Over Energy Exports

December 19, 2018

From The Wall Street Journal U.S. energy exporters are wrangling with one of the country’s busiest ports in Houston, saying its recent move to accept larger container ships threatens to constrict the shale boom. The issue has pitted a coalition of oil-and-gas companies—including Enterprise Products Partners EPD +3.60% LP and Kinder Morgan Inc. KMI +2.90% —against global ocean-shipping companies that are sending larger container vessels to Houston, affecting traffic

Texas Has Recovered Half of Oil and Gas Jobs Lost to Downturn

December 12, 2018

From Houston Chronicle Oil and gas companies in Texas added 2,400 exploration and production jobs in October, marking 23 consecutive months of job growth, according to the Texas Oil & Gas Association. The association, citing data from the Texas Workforce Commission, reported on Tuesday that Texas has recovered 49 percent of the jobs it lost between peak employment in December

Petrobras Cutting Houston Jobs after Forming Gulf Joint Venture

December 12, 2018

From Houston Chronicle Brazilian state oil company Petrobras will terminate more than 50 Houston jobs next year after selling much of its Gulf of Mexico assets into a new joint venture. Petrobras, which has struggled financially amid a nationwide corruption scandal in Brazil, opted to sell its Gulf assets earlier this year into a JV in which it will only

‘Constant Surge of Oil’ Flows to Texas Coast for Export

November 30, 2018

Infrastructure build and industrial boom spark tensions, concerns with Texas coastline residents From The Texas Tribune PORT ARANSAS — Texas, home to the most prolific oilfield in the country, is at the epicenter of the frenzy. More than 80 plants, terminals and other projects are in the works or planned up and down the state’s Gulf Coast, from Port Arthur to

Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report

June 6, 2018

Oil hiring swells in Texas, U.S. oilpatch Oil prices reached their highest point since December 2014 and companies in the oil and gas industry are hiring accordingly as activity in the industry picks up. LinkedIn’s workforce report for June details a year-over-year rise in hiring of 5.2%. The report details the strong correlation between oil prices and hiring within the industry.

Saudi Arabian Companies Plan Massive Houston-Area Investments

April 9, 2018

Could add to $10 billion in projects pending study From the Houston Chronicle Saudi Arabia’s premier energy companies are planning to invest billions of dollars in their Houston-area petrochemicals operations to take advantage of cheap natural gas feedstocks from West Texas shale fields. Saudi Aramco, the world’s largest oil company, signed two separate agreements with oil-equipment makers TechnipFMC, which has headquarters

Exxon: Baytown, Beaumont Refineries Restart Fuel Production, Gulf Coast Petrochem Plants Resume Normal Operation

September 21, 2017

Offshore and on-shore upstream production operating normally: Exxon In a post-Harvey update, ExxonMobil (ticker: XOM) reported that its Baytown and Beaumont refineries have begun producing fuels at reduced rates, and that crude oil and refined product pipelines in the Gulf and other regions of Texas have restarted as recovery continues from Hurricane Harvey. Offshore production platforms in the Gulf of Mexico

Tellurian Offers 10 Million Shares, but Quickly Pulls Offer

May 18, 2017

On May 17, 2017, U.S. LNG export startup Tellurian Inc. (ticker: TELL) announced it planned to sell 10,000,000 shares of its common stock in an underwritten public offering with Credit Suisse Securities (USA) LLC as the deal’s sole book-running manager for the offering and with Tuohy Brothers Investment Research, Inc. as co-manager. This morning Tellurian pulled the stock offering. Tellurian

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