Houston’s position as the energy capital of the world is based on fossil fuels, but the nation’s fourth-largest city must embrace new technologies and cleaner energy if it wants to lead the way for decades to come, energy executives said Thursday at the first Houston Low-Carbon Energy Summit.
The Refuge Bar & Bistro, just a short walk from Anadarko Petroleum's headquarters, is becoming a place for Anadarko workers to drown their sorrows as they update resumés and contemplate the future of The Woodlands without its flagship employer, which recently agreed to be acquired by Occidental Petroleum.
Australian energy service firm Worley has launched a 50:50 joint venture with a Brazilian engineering and construction company to carry out brownfield work in the Latin American country.
Apache Corp.'s Altus Midstream Co. said it opened its new Permian Basin processing plant to treat its production of natural gas and natural gas liquids.
Big Oil probably won’t be buying up the Permian Basin’s struggling independent drillers any time soon.
Activist investor Carl Icahn launched a lawsuit against Occidental Petroleum with the goal of potentially seeking board seats and a sale of the company.
Canadian Natural Resources Ltd. agreed to buy the Canadian business of Devon Energy Corp. for C$3.8 billion ($2.8 billion), gaining heavy-oil assets in the province of Alberta.
An American football team has lost a legal fight against BP for damages following the 2010 Deepwater Horizon oil spill.
A north-east firm has secured two of its biggest ever contracts as it continues to flourish following the oil and gas downturn.
Houston pipeline operator Kinder Morgan plans to boost capacity along a pipeline between El Paso and Tucson that will allow customers to increase exports of gasoline and diesel to Mexico.
A Royal Dutch Shell Plc-operated carbon capture and storage project in Canada has hit a milestone of sequestering 4 million tons of carbon dioxide about six months ahead of schedule and at a lower cost than estimated, helped by better-than-expected reliability.
Irving-based Pioneer Natural Resources, one of the oil producers in the Permian Basin of West Texas and New Mexico, said this week it plans to lay off about 25 percent of its workforce to reduce costs and increase shareholder value.
Top officials from 75 U.S. companies descended on the U.S. Capitol Thursday to try and convince lawmakers to support the creation of a carbon price to reduce greenhouse gas emissions.
Guyana’s anti-corruption agency is investigating how exploration rights were awarded in the world’s biggest new deepwater oil region, including those now controlled by Exxon Mobil Corp. and Tullow Oil Plc.
Despite a slow start to the year, US crude output is still expected to surge for the rest of 2019 and hit at least 13 million barrels daily by the end of 2019, a new report projects.
The U.S. Geological Survey has confirmed that four low-magnitude earthquakes have taken place over the past two weeks in the Eagle Ford Shale of South Texas.
Struggling oilfield service company Weatherford International is now trading as a penny stock after being delisted from the New York Stock Exchange.
McDermott International will construct and install subsea risers and flowlines on Petrobras' Sepia field off Brazil.
Acteon Group subsidiary 2H Offshore has announced the appointment of two new global directors.
Occidental Petroleum's chief executive has pledged to win over skeptical or angry investors who believe Oxy paid too big of a price in its bidding war victory to acquire Anadarko Petroleum over the much larger Chevron.
Houston pipeline firm Buckeye Partners will sell for $6.5 billion to an Australian investment firm focused on pipelines, terminals, roads and other infrastructure.
The US Gulf of Mexico is making a comeback this year.
BP has approved another expansion to one of the largest oil fields in the US Gulf of Mexico.
Deep-water Gulf of Mexico has always been about making the impossible possible, according to Rick Tallant, Shell’s vice-president of production for the region.
Exxon Mobil will pour $2 billion into expanding its Baytown chemical complex, creating 2,000 construction jobs and further cementing the region's role as a petrochemical hub.
