Impairments cut Halliburton’s pre-tax earnings in half
Pre-tax earnings at Halliburton were nearly halved in the first nine months of 2019 amid asset impairments and write-downs of its Venezuelan investments.
houston
Houston firm Classic Energy fined $1.5m for illegal trades
A Houston energy investment firm has been fined $1.5 million by the U.S. Commodity Futures Trading Commission for trading against its own customers.
Greenpeace protesters partially shut crucial US oil route
The Houston Ship Channel was partially shut Thursday after Greenpeace activists suspended themselves from a bridge spanning the key oil route in protest against the fossil fuel industry.
Houston rig giant keeps Astros owner on board, defying investors
Jim Crane, the former All-American pitcher who owns the Houston Astros, was voted off of Nabors Industries Ltd.’s board by shareholders. The world’s biggest owner of land-drilling rigs says it wants him to stay.
Halliburton cuts 8% of North American workforce amid fracking slump
Houston oilfield service company Halliburton said it cut 8 percent of its North American workforce as it took fleets of hydraulic fracturing equipment from the field in response to a continued slump in demand for fracking services in the United States and Canada.
US oil executive gets 18 years in prison for defrauding investors
A Houston oil executive was sentenced to state prison for defrauding investors who thought they were paying for the drilling and testing of wells -- but instead paid the executive's mortgage.
Baker Hughes GE enters into deal to boost oil field artificial intelligence
Oilfield service company Baker Hughes GE (BHGE) has entered into a deal to boost artificial intelligence in the oil and natural gas industry.
Saudi Aramco’s venture arm pumps cash into startups seeking to reshape the energy industry
Jim Sledzik is a firm believer that the energy industry is in the middle of a fourth industrial revolution. Only this industrial revolution isn’t about big engines or big machines - it’s about big data and big machine learning accelerating the pace of automation and efficiency from the oilfield to the oil refinery.
KMCO lays off 35 after deadly explosion at plant outside Houston
KMCO is terminating 35 employees at its specialty chemicals plant in Crosby more than a month after a deadly explosion killed one and injured several others.
Delegates leave OTC with a smile
For dozens of north-east delegates attending this year’s Offshore Technology Conference (OTC) in Houston, the trip was the place to tout for international business and make invaluable contacts.
ASCO: Critical components of internationalisation
It’s OTC week and as such, many of you reading this will have international business development on your minds.
US energy powers ahead
As the global industry assembles in Houston for the Offshore Technology Conference, it will be in the midst of a quiet American revolution.
Gulf of Mexico looking good for comeback
The US Gulf of Mexico is making a comeback this year.
Ashtead invests £1.5m on new Houston base
Aberdeenshire-headquartered subsea service firm Ashtead Technology has invested £1.5 million in a new base in Houston as part of its international expansion drive.
AAB reaping rewards of strong Houston links
Houston operations are making an ever greater contribution to the fortunes of an Aberdeen-headquartered accountancy firm.
Aberdeenshire man unveils his latest Texas venture
A Texas businessman who hails from the north-east of Scotland has celebrated the expansion of his business incubator venture in Houston.
A culture of technology critical to North Sea and Gulf of Mexico
It is a widely held view that the implementation of innovative new technologies will be critical to the future sustainability of mature offshore basins such as the North Sea and the US Gulf of Mexico as they compete for investment alongside other more cost competitive regions and energy sources.
Petrasco: changing to meet needs
It is said that change is the only constant and, while the pace of new developments and behaviours in the oil and gas industry is sometimes bemoaned, the sector continues to take important steps towards the upturn.
Houston the place to be as confidence returns
It was nicknamed Space City and has developed a reputation the globe round for being the home of Nasa.
Craig International wins £20m North Sea contract with BP
Oilfield services firm Craig International has won a North Sea contract worth around £20million with BP.
Texas entrepreneur bids to come full circle in Granite City
An entrepreneur who left Aberdeen for Texas almost 25 years ago has a burning ambition to put down roots for his company in the Granite City.
OTC conference a microcosm of most majors’ drives
The agenda for this year’s Offshore Technology Conference (OTC) in Houston can be compared to the strategies of most oil and gas majors.
US Gulf set for ‘big year’ of M&A deals
Energy Voice secures all-star panel for OTC event
With just five weeks to go until the Offshore Technology Conference (OTC) kicks off, plans are well under way to make Energy Voice’s next breakfast briefing in Houston its best ever.
Houston Ship Channel closure could cost $1bn
The closure of a portion of the Houston Ship Channel in the aftermath of the days-long Deer Park chemical fire could cost the petroleum and petrochemical sectors an estimated $1 billion in direct and indirect costs and lost revenues, experts said.