houston

OTC

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.

Americas

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.

Americas

Oil firm’s ex-CEO banned by SEC over undisclosed personal loans

The former head of a Houston-based oil producer agreed to be fined and banned from holding executive positions to settle a regulator’s claims that he financed a lavish lifestyle with unreported loans from company vendors and a hedge fund manager who was seeking a board seat.