Local economists declare the end of Houston’s oil bust
The Greater Houston Partnership has declared the end of the oil bust.
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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.
Houston to mark 30th anniversary of Piper Alpha
An event is being held in Houston next month to mark the 30th anniversary of the Piper Alpha disaster.
Houston energy companies hire as oil prices rise
Energy companies in Houston and elsewhere have ramped up hiring as oil prices hover at their highest levels since 2014, according to LinkedIn's monthly workforce report.
As energy companies look ahead, some owe debt to the oil bust
That night in February 2016 was a long one for John Walker, the chief executive of the Houston driller EnerVest. The next day, he and his company would hand out some 200 pink slips as oil prices sank to their lowest level in a dozen years.
Apergy becomes Houston’s newest publicly traded energy company
The Houston area becomes home to another another large, publicly traded energy company on Wednesday when the oilfield services company Apergy Energy begins selling shares on New York Stock Exchange after spinning off from Chicago industrial equipment manufacturer Dover Corp.
Paradigm nets contracts worth £7million in Houston
Aberdeenshire firm Paradigm Flow Services' Houston operation has won contracts worth £7million in the last year and secured a move to new, larger premises in the Texan city.
Family looks up for hope after Harvey
Mark Lammey talks to a former Inverness family who have found that living in Houston for a decade has raised their game – in more ways than one
OPINION: Houston has much to teach us
I remember clearly that when Aberdeen first looked at redeveloping Union Terrace Gardens, Sir Ian Wood – now chairman of the economic development outfit Opportunity North East (ONE) – claimed that it would help turn Aberdeen into “the Houston of the east”.
Celebrating years of putting remote assets into focus
“Houston, please be informed there is a Santa Claus.”
OPINION: Houston is an evolving energy city with a natural resilience
As Houston prepares for its 49th annual Offshore Technology Conference we hear about how the city and its energy sector have evolved to overcome the challenges of the last two decades from Scottish-born Suzanne Munro, now US business development manager for NSL (part of ASCO Group).
Ares, Castle Harlan among private firms pouring cash into Houston’s oil industry
Private equity firms including Ares Management and Castle Harlan poured more cash into Houston energy operations this week, snapping up local companies' oil assets and opening new offices here in a string of deals as rising crude prices stir up new fervor among private groups.
Join Houston Grampian Association for annual OTC breakfast
Join The Houston Grampian Association for their annual OTC kick –off breakfast
Saudi Arabian companies plan massive Houston-area investments
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.
Ex-Occidental boss to form new Houston oil company in $2.7billion deal
Steve Chazen didn’t miss the drudgery of quarterly earnings calls after he retired as chief executive of Houston’s Occidental Petroleum Corp. in 2016. But he found he missed the one-on-one talks with investors, who, unlike most people in the oil business, weren’t afraid to tell executives when they thought their ideas were stupid.
Houston energy company says PDVSA corruption forced company out of business
Harvest Natural Resources, a Houston based oil and gas producer, says it went out of business because it refused to pay $40 million in bribes to former officials and business partners of Venezuela's state-owned and state-controlled energy company, Petroleos de Venezuela S.A.
Maersk Drilling lays off 84 employees on deepwater drilling rig
Maersk Drilling USA is cutting 84 Houston employees on its Maersk Viking rig in the Gulf of Mexico, according to a letter to the Texas Workforce Commission.
Citgo says it will keep its headquarters in Houston
Citgo Petroleum said it will keep its headquarters in Houston, warding off speculation that it was considering moving its executive hub to the Caribbean.
US Keane Group buying new fracking fleets
Houston's Keane Group said it is spending $115 million to order three new fracking fleets to prepare for a busy 2018, especially in West Texas' booming Permian Basin.
Oil States buying GEODynamics for $525m
Houston's Oil States International said it will buy fracking technology company GEODynamics for $525 million to help stay ahead of North American energy trends.
For Houston, a lot is riding on Opec’s next big decision
Houston's economic health hinges on what OPEC does later this month.
Azerbaijan’s Socar to ditch Calgary base
Azeri state oil firm Socar's will close its North American division's Calgary office and move all commercial and support functions to Houston, a news report said.
Texas oil companies hire 30,000 over the past year amid crude price recovery
Texas oil companies have hired more than 30,000 workers over the past year, a sharp turnaround after they laid off a third of the industry's statewide workforce during the oil bust.
Ensco to cut jobs after merger
Ensco confirmed plans to shed close to 80 jobs after its $850million takeover of Atwood Oceanics.
Oil producers say Hurricane Harvey’s impact won’t last long
For the most part, Texas oil executives aren't too worried about the long-term impacts of Hurricane Harvey, a new survey shows.