Devon Energy to sell almost $1billion of Texan assets
Devon Energy said it will sell nearly $1billion of assets in Texas.
houston
School pupils head to NASA for finals of ROV competition
A team of Aberdeenshire school pupils are preparing to head to NASA in Houston for the finals of a competition to design and build subsea remote operated vehicle.
Sub $50: Laid off oil worker taking his job search to the streets
Visitors to OTC in Houston earlier this month may well have caught the incongruous sight of a well dressed man touting a placard on a busy street corner that read: Hiring? Take my resume.
Houston takes a hit in US city jobs rankings
Global oil capital Houston has taken a hit in the US city jobs ranking published by Forbes Magazine.
OTC 2016: Downhole Products strengthens global team
Casing accessory and completion tool company Downhole Products has made four geographically strategic appointments.
OTC 2016: What they really thought
Hundreds of representatives of North Sea companies braved the downturn to attend the Offshore Technology Conference 2016 in Houston.
OTC2016: Hot work for Petrohab
A Texas provider of hot work safety enclosures has unveiled a new modular system designed and manufactured in Dundee, Scotland.
OTC 2016: Scots ‘back deck’ firm chooses Houston
Subsea “back deck” solutions company Maritime Developments (MDL) has established a subsidiary in Houston following growing success winning business with companies working both the US domestic and wider international upstream markets. This is seen as a springboard both into US and global offshore opportunities perhaps more easily accessed and bid from the world’s oil & gas capital than Europe.
OTC 2016: 80:20 wins £25million in North Sea work, opens Houston base
80:20 has landed £25million in North Sea contracts.
OTC 2016: Cyberhawk expands in US oil and gas sector
Scottish drone technology specialist Cyberhawk Innovations is using its oil and gas unmanned aerial vehicle (UAV) experience to underpin the launch of its new Houston office.
Maxwell Drummond cancels OTC event after entering adminstration
Maxwell Drummond International (MDI) has cancelled an event at the annual Offshore Technology Conference (OTC) in Houston after it entered administration last month.
Phillips 66 profits drop
Phillips 66 posted a 61% drop in first-quarter earnings after profit margins for refining and chemicals production shrank.
ConocoPhillips posts first quarter loss and cuts spending
ConocoPhillips posted a $1.5billion first-quarter loss, compared with a year-earlier profit, and cut its spending budget for the second time this year as the slump in crude prices sapped its profitability.
Seadrill sells stake in SapuraKencana
Seadrill has sold its remaining stake of approximately 490 million shares in Malaysia's SapuraKencana in a $195 million deal.
At least five dead, thousands lose power, transit shut as rains inundate Houston
At least five people were killed after historic rainfall and floods hit Houston, Texas.
Seadrill to make Houston redundancies
Seadrill said it plans to make more than 100 redundancies from its Houston office.
Shell Oil to sell Houston land
Shell Oil is said to be planning to sell a large area of land close to the Texas Medical Centre in Houston.
Marathon Oil shuts Houston office as flash floods hit city
Staff at Marathon Oil in Houston have been forced to stay at home after flash floods hit the city.
Energy XXI files for bankruptcy protection
US oil and gas explorer Energy XXI has filed for bankruptcy protection after spending $5billion on acquisitions in the years leading up to the crude slump.
Maersk closes Houston office with 60 job losses
Maersk confirmed it will shut its Houston office and shift its Gulf responsibilities to its team in Copenhagen.
BP to cut up to 500 jobs in Houston
Oil major BP is set to reduce its headcount in Houston by up to 500 positions.
Workers rescued from Marathon Oil building
Workers have been rescued from Marathon Oil’s building in Houston. The incident happened yesterday after the employees became trapped in a basket outside the 20th floor of the building. Around 40 firefighters were called to the scene to help free the window washers who are believed to have got stuck following a power outage.
Sub $50: Diplomat says if you’ve got a compelling proposition – it’s a good time to set out your stall
British Consul Karen Bell said there is "massive opportunity" for companies to take advantage of the lower oil price and bid for new business with firms.
Texas oil and gas regulators keeping close ties to industry
The cozy relationship between state oil and gas regulators and the industry they monitor is typified by a revolving door of officials who leave the Texas Railroad Commission to lobby for energy companies, including several who recently departed and made six-figure salaries working the Capitol hallways last year.
Sub $50: Oil price sees slowdown in rentals
The Houston real estate market has seen a decrease in ex-pats looking to enter the rental market in Texas, according to a leading realtor.