Linde Group expands into Houston’s energy corridor
German gas and engineering company Linde Group has expanded into Houston's energy corridor.
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Texas is still booming, despite the oil bust
US oil prices tumbled from more than $100 a barrel in the summer of 2014 to less than $50 a year later, but that didn't stop workers from flocking to Texas, the nation's biggest energy-producing state.
Aberdeen-Houston Gateway 2016 hailed a success
The fourth Aberdeen-Houston Gateway has been hailed as a resounding success as delegates from the US visited the UK for the annual event.
Aberdeen-Houston Gateway hailed a “resounding success”
Organisers of an event celebrating the business links between the north-east and Houston hailed it as a “resounding success”.
Karen Bell: Creating exchange links in US oil capital
Texas. It is the biggest state in the US – other than Alaska – and now home to Karen Bell, the British consul general there since June. Actually her domain also sprawls over Oklahoma, Louisiana, Arkansas and New Mexico. Her role, which takes in developing US/UK trade relations, makes her the de facto oil and gas diplomat for the UK.
Houston’s $3 billion of debt cut by Moody’s after oil-price drop
Houston’s $3 billion of general-obligation debt was cut one level by Moody’s Investors Service, which cited weakening economic performance due to lower oil prices, the city’s pensions obligations and restrictions on raising taxes.
Erin Energy appoints new chairman and CEO
Erin Energy has appointed former Shell president John Hofmeister as its new chairman.
OTC 2016: There’s still plenty of good reasons to be in Houston this May
OTC 2016 takes place in Houston from May 2-5 against one of the toughest periods facing the energy sector in a generation.
Bond vigilantes slap oil bosses with junk tag on $258billion debt
They have sold off hundreds of oil fields, eliminated thousands of jobs and slashed millions of dollars from capital spending and dividends.
For Exxon and Shell the age of the ultra-major comes at wrong time
The $64 billion tie-up of Shell with BG Group and the steady growth of Exxon Mobil re creating a new league of two: the ultramajors.
Lessons from CERAWeek: what we heard on conference’s day one
So what do 2,800 or so of the world’s elite energy minds talk about when they gather at Houston’s IHS CERAWeek energy conference? Here’s a taste of what we heard on Monday.
Key Energy Services replaces chief exec
Key Energy Services said it will appoint a new chief executive as the company faces potential de-listing from the New York Stock Exchange.
Technip looks to sublet space in Houston’s Energy Corridor
French oilfield services company Technip is looking to sublet space in Houston’s energy corridor.
Halliburton makes 4,000 job losses, predicts more to come
Halliburton has reduced its headcount by another 4,000 jobs, the company said. The losses happened in the final three months of last year, as the firm looked to manage finances amid the oil price decline.
Southwestern Energy to reduce headcount by more than 40%
Southwestern Energy said it will reduce its headcount by more than 40% in the first quarter as it pauses its US drilling program to cope with the decline in oil price.
Carbo Ceramics suspends dividend on oil price decline
Carbo Ceramics has suspended its dividend payments in an effort to manage the decline in oil field activity.
Lawyer sends BP execs lotto tickets to help pay out oil spill claims
A Houston lawyer has sent the senior management team of oil major BP in a US lottery tickets for an upcoming draw with a record jackpot prize of $1.4billion in the hope of reimbursing Macondo oil spill claimants. In a letter to the company, Coon said he represents “several thousand clients” who have filed claims against BP following the 2010 Macondo Gulf of Mexico oil spill.
Sonardyne’s deep sea tech tested at deep space NASA lab
Subsea engineering company, Sonardyne has successfully demonstrated its wireless integrity monitoring technologies during a series of in-water demonstrations held at NASA’s Neutral Buoyancy Lab in Houston, Texas.
Io Oil and Gas expands Houston office
Oil and gas consultants Io, has made three senior appointment as the firm establishes itself in the Unites States.
Chevron tells employees to leave their guns at home
Oil major Chevron has joined a number of businesses to opt out of the Texas open carry law - which means employees will no longer be able to carry firearms inside office buildings. The move was made apparent to employees in an email sent on the final day of last year. The decision covers handguns, rifles or shotguns.
Swift files for Chapter 11 to become latest US shale victim
The collapse in the oil price claimed its latest shale drilling victim when Swift Energy filed for Chapter 11 bankruptcy in the United States.
Worker at Marathon’s Galveston Refinery injured in acid incident
A worker at Marathon Petroleum Corp's Galveston Bay Refinery in Texas City, Texas, was burned by hydrofluoric acid on Saturday while working on an alkylation unit, which was shut as part of a planned three-month, multi-unit overhaul, a source familiar with plant operations said on Sunday.
A Texan businessman has saved himself $20m – by betting on the oil price
A Houston businessman who dubs himself “Mattress Mack” may have just saved himself $20million – after the oil price failed to peak past $85 by New Year’s Eve. Jim McIngvale, who owns Gallery Furniture in the Texas energy hub, told customers who spent more than $7,000 he would give them all their money back if the oil price rose past his marker by December 31st. The price of West Texas Intermediate has dropped as low as $36 this month with no signs of a sudden surge.
EV Insights: Energy Voice’s top videos of 2015
Take a look back at some of Energy Voice’s most watched videos from the past year.
Incoming Occidental boss given promotion
The incoming chief executive of Occidental Petroleum has been given a promotion ahead of starting her new role. Vicki Hollub will now become the company’s president and chief operating officer and will replace the current boss Stephen Chazen in 2016. Earlier this year it was announced she would take over when Chazen retired as chief executive of the company.