texas

Americas

Trump claims he ‘created’ the Texas oil industry

President Donald Trump on Monday downplayed “phony polls” showing a tight presidential race in Texas, saying he’s way ahead because he “saved the oil industry,” and later adding, “I created it.”

Americas

Transocean to lay off 110 offshore rig workers

Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.

Americas

Texas moves ahead on discharging oil wastewater, even as EPA balks

Environmental officials in Texas and other western states are moving ahead on plans to allow oil and gas companies to treat drilling wastewater and discharge it into rivers and streams, even as the Trump administration balks at endorsing the practice amid widespread questions about public health effects.

Americas

Report: US hydraulic fracturing demand expected to bounce back

Demand for hydraulic fracturing services in shale plays across the United States is expected to reach rock bottom in May and stay low in the summer before a recovery begins in the fall, the Norwegian global energy research firm Rystad Energy reported.

Americas

Earnings down 22% in 2019 for Texas-based Valero Energy

Valero Energy Corp. said Thursday it finished 2019 with earnings of $2.4 billion, down more than 22 percent from the prior year, which the company attributed to higher prices it paid for sour crude and high gasoline inventories.

Americas

Oil and gas industry works to increase awareness of human trafficking

Ataria Malveaux was 18, just out of high school, when she fled a chaotic family life in Houston for the promise of making quick money in Dallas. She soon discovered her would-be employer was a pimp; only the help of another woman allowed her to escape forced prostitution.