Houston in running to host global oil and gas ‘Olympics’ in 2017
A top oil and gas industry trade group is pushing to bring the triennial World Petroleum Congress to Houston in 2017, 30 years after the city hosted the last such gathering held in the United States....
View ArticleEagle Ford shone in Q2 megadeals, firm reports
The Eagle Ford Shale in South Texas led shale play deal-making in the second quarter, with mergers and acquisitions totaling $1.5 billion, PwC reported Tuesday. In its quarterly survey of energy...
View ArticleTexas power use hits high for this summer, third-highest ever
Texas’ electric generating capacity stood up under fire Thursday afternoon as power demand reached its highest so far this summer and the third-highest ever, the state’s main grid operator reported....
View ArticleSinopec buys share of Apache Corp.’s Egypt business for $3.1 billion
Houston-based Apache Corp. is selling a third of its oil and gas business in Egypt to China’s Sinopec for $3.1 billion cash, in what the companies described Thursday as part of a global exploration and...
View ArticleThe artsy side of energy (photos)
A snowy landscape evokes memories of Christmas cards past, as a welcoming drilling rig glitters in the background. Fire-colored leaves in autumn trees frame a fracking site. And the multicolored...
View ArticleCold weather prompts call for power conservation in Texas
HOUSTON — With Texans facing one of the coldest nights of the winter, the state grid operator is asking electric consumers to reduce power use overnight, anticipating that furnaces will boost demand...
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Rallying Permian beats anew as heart of Texas oil
A report out Wednesday underscores the remarkable comeback of West Texas’ venerable Permian Basin, which boomed in an earlier era, faded and now leads the nation in oil production. The big turnaround...
View ArticleCEO says oil industry cedes its message to opponents
Chris Faulkner has become a go-to expert on the oil business mostly by being available. He runs a relatively small Dallas-based production company called Breitling Energy that recently went public in...
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Companies announce first oil from deep-water Gulf fields
Oil and gas production has begun at the Jack/St. Malo project in the deep-water Gulf of Mexico, companies involved in the project announced. Chevron Corp. and Statoil said the fields are located about...
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