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Project Delays, Economics Push U.S. to Shift Offshore Funding
Becalmed Oregon’s 10-MW WindFloat project was pulled from the DOE grant program due to a lack of buyers for its power supply. Photo: WindFloat Pacific Construction delays and energy economics appear...
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Analyst predicts $80/bbl oil by next year
HOUSTON – A recent update from Raymond James & Associates’ US Research group advised that it was raising its 2017 and 2018 oil price forecasts by $5/bbl, predicting per-barrel costs of $75 for US...
View ArticleTroubles for New Panama Canal
Troubles for New Panama Canal As ships got larger, The Panama Canal needed to expand to avoid becoming obsolete…but many are concerned that it might not work as planned. See More Here… The post...
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Chevron, Exxon, others move forward on $37B Kazakhstan project
A joint venture between California-based Chevron Corp. (NYSE: CVX), which has a major presence in downtown Houston, and other companies will move forward with a $36.8 billion project to boost crude...
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Client / Attorney Relationship When Project Investigations Have to be Conducted
Preserving the confidentiality of post-incident investigations Richard A. Schwartz Vorys, Sater, Seymour and Pease LLP Imagine this scenario: Control of the well has been lost. The BOPs have not...
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LNG Canada Investment Partners
LNG Canada partners delay final investment Partners in the LNG Canada project are delaying a final investment decision in light of ‘global industry challenges’, they announced this week… LNG Canada...
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Operators keep their eyes on Offshore Mexico
Despite the market downturn, international oil companies are keeping their eyes on the possible opportunities represented by Mexico ’s evolving offshore marketplace. In early June, it was reported that...
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North Dakota Sues Over New Methane Rule
North Dakota’s attorney general has sued the Environmental Protection Agency (EPA) over new methane emission rules at oil and gas facilities. In a filing in the District of Columbia Circuit Court of...
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Court rejects greens’ challenge to Natural Gas Export Facility
A federal appeals court Friday rejected environmentalists’ challenge to a liquefied natural gas (LNG) export facility under construction in Maryland. The decision from the Court of Appeals for the...
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Louisiana-Texas: Battling for Major Petrochemical Complex
Ascension and St. James parishes are in the running for a “world-scale” petrochemical complex thatExxonMobil Chemical Co. and the Saudi Basic Industries Corp. are considering building in either...
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Exxon Mobil to invest in Beaumont Expansion
Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM) will expand capacity again at its refinery in Beaumont, Texas, less than a year after a previous expansion was announced. According to the Beaumont...
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LyondellBasell to build another Gulf Coast plant
LyondellBasell (NYSE: LYB) plans to expand its Gulf Coast footprint with another chemical plant. The company announced its decision to build the plant on July 29, but an exact location has not been...
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EnergySense Weekly Oil And Gas Follies
EnergySense Weekly Oil and Gas Follies – Volume 4, July 26, 2013 In which we briefly chronicle the week’s silliness, foibles, fake news and real news related to the oil and natural gas industry....
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Europe: Weaning itself off Russian energy
Washington, DC – The G7 recently met in Rome to discuss the challenges of energy security following Russia’s invasion of the Crimean peninsula, and reaffirmed its commitment to pursuing collective...
View Article5 Things to Know in Texas Energy this Week
The CEO of Cheniere Energy was ousted, two chemical giants became one and Kinder Morgan is weathering investor upset after a less-than-popular decision to cut dividends. Here are five things to know in...
View ArticleTexas Economist Sees Oil Industry Leveling Out
San Antonio Express-News Oct. 10 –A little more than two years since the start of the worst oil downturn in recent memory, the Texas petroleum industry may finally be looking at the bottom as prices,...
View ArticleSchlumberger partners with Canadian E&P co. to buy oil and gas assets for $1B
Schlumberger Ltd. Chairman and CEO Paal Kibsgaard. By Olivia Pulsinelli – Senior web editor, Houston Business Journal Schlumberger Ltd. (NYSE: SLB), which has one of its principal offices in...
View ArticleOPEC secretary general speaks of market patience
By Daniel J. Graeber | Feb. 14, 2018 at 9:27 AM – UPI News It’s a long-term game, the secretary general said in his opening remarks at a conference in Riyadh. Feb. 14 (UPI) — While pointing to...
View ArticleHouston Company to Build Ethylene Storage, Pipeline Projects
Houston-based Enterprise Products Partners LP (NYSE: EPD) has announced two projects centered around the Houston-area’s midstream ethylene infrastructure. The first is a modification to one of its...
View ArticleThe big new concept in Obama’s Keystone XL decision
Though President Obama’s rejection of the Keystone XL pipeline garnered headlines, it was the rationale behind the rejection that may prove historic. Rather than emphasizing particular concerns along...
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