Texas leads nation in oil field job growth
The resurgence in domestic drilling made possible by new techniques like hydraulic fracturing and horizontal drilling has created thousands of new jobs since the recession, and nowhere is that more evident than the Lone Star State. More »
Marathon remains committed to shale drilling despite falling oil price
Despite falling oil prices, Marathon Oil said it remains committed to key U.S. shale plays. More »
Marathon’s profit falls 24 percent on crude price slump
Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production. More »
Moody’s: Refineries face flat demand, new competition
Shale oil will continue to give U.S. refineries a cost advantage over their European peers, but a few big refinery expansions in Saudi Arabia could steal market share. More »
Chevron’s profits climb 13 percent thanks to refining boost
The second-largest U.S. oil company also benefited from selling off some some of its assets as part of three-year divestment program. More »
Marathon Petroleum warns against lifting crude export ban as profits triple
Marathon Petroleum Corp. saw its profits triple on the widening price spread between crude and refined products and a record quarter for its convenience store segment. More »
Freeport LNG announces financing for part of project
Freeport LNG has secured financing for the first of three liquefaction trains proposed for an export terminal in Quintana, Texas, the company announced Wednesday. More »
Phillips 66 profits double on crude price plummet
Plummeting crude prices worldwide doubled Phillips 66′s profits in the third quarter, providing the company with a cheaper feedstock to run its refineries. More »
Cheniere’s Sabine Pass terminal nearing finish line
As companies scramble to announce new plants and expansion projects to capitalize on abundant supplies of cheap, natural gas, Cheniere Energy is nearly finished with the first phase of its liquefaction export terminal. More »
Westlake Chemical plans $330 million ethylene expansion
Construction will generate about 1,000 jobs at its peak, the company said. More »
Huntsman posts higher earnings despite Texas plant outage
The company attributed the increase to growing demand for key products, including textile dyes and chemicals and a specific kind of polyurethanes. More »
LyondellBasell profits climb 48 percent
The international chemical giant continued to capitalize on cheap raw materials cost while taking advantage of a tight U.S. market for ethylene. More »
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