Petrochemical construction boom fueling demand for Houston workers
More than 120 petrochemical plants worth $80 billion are slated for construction, or scheduled to open, within the coming years, stoking concerns about a shortage of skilled employees to build and operate the plants once they come online. More »
Cheaper gasoline may translate to a boost in holiday spending
For every 1 cent drop in gas prices, Americans save about $3.7 million. More »
Dow Chemical to sell off even more assets
Dow Chemical executives on Wednesday announced plans to sell off even more assets in the next two years, continuing a push to streamline operations and pull back from products that no longer fit within the company’s business strategy. More »
Halcón to pull back from Tuscaloosa Marine Shale
The decision underscores the wide disparity between the economics of established shale plays and younger ones. More »
Halcón to slash spending, cut rigs as oil prices fall
Although Halcón posted a $186.9 million profit and saw production surge 16 percent in the third quarter, the Houston-based independent oil and gas company said falling oil prices necessitate a more conservative approach in 2015. More »
ConocoPhillips announces second oil discovery in Senegal
Cairn Energy said initial analysis shows the well has “excellent reservoir sands” with as much as 118 feet of net oil pay. More »
Now energy-rich, Israel seeks oil and gas partners
Amit Lang, director general of Israel’s Ministry of Economy, was in Houston recently seeking investment in the country’s nascent energy industry, and says it can offer high-tech water treatment and cyber-security technology in return. More »
Iraqi ambassador says negotiations continue with Kurdistan over oil
Iraq’s ambassador to the United States said Friday that he “sees positive signs” in the recently launched negotiations between Iraq and Kurdistan regarding oil revenue-sharing agreements, among other points of dispute. More »
Chevron Phillips Chemical eyes another expansion in Baytown
The company is already building a $6 billion expansion at the same Cedar Bayou plant. More »
Apache optimistic about U.S. shale as profits slip
Apache Corp. reiterated plans to double down on its positions in prolific U.S. shale plays even as crude prices continued to fall and the company’s profits slipped from last year. More »
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 »
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