Oil prices were up about 1% to the highest in more than three months on Thursday, boosted by hopes that the China-U.S. trade fight would soon come to an end and by a report showing lower U.S. crude inventories. — Read on http://www.reuters.com/article/us-global-oil/oil-up-1-at-highest-since-september-on-trade-pact-and-crude-supplies-idUSKBN1YU02M Advertisements
U.S. shale energy companies are cutting their spending levels in 2019, but they’re still planning on increased oil and gas output as the nation continues to hit new production records. Shale energy companies plan to cut their capital spending by 5 percent on average after crude prices plunged late last year, even though Big Oil […]Read more "U.S. energy companies produce more oil even as they cut spending"
Midland led the nation in job growth, with employment in the West Texas county surging by nearly 12 percent — more than seven times the national average, the Labor Department reported Wednesday. — Read on http://www.houstonchronicle.com/business/energy/article/Midland-crushes-nation-in-creating-new-jobs-13632304.phpRead more "Midland crushes nation in creating new jobs – HoustonChronicle.com"
Weatherford International’s stock is trading below $1 a share. Schlumberger expects growth in its shale business to flatten or decline. General Electric reduced its ownership stake of Baker Hughes. Halliburton’s stock market value has fallen below what it was at one of the worst points of the last oil bust. Energy services companies are facing […]Read more "Oilfield services companies face another tough slog – HoustonChronicle.com"
Alaska has been in a recession for the better part of three years, and the state’s unemployment rate is the highest in the nation right now at 6.3 percent. Many sectors of the economy have been shedding jobs, but there are some signs that the losses are slowing. The state’s Department of Labor and Workforce Development released […]Read more "December jobs report shows modest growth in Alaska’s oil and gas industry"
EIA projects that U.S. liquefied natural gas (LNG) export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world behind Australia and Qatar. Currently, U.S. LNG export capacity stands at 3.6 Bcf/d, and it is expected to end the year at 4.9 […]Read more "U.S. liquefied natural gas export capacity to more than double by the end of 2019 – Today in Energy – U.S. Energy Information Administration (EIA)"
HELENA, Mont. (AP) — The company that wants to build the Keystone XL pipeline is asking a judge to change his order blocking the project to allow pre-construction work to continue, such as purchasing materials and finalizing contracts. Attorneys for the company will argue in a Wednesday telephone conference that U.S. District Judge Brian Morris […]Read more "Keystone XL pipeline builder asks judge to allow some work"
The Houston economy has largely recovered from the two-year oil downturn that began in 2014 and economic indicators suggest solid growth ahead for the region, according to analysis by a University of Houston economist. The local economy, after struggling in recent years, is again adding jobs at a strong pace, supported by oil prices above […]Read more "Forecaster: Houston economy has recovered from downturn – HoustonChronicle.com"
Anadarko Petroleum said Thursday it will sell its remaining pipeline assets for $4 billion to its decade-old pipeline spinoff Western Gas Partners. The Woodlands-based oil and gas producer said it is moving all of its remaining pipeline systems – primarily in West Texas’ Permian Basin and in Colorado – to Western Gas. The deal is […]Read more "Anadarko sells pipelines for $4B to merged Western Gas spinoff – Houston Chronicle"
A design engineer at Chevron’s sprawling El Segundo refinery in California used to travel from her office to the plant as many as five times a day to assess operations. Each time, she would bike to where she was needed, suit up with safety gear, assess the problem and bike back to the office, spending […]Read more "Not being there: How augmented reality is changing the oil industry – HoustonChronicle.com"