Lummus sale looming
March 25, 2020
Details of the plan for oil services giant McDermott International‘s exit from bankruptcy protection are being finalized after being green-lighted by a Houston judge earlier this month, but that judge has denied the company’s request to sanction a “disgruntled” shareholder……
March 25, 2020
Southwest Texas oil player Emerald Bay Energy has a new name — Nexera Energy Inc.….
March 25, 2020
While an increasing number of people say the US (and the world) is on the brink of a recession, a Brookings Institution study aimed at identifying the local US economies most vulnerable to immediate, short-term economic distress from the COVID-19 virus identified three Texas cities, and they don’t include Houston, Dallas or Austin…..
March 25, 2020
A Port of Houston-related employee is in quarantine at a hospital, but the Port Authority says, after an investigation, that the exposure of the employee to others was fairly limited and those who were exposed are in self-quarantine….
March 25, 2020
Ninety-five parcels of land equaling more than 45,400 acres are being offered by the US Bureau of Land Management (BLM) at the next quarterly oil and gas lease sale…..
March 25, 2020
The CEO of Eagle Ford player Murphy Oil Corp. is on medical leave, pending test results for the Coronavirus….
March 25, 2020
Secretary of State Mike Pompeo called Saudi Arabia’s Mohammed Bin Salman on Wednesday, urging him to back off the oil price war with Russia….
March 24, 2020
Dropping oil prices have ruined a plan for Houston’s EP Energy to emerge from bankruptcy…..
March 24, 2020
An electricity outage at the Corpus Christi Valero Energy East and West plant complex caused some weekend excess emissions….
March 24, 2020
Canada’s Tiger International Resources, through a subsidiary, has a new agreement for purchase of interest in 64 Barnett Shale wells…..
March 24, 2020
Katy-based US Silica Holdings is cutting costs and idling one of its plants…..
March 24, 2020
Work may be getting underway soon with cooperation of Texas A&M University to investigate a method to store alternative energy power by using abandoned mining sites in the Upper Peninsula of Michigan….
March 24, 2020
World War II veteran and Port Neches resident Kenneth McClain Suiter passed away at his home on Sunday at the age of 94…..
Cheniere, Santos, ExxonMobil and others are likely putting off expected final investment decisions
March 24, 2020
Moving ahead with LNG projects may be a problem in the near-term, analysts are saying……
March 24, 2020
The Texas unemployment rate is probably already at 9% and headed for double digits, according to the state comptroller…..
March 24, 2020
Schlumberger is cutting capital spending by 30% this year as market volatility increases…..
March 24, 2020
Sempra Energy is backing off from commitment to a Texas LNG project right away…..
March 24, 2020
Chevron is reducing its budget by over $8 billion and is selling off some assets…..
March 24, 2020
Occidental Petroleum is bringing back its former CEO as a way to ease a standoff with activist investor Carl Icahn…..
Houston-area goes into stay-at-home mode Tuesday night…Harris, Galveston and Ft. Bend counties included…through April 3rd… Dallas-area order already in effect…Travis and Williamson counties order in effect at midnight as well, through April 13th
March 23, 2020
Counties across Texas are issuing “shelter-in-place” and “stay at home” orders, but energy workers are generally exempted……