Enterprise Products Partners posts steady results, despite slump
The pipeline giant said the amount of fuel transported and processed helped ease some effects of lower commodity prices.
View ArticleChevron says Anchor discovery in Gulf of Mexico shows promise
Appraisals of the Chevron's Anchor discovery deep in the Gulf of Mexico indicate the prospect could hold large stores of oil, but more testing needs to be done, Chevron and its partners announced...
View ArticleTexas lawyer among seven accused of faking thousands of BP oil spill claims
The charges of conspiracy, mail and wire fraud, identity theft and aggravated identity theft involve 41 alleged victims, U.S. Attorney Gregory Davis said.
View ArticleWest African crude imports head to East Coast, not Gulf Coast, amid global glut
As Ralph Macchio celebrates his 54th birthday (make you feel old? me neither, ahem…), the crude complex has tried to kick higher ahead of the weekly inventory report, but is losing the fight against a...
View ArticleTransocean will reduce fleet to meet tough market
The world's largest offshore operator is also cutting back its workforce and consolidating most of its support functions in Houston.
View ArticleMarathon Oil to shed 200 jobs, restructure upstream business
The move shuffles Houston-based Marathon’s Bakken Shale, Eagle Ford Shale and Oklahoma assets into one division.
View ArticleMarathon Oil selling Gulf fields for $205 million
The Houston oil producer said Monday it is holding onto minority stakes in two Gulf projects.
View ArticleAtwood Oceanics extends Gulf of Mexico rig contract, eyes additional work in...
Atwood's new contract for the rig is 60 percent smaller than a previous three-year contract with Noble.
View ArticleCommentary: Offshore well control rule will hurt, not help, offshore energy...
The oil and natural gas industry has spent the last five years following the Deepwater Horizon incident working with government and regulatory officials to improve the safety of operations offshore.
View ArticleShell affiliates are buyers, sellers in $390 million midstream transaction
Shell and other producers have also been using deals that sell some of their pipelines to help raise cash as they struggle with low crude oil prices.
View ArticleShell vessel heads to deep Gulf waters amid region’s uncertainty
The Anglo-Dutch oil major's latest project is slated to produce a peak 50,000 barrels a day in a region estimated to hold up to 2 billion barrels a day in production.
View ArticleWhile US crude imports rise from Iraq, Saudi’s remain subdued
It is Margaret Atwood’s 76th birthday, and her 2009 novel ‘The Year of the Flood‘ seems an appropriate way to sum up the crude market this year. We await the weekly EIA inventory report this morning,...
View ArticleShell finds 100 million oil barrels in deep-water Gulf discovery
Royal Dutch Shell has drilled its longest-ever well and found 100 million barrels of oil equivalent buried at one of its recent deep-water discoveries in the Gulf of Mexico, the company said Wednesday.
View ArticleLyondellBasell moves forward with new chemical plant in Channelview
The move shows the Gulf Coast's petrochemical boom is continuing as companies look to take advantage of cheap natural gas that is used as feedstock for manufacturing chemicals and plastics.
View ArticleManslaughter charges filed in deadly 2012 platform blast
The blast killed three Filipino workers — Avelino Tajonera, Ellroy Corporal and Jerome Malagapo — and injured several others.
View ArticleWatch: Anadarko’s Heidelberg spar makes 400-mile trip to deep Gulf of Mexico
On Monday, the Woodlands-based oil explorer released a video showing the spar’s 23,000-ton hull traveling 400 miles over four days.
View ArticleFederal judge grants trial delay in BP oil spill fraud case
The Sun Herald reports U.S. District Court Judge Louis Guirola Jr. found the evidence so voluminous that attorneys would need more time to prepare their defenses.
View ArticleOPEC meeting and economic data set the tone for crude this week
Thirty-three years after Michael Jackson’s sixth studio album was released, and this week is set to be an absolute thriller. What starts off rather calmly today with the closing out of November,...
View ArticleQuiet Gulf hurricane season leaves oil drowned in oversupply
Barely an oil worker was evacuated from the Gulf of Mexico and the biggest storm this year — the strongest hurricane ever in the Western Hemisphere, actually — tore through the Pacific.
View ArticleAnadarko ordered to pay $159.5M in Deepwater Horizon fines
A federal judge on Monday said Anadarko Petroleum Corp. must pay $159.5 million in environmental penalties for its part in "the polluting enterprise” that caused a massive 87-day oil spill in the Gulf...
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