Posted on · Due to the invasion of Ukraine, BP said it will abandon its share in Russian oil company Rosneft, while Shell announced it's ending projects with Gazprom, the majority state-owned natural gas company. Experts say that's putting pressure on Houston-based Exxon Mobil to make a similar decision.
Posted on · Natural gas was in short supply during the blackouts and could be sold at a premium. With no market controls, gas increased hundreds of times its normal value.
Posted on · Overall in 2020, ExxonMobil recorded more than $21 billions in losses. ConocoPhillips reported $2.7 billion in losses for the year, and BP (which has its US headquarters in Houston) recorded a full-year loss of $5.7 billion.
Posted on · Houston-based ConocoPhillips along with the world’s other seven major oil companies might also cease oil and gas operations in more than 200 countries, according to a Rystad Energy report.
Posted on · As the oil market crash impacts the Houston and Texas economies, we'll continue to follow the story and provide updates at Houston Public Media.
Posted on · On today's Houston Matters: Lord John Browne, the former CEO of BP, discusses his book Make, Think, Imagine. We visit an all-day hackathon to develop solutions to environmental problems. And we learn about MECA's annual Dia de los Muertos Festival.
Posted on · A report by an ocean advocacy group finds oil spills continue to happen.
Posted on · Texas will get $19 million, including $6 million to protect 575 acres of coastal habitat.
Posted on · The company has bought BHP Billiton's shale oil and gas assets in the U.S., which will give it access to the fast-growing shale industry
Posted on · An upcoming report says drillers plan to sell off "non-core" assets in search of stronger cash flow.
Posted on · The company says it will only allow .2 percent of methane released in its gas operations to escape into the atmosphere
Posted on · The world’s “energy capital” will probably be just fine.
Posted on · A lot can happen in a week. Some of it good. Some of it bad. Some of it downright ugly. When faced with intriguing developments in the week's news, we turn to our rotating panel of "non-experts" to parse The Good, The Bad and The Ugly of it all. This week, our panel weighs in […]
Posted on · BP America’s onshore production has shifted its focus away from Texas.
Posted on · It's been six years since the Deepwater Horizon disaster. Eleven crewmen were killed on the offshore oil rig, about 50 miles off the coast of Louisiana. That deadly incident was just the start of what became an all-out environmental catastrophe, as millions of barrels of crude oil spilled onto beaches and wetlands from here in […]