Posted on · The American oil and gas giant is "beginning the process to discontinue operations" at the Sakhalin-1 project off Russia's eastern coast. The company also says it won't make new investments in Russia.
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 · The oil and gas giant said its part of a larger move to restructure its organization and save billions.
Posted on · Both men suffered head injuries, major orthopedic injury to their spines, and were burned all over their bodies, according to the lawsuit.
Posted on · As Houstonians faced freezing temperatures and widespread power outages last week, the frigid weather also limited oil and gas production in the state. As output starts to stabilize this week, West Texas Crude is trading around $63 dollars a barrel.
Posted on · State documents show facilities released some 700,000 pounds of excess air pollutants last week, as they faced electrical outages and equipment failures due to the severe winter weather.
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 · Trade groups representing the oil and gas industry say revoking a key permit needed for cross-border construction of the pipeline will cost jobs. Plus: ExxonMobil is accused of over-valuing a key asset in the Permian Basin.
Posted on · Like many oil and gas companies, ExxonMobil had a rough 2020. But what does that mean for Houston?
Posted on · After nearly a year of devastatingly low oil prices, West Texas Crude is once again back to $50 per barrel. Also this week, Exxon reveals emissions details for customer use of its products, plus the state legislature could take up flaring in the upcoming session.
Posted on · Granholm will help oversee the Coronavirus recovery as well as the shift to a clean energy economy. Also this week, Exxon cuts 700 Houston workers and Parsley Energy sheds 230 from its Austin workforce.
Posted on · Hurricane Delta could bring major problems to Gulf Coast-area oil producers. Plus: ExxonMobil is reportedly set to increase emissions.
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 · Is the settlement between the oil giant and the EPA a victory for the environment -- or just business as usual? Energy writer Loren Steffy joins us to discuss the case.
Posted on · On Tuesday's Houston Matters, we preview the items you'll see on your ballot today. We discuss the recent ExxonMobil settlement over air pollution allegations. And we learn about an opera being staged in an airplane hangar at Hobby Airport.