Posted on · The effect of low oil prices continues to ripple through the Houston community. Just this week, the Houston Business Journal reported that Houston-based Deepwater Drilling Inc, announced 135 job cuts due to a plant closure in the Gulf of Mexico. The one thing the company didn't mention was which positions were being cut. Announcements from […]
Posted on · The annual Society of Petroleum Engineers Technical Conference and Exhibition is underway at the George R. Brown convention center. The event will focus on how the oil and gas sector should plan for success over the next 25 years. Bloomberg News Oil Reporter Joe Carroll is covering the event. We talk with him about the […]
Posted on · The Arctic Ocean might seem a long long way from Houston. And, well, it is. So why should we be concerned with something happening way up there (other than, of course, climate change)? Well, drilling for oil in the Arctic could have direct and indirect effects on the city’s many oil and gas companies — […]
Posted on · The Arctic Ocean might seem a long long way from Houston. And, well, it is. So why should we be concerned with something happening way up there (other than, of course, climate change)? Well, drilling for oil in the Arctic could have direct and indirect effects on the city’s many oil and gas companies — […]
Posted on · Reuters last month reported OPEC, the Organization of the Petroleum Exporting Countries, was concerned about dropping oil prices and wanted to open dialogue with member countries about cutting supply. Of course, no one wants to be the country that stops pumping first, especially in cash-strapped nations like Russia and Venezuela. Meanwhile, Saudi Arabia — a […]
Posted on · Shell Oil and Conoco moved to Houston’s Energy Corridor back in the early 1970s, and in the decades since, a number of oil and gas and energy industry service companies settled there. In 2001, state lawmakers officially established the Energy Corridor District â a municipal management district, which coordinates public/private investments, promotes public safety and […]
Posted on · A generation ago, in the Houston of the 1980s, energy companies relied almost exclusively on the production and distribution of fossil fuels, and Houston relied almost exclusively on the oil and gas industry to drive the economy. The industry and the communityâs fates were intertwined, for better or worse. Today Houston is more diversified, and […]
Posted on · Houston Matters took a trip to the Energy Corridor to record a special edition of the show in front of a live audience.
Posted on · When you think about the Houston economy, the first thing you probably think of is the oil and gas industry. And while that is still a very big driver of the Houston economy, the city is much more diverse than it was a few decades ago. News 88.7 business reporter Andrew Schneider gives us the […]
Posted on · Earlier this month, Mexico held its first in a series of auctions of offshore oil leases. These auctions are part of the country's bigger energy reform that's opening the oil and gas industry to outside investors for the first time in nearly eight decades. The first auction fell short of many industry expectations, with only […]
Posted on · Thereâs proposed legislation in Washington that would repeal a forty-year-old ban on crude oil exports. Two U.S. Representatives from Texas- Congressman Gene Green (D-Houston) and Congressman Joe Barton (R-Ennis) -weighed in during a recent hearing before a House and Energy subcommittee. Congressman Barton, chief sponsor of the bill, argues repealing the ban on crude oil […]
Posted on · The Greater Houston Partnership Wednesday (5/27/15) held an event examining the “State of Houston's Global Economy.” With that in mind, we talk with Richard Stubbe, Houston Bureau Chief and editor on energy markets for Bloomberg News, about the latest trends we’re seeing among Houston-based companies engaged in global economic activities, including (but not limited to) […]
Posted on · The 2015 Offshore Technology Conference kicks off today at NRG Park. More than 90,000 oil and gas professionals from 130-plus countries will converge to learn about the industry's latest technology and equipment. Also high on the minds of OTC attendees: how the drop in oil prices is impacting the industry, and what the new Subsea […]
Posted on · March 23 marked the 10-year anniversary of the fatal Texas City explosion. Fifteen workers died and about 180 others were injured amid a series of explosions at the BP oil refinery in Texas City. As described in coverage from the Texas Tribune and Houston Chronicle, warnings from the US Chemical Safety and Hazard Investigation Board […]
Posted on · March 23 marked the 10-year anniversary of the fatal Texas City explosion. Fifteen workers died and about 180 others were injured amid a series of explosions at the BP oil refinery in Texas City. As described in coverage from the Texas Tribune and Houston Chronicle, warnings from the US Chemical Safety and Hazard Investigation Board […]