The cozy relationship between state oil and gas regulators and the industry they monitor is typified by a revolving door of officials who leave the Texas Railroad Commission to lobby for energy companies, including several who recently departed and made six-figure salaries working the Capitol hallways last year.
The Houston real estate market has seen a decrease in ex-pats looking to enter the rental market in Texas, according to a leading realtor.
German gas and engineering company Linde Group has expanded into Houston's energy corridor.
US oil prices tumbled from more than $100 a barrel in the summer of 2014 to less than $50 a year later, but that didn't stop workers from flocking to Texas, the nation's biggest energy-producing state.
The fourth Aberdeen-Houston Gateway has been hailed as a resounding success as delegates from the US visited the UK for the annual event.
Organisers of an event celebrating the business links between the north-east and Houston hailed it as a “resounding success”.
Texas. It is the biggest state in the US – other than Alaska – and now home to Karen Bell, the British consul general there since June. Actually her domain also sprawls over Oklahoma, Louisiana, Arkansas and New Mexico. Her role, which takes in developing US/UK trade relations, makes her the de facto oil and gas diplomat for the UK.
Houston’s $3 billion of general-obligation debt was cut one level by Moody’s Investors Service, which cited weakening economic performance due to lower oil prices, the city’s pensions obligations and restrictions on raising taxes.
Erin Energy has appointed former Shell president John Hofmeister as its new chairman.
OTC 2016 takes place in Houston from May 2-5 against one of the toughest periods facing the energy sector in a generation.
They have sold off hundreds of oil fields, eliminated thousands of jobs and slashed millions of dollars from capital spending and dividends.
The $64 billion tie-up of Shell with BG Group and the steady growth of Exxon Mobil re creating a new league of two: the ultramajors.
So what do 2,800 or so of the world’s elite energy minds talk about when they gather at Houston’s IHS CERAWeek energy conference? Here’s a taste of what we heard on Monday.
Key Energy Services said it will appoint a new chief executive as the company faces potential de-listing from the New York Stock Exchange.
French oilfield services company Technip is looking to sublet space in Houston’s energy corridor.
Halliburton has reduced its headcount by another 4,000 jobs, the company said. The losses happened in the final three months of last year, as the firm looked to manage finances amid the oil price decline.
Southwestern Energy said it will reduce its headcount by more than 40% in the first quarter as it pauses its US drilling program to cope with the decline in oil price.
Carbo Ceramics has suspended its dividend payments in an effort to manage the decline in oil field activity.
A Houston lawyer has sent the senior management team of oil major BP in a US lottery tickets for an upcoming draw with a record jackpot prize of $1.4billion in the hope of reimbursing Macondo oil spill claimants. In a letter to the company, Coon said he represents “several thousand clients” who have filed claims against BP following the 2010 Macondo Gulf of Mexico oil spill.
Subsea engineering company, Sonardyne has successfully demonstrated its wireless integrity monitoring technologies during a series of in-water demonstrations held at NASA’s Neutral Buoyancy Lab in Houston, Texas.
Oil and gas consultants Io, has made three senior appointment as the firm establishes itself in the Unites States.
Oil major Chevron has joined a number of businesses to opt out of the Texas open carry law - which means employees will no longer be able to carry firearms inside office buildings. The move was made apparent to employees in an email sent on the final day of last year. The decision covers handguns, rifles or shotguns.
The collapse in the oil price claimed its latest shale drilling victim when Swift Energy filed for Chapter 11 bankruptcy in the United States.
A worker at Marathon Petroleum Corp's Galveston Bay Refinery in Texas City, Texas, was burned by hydrofluoric acid on Saturday while working on an alkylation unit, which was shut as part of a planned three-month, multi-unit overhaul, a source familiar with plant operations said on Sunday.
A Houston businessman who dubs himself “Mattress Mack” may have just saved himself $20million – after the oil price failed to peak past $85 by New Year’s Eve. Jim McIngvale, who owns Gallery Furniture in the Texas energy hub, told customers who spent more than $7,000 he would give them all their money back if the oil price rose past his marker by December 31st. The price of West Texas Intermediate has dropped as low as $36 this month with no signs of a sudden surge.