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Category: Oil

The big new concept in Obama’s Keystone XL decision

Posted September 13, 2018 by Silvia Zurita in Alternative Energy, Business, Business Valuation, Construction News, Downstream, Energy, Engineering, Midstream, Oil, Onshore, Petrochemical, Transportation, Upstream

Though President Obama’s rejection of the Keystone XL pipeline garnered headlines, it was the rationale behind the rejection that may prove historic. Rather than emphasizing particular concerns along Keystone’s route, Obama adopted a more global frame — one that has been an emerging theme of recent climate scholarship and environmental activism.... Read More »

OPEC secretary general speaks of market patience

Posted February 14, 2018 by Silvia Zurita in Business, Business Valuation, Construction, Deepwater, Downstream, Energy, Engineering, Financial, FPSO, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Suppliers, Transportation, Upstream, Valuation

By Daniel J. Graeber  |  Feb. 14, 2018 at 9:27 AM - UPI News It's a long-term game, the secretary general said in his opening remarks at a conference in Riyadh. Feb. 14 (UPI) -- While pointing to emerging optimism in the energy markets, OPEC's secretary general said Wednesday that any focus on stability... Read More »

Phillips 66, Enbridge partner on Texas pipeline

Posted December 11, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Energy, Engineering, Financial, Infrastructure, Oil, Onshore, Pipeline, Transportation

Greg Garland, CEO of Phillips 66 Jimmy Moreland/HBJ By Olivia Pulsinelli – Senior web editor, Houston Business Journal Dec 11, 2017 Houston-based Phillips 66 (NYSE: PSX) and Canada-based Enbridge Inc. (NYSE: ENB) are planning to build a pipeline from the Permian Basin in West Texas to the Gulf Coast. The... Read More »

Tellurian makes $15B deal for engineering and construction of flagship LNG project

Posted November 13, 2017 by Silvia Zurita in Business, Business Valuation, Construction, Construction News, Energy, Engineering, Financial, Infrastructure, Midstream, Natural Gas, Oil, Pipeline

By Joshua Mann Houston Business Journal Nov 13, 2017 Houston-based Tellurian Inc. (Nasdaq: TELL) has awarded Bechtel Oil, Gas and Chemicals Inc. — the Houston-based subsidiary of California-based Bechtel Corp. — a collection of four engineering, procurement and construction agreements for its flagship liquefied natural gas terminal near Lake Charles,... Read More »

Operators sign up for Mexico’s round 2.4 bidding process

Posted November 6, 2017 by Silvia Zurita in Business, Business Valuation, Construction, Construction News, Energy, Engineering, Financial, Maritime, Offshore, Oil, Upstream

10/31/2017 Offshore Magazine, Offshore Staff MEXICO CITY – Twenty-five companies have asked the National Hydrocarbons Commission of Mexico (CNH) to sign up for the 4th invitation of the 2nd Round Bidding process and the PEMEX farmout for the Maximino-Nobilis deepwater block. The bid day will be Jan. 31, 2018. Round... Read More »

Schlumberger partners with Canadian E&P co. to buy oil and gas assets for $1B

Posted October 19, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Deepwater, Downstream, Energy, Engineering, Financial, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Upstream, Valuation

Schlumberger Ltd. Chairman and CEO Paal Kibsgaard.   By Olivia Pulsinelli – Senior web editor, Houston Business Journal   Schlumberger Ltd. (NYSE: SLB), which has one of its principal offices in Houston, and Torxen Energy will buy assets in Alberta, Canada, from Cenovus Energy Inc. (NYSE: CVE) for about $1... Read More »

Texas Economist Sees Oil Industry Leveling Out

Posted October 12, 2016 by Silvia Zurita in Alternative Energy, Business, Business Valuation, Deepwater, Downstream, Energy, Engineering, Financial, FPSO, Infrastructure, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Upstream, Valuation

San Antonio Express-News   Oct. 10 --A little more than two years since the start of the worst oil downturn in recent memory, the Texas petroleum industry may finally be looking at the bottom as prices, rig counts and even employment show gains. "We're just looking at these little milestones.... Read More »

Research project seeks to deliver ultra-deepwater riser concepts

Posted April 1, 2016 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Deepwater, Energy, Engineering, FPSO, Maritime, Offshore, Oil, Onshore, Upstream

A recent research project has been working to select and bring to maturity at least one safe riser system concept that could meet the performance demand of high-motion vessels in ultra-deepwater areas (10,000-ft depths). Stress Engineering Services, Inc., has been undertaking this work, under the auspices of the Research Partnership... Read More »

Deep Gulf Energy taps Technip for more ultra-deepwater Gulf of Mexico projects

Posted February 15, 2016 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Deepwater, Energy, Engineering, FPSO, Maritime, Midstream, Offshore, Oil, Pipeline, Upstream

PARIS – Deep Gulf Energy III LLC has awarded Technip a lump-sum contract for the development of the South Santa Cruz and Barataria fields in the ultra-deepwater Gulf of Mexico. These fields are located in Mississippi Canyon acreage, offshore New Orleans, in approximately 2,000 m (6,651 ft) of water. The... Read More »

5 Things to Know in Texas Energy this Week

Posted December 16, 2015 by Silvia Zurita in Business, Business Valuation, Commercial, Downstream, Energy, Engineering, Financial, Midstream, Oil, Petrochemical, Pipeline, Suppliers, Upstream, Valuation

The CEO of Cheniere Energy was ousted, two chemical giants became one and Kinder Morgan is weathering investor upset after a less-than-popular decision to cut dividends. Here are five things to know in Texas energy this week. If the Halliburton and Baker Hughes merger comprise the energy deal of the... Read More »