OPEC secretary general speaks of market patience
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
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
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 »
Puerto Rico Power Grid Rebuild Challenges Corps, Crews
Crews from Whitefish Energy in Montana repair a tower in Puerto Rico - Photo courtesy of Whitefish Energy Article by: Pam Radtke Russell and Luke Abaffy - Houston Business Journal At least 3,000 workers, 62,000 poles, 338 towers and 6,500 miles of wire will be needed to rebuild Puerto Rico’s... Read More »
Schlumberger partners with Canadian E&P co. to buy oil and gas assets for $1B
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 »
New Construction Starts in 2017 to Increase 5% to $713 billion
Dodge Outlook Report predicts moderate growth for most project types – single family housing, commercial and institutional building, and public works, while multifamily housing levels off and electric utilities/gas plants decline. MARKET DATA |OCTOBER 24, 2016 |DODGE DATA & ANALYTICS Dodge Data & Analytics today released its 2017 Dodge Construction Outlook. The report... Read More »
Texas Economist Sees Oil Industry Leveling Out
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 »
Deep Gulf Energy taps Technip for more ultra-deepwater Gulf of Mexico projects
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
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 »
America’s Repiping – The Flanagan South Story
Aside from the scale, engineering, design, construction and safety challenges, any of which could define a pipeliner’s career, what really motivates Enbridge’s Flanagan South Pipeline executives Jerrid Anderson and Mark Sitek, is the idea they are part of a larger socio-economic movement across North America. They’re helping to allow domestic... Read More »