Big gap in Texas oil and gas labour force between 20-year olds and baby boomers soon to be retiring The oil industry is mired in its latest bust. But in Texas, education officials are working harder than ever to prepare more young people for the oilfield. Their commitment shows the state’s unshakeable commitment to the energy […]
Texas training youth for oil field jobs in midst of industry bust Read More »
Aly Energy says it anticipates upturn in oilfield business before new debt matures in 2017 Texas-based drilling services company Aly Energy Services, Inc. says it has raised over $3 million in capital and renegotiated its debt, as the industry continues to struggle with low oil prices and E&P cutbacks. The company (OTCQB: ALYE) announced Monday that effective Sept.
Aly Energy Services closes equity deal, renegotiates debt until 2017 Read More »
Financing announcement comes as Enbridge says it is considering a big expansion into the Gulf Coast HOUSTON, TX – Enbridge Energy Partners, L.P. announced Tuesday it has closed a $1.6 billion financing that it will use to pay down debt, fund capital expansion, and unwind hedging arrangements. Enbridge recently announced it is considering a significant investment in
Enbridge Energy Partners closes $1.6 billion financing Read More »
Fitch Ratings study examines challenges of losing tax revenue for municipalities whose economy relies on oil and gas The recent decline in oil prices has raised the pressure on some cities, counties and single-purpose districts in oil-producing states, according to a new report by Fitch Ratings. According to Fitch, some municipalities will be able to raise taxes and
Are Texas municipal finances threatened by oil bust? Read More »
Work will be performed by Wood Group Kenny and Wood Group Mustang As part of the Mexican government’s commitment to reforming its energy sector, Houston-based Wood Group has been awarded a three-year contract for field development in Mexico’s Gulf of Mexico waters. Wood Group has been awarded a three-year offshore engineering blanket order by PEMEX Procurement
Wood Group awarded $28 million PEMEX off-shore engineering contract Read More »
Houston-based Linn Energy starts week with three bold deals Struggling Linn Energy announced a flurry of deals Monday that included selling Permian Basin assets for $281 million and securing $1.5 billion in new financing the company hopes will re-ignite growth. Linn Energy stock value has dropped from $32 per unit last July down to less than $9 Tuesday as
Linn Energy sells Permian assets, inks $1B deal to fund growth Read More »
$95 million Seabrook Logistics project already has commitment with major refiner Magellan Midstream Partners and LBC Tank Terminals are teaming up to create Seabrook Logistics, which will own and operate crude oil storage and pipeline infrastructure in the Houston Gulf Coast area. The two companies announced Monday that they have formed a 50/50 limited liability company Seabrook
Seabrook Logistics will increase oil storage, pipelines in Houston area Read More »
DofE approves exports, Cheniere obtains new credit to finish Sabine Pass construction Houston-based Cheniere Energy and its Sabine Pass LNG facility now have a new export permit and $5.8 billion of new credit to forge ahead with the project. The Energy Department gave the go ahead Friday for Sabine Pass Liquefaction, LLC’s Expansion Project to export LNG to countries that
Cheniere Energy ups export capacity with Sabine Pass LNG approval Read More »
2 million barrels a day of Houston area refining capacity now open to Keystone customers A short addition connecting the Keystone pipeline to a Houston area hub will expose shippers to an additional two million barrels a day of refining capacity, according to TransCanada and Magellan Midstream Partners. The companies have entered into a joint development agreement to
9 miles of Keystone pipeline opens door to more Houston refineries Read More »
Midland producers will have new route to refineries in Houston, Beaumont, etc. with Enterprise Products Partners pipeline Enterprise Products Partners L.P. (NYSE:EPD) is building a new new 416-mile, 24-inch diameter pipeline to transport crude oil and condensate from the company’s Midland, Texas terminal to its Sealy storage facility near Houston. “The commitments we received for the Midland-to-Sealy
Midland to Houston pipeline planned by Enterprise Products Partners L.P. Read More »
