Markham Hislop

Schlumberger lays off 11,000 employees, cites North American downturn

News

Schlumberger CEO says global economy recovering, oil demand up by 1 million bbl/d in 2015 The world’s biggest oil and gas service company is laying off 11,000 workers, which is on top of the 9,000 jobs cut in January. Schlumberger will have 15 per cent fewer employees compared to the third quarter. Energy producers are expected to slash $114 billion in […]

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JP Energy Partners buys Southern Propane, signs pipeline deal

Energy Financial

JP Energy Partners connects Midland Basin assets with Magellan Midstream pipeline JP Energy Partners LP (NYSE:JPEP) of Irvine, Texas announced Monday it has acquired all of the assets of Southern Propane Inc. and signed an interconnection agreement with an affiliate of Magellan Midstream Partners. JP Energy Partners LP acquired Southern Propane Inc., a Houston-based industrial and commercial

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Texas environmental groups offside supporting anti-fracking bans

Markham on Energy

Anti-fracking issue kicked off by Denton, Texas when it passed ban If the Texas Municipal League is fine with changes to State legislation restricting local fracking bans, environmental groups should get on board, too. A small group from the Texas Campaign for the Environment staged an all-night protest outside the legislature Tuesday, demanding more local regulation

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Dropping oil prices force merger of Bayside Petroleum, iSeeAutomation

Energy Financial

iSeeAutomation says merger with Bayside Petroleum will help reduce the overall costs of producing energy Bayside Corp. (OTC PINK: BYSD) announced the merger of Bayside Petroleum Company, Inc., and iSeeAutomation, Inc., a vision guided automated technology company on Monday. The ongoing slump in oil prices resulted in Technis Energy, Ltd. exercising an option under the

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Offshore oil and natural gas industry safer than ever – API CEO

News

Efforts to improve offshore oil and natural gas safety began after Macondo incident in 2010 Advances in technology, standards and practices in the last five years have made America’s offshore oil and natural gas industry safer than ever, according to industry leader Jack Gerard, president and CEO of the American Petroleum Institute. “Our goal is zero

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National energy strategy for America? TRC’s Ryan Sitton is on it…

Markham on Energy

Global economy needs $48 trillion of investment by 2035. Sitton says national energy strategy will help America markets Does America need a national energy strategy, a game plan to wrest control of  oil markets from the Saudis and establish a new global leader in all things energy? Ryan Sitton says, Yes. The newly minted Texas Railroad Commissioner hopes to knit together

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