Oil producer Nexen cuts workforce by 400
Nexen is a wholly-owned subsidiary of CNOOC Limited, one of China's major national oil companies.
View ArticleBG Group announces production from North Sea field
The Knarr oil field was discovered in 2008, and BG Group estimaes it has 80 million barrels of oil equivalent in gross recoverable reserves.
View ArticleSouthwestern Energy sells Pennsylvania pipelines for $500 million
Natural gas producer Southwestern Energy will sell its gathering assets in Pennsylvania for $500 million, the company announced Thursday morning.
View ArticleIndustry study ranks Texas 10th in solar capacity
Texas is the 10th-ranked state for U.S. solar capacity, according to a study published Thursday by the Solar Energy Industries Association, a trade group.
View ArticleLinn announces $1 billion equity deal
Oil producer Linn Energy signed a deal with Quantum Energy Partners, a private investor, to help fund up to $1 billion in oil and natural gas acquisitions, the companies said Tuesday
View ArticleElectric industry pushes back against bill restricting minimum-use fees
During a late-night hearing in Austin on Wednesday, the companies argued that "minimum use fees" — charged to customers who use too-little electricity each month — are fundamental to the economics of...
View ArticleOdessa coal-to-gas power plant to break ground this year
A new power plant in West Texas that essentially transforms coal into cleaner-burning natural gas is poised to break ground later this, an executive in charge of it said at a conference in Houston...
View ArticleHundreds more Houston-area jobs cut as oil-equipment demand falls
Falling oil prices have prompted businesses affiliated with the the energy industry to announce more than 400 job cuts in the Houston area as demand for their products and services falls.
View ArticleShell sets $70 billion deal to buy BG Group
Shell said that bringing the two companies together would produce financial gains of about $2.5 billion a year.
View ArticleWages for oil and gas workers are growing the slowest of any industry
Falling oil prices and a slowdown in the energy sector have prompted wage growth in the oil and gas industry -- as well as Houston at-large -- to come to standstill, according to new data.
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