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Tag Archives: Houston

KSA trade delegation visits oil, gas firms in Texas

RIYADH – A 150-member Saudi trade mission has traveled to the United States for a four-day visit. The main purpose of the visit, sponsored by the US Commercial Service at the US Embassy in Riyadh, is to deepen already strong bilateral commercial ties. US Ambassador Joseph W. Westphal is leading the delegation from Saudi Arabia. The mission is designed to ...

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Anadarko reports wider quarterly loss, output a record

Anadarko Headquarters

May 4 (Reuters) – Anadarko Petroleum Co on Monday reported a wider-than-expected quarterly loss as a crude price collapse hurt the U.S. independent oil and natural gas company’s results. Even as oil prices have tumbled about 40 percent from a peak over $100 a barrel in June, Anadarko said its oil and gas sales rose to a record in the ...

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Halliburton says has cut 9,000 jobs in wake of oil’s drop

HOUSTON (AP) — Halliburton has cut 9,000 jobs in about six months and is considering additional cost-cutting moves as falling oil prices reduce demand for its drilling help. That’s more than 10 percent of the Houston company’s workforce. Halliburton Co. executives disclosed the job cuts Monday on a conference call with investors. The company reported a loss of $643 million ...

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US geologist freed after serving 8 years in China prison

BEIJING — A Chinese-born American geologist was released from prison in China after serving more than eight years on charges of procuring state secrets, a human rights group said Saturday. Xue Feng returned to his family in Houston, Texas, on Friday after being deported immediately following his release, the San Francisco-based Dui Hua foundation said. The foundation has long advocated ...

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US oil and natural gas rig count drops by 56 to 1,069

HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. tumbled by 56 this week to 1,069 amid slumping oil prices. Houston-based Baker Hughes said Friday 825 rigs were seeking oil and 242 exploring for natural gas. Two were listed as miscellaneous. A year ago, 1,803 rigs were active. ...

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Ships collide for second time in five days in Houston Ship Channel

Two ships collided Monday afternoon around 12:45 p.m. in the Houston Ship Channel, causing flammable liquid, identified as MTBE, to leak into the water, according to reports. Coast Guard officials say they believe that fog is likely to blame for the crash, which caused a stretch of the Houston Channel from Morgan’s Point to Light 86 to be temporarily closed. ...

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Extractors wait, watch, wonder, drill in Permian

The Permian region, in western Texas and extending into southeastern New Mexico, has been one of North America’s major oil and natural gas producing regions for nearly a century. What makes the Permian stand out, besides its size, is its huge diversity. Rather than a single play, it is a collection of regional conventional and unconventional plays, producing from a ...

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BP’s new training center is all about safety

BP is amping up its offshore training program with the help of Maersk Training. BP and Maersk already work together for training in Europe, but a new agreement will expand the training program on a global scale, according to a company press release. Part of this agreement includes building a new facility in Houston equipped with state-of-the-art simulation technology. BP ...

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Chevron to move 100 jobs from its San Ramon headquarters to Houston

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SAN RAMON – Chevron has announced it will move 100 jobs from its San Ramon corporate headquarters to Houston this year. The jobs, in the oil giant’s human resources department, are non-union and currently are based at the Chevron Park campus, at 6001 Bollinger Canyon Road, the company said. Chevron also owns and operates a petroleum refinery in Richmond. “Please ...

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US rig count plunges 98 to 1,358

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 98 this week to 1,358 amid depressed oil prices. The Houston firm said Friday in its weekly report that 1,056 rigs were exploring for oil and 300 for gas. Two were listed as miscellaneous. A year ...

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