Archives for September 2016
Baker Hughes cuts employee pay 5 percent through furloughs
The new “temporary pay reduction” program will cut salaries by 5 percent from Sept. 11 through the end of the year by designating four new unpaid holidays for workers — Oct. 10, Nov. 23, Dec....
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15 percent of Gulf oil production shut in ahead of Hermine, feds say
Offshore safety officials say oil companies have shut in more than 15 percent of the crude production in the Gulf of Mexico and have evacuated workers from 10 production platforms and one drilling rig in...
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Market Currents: U.S. importing more Colombian oil
As we move into September, the return of oversupply fears are clobbering the crude complex lower, with gasoline leading the charge. Hark, here are five things to consider in oil markets today: 1) Back in...
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Enterprise Products begins exporting ethane from new Houston terminal
The first shipment of 265,000 barrels of ethane left the Morgan’s Point terminal from La Porte on Wednesday morning en route to Norway aboard the Marine Vessel JS Ineos Intrepid. Switzerland-based Ineos is a major...
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Texas grid well-prepared for fall, winter electricity demand, ERCOT says
The electric grid held up well during this summer — even with multiple demand records broken in early August — and that is expected to carry over into the future, according to the Electric Reliability...
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