Archives for March 2017
Merged Enbridge moving out of downtown Houston
Calgary-based Enbridge recently staked its claim as North American’s largest pipeline company, but now it’s moving out of downtown Houston as it consolidates near the Galleria. After closing on its $28 billion acquisition of Houston’s...
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IEA warns of oil supply crunch unless drillers build new projects
Crude prices could spike sharply in a few years unless the oil industry starts soon to invest in major projects again, the International Energy Agency warned on Monday. The second wave of U.S. shale oil...
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Gas prices unchanged in Houston area
Houston area gasoline prices were unchanged over the past week as the national average rose, according to the website GasBuddy.com. Prices at the pump average $2.07 a gallon in Greater Houston, said GasBuddy, which tracks...
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CERAWeek Day One: What to look for
CERAWeek kicks off Monday with the future of the oil markets front and center as prices stabilize between $50 and $55 a barrel after plunging to $26 a barrel just over a year ago. An...
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Many industrial cyber threats go undetected in U.S. oil industry
In December 2015, hackers shut down power for thousands of Ukrainian electricity customers for six hours in an attack that compromised three power plants. It was the first known destructive cyberattack against a power grid,...
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