Federal offshore chief calls for urgency in bolt failure inquiry
The federal government’s top offshore drilling regulator said Monday that regulators and the oil and gas industry need to figure out why bolts are failing on undersea equipment used in offshore drilling “sooner rather than...
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Permian pipeline firms get time to catch up as production slows
Oil production levels have fallen this year, even in West Texas’ fertile Permian Basin. But the slowdown has given pipeline operators there the chance to catch up after years of overwhelming oil volumes, according to a Morningstar...
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Texas gasoline prices climb above $2, at least temporarily
The average price of a gallon of regular, unleaded gasoline in the Houston region is up 5 cents in the past week to $2.02 on Monday, which is the same cost as the statewide average....
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Williams names 3 independent directors amid proxy fight
Williams Cos., facing a proxy battle over board seats with former director Keith Meister, appointed three independent directors who will stand for election at the company’s November annual meeting. Stephen W. Bergstrom, Scott D. Sheffield...
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Doubts linger over potential OPEC deal
Oil declined amid doubts that producers will agree to stabilize the market when suppliers meet next month for informal talks. Futures decreased as much as 1.8 percent in New York after rising the previous two...
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