BP begins pumping oil from Gulf expansion project
A new subsea production system at one of BP’s major oil fields in the Gulf of Mexico has begun collecting crude from a prolific new well, the company said Monday. BP’s effort to expand operations...
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Houston gas prices expected to keep falling
Average gasoline prices in Houston dropped 2.2 cents per gallon last week, to $2.10 per gallon, but remained well above the average gas price for this time last year, according an analysis by GasBuddy.com, a...
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Barry Smitherman, former Railroad commissioner, leaves Vinson & Elkins law firm
Energy lawyer and former energy regulator Barry Smitherman resigned his partnership at Vinson & Elkins on Friday. Smitherman, who joined the firm less than two years ago and practiced out of the firm’s Austin office,...
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Rig count leaps by 35, largest jump in 5 years
The number of oil and gas rigs in U.S. fields skyrocketed this week, up 35 over last week — the largest increase in five years, since the U.S. shale revolution was booming. After a dip...
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Market Currents: Chinese oil demand pace to slow?
Crude is ripping higher into the weekend, as the ebb and flow of OPEC production cut expectations swing towards the bulls once more (the drop in Saudi export loadings this month are looking pretty tasty,...
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