TEXAS CITY, Texas, March 23 (Reuters) – The closure of major
Texas shipping channels that deliver crude to more than a tenth
of the nation’s refining capacity looked set to run to a third
day as crews were still working on Sunday evening to clean up
after an oil spill.
The Houston Ship Channel, which allows oil barges and cargo
ships to sail from the Gulf Coast to refiners and terminals
further inland, was shut on Saturday following a collision
between a Kirby Inland Marine oil barge and a cargo
ship, spilling some 4,000 barrels or 168,000 gallons (636,000
liters) of residual fuel oil.
TEXAS CITY, Texas (Reuters) – Four skimming boats surrounded a partially submerged barge on Sunday at the entrance to the Houston Ship Channel, working to clean up fuel spilled from one of the vessel’s tanks into Galveston Bay after a Saturday collision with a cargo ship, according to a Reuters eyewitness.
“This is a very significant discharge,” said Coast Guard Lieutenant Junior Grade Kristopher Kidd, a spokesman for the maritime safety agency.
HOUSTON, March 7 (Reuters) – The boom in onshore natural gas
production in the United States has brought down power prices
and may be contributing to a “reshoring” of manufacturing jobs
from overseas, former Federal Reserve Chairman Ben Bernanke said
The U.S. economy continues to recover, thanks in part to
rising energy production, but more needs to be done to boost
growth, Bernanke said in one of his first public speeches since
handing over the reins at the Fed in January to Janet Yellen.
HOUSTON, March 5 (Reuters) – The rise of global trade in
liquefied natural gas in the coming decade could curb Russia’s
foreign-policy leverage over Europe and prompt China to take a
more constructive role in global affairs as its imports of the
This view, shared by many energy experts at the IHS CERAWeek
conference in Houston, means that in the future Russia may have
less room to assert itself with neighbors the way it did when
its forces recently seized control of Ukraine’s Crimea.
HOUSTON, Dec 19 (Reuters) – On a wall inside an old hunting
lodge in west Texas that Apache Corp uses as a field
office, a board lists the winners of $10,000 prizes given to
workers with big ideas to cut costs – the new way to get ahead
in North America’s shale oil industry.
The shale boom that over the last five years has revived old
Texas oil fields has largely made the unpredictable world of
wildcatting, or looking for oil in new fields, a thing of the
HOUSTON, Dec 13 (Reuters) – The ultimate success of Mexico’s
push to open up its stagnant oil industry 75 years after a
nationalization will depend on whether it can guarantee enough
autonomy to foreign firms that have a cornucopia of options
worldwide, energy experts said on Friday.
Mexico President Enrique Pena Nieto, who won a victory in
Congress on Thursday when landmark reform legislation was
approved, hopes foreign companies will help reverse a
decade-long slide in output by state-run Pemex and tap
what experts agree are tremendous resources.
COLLEGE STATION, Texas/FORT LAUDERDALE, Florida (Reuters) – The Federal Reserve should telegraph the end of its current massive round of bond-buying by committing to a set schedule for the wind-down, two top policymakers said on Thursday.
Their embrace of the idea, after two others have publicly supported it in recent weeks, suggests it may be gaining traction ahead of a much-anticipated December 17-18 Fed policy meeting.
HOUSTON (Reuters) – The U.S. Gulf Coast may need six to eight facilities to turn condensate – a very light form of crude oil – into exportable products and handle a glut of output from the Eagle Ford field in Texas, Magellan Midstream Partners LP (MMP.N: Quote, Profile, Research, Stock Buzz) Chief Executive Michael Mears said.
Splitters, or a very basic distillation tower, give condensate a minimal level of processing. Without that processing, condensate is considered crude oil under U.S. law and therefore cannot be exported.
MERTZON, Texas, Nov 21 (Reuters) – At a dusty Texas
oilfield, Apache Corp has eliminated its reliance on
what arguably could be the biggest long-term constraint for
fracking wells in the arid western United States: scarce
For only one well, millions of gallons of water are used for
hydraulic fracturing, or fracking, the process that has helped
reduce U.S. reliance on foreign oil over the past five years by
cracking rock deep underground to release oil and gas.
HOUSTON, Nov 12 (Reuters) – General Electric Co is
trying to deploy more of its natural gas engines on rigs
drilling for hydrocarbons in the North American energy boom -
where Caterpillar Inc diesel engines have long been the
The sales push comes as GE forecasts global natural gas
consumption will rise by a third through 2025 and as it makes
strategic investments in the gas sector – like its 2010 purchase
of U.S. engine maker Waukesha.