Oil in New York posted the biggest weekly gain since June after Saudi Arabia surprised the market with a significant supply cut beyond what was agreed to with fellow OPEC+ members.
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WTI […]

About 112 workers at Pumpco Energy Services in Odessa were laid off Nov. 25, according to a bulletin released Monday from the Texas Workforce Commission advisory, which also showed 85 layoffs from National Oilwell […]

The fate of crude oil prices and the health of the U.S. energy sector heading in 2020 may be determined this week in Vienna when OPEC and its allies meet to determine whether to extend or deepen production cuts […]

What was originally reported as two turned into three people were injured when a trench collapses in Gregory.

The incident happened just before noon Tuesday at a worksite near the Glades of Gregory apartment […]

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GREGORY, Texas — Emergency crews were called to a work site in Gregory, Texas, around noon Tuesday after two men became buried when the walls caved in at a construction site, according to San Patricio County S […]

Houston oilfield service company Halliburton plans to close an office just west of Oklahoma City where more than 800 employees are losing their jobs.

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In a Monday morning letter filed with the O […]

Two employees and one contractor have been injured after a refinery explosion rocked the area around Port Neches Wednesday morning.

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The Nederland Fire Department reports that around 1 […]

Houston pipeline operator Enterprise Products Partners Reports a $1 Billion Profit During the Third Quarter but missed Wall Street revenue expectations amid weaker commodity prices for crude oil, natural gas and […]

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Houston oilfield service company Halliburton laid off 650 employees in four western states from New Mexico to North Dakota as demand for drilling and hydraulic fracturing services remains week amid lackluster oil […]

An explosion at an oil storage facility in Crockett on Tuesday afternoon sent a huge fireball into the air in West Contra Costa County California, shaking buildings and rattling windows for miles around and […]

A bit of good new to end week: After 8 weeks of declining US oil and gas rig counts, we’ve finally edged upward.
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According to weekly data from Baker Hughes, The U.S. added two oil rigs a […]

Baker Hughes rolled out its new look Tuesday to mark its independence after more than two years of majority ownership by the industrial conglomerate General Electric Co.
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The Houston oilfield […]

Oil majors and large independent exploration companies are beginning to dominate the Permian Basin in West Texas, but smaller, private equity-backed companies are still doing a lot of drilling.
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While Callon would acquire for $1.2 billion Carrizo, the sale is pitched as a merger of near-equals of Houston-based producers in an all-stock deal. But New York hedge fund manager Paulson & Co., which holds […]

British oil major BP is drilling under a new name in Texas and Louisiana.
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Nearly a year after buying the onshore North American assets of Australian conglomerate BHP in a $10.5 billi […]

Houston pipeline operator Kinder Morgan is staring a new pipeline to move natural gas the from the Permian Basin to Corpus Christi ahead of schedule.
In a statement, Kinder Morgan said its 448-mile Gulf Coast […]

When CBS7 News arrived at the Chevron Gas Plant in Andrews around 2:00 P.M. our reporter found the plant unlocked with apparently no one inside.
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We were told that a social media post sent […]

The U.S. tried to build its case Monday that Iran was behind the fiery weekend attack on key Saudi Arabian oil facilities that raised new war worries and sent energy prices soaring. Iran denied responsibility, […]