In addition to being a strategic investor through the consortium, JX will add its expertise to the company’s LGF project, leveraging its carbon capture and sequestration (CCS) experience gained in building and operating the Petra Nova Carbon Capture, Utilization and Storage (CCUS) project near Houston.
Texas’ major energy industry reached new peaks last year with records set for both oil and gas production.
Shell Mobility Company Operations LLC (Shell), has signed an agreement to acquire 45 fuel and convenience store sites in New Mexico through the acquisition of Brewer Oil Company’s (BOC) retail division.
The Texas Forest Service announced dangerous wildfires in the Panhandle were finally 100% contained, thanks to the tireless efforts of state and local emergency crews.
Texas Oil & Gas Association (TXOGA) President Todd Staples announced on April 5 the promotions of senior staff, naming Shana Joyce and Tulsi Oberbeck as Vice Presidents of Government and Regulatory Affairs. Joyce and Oberbeck have served as directors in these positions since 2018.
Vivakor has signed a definitive agreement to acquire the Endeavor Entities, which operate in the midstream segment of the oil industry, for $120 million.
High Demand for Welders, Truck Drivers, and Diesel Technicians Shell PLC, a U.K.-based supermajor with its U.S. headquarters in Houston, has decided to adjust its climate targets creating the expansion of the oilfield industry. The company has eliminated its 2035 carbon intensity reduction goals and has introduced new objectives, such as reducing some of its…
In January 2024, the Biden Administration announced a pause on permits for new liquefied natural gas (LNG) export projects. In response to this pause, it was announced that the U.S. House of Representatives would be voting on H.R. 7176, the Unlocking Domestic LNG Potential Act (Rep. Pflueger, TX-11), which would repeal the Biden Administration’s ban…
ExxonMobil is currently facing numerous lawsuits from states and localities, accusing the company of deceiving the public for many years regarding its involvement in climate change and the risks associated with burning fossil fuels. However, the company has decided to take a proactive approach by filing a lawsuit against investors who are urging the company…
Data recently released by the Texas Workforce Commission indicates a sustained growth trend in upstream oil and gas employment in Texas. In December, the sector added 3,100 jobs, contributing to a substantial increase of 15,300 jobs throughout 2023. The Texas Oil & Gas Association (TXOGA) highlighted that since the low point in September 2020, months…
Data recently released by the Texas Workforce Commission indicates a sustained growth trend in upstream oil and gas employment in Texas. In December, the sector added 3,100 jobs, contributing to a substantial increase of 15,300 jobs throughout 2023. The Texas Oil & Gas Association (TXOGA) highlighted that since the low point in September 2020, months…
Sunoco LP, based in Dallas, is set to acquire NuStar Energy LP, an oil pipeline and terminal operator, in a substantial $7.3 billion deal. The acquisition aims to diversify Sunoco’s business and secure a crucial segment of its supply chain. By incorporating NuStar’s existing pipelines and terminals for fuel-related products, including oil and ammonia in…
Oil witnessed a decline in a volatile session as traders assessed the escalating military activities in the Middle East and the anticipation of increased supplies. The US and UK conducted additional airstrikes against the Houthis on Monday to thwart potential attacks on commercial vessels in the Red Sea. Despite heightened geopolitical tensions, West Texas Intermediate…
Oil witnessed a decline in a volatile session as traders assessed the escalating military activities in the Middle East and the anticipation of increased supplies. The US and UK conducted additional airstrikes against the Houthis on Monday to thwart potential attacks on commercial vessels in the Red Sea. Despite heightened geopolitical tensions, West Texas Intermediate…
Oil prices surged to a two-month high following an attack on a fuel tanker near Yemen, highlighting the geopolitical risks to crude supplies. West Texas Intermediate (WTI) reached over $78 a barrel, its highest level since November. The vessel, operated by Trafigura Group, was struck by a missile southeast of Aden, Yemen. Futures for refined…
The oil and gas industry in Austin is experiencing notable shifts and developments that are shaping the energy landscape in the region. From innovative technologies to regulatory challenges, here’s a closer look at what’s happening in the heart of the Lone Star State. Technological Advancements: Austin, known for its vibrant tech scene, is embracing innovative…
The Texas oil and gas industry, an economic powerhouse known for its contributions to the state’s prosperity, is also making significant strides in promoting diversity and inclusivity. While this sector has been historically dominated by a specific demographic, a growing emphasis on creating opportunities for people of color is reshaping the industry’s landscape. Diversity as…
An industry leader in the Permian Basin said the new report proves safety regulations are helping. Other observers say more data is needed to understand the risks of extraction. Groundbreaking reports shed light on the dangerous risks that accompany the extraction of oil and gas. This report was conducted by the Centers for Disease Control…
AUSTIN – Texas’ production of oil, natural gas, and natural gas liquids (NGLs) has achieved new record highs, according to a recent monthly energy economic analysis prepared by Texas Oil & Gas Association (TXOGA) Chief Economist Dean Foreman, Ph.D. TXOGA estimates that Texas set new production records in August 2023, with Texas’ crude oil production…
The Lone Star State is booming with job growth in the oil and natural gas industry! According to the Texas Oil and Gas Association (TXOGA), the industry has added a whopping 12,100 jobs in 2023 alone, with 1,200 of those jobs added in August. Todd Staples, president of TXOGA, emphasized the importance of the industry…
