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Houston’s FMC Technologies signs $180 million deal

Houston's FMC Technologies signs $180 million deal

Houston-based FMC Technologies signed an agreement with Woodside for the design, manufacture and supply of subsea production systems for the Greater Western Flank Phase 2 Project as part of the North West Shelf Project in Western Australia. The $180 million contract includes subsea production trees, wellheads, manifolds, subsea and topside controls and flowline connection systems. According to a press release, ...

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EIA: Consumption will drive natural gas prices up

EIA: Consumption will drive natural gas prices up

Natural gas prices are expected to rise, according to the EIA’s latest Short-Term Energy Outlook report. The average natural gas spot price at the benchmark Henry Hub for December 2015 was $1.93 per million British thermal units. That’s the lowest monthly average since March 1999. In the January report, the Nymex futures strip averaged $2.50/MMBtu for 2016 and $2.80/MMBtu for ...

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Spate of layoffs sweeps energy industry

Spate of layoffs sweeps energy industry

A sustained downturn led to thousands of layoffs this week as companies struggle to weather the prolonged energy market slump. Falling oil prices forced many producers to cut costs and streamline business. The International Energy Agency said oil prices may fall further this year due to low demand and an oversupply of crude. Schlumberger Schlumberger cut 10,000 jobs and reported ...

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Texas lawyer files suit in Marathon refinery fire

Texas lawyer files suit in Marathon refinery fire

A Texas lawyer filed a lawsuit, on behalf of Samuel Salache, against Marathon Petroleum Company, Ray Brooks and Innovative Ventilation Systems Inc. On Jan. 11, Salache was working as a foreman at the Marathon Refinery in Texas City, Texas, when a fire occurred. A spark ignited fumes causing an intense fire. According to a press release, Salache ensured that his ...

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Oklahoma fracking site damaged by fire

Oklahoma fracking site damaged by blaze

A fire at an Oklahoma hydraulic fracturing operation caused more than $20 million in damage, authorities said. The fire started about 4 p.m. Wednesday at a Continental Resources site in Grady County, Okla. According to a diagram from the University of Kansas, the fracking pumps caught fire and all trucks connected by piping caught fire. The blaze burned 22 trucks, ...

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Gas, oil rigs down as Texas takes hit

Texas down 10 in weekly rig count

The number of active rigs searching for oil and gas in the United States dropped down 14 from last week for a total of 650 rigs. Texas saw the steepest decline, as seven rigs shut down, according to oilfield service company Baker Hughes. Just one oil rig shut down as crude oil prices continue to slump. The total number of ...

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Cheniere delays first Sabine Pass LNG export

Tugboats at Sabine Pass ready for LNG exports

Cheniere Energy Partners plans to delay the first export of liquefied natural gas from its Sabine Pass terminal. Shipments will be pushed back by a month until late February or early March. The first commissioning cargo was initially expected to occur by late January. Cheniere said “instrumentation issues” discovered during plant commissioning lead to the delay. Bechtel Corp., the engineering ...

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Energy companies ready to ship oil abroad

Energy companies ready to ship oil abroad

Less than a month after President Barack Obama signed a bill abolishing America’s crude export ban, energy companies are positioning themselves to ship American oil overseas. The first oil tanker left Corpus Christi on New Year’s Eve and is expected to arrive in Italy on Jan. 20. ConocoPhillips produced the oil from Eagle Ford Shale in Texas. The crude will ...

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Three workers injured in Marathon refinery fire

Three workers injured in Marathon refinery fire

A fire left three workers injured early Monday morning at the Marathon Petroleum Galveston Bay refinery in Texas City. According to company spokesman Hamal T. Kheiry, the fire was reported about 2:45 a.m. in a unit down for scheduled maintenance. One worker was transferred to a burn center in Galveston via helicopter. Two others were treated on site for minor ...

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Tugboats at Sabine Pass ready for LNG exports

Tugboats at Sabine Pass ready for LNG exports

Four dedicated tugboats waited seven years to do their job. At Cheniere Energy’s $15 billion Sabine Pass LNG Terminal on the Texas-Louisiana border, the tugboats are stationed to ensure safe and timely escorts by crews trained to berth LNG vessels. But the shale revolution left the tugboats useless. Shale gas drillers started producing enough natural gas for the country, and ...

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