oil

Texas Refineries Gearing Up To Resume Operations
Texas Refineries Gearing Up To Resume Operations
Texas Refineries Gearing Up To Resume Operations
Hurricane Harvey shut down multiple refineries in Texas, idling about 25% of US production. Gasoline prices spiked almost immediately. There's good news on the horizon. AP reports, one of the country's largest refineries is gearing up to resume production...
BP To Launch Major Project In The Gulf Of Mexico
BP To Launch Major Project In The Gulf Of Mexico
BP To Launch Major Project In The Gulf Of Mexico
BP, PLC has announced plans to go forward with a major project in the gulf. They've reworked a 2013 proposal, trimming the cost of Mad Dog Phase 2 from $20 billion to $9 billion. Analysts see the decision to go forward as an indication of optimism in the future of oil prices.
An Oil Spiel- Sheen of Fear
An Oil Spiel- Sheen of Fear
An Oil Spiel- Sheen of Fear
I'm thankful my husband still has his job in the oilfield, but there are many families in south Louisiana who are suffering because of the drop in oil prices. I know it scares me, and it's a real fear for them.
Oil Facility Closing In Houma
Oil Facility Closing In Houma
Oil Facility Closing In Houma
HOUMA, La. (AP) - National Oilwell Varco, a manufacturer and parts supplier to the oil and gas industry, is shutting down its facility in Houma, Louisiana, and that will put 80 employees out of work. The Louisiana Workforce Commission tells The Advocate (http://bit.ly/1S41moN) the layoffs at the facility started Monday, and will continue in phases until NOV shuts down sometime between March 7 and March 21. State officials say they will provide re-employment services to the affected employees, including information on unemployment benefits, résumé help and job-searching tools. Houston-based NOV said it will provide workers with additional pay and benefits because they were unable to provide sufficient notice of the closure "due to economic reasons."

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