Courting millennials, Shell, Phillips 66 turn to social media influencers – HoustonChronicle.com

When car enthusiast John Hennessey started a YouTube channel more than a decade ago, he just wanted his Sealy auto modification shop to keep up with the times. Fast forward 12 years and Hennessey’s social media presence has exploded to 340,000 YouTube subscribers and 1 million Instagram followers watching his mechanics modify high-end cars and […]

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Concho sells Permian assets to Houston’s Spur Energy for $925M – Midland Reporter-Telegram

Midland’s Concho Resources said Tuesday it will sell its more mature Permian Basin assets in New Mexico for $925 million to the Houston startup Spur Energy Partners. Concho, which has struggled financially of late, will use the funds to cut down on debt and initiate a share buyback program to help appease Wall Street, while […]

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Energy Transfer seeks five-year extension to build Lake Charles LNG export terminal – Houston Chronicle by Sergio Chapa

Dallas pipeline operator Energy Transfer is asking federal regulators for a five-year extension to build the company’s proposed Lake Charles LNG export terminal. Energy Transfer received a federal permit for the project in December 2015. Under the terms of that the permit, the 240-acre liquefied natural gas export terminal was supposed be operational by December […]

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COLUMN-Asia’s imports of U.S. crude hit record, but pullback likely: Russell – Reuters

Asia’s crude oil imports from the United States climbed to a record in August, but that may be as good as it gets for some time – and it’s not just the escalating trade war between Washington and Beijing to blame. — Read on www.reuters.com/article/column-russell-crude-usa-asia/column-asias-imports-of-u-s-crude-hit-record-but-pullback-likely-russell-idUSL3N25U1CC

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The race to build offshore oil export terminals – HoustonChronicle.com

Companies have proposed at least eight offshore oil-export terminals — many requiring billions of dollars in investment — that would stretch from off the coast of Brownsville to southeastern Louisiana and take advantage of a new flood of crude from the booming Permian Basin as several pipelines connecting West Texas and the Gulf Cast near […]

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Moody’s: Outlook stable for global E&P growth | Oil & Gas Journal

Moody’s latest outlook for the global exploration and production business—which reflects its expectations for the fundamental business conditions in the industry over the next 12-18 months—is stable. — Read on www.ogj.com/general-interest/economics-markets/article/14036829/moodys-outlook-stable-for-global-ep-growth

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Pipeline, terminal shortages will continue to hamper Permian growth – Houston Chronicle

Pipeline, terminal shortages will continue to hamper Permian growth – Houston Chronicle — Read on m.chron.com/business/energy/article/Pipeline-terminal-shortages-will-continue-to-14128272.php

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Alaska communities debate proposed location of LNG project

ANCHORAGE, Alaska (AP) — An Alaska community has criticized the process used to select the terminus of the proposed $43 billion Alaska LNG Project, a report said. An environmental review by… — Read on www.apnews.com/14f426b0305d442eb4e5bfce11f52557

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U.S. oil companies slash Gulf of Mexico production as storm bears down – Reuters

U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season threatened offshore oil production and began soaking Louisiana with heavy rains. — Read on www.reuters.com/article/us-storm-gulfmexico/u-s-oil-companies-slash-gulf-of-mexico-production-as-storm-bears-down-idUSKCN1U51LJ

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Big Oil evacuates Gulf platforms as disturbance strengthens – Houston Chronicle

The top Big Oil operators in the Gulf of Mexico said Tuesday they are evacuating workers from most of their deepwater platforms in response to this hurricane season’s first major storm in the area. The potential hurricane, which would be named Barry if it continues to strengthen, is expected to travel westward along the Gulf […]

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