Building "Bridges" Across the Bayou City!
This year hasn’t been much of a respite for the energy industry after an already-tough 2019. With commodity prices still heading downward, and upstream businesses still in the grip of a wave of bankruptcies, here are four data points to know in Texas e…
Read MoreHouston-based National Oilwell Varco Inc. (NYSE: NOV), like many other companies in the oil field equipment and services industry, had to contend with plunging customer activity in 2019.
NOV’s customers — upstream exploration and production companies …
Read More“If you don’t have access to capital to buy something, you’ll do a merger of equals using equity,” the analyst said. “You’ll merge to get bigger, to reduce your costs.”
Read MoreWhile the timing of the deal might seem strange, given the turmoil in certain parts of the oil and gas sector right now, the CEO said the nature of the company’s business insulates it somewhat from those issues.
Read MoreThe agreement comes well inside the company’s projected timeline for a deal.
Read MoreHouston-based ConocoPhillips disposed of $3 billion of its assets in 2019, and it’s got more to come in the first part of 2020, according to the company’s top executive.
The oil giant managed to produce $3 billion in disposition proceeds during 2019, …
Read MoreThe company already has equipment on site, and it’s looking to start operations in Baytown in March.
Read MoreThe executive plans to leave once his replacement steps into his position, expected toward the end of the first quarter.
Read MoreThe Austin-based solar company has expanded its footprint in Houston.
Read MoreOne of the big three credit ratings agencies reported a downward trend in the ratings of oil and gas companies throughout 2019 — and it reached a fever pitch during the fourth quarter. Read more about that and other data points to know in Texas energy …
Read More