• houstonoilbarge

    Houston Spill Blocks Channel For Third Day

    The shipping channel is the gateway for more than 10 percent of U.S. crude refining capacity.
  • Oil Spill Cleanup Continues Off Texas Gulf Shore

    The Houston Ship Channel remained shut on Sunday to contain the environmental damage and prevent additional collisions.
  • Parents Sue Little League Baseball For $1 Million

    The parents of a Texas Little League Baseball player are suing the organization for more than $1 million after their son was injured by a line drive hit off an "altered" metal bat.
  • 66 Years Ago, A Far Worse Industrial Accident Hammered Texas

    The Texas City incident remains the deadliest industrial accident in American history.
  • Ten best cities for electric cars in United States

    Plenty of research - from sources like GE and Deloitte, to name a few - has shown that range anxiety, or the fear of running out of battery charge in the middle of the road, is one of the biggest factors scaring consumers away from electric vehicles (EVs).
  • BP's Slippery Slope: The Dangerous Disconnect Between Rhetoric and Reality at a Time of Crisis

    BP's flawed handling of the environmental crisis in the Gulf of Mexico is creating an identity crisis for the company.
  • BP to shut down hydrotreater unit at Texas City refinery

    BP reported on Thursday that a catalytic feed hydrotreater unit at its 475,000 barrel-per-day refinery in Texas City, Texas will be shut down for mechanical work, according to a filing to state regulators.
  • BP Texas refinery hit with record safety fine

    U.S. safety regulators on Friday hit oil giant BP with a record $87.4- million fine for failing to fix safety violations at its Texas City, Texas, refinery after a deadly 2005 explosion.
  • BP shutting Texas City ultracracker for work-filing

    BP Plc is shutting on Friday an ultracracker unit at its 467,720 barrel-per-day refinery in Texas City, Texas for maintenance, it said in a filing with state pollution regulators.
  • BP ups cost cut target as profits dive

    Oil giant BP Plc said it had increased its cost reduction targets for 2009 by 50 percent to $3 billion, as it reported a halving in second quarter profits due to lower oil prices and weaker refining margins.
  • BP to pay $373 million to settle criminal, civil charges

    British oil giant BP agreed to pay $373 million in fines and penalties on Thursday to settle charges related to manipulating U.S. energy markets, a Texas refinery explosion and a pipeline spill in Alaska, according to U.S. prosecutors.
  • BP profits down 45% as output, refining suffer

    BP reported a 45 percent fall in third-quarter replacement-cost profit to $3.867 billion due to lower oil and gas production, problems at its refining division and fewer asset sales which had flattered the year-earlier result. Though also lower than the same period last year, BP's underlying profits were towards the top end of analysts' forecasts, helped by a lower tax rate.
  • BP's revamp calls for simplifying, cutting costs

    The chief executive of BP Plc on Thursday outlined a plan to address industry-lagging profitability by slashing management layers, adopting consistent procedures for developing oil and gas fields and reducing unacceptably high costs.
  • Crude Drops

    So, what is going on in the wild, wonderful world of crude? Well, weather-related and supply concerns initially shoved black gold to an early all-time intraday high of $80.12 per barrel after hitting an all-time high of $80.20 in electronic trading. After yesterday's 2.2%, supply driven advance for black gold, we learned that Valero Energy had to shut down a Texas refinery thanks to a power outage from the hurricane in the area. In an email, the company noted that it is not clear how long the outage will last, but the company is mobilizing equipment to assist the refinery. The company did state that production at refineries in Corpus Christi, Houston, and Texas City were not affected by Hurricane Humberto. At last check, oil had pulled back, dropping more than a dollar to $78.29 per barrel.