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Tag Archives: Houston Texas

Former Southwestern Energy worker guilty of $450K theft

Former Southwestern Energy worker guilty of $450K theft

HOUSTON (AP) — A former financial employee of Southwestern Energy Co. faces up to 80 years in prison for embezzling more than $450,000 from the oil and gas company. Kendra Walker of Houston pleaded guilty Monday to four counts of wire fraud. The 28-year-old Walker remains free on bond pending sentencing in federal court in Houston. Prosecutors say Walker worked ...

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Average gasoline price could break $2 threshold

Average gasoline price could break $2 threshold

The national average price for a gallon of gasoline may rise above $2 soon. A gallon of gas averaged $1.99 in the United States late Monday afternoon, according to GasBuddy.com. The average price has risen 5 cents in the past week. The average price for a gallon of gas in Houston was $1.84 on Monday afternoon, up 6 cents from ...

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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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Economists say Houston can weather oil downturn

HOUSTON — Gone are the lavish lunches with bottles of wine and luxury cars rolling off the lots, but economists say Houston should weather the latest downturn in oil. The local economy is showing strains entering the second year of the worst oil downturn in decades but it’s not collapsing the same way as previous oil busts, The Houston Chronicle ...

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ConocoPhillips to cut spending due to falling oil prices

NEW YORK — ConocoPhillips said it plans to slash spending on projects by 25 percent next year as the energy company and its rivals deal with plunging oil prices. The Houston company said it expects to spend $7.7 billion in 2015, down from the $10.2 billion it expects to spend this year. The money is used for oil exploration, drilling ...

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Mexico’s Pemex to open 5 gas stations in US

MEXICO CITY — Mexico’s state-owned oil company Petroleos Mexicanos says it will open five gas stations in Houston, Texas, as part of an experiment in expanding its presence in the United States. Petroleos Mexicanos is better known as Pemex — a brand that is seen on all gas stations in Mexico. The company said Thursday it is starting in Houston ...

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