Fuel Fix

A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Cameron sells offshore jack-up rig business for $100 million

on
Categories: Deals, featured, Offshore
Cameron International Corp. has agreed to sell off its offshore jackup rig business for $100 million to a Singapore rig contractor, the companies announced Monday.

Cameron sells offshore jack-up rig business for $100 million

on
Categories: Deals, featured, Offshore
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)
Cameron International Corp. has agreed to sell off its offshore jackup rig business for $100 million to a Singapore rig contractor, the companies announced Monday.
(ALEXANDER KLEIN/AFP/Getty Images

Oil surges as OPEC signals it’s open to “fair and reasonable” prices

on
U.S. crude prices shot up nearly $4 a barrel after OPEC said in a monthly publication it is ready to speak to other oil producers to achieve “fair and reasonable” prices.
Categories: Crude oil, featured, Markets

U.S. Sen. Kelly Ayott (R-NH) listens during a news briefing after the weekly Senate Republican Policy Luncheon March 12, 2013 on Capitol Hill in Washington, DC. (Alex Wong/Getty Images)

Ad campaign launched to pressure senators on oil exports

on
With Congress nearing a vote on oil exports, a group opposed to foreign crude sales is hitting the airwaves in five states.
Categories: Politics/Policy
Laboratory analyst, Syed Ali, takes some measurements in a lab in the research and development building, at the Baker Hughes facility. (Todd Spoth/For the Chronicle)

Many Texas manufacturers see conditions worsening amid cheap crude

on
Many respondents were still wary over whether manufacturing in the state could recover amid the low crude prices hammering companies catering to the oil and gas industry.

Original byline: Jim Blecha/

GE’s Lufkin Industries closing plant, making layoffs

on
This is the third major job reduction by GE’s Lufkin Industries this year and the second and its Foundry plant, which is effectively being closed through this mass layoff, the company said in a letter to the Texas Workforce Commission.
iNOV Grant Prideco's Engineering Technology Center Sept 18, 2014. A worker at the combined load frame.  (Billy Smith II / Chronicle)
Publication History: 	Publication: The Houston Chronicle
PubDate: 9/21/2014 - PageNo: 1 - Section: D - Edition: H6 - CIMAGEID: 131712669
Caption: An employee checks machinery at NOV Grant Prideco's engineering technology center. It's part of National Oilwell Varco.


NOV taps new chief financial officer

on
National Oilwell Varco has appointed a new chief financial officer with experience working in the industry as an executive at a major oil company as well as a background in investment banking.
Categories: Oil field services
hindes1

In Eagle Ford, local officials win rights on road control

on
In a bitterly contested case of neighbor against neighbor over access to the spoils of the Eagle Ford Shale, a court ruling has strengthened the hand of county officials seeking to maintain control of local roads.
President Barack Obama waves from the top of the steps of Air Force One at Andrews Air Force Base in Maryland on Monday, Aug. 31, 2015, before departing to Alaska. Obama is traveling on a three-day trip to Alaska aimed at showing solidarity with a state often overlooked by Washington, while using its glorious but changing landscape as an urgent call to action on climate change. (AP Photo/Susan Walsh)

Obama on defense as he heads to Alaska

on
Environmentalists say there is a clash between Shell’s exploratory oil drilling in the Chukchi Sea and Obama’s visit to survey shrinking glaciers and speak with coastal residents worried about rising seas.
(Lucas Schifres/Bloomberg)

Raymond James cuts natural gas price forecast

on
Raymond James lowered its long-term natural gas price estimates Monday, putting the investment banking firm in a growing group of analysts seeing a bleaker future for the fuel.
Categories: Natural gas