Beaumont – Fuelfix

Apache taps new CFO as exiting CEO gets hefty retirement package

Apache abruptly announced longtime CEO G. Steven Farris’ retirement this week.  More »

Helicopter company opens Houston office to serve offshore workers

About 80 helicopters from Sikorsky’s S-76 model line are operating in the Gulf of Mexico, along with 50 in its S-92 line.  More »

Feds to inspect fire damage at Energy XXI oil platform

Federal regulators said Friday they will send personnel, weather permitting, to examine the damage at an oil production platform owned by Energy XXI in the shallow waters of the Gulf of Mexico, about 5 miles south of Port Fourchon, Louisiana.  More »
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Video: Anadarko turns massive Gulf spar into marine habitat

Anadarko Petroleum Corp. has turned a 7,200-ton cell spar hull into a dark cave-like habitat for fish, sea anemones and other deep-sea creatures 200 miles off the coast of Louisiana.  More »

Hercules Offshore to lay down five more Gulf rigs

Hercules has already cold-stacked four of the rigs this month and a fifth is scheduled to end its contract in March.  More »

King Abdullah’s death not expected to change oil policy

No change in oil policy is expected.  More »

Crude, natural gas futures fall on storage report

Crude oil and natural gas futures fell on Thursday as traders grappled with inventory builds for both fuels.  More »

Oil trader sees no return to $100 crude

Brent crude climbed 0.8 percent to $49.44 a barrel at 10:48 a.m. in London on Thursday. It rose as high as $115.71 in June.  More »

U.S. witness: Spill response removed far less crude than BP expert estimates

A retired Coast Guard official testified Wednesday the massive oil spill response BP managed out of Houston in 2010 fell short of typical efforts to remove crude from the ocean.  More »

Richard Kinder to step down as CEO in June

The move had been telegraphed since December, but a time for the transition had not been set until the company announced its fourth-quarter 2014 earnings Wednesday.  More »

BP trial: Oil spill caused massive ecological damage, marine scientist says

U.S. prosecutors are arguing that BP should have to pay all of the $13.7 billion in Clean Water Act fines for the disaster, which killed 11 workers and spilled millions of barrels of oil into the Gulf.  More »

Crude rebounds as U.S. drilling slows

Oil has dropped more than 10 percent this year following a decline of almost 50 percent last year, the most since the 2008 financial crisis.  More »

Obama talks tough on climate change, Keystone XL

In his penultimate State of the Union address, Obama chided lawmakers who have been skeptical of climate change or humanity’s role in it and delivered a thinly veiled critique of the GOP-controlled Congress’ focus on the Keystone XL pipeline.  More »

What to watch for in the State of the Union

As President Barack Obama delivers his penultimate State of the Union address Tuesday night, will he be the president who took aim at the oil industry’s tax breaks in 2009 or the one who celebrated natural gas just three years later?  More »

Halliburton leaders suggest layoffs to hit North America

Halliburton acknowledged challenges ahead for the company as it faces pressure from exploration and production companies who are reeling from a more than 50 percent drop in the price of oil.  More »
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