Facing 63-mph winds and 28-foot seas on Monday, two tugboats were towing Shell’s Kulluk drilling rig to safe harbor to weather the fierce storm in the Gulf of Alaska. More »
US secretary of state’s spokesman said her doctors discovered the clot during concussion follow-up on Sunday and she was admitted to hospital More »
Stocks on Wall Street shot higher as details of a tentative deal to avoid the looming fiscal cliff started to emerge More »
A budget deal to avoid tipping the US economy over the fiscal cliff is “within sight” but not yet done, President Barack Obama said on Monday afternoon More »
The streaming and DVD subscription service has doubled the notional pay of chief executive Reed Hastings to $4m for 2013 More »
Mineral blockages at Davy Jones No. 1, an ultradeep shallow water well in the Gulf of Mexcio, have caused trouble for McMoRan Exploration. More »
While demand for onshore rigs declined as the result of less natural gas drilling, demand for offshore rigs continues to flourish, as the push to drill in the Gulf of Mexico continues to the rig count increase there, industry analysts said Monday. More »
A new report says that while oil is still king, coal and natural gas remain key global energy sources, particularly as fuel for electricity generation. More »
Elenilto is named operator of the Senegal Offshore Sud Shallow Oil block production sharing contract. Petrosen will have a minority participation interest. More »
Hyperdynamics Corp. subsidiary SCS Corp. has completed the sale to Tullow Guinea Ltd. of 40% gross interest in its exploration concession offshore Guinea. More »
Chevron Corp. (NYSE: CVX) has two new discoveries offshore Australia in the Exmouth Plateau area of Carnarvon basin. More »
A new plant in Oregon could help transform the waste industry with a remarkable new technology: Garbage goes in, oil comes out.
It’s hard not to get a big ego, what with all the predictions about U.S. energy that have come out over the past month or so.
Coastal states stand their best chance in years of winning more federal dollars tied to oil and gas harvested near their shores, thanks to a shuffle in the leadership of the Senate Energy and Natural Resources Committee. More »
It’s time for my 2012 list of some of the biggest business winners and losers with Houston ties.