Collin Eaton joined the Houston Chronicle's team of energy reporters in 2013, after covering the financial industry for another publication. He writes mainly about U.S. oil companies and developments in international oil markets.

Article 1155
Schlumberger, Weatherford to form joint venture

Oil field service companies Schlumberger and Weatherford will form a joint venture that aims to help North American drillers pump oil and gas. The companies said on Friday the joint venture, OneStim, will specialize in providing technologies and services that stimulate shale oil and gas wells such a ...

U.S. rig count climbs by 20 in 10th weekly increase

Drillers put 20 oil and gas rigs back into U.S. fields this week, marking the 10th consecutive weekly increase in the nation’s rig count. The increase brought the U.S. drilling fleet to 809, just about double its level in May, when the count hit an all-time low of 404, according to Baker Hughe ...

Shell to sell Gabon onshore fields for nearly $600 million

Royal Dutch Shell has agreed to sell onshore oil and gas fields in Gabon, where it has operated for more than five decades, for $587 million. The Anglo-Dutch oil major said Friday it will sell five oil and gas fields it operates in the central African country, and its shares in four other nonoperate ...

Eni well off Mexican coast exceeds expectations

Eni has found more oil than it expected buried in Mexico’s shallow waters, after drilling the first exploration well there by an international firm since Mexico’s energy reforms four years ago. The Italian oil major’s well, about 745 miles west of the coastal island city Ciudad del Carmen in southwe ...

Industrial facilities infected with malware 3,000 times a year

Cybersecurity researchers believe computer controls at industrial facilities, including in the oil business, get infected by non-targeted malware at least 3,000 times a year. Dragos Security, a cybersecurity firm in San Antonio, arrived at what it believes is a conservative estimate of worldwide ind ...

U.S. oil exports increased, spread across the globe in 2016, EIA says

U.S. oil exports climbed 12 percent last year even as domestic output dropped, bringing the nation’s overseas shipments to an average of more than half a million barrels a day, the Energy Department said Wednesday. Exporters sent crude shipments to more than two dozen countries in South America, Eur ...

Energy facility cyber incidents rose nearly a third last year, DHS says

Homeland Security received reports of 59 cyber incidents at energy facilities last year, up nearly a third from the year before. The agency responsible for protecting the nation from cybercrime said in a new report this week it worked to mitigate 290 incidents last year across more than a dozen indu ...

Four Houston drillers boosted CEO pay last year

Four Houston drillers boosted pay packages for top executives last year as oil prices recovered from the worst crash in a generation. The CEOs of Anadarko Petroleum Corp., EOG Resources, Noble Energy and Cabot Oil & Gas got more in stock awards and cash incentives last year, raising their total ...

Marathon Oil to buy Permian Basin acreage for $700 million

Marathon Oil Corp. says it will pay $700 million for 21,000 net acres in the Northern Delaware Basin in New Mexico, its second deal in the region in less than two weeks. The Houston driller said Tuesday the all-cash transaction brings its footprint in the Permian Basin to more than 90,000 net acres. ...

Private equity firms partner to find oil patch deals

Three Houston private equity firms have teamed up to comb the oil patch for small but lucrative investment deals left behind by banks and larger firms. The private equity firms announced Tuesday they’ve formed an affiliate group called Argus Energy Managers to share information with each other and t ...

More