CB&I Chairman and CEO Philip K. Asherman, May 23, 2014 in The Woodlands, TX. (Eric Kayne/For the Chronicle)

CB&I focuses on Gulf Coast to ride out oil bust

Although CB&I operates worldwide, more than 70 percent of its engineering and construction revenues in 2016 will come in the U.S., the company announced Tuesday during an investor day in New York.
Chevron's Gorgon LNG project is shown when it was  under construction in Australia. (Photo: Chevron)

Chevron signs second China LNG deal as Gorgon production nears

The U.S. company is preparing to begin shipments from its $54 billion Gorgon project off northwest Australia.
Categories: Asia, Australia, LNG
BHP Billiton CEO Andrew Mackenzie speaks at the IHS CERAWeek energy conference in Houston on March 4. (Houston Chronicle file)

BHP expects to book $4.9 billion writedown on U.S. shale assets

‘”The dramatic fall in prices has led to the disappointing writedown,” Chief Executive Officer Andrew Mackenzie said.
Categories: Australia, Shale
(Photo: Woodside Petroleum)

Woodside abandons $8 billion takeover bid for Oil Search

Oil Search tumbled 16 percent at the close in Sydney, the most in seven years, while Woodside slumped to the lowest in a decade.
Aubrey McClendon, owner of American Energy Partners (F. Carter Smith/Bloomberg)

McClendon’s American Energy to buy 55 million acres in Australia

Aubrey McClendon’s company American Energy Partners has struck four separate deals to buy 55 million acres in the McArthur Basin in Australia’s Northern Territory and is working to secure another 10 million acres there, according to an internal company memo obtained by Fuelfix.

Commentary: Focus for oil is on inventory, jobs data

Once again, the API has put the cat among the pigeons ahead of the weekly EIA inventory report. Prices had already spent yesterday getting stomped on all day, before the API released its report, revealing a surprise 7.6 million barrel build versus the expectation for a minor 0.8 mb draw. This was the largest build […]
Aubrey McClendon, CEO of Chesapeake Energy Corp., is pictured during the second half of Game 6 in the NBA basketball Western Conference finals, in Oklahoma City on June 6, 2012.  (AP Photo/Sue Ogrocki, File)

Aubrey McClendon pursuing $100 million deal for drilling rights in Australia

McClendon co-founded Chesapeake in 1989 and built it into a U.S. gas titan before his ouster in a 2013 investor revolt.

BHP Billiton makes $2.8 billion writedown in Texas shale

BHP’s announcement comes at a time when U.S. shale is suffering because of low prices for natural gas and oil, the latter of which is hovering near $52 a barrel.
A diver explores former offshore oil equipment  that has been turned into an artificial reef in the Gulf of Mexico under the states "rigs to reefs" program. (Texas Parks and Wildlife Department)

Cal Dive asks court for speedy auction after $17m asset bid

Cal Dive International, a Houston firm that filed for chapter 11 bankruptcy protection in March, says in court papers it has found a buyer for its Australian unit.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP Billiton to pay $25 million to settle SEC’s FCPA allegations

BHP Billiton Ltd. will pay $25 million to settle U.S. Securities and Exchange Commission claims that it violated the Foreign Corrupt Practices Act when it sponsored the attendance of foreign government officials at the 2008 Summer Olympic Games in Beijing.