A protester waves Turkey's national flag while others shout slogans in front of the Russian Istanbul consulate during a demonstration against Russia's Syria policy on November 24, 2015 in Istanbul. NATO member Turkey on Tuesday shot down a Russian fighter jet on the Syrian border, threatening a major spike in tensions between two key protagonists in the four-year Syria civil war. AFP PHOTO/OZAN KOSEOZAN KOSE/AFP/Getty Images

Oil prices jump on Syria tensions

Continued global conflict in Syria sent oil higher early Tuesday, after Turkey downed a Russian plane officials said had crossed into the country’s airspace near Syria.
KBR Tower in downtown Houston (AP file photo/Pat Sullivan)

KBR wins Louisiana LNG contract

The Houston-based engineering and construction firm is focusing on opportunities in natural gas as oilfield activity slows.
Categories: Deals, featured, LNG
(RJ Sangosti/The Denver Post via Getty Images)

Fitch: More capital budget cuts coming in 2016

The ratings agency’s report gave the oil and gas sector a negative outlook for 2016.
McDermott International has a $1.5 billion-plus contract with Saudia Arabia's national oil company. (AP file photo/John Moore)

Saudi Arabia edges out Russia in China oil sales as OPEC digs in

The world’s biggest oil exporter sold 3.99 million metric tons to China in October, 0.8 percent more than in September,
Over thirty oil drilling rigs idling in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, in the Permian Basin on  May 18, 2015. (Courtney Sacco/Odessa American via AP)

Oil rig count resumes plunge, with Permian among hardest hit

Gains elsewhere in Texas shielded the losses in the Permian Basin, the state’s biggest oil and gas field.
(Daniel Acker/Bloomberg)

Noble shelves midstream IPO amid equity slump

The postponement is a surprising reversal from last week, when the Houston-based producers said it hoped to raise at least $237.5 million.
Paal Kibsgaard, chairman and CEO of Schlumberger. (Andrey Rudakov/Bloomberg)

Cameron rebuffed Schlumberger for months in hopes for a better deal

The two firms edged closer to an agreement as oil prices collapsed and wild swings in the stock market darkened the outlook for the oil field services industry.
A column of smoke comes off the West Delta 32 complex in the Gulf of Mexico after an explosion on a Black Elk platform on Nov. 16, 2012. (U.S. Coast Guard)

Manslaughter charges filed in deadly 2012 platform blast

The blast killed three Filipino workers — Avelino Tajonera, Ellroy Corporal and Jerome Malagapo — and injured several others.

Low Oil Prices: An Environmental Dilemma

One of the reasons President Obama felt free to reject Keystone XL is today’s low oil prices, which are likely to continue for some time because demand is weak and supply abundant. Environmentalists cheered his action as a major boost to the up coming climate talks in Paris. They like the decision but not the […]
Categories: featured, General, p2
Map of Shell prospects in the Gulf of Mexico. (Shell)

Shell finds 100 million oil barrels in deep-water Gulf discovery

Royal Dutch Shell has drilled its longest-ever well and found 100 million barrels of oil equivalent buried at one of its recent deep-water discoveries in the Gulf of Mexico, the company said Wednesday.