Helix Well Containment Group equipment was deployed in a drill at a Noble Energy test well in May, with federal regulators and industry representatives looking on. (Photo: Noble Energy)

Despite new discoveries, deep water’s a bit still

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Marshall Adkins, director of energy research at Raymond James in Houston, said the moves show there is reason for optimism, but that the deepwater oil and gas sector might be 18 months away from seeing a rebound, as opposed to the quicker recoveries expected in U.S. shale.
India's Minister for Petroleum and Natural Gas, Dharmendra Pradhan (L-R), Minister of Oil of Iraq, Adil Abd Al-Mahdi, Minister of oil of Iran, Namdar Zangeneh, Venezuela's Minister for Petroleum and Mining, Asdrubal Chavez J, and Secretary General of the International Energy Forum, Aldo Flores-Quiroga, attend an OPEC seminar  on June 3, 2015 in Vienna. (AFP PHOTO / JOE KLAMARJOE KLAMAR/AFP/Getty Images)
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Iran seeking billions to rebuild natural gas industry

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While commodity markets fixate on a return of Iranian oil, the importance of gas in the longer term was underlined Wednesday as BP Plc data showed the Islamic Republic held its position as the nation with the largest proven reserves of the fuel after snatching the crown from Russia in 2011.
Photographer: Akos Stiller/Bloomberg

Alstom, GE to answer regulators’ concerns on sale

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GE and Alstom are walking a fine line as they’re trying to close the deal, attempting to accommodate the commission while sticking firm to its original merger terms.
In this June 10, 2015 photo, Dr. Anne Sheehan, Professor of Geological Sciences and Fellow of the Cooperative Institute for Research in Environmental Sciences opens a compartment in a weatherproof digital recorder, part of her kit of solar-powered seismometers, used to measure earthquakes, including those caused by injection wells at petroleum extraction sites, at CU Boulder, in Boulder, Colo. (AP Photo/Brennan Linsley)

Earthquakes near Colorado wastewater well decrease

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DENVER — The ground around a northern Colorado wastewater injection well has been relatively quiet for more than two months, offering hope that a 10-month string of more than 200 small earthquakes might have subsided.
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake shares fall on downgrade, natural gas drop

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Chesapeake is among energy companies with market values that swing on the price of natural gas.
Categories: Natural gas
Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug. 30, 2013. (Susana Gonzalez/Bloomberg)

Pemex reports its largest oil find in 5 years in Gulf of Mexico

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The discovery won’t affect Pemex’s output forecast of 2.4 million barrels a day this year though will likely alter the company’s estimate to increase production by 500,000 barrels by 2018, CEO Emilio Lozoya said.
Earthquake2-DaveSchumaker-flickr

Natural gas firm asked to show it’s not causing Texas quakes

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A natural gas extraction company controlled by energy giant Exxon Mobil sought to prove Wednesday that it is not to blame for a recent rash of small earthquakes in North Texas, telling a powerful state agency that it believes the earthquakes occurred naturally.
A crew cleans oil from the beach at Refugio State Beach on May 20, 2015 north of Goleta, Calif.  (Photo by David McNew/Getty Images)

California officials deny Exxon’s request to truck crude stranded after Plains pipeline breach

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Exxon Mobil estimates it will fill onsite storage at a stranded processing plant in less than one month and need to cease both natural gas and crude production in the area.
An Exterran Partners midstream compressor. (Exterran)

Exterran poaches Houston boss from GE Oil & Gas to head spinoff

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Way, the CEO of drilling and surface production for GE in Houston, will become the president and CEO of the unnamed spinoff that is supposed to launch in the third quarter of the year.
Linde unveiled a $200 million expansion to its La Porte plant on Tuesday, including a new air separation unit that produces oxygen, nitrogen and oxygen. The project marks the biggest U.S. investment for the German gases and engineering company since the 1990s.

Linde unveils $200 million investment in La Porte plant

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Years after the fate of Linde Group’s La Porte plant seemed questionable amid skyrocketing natural gas prices, the German gases and engineering company Tuesday unveiled a $200 million expansion and said revealed plans for more projects at the same site.