A rig worker looks out across the North Sea aboard the Troll A natural gas platform, operated by Statoil ASA, in the North Sea, Norway, on Wednesday, Oct. 21, 2015. Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited Troll's capacity. Photographer: Krister Soerboe/Bloomberg

Offshore driller Atwood warns of possible revenue declines, impairment charge

on
Atwood Oceanics expects quarterly revenues to decline from the same time last year, and it may take a multi-million dollar impairment charge on another rig, as the lingering oil slump continues to batter offshore contractors.
API President Jack Gerard  (Bloomberg)

Top oil lobbyist touts U.S. energy production, emissions reductions

on
The head of the oil industry’s top lobbying group says the U.S. is an emerging global energy powerhouse, and can can grow even stronger if the federal government imposes fewer regulations.
(Bureau of Safety and Environmental Enforcement)

Commentary: A chilling regulatory climate

on
Late last year a second major oil company was forced to abandon plans to drill in the Arctic Ocean off the coast of Alaska – and irresponsible, high-fiving anti-development activists, most of whom live thousands of miles away and will not be affected, could not be more thrilled. But for those who live close by, the ones […]
Oil wells in the Franja del Orinoco region of Venezuela (Houston Chronicle)

These are the energy stories Houston cared about in 2015

on
With crude prices stuck firmly below $40 a barrel, and energy companies predicting another austere year in 2016, here’s a look back at some of the most popular stories that appeared on FuelFix.com this year.
Protesters in kayaks paddle out to meet the Arctic offshore oil rig Polar Pioneer piggybacked atop the cargo deck vessel Blue Marlin as it arrives at Port Angeles, Wash., on  April 17.  (Keith Thorpe/The Peninsula Daily News via AP)

Shell cancels contract for Transocean rig

on
The Polar Pioneer cancellation marks the second for Transocean this month.
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 oil production hampered by accidents, budget cuts

on
Mexico’s 2015 oil production is the lowest since at least 1990, when the government began recording output, and is more than 100,000 daily barrels below the original 2.4 million daily barrels forecast for the year by Chief Executive Officer Emilio Lozoya.
A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)

Paragon dropped from NYSE

on
Embattled offshore driller Paragon Offshore has been removed from the New York Stock Exchange for abnormally low price levels, the latest energy firm to have trading suspended on the exchange following a collapse in oil prices.
Categories: Offshore
(Kristian Helgesen/Bloomberg)

Statoil submits rare $940 million plan amid oil-price rout

on
Statoil is studying the use of unmanned platforms, which are new to Norway but have been used in Denmark and the Netherlands, for other projects, including at the giant Johan Sverdrup field, Aasheim said.
A Noble Energy rig off the south coast of Cyprus in the Mediterranean Sea. (AP Photo/Cyprus Press and Information Office, File)

Israel gives final approval to Noble’s development plans

on
By resolving the final sticking points in the anti-trust dispute, the Houston-based oil company can begin pressing forward with plans to expand the Tamar and develop the Leviathan.
A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)

Embattled Paragon Offshore risks delisting from NYSE

on
Paragon Offshore’s listing could get dropped from the New York Stock Exchange if the Houston-based offshore driller is unable to continue adhering to the exchange’s listing standards.