(AP Photo/Diamond Offshore)

Rockhopper agrees to buy Falkland Oil in $87 million deal

The deal requires the approval of Falkland shareholders. Both Chief Executive Officer Tim Bushell and Chairman John Martin will join the board of the combined company as non-executive directors.
FlexGen solid state generator operating in the Permian Basin. FlexGen)

Startup seeks to power oil drillers with hybrid energy

A recent infusion of capital helped the company fill the demand for renting its turn-key hybrid power generators.
(Jerry Baker/For the Houston Chronicle)

CB&I gets $2.8 billion petrochemical contract in Oman

CB&I, which operates out of The Woodlands, will build the Liwa Plastics Industrial Complex Project for the Oman Oil Refineries and Petroleum Industries Company, called Orpic.
(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.
(AP Photo/Reed Saxon, file)

Gasoline expected to dip below $2 nationwide for Thanksgiving

Gasoline costs also could continue to come down through December, according to GasBuddy, which noted that prices don’t always spike during busy driving weeks.
Southwestern Energy Co.'s corporate headquarters near The Woodlands. (Southwestern Energy)

Houston company among oil firms sued by Arkansas royalty owners

Claims against the companies include fraud, violation of the Arkansas Deceptive Trade Practices Act and civil conspiracy.
(Screengrab, via Youtube)

Watch: Anadarko’s Heidelberg spar makes 400-mile trip to deep Gulf of Mexico

On Monday, the Woodlands-based oil explorer released a video showing the spar’s 23,000-ton hull traveling 400 miles over four days.
Pumpjacks work behind a natural gas flare in North Dakota. (AP Photo/Eric Gay, File)

Volatility reigns for crude oil as bearish bets build

Today is national espresso day, and while crude oil prices received an early morning caffeine shot from rhetoric out of Saudi Arabia, the effects of this are fading. Despite OPEC’s leading producer not telling us anything new – that it is prepared to work with OPEC and non-OPEC producers to stabilize the market – prices […]
Categories: Asia, Crude oil
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.