The year’s biggest news in oil and gas litigation came last week when Fort Worth-based Moncrief Oil International voluntarily abandoned a billion-dollar trade secret lawsuit in the middle of trial against Russian energy giant OAO Gazprom, says one Texas energy attorney. More »
The proposed deal may reduce competition for equipment used by companies active throughout the oil and gas distribution chain, including exploration, storage and refining, the European Commission said in an e-mailed statement today. More »
The state’s Mineral Resources Department estimated December production at slightly more than 38 million barrels, or about 1.23 million barrels per day. That broke the November record of 1.19 million barrels per day. More »
Sen. John Hoeven of North Dakota, the chief Republican sponsor, told reporters Thursday it would be better if Congress was in town when President Barack Obama vetoes the bill “so attention is brought to it.” More »
C&J Energy Services executives say the company’s deal to acquire Nabors Industries’ hydraulic fracturing fleets should help stem the losses from the industry downturn, but that it’s planning input and labor cost cuts to brace for a tough year More »
With rapid authorization, negotiation and signing of the lease — reminiscent of how decisions on the waterfront used to be greased — the port has secured a $13.17 million deal and forestalled efforts by the region’s environmental groups to stop it. More »
Natural gas futures traded down Thursday morning as the weekly inventories report from the U.S. Energy Information Administration showed a weaker-than-expected withdraw for the third consecutive week.8.4 cents to $2.713 More »
FuelFix.com is your daily must-read source for news and analysis on the energy business. Anchored by business reporters at the Houston Chronicle and other Hearst newspapers, FuelFix incorporates blogs by energy experts, market updates, useful data and a real-time summary of the top ideas, hottest stories and latest news.