(Image: Fotolia)

Contractor is killed at Eagle Ford construction site

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A contractor working in the Eagle Ford Shale was killed Monday morning at a BHP Billiton Petroleum construction site in Karnes County.
Yan Cunzhang of the China National Petroleum Corp. said it will take patience to develop China's shale formations. (Eric Kayne/Houston Chronicle)

China: Growing quickly, but slow to exploit its shale resources

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For those who wondered when China will begin to exploit its shale resources, a Chinese energy executive had some answers Tuesday. It isn’t likely to happen quickly, and it won’t be easy.
Energy Center Three and Four will house ConocoPhillips’ Lower 48 Business Unit.

ConocoPhillips leasing space in two new Energy Corridor buildings

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The space encompasses Energy Center Three, a 20-story, 550,000-square-foot office tower under construction and 300,000 square feet in Energy Center Four, a planned 600,000-square-foot building expected to break ground later this year.
The Kongsberg Oil & Gas Technologies Inc. booths refreshment area during OTC 2013 at Reliant Park Tuesday, May 7, 2013, in Houston. ( James Nielsen / Houston Chronicle )

It’s not a sports bar, it’s OTC: TVs, top-shelf beer and subsea oil storage

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In addition to more television screens than a typical sports bar, Kongsberg Marine AS carved out a spot among the popular booths by offering top-shelf beer and wine served from a full-sized bar area.
Baker Hughes employees work at a drill site. (Houston Chronicle)

Improved cementing key for offshore wells

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Joe Shine of oil field services firm Baker Hughes discussed at the Offshore Technology Conference in Houston methods drillers can use to account for lost circulation in wells.
Carlos Tadeu da Costa Fraga, executive manager for pre-salt exploration and production for Brazil's Petrobras, spoke during a luncheon Tuesday at the Offshore Technology Conference about the company's growing success in the challenging geology. (Eric Kayne/Houston Chronicle)

Brazil’s Petrobras expects 2 million barrels per day

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Breakthroughs in drilling through challenging underwater geology are leading to rapid growth in oil production for Brazil’s Petrobras, an executive at the Offshore Technology Conference said Tuesday.
Gerald Schotman, chief technology officer for Shell (Emily Pickrell/Houston Chronicle)

Shell pushes innovation to stay in the deep-water game

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As conventional oil becomes ever scarcer for onshore, operators are increasingly planning their business strategies on the basis of deepwater resources, a Shell executive said Tuesday afternoon.
Panelists discuss the global energy outlook during the Offshore Technology Conference. (Eric Kayne/Houston Chronicle)

National oil companies invest in renewables, but remain committed to oil and gas

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Chief executives of some of the world’s largest national oil companies said they are bullish on fossil fuels, even if their companies are also investing in biofuels and other forms of renewable energy.
OTC-DAY2MAIN0508

Deep sea drone draws interest at OTC

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Video of a deep sea drone gliding along the ocean floor like a robot out of a science fiction movie drew interest from major oil companies at the Offshore Technology Conference on Tuesday.
Bryce Cunningham, a director in BP's upstream technology group in Houston, gives reporters a private briefing about the company's latest offshore technology, at the Offshore Technology Conference on Tuesday, May 7, 2013.

Pushing reservoir limits through technology key for BP

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Each day of drilling a deepwater well can cost an oil and gas operator $1 million or more, and costs are adding up for the offshore industry. So, maximizing the returns from the reservoirs that feed those undersea wells has become more important.
Categories: Crude oil, Offshore, OTC