(Photographer: Patrick Semansky/Bloomberg)

Crude slump leads to big profits for refiners

on
Refiners are pocketing big profits as they soak up vast supplies of cheap oil and transform it into higher priced petroleum products, a new government report finds.
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Hercules sells four rigs as Gulf drilling work disappears

on
This month’s rig sales come after the oil slump has taken a big toll on the Houston jackup rig contractor, which has cut 40 percent of its 1,800 employees in recent months.
In this photo taken May 10, 2015, a dead dolphin washes ashore in the Gulf of Mexico on Grand Isle, La. National Oceanic and Atmospheric Administration (NOAA) scientists stated in a report released, Wednesday, May 20, 2015, that there are links between BP's catastrophic 2010 oil spill and a spate of dolphin deaths since the spill. The study is part of a wide-ranging assessment of ecological damage caused by the spill. BP has rejected that contention and said necropsies of dolphins and "other information reveal there is no evidence" to make the link between the spill and dolphin deaths. (AP Photo/Cain Burdeau)

Researchers say BP oil spill contributes to dolphin illnesses, deaths

on
The latest findings mark an “important piece in the chain of evidence” linking an uptick in deaths since early 2010 to the BP oil rig disaster that spewed more than 200 million gallons of crude oil into the Gulf of Mexico, researchers said.
Kirk Coburn, founder and managing director of Surge Ventures, introduces speakers at an event for Houston tech entrepreneurs seeking inroads into the oil and gas industry. ( Mayra Beltran / Houston Chronicle )

Tough times in oil patch raise prospects for tech startups

on
The collapse in crude prices is fueling an appetite for new ideas to produce oil more efficiently, positioning Houston entrepreneurs for a boom of their own
This photo provided by the Santa Barbara County Fire Department shows an oil slick from a broken pipeline off the central California coast near Santa Barbara on Tuesday.   (Mike Eliason/Santa Barbara County Fire Department via AP)

Oil pipeline spills off California coast

on
The pipeline, which is operated by Plains All American Pipeline LP, has been shut off.
Categories: Environment, Pipelines
Linn Energy execs ring closing bell at Nasdaq

Linn Energy among hardest hit E&Ps on Wall Street

on
Jeff Tillery, Houston-based managing director and head of research at Tudor, Pickering, Holt & Co., said Linn’s dip in value made sense because the large offering coincided with a bad day for oil prices.
Two donkeys run through a pasture in front of wind turbines in Calumet, Okla. (AP File Photo/Sue Ogrocki, File)

Taller turbines could unlock more wind power, new government report finds

on
A new government report finds that taller wind turbines could help the U.S. vastly expand its wind-generated electricity, throwing new weight behind a wind industry push to reach higher into the air.
Oil wells in the Franja del Orinoco region of Venezuela (Houston Chronicle)

Harvest Natural Resources stock spike could signal interest from a buyer

on
Harvest CEO James Edmiston said a sharp increase in the price of its battered shares could indicate a buyer is looming, but said the company has received no offers.
(Paul O'Driscoll/Bloomberg News)

Shell agrees to sell its French LPG business

on
Shell, which is increasingly focusing on oil and liquefied natural gas with its planned acquisition of BG Group, said it is in exclusive talks to sell its subsidiary, France-based Butagaz LPG, to Ireland-based DCC Group, which largely focuses on LPG distribution throughout Europe.
The J. W. McLean offshore drill rig, operated by Transocean Ltd., stands anchored in the Cromarty Firth beyond the prow of the offshore pipelay vessel Deep Energy, operated by Technip SA, in Invergorgon, U.K., on Wednesday, Aug. 6, 2014. (Photographer: Simon Dawson/Bloomberg)

Transocean idles three more rigs amid crude slump

on
Offshore driller Transocean has idled three more deep-water rigs, bringing its number of out-of-work units to 14, it said Monday, as the oil slump continued to hammer the drilling market.