(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.
(Schlumberger handout photo)

Schlumberger will still be biggest following Cameron deal

Schlumberger, with $48.6 billion in revenue in 2014, will still be the biggest oil field services company in the world after its deal with Cameron closes.
(AP file photo/Keith Srakocic)

Environmental groups threaten lawsuit over drilling wastewater rules

Under existing federal law, the Environmental Protection Agency is obligated to review and possibly revise regulations governing the handling of oil and gas waste every three years. But the agency’s last review was 27 years ago.
Niels Koppel touches a Cameron Evo 20K BOP, a blowout preventer, at Cameron's booth at the Offshore Technology Conference at Reliant Center Monday, May 6, 2013, in Houston. (Cody Duty / Houston Chronicle)

Analysts: Schlumberger’s bid for Cameron “makes sense”

Analysts now hail the decision by the two companies to form a joint venture called OneSubsea as the precursor to Schlumberger’s plans announced Wednesday to acquire Houston-based Cameron, a major oilfield equipment and technology company.
Categories: Deals, General
Pipelines run toward oil storage tanks stand at the Enbridge Inc. Cushing storage terminal in Cushing, Oklahoma, U.S., on Wednesday, March 25, 2015. (Daniel Acker/Bloomberg)

Oil closes lower as global fears outweigh inventory draw

The U.S. Energy Information Administration said that the amount of oil in U.S. tanks fell by 5.5 million barrels last week.
Harold Hamm, chairman and chief executive officer of Continental Resources Inc., speaks during the 2015 IHS CERAWeek conference in Houston, Texas, U.S., on Tuesday, April 21, 2015. CERAWeek 2015, in its 34th year, will provide new insights and critically-important dialogue with decision-makers in the oil and gas, electric power, coal, renewables, and nuclear sectors from around the world. (Aaron M. Sprecher/Bloomberg)

Oil export ads launched as Congress nears vote on foreign crude sales

Oil export fans and foes are taking to the airwaves for the first time with advertisements addressing the issue, ahead of key votes on Capitol Hill.
An undated handout photo of a Skycatch quadcopter, which can locate malfunctioning panels at solar power plants. Drones from Skycatch and more established companies are monitoring power lines, inspecting oil and gas pipelines, checking wind turbines for defects and pinpointing malfunctioning solar panels. (Christian Sanz/Skycatch via The New York Times) -- NO SALES; FOR EDITORIAL USE ONLY WITH STORY SLUGGED ENERGY DRONES BY TODD WOODY. ALL OTHER USE PROHIBITED. --

Drones and data could dominate future oil fields

Oil companies are increasingly turning to the tech industry for nontraditional ideas that could help them cut costs.
Categories: featured, Technology
Leonardo Mendoza, of Key Energy Services, guilds a drill pipe from a well at an EnerVest oil field Tuesday, May 10, 2011, in rural Fayette County. ( Brett Coomer / Houston Chronicle )

Key Energy splits CEO and chairman jobs, names successors for both positions

The Houston-based, oil-field services company said Chairman and CEO Dick Alario is giving up the top board seat immediately and retiring next year. President and Chief Operating Officer Robert Drummond, who just joined the company in June, will assume the CEO role no later than the end of 2016. Independent board member Mark Rosenberg, whose background is in private equity firms, is the new chairman.
(AP photo/Brennan Linsley)

Encana sends Louisiana shale assets to private venture in $850 million deal

Encana Corp. said Tuesday it will sell $850 million of Louisiana shale play acreage to a partnership between a closely held Woodlands oil and gas driller and a private equity firm.
Linn Energy CFO Kolja Rockov (far left) and and then-Senior Vice President of Business Development David Rottino (far right) pictured with other Linn executives in front of the NASDAQ exchange in New York City in 2011. (Linn Energy handout)

Linn Energy CFO steps down

The company has struggled after oil prices plummeted in 2014, and is once more under pressure following this month’s slide back below $40 per barrel.