Oil Field

Upstream news: exploration and production, oil field services
A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

BP puts Texas Panhandle assets on market

BP is taking bids on its rights to about 280,000 gross acres of natural gas-rich properties in the Texas Panhandle, a spokesman said late Tuesday.  More »
(Mathew Sumner/San Francisco Chronicle)

Drilling suspended after waves strike rig

Anadarko Petroleum suspended drilling while it evaluates the status of a Gulf of Mexico drilling rig hit by heavy waves Tuesday morning.  More »
(Rice University photo)

Texas crude production hits highest level since 1980

An index that measures oil and gas activity in Texas reached a record level last month, bolstered by rising production and wellhead prices.  More »
Fitz Acheson, welding market segment engineer for Climax, demonstrates the company's BB5000 line boring machine during the grand opening of its new Houston facility near Hobby Airport. The tool is compact to work in spaces too restrictive for most boring machines, according to Climax.

Equipment company expands to Houston (photos)

Oregon-based Climax Portable Machine & Welding Systems has opened its first Houston facility, the company’s latest move to capitalize on the region’s energy boom.  More »
Photo: Timothy A. Clary/AFP/Getty Images

Feds announce plan to auction 21 million Gulf acres

The rights to drill in 21.4 million acres of the western Gulf of Mexico will be put on the auction block this August, the Obama administration said Tuesday.  More »
Yellow oil barrels

Oil down slightly ahead of Ukraine meeting

The price of oil fell to near $103 a barrel Tuesday ahead of talks aimed at defusing tensions between the West and Russia over Ukraine.  More »
(AP Photo/Skagit Valley Herald, Scott Terrell)

Cleanup to begin at site of Pennsylvania derailment

Cleanup is scheduled to begin Tuesday at the site of a train derailment in northeastern Pennsylvania.  More »
Cranes stand at the construction site for Southern Co.'s Kemper County power plant near Meridian, Mississippi, on Feb. 25, 2014. The facility will be the only U.S. commercial power plant that will capture its own carbon emissions. (Gary Tramontina/Bloomberg)

Coal’s best hope is costly power plant in Mississippi

Rising from the scrub pines of central Mississippi is a $5.2 billion construction project that may determine the future of coal in the age of global warming.  More »
A giant sign for OAO Gazprom stands above a building in Moscow. (Andrey Rudakov/Bloomberg)

Gazprom assures Europe gas supply; German firm starts deliveries to Ukraine

The head of Russian gas giant Gazprom told a European energy leader Tuesday that it will continue to provide a reliable supply of natural gas to the European market, according to Reuters.  More »
GloriEnergyImage3

Houston oil field biotechnology firm to go public

Glori Energy wants to combine an influx of public capital and biotechnology to revamp old, nearly infertile U.S. sandstone reservoirs in a bid to free up some 8 billion barrels of stranded oil it has targeted.  More »
Aerial photo of a well pad in southwestern Pennsylvania. (Photo courtesy Dana Caulton)

Study raises new concerns about emissions from shale gas wells

Researchers found higher-than expected emissions of a potent greenhouse gas emanating from Pennsylvania wells, according to a study published Monday that adds to concerns about the environmental footprint of natural gas.  More »
(Nabors photo)

Nabors yields to investors on severeance pay limit, chief roles

U.S. land driller Nabors Industries will split the role of chairman and CEO after its current chief Anthony Petrello relinquishes his post, one in a series of moves announced Monday to yield to shareholder demands.  More »
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