A New Orleans judge ordered jurors to disregard some testimony, but declined to declare a mistrial in the case of a former BP drilling engineer from Katy who is accused of obstruction of justice in the aftermath of the 2010 Gulf of Mexico oil spill. More »
A subsidiary of Denver producer QEP Resources has agreed to buy oil and gas properties in West Texas’ Permian Basin for $950 million, a move to hike the oil on its books, the company said Monday. More »
Houston-based Valerus announced Monday that it has agreed to sell its field solutions unit to Kentz Corporation Limited for $435 million in cash and form a separate company with its remaining business lines. More »
Oil and gas companies will spend more money in 2014 than they ever have to explore for and produce oil and gas, with $723 billion expected to fund the global effort, according to projections from Barclays. More »
The Mexican energy reform proposal released Saturday afternoon offers the critical terms sought by international investors, offering overseas companies the right to share in risks and rewards of Mexican exploration, an analyst said Sunday. 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.