Fuel Fix

John B. Hess, chairman and chief executive officer of Hess Corp. (F. Carter Smith/Bloomberg News)

Hess announces plans to proceed with $6 billion Gulf project

The announcement comes at a time when many observers have questioned what sliding oil prices will mean for the future of the oil industry.  More »
Shell used the drillship Noble Discoverer for its 2012 drilling in the Chukchi Sea north of Alaska.  (Jennifer A. Dlouhy / The Houston Chronicle)

Oil companies want more time for Arctic drilling

Three oil companies with billions invested in Arctic drilling leases are pleading with the Obama administration for extra time to hunt for crude under waters north of Alaska, but so far, federal regulators have been skeptical.  More »
permian basin

Anadarko-affiliated partnership to pay $1.5 billion for Permian midstream company

Western Gas Partners, a partnership formed by Anadarko, will pay $1.5 billion cash for Nuevo Midstream, a Houston-based  midstream company focused on gathering, processing and moving oil and gas from the Permian Basin.  More »

(AP Photo/Richard Drew, File)

Commentary: Lower crude prices aren’t all bad for the industry

Lower crude prices bring benefits to the industry.  More »
The Deepwater Millennium drillship  works on an Anadarko Petroleum Corp. project in the Rovuma Basin off the coast of Mozambique. (Anadarko Petroleum Corp.)

Anadarko profits jump on U.S. oil production

Anadarko Petroleum Corp.’s net income surged fivefold in the third quarter.  More »
Yellow oil barrels

Oil futures rise with consumer confidence report

Oil for December delivery rose 42 cents, or 0.5 percent, to settle at $81.42 a barrel on the New York Mercantile Exchange.  More »
Chenieretour

Cheniere’s Sabine Pass terminal nearing finish line

As companies scramble to announce new plants and expansion projects to capitalize on abundant supplies of cheap, natural gas, Cheniere Energy is nearly finished with the first phase of its liquefaction export terminal.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Texas panel amends disposal well rules over earthquake concerns

As of Nov. 17, disposal well operators must research U.S. Geological Survey data for a history of earthquakes within 100 square miles of a proposed well site before applying for a permit.  More »
ONEOK

ONEOK buys Chevron NGL pipelines for $800 million

The deal gives the company 2,600 miles of natural gas liquid gathering pipelines from southeast New Mexico to Mont Belvieu.  More »
(Ken Childress)

Noble Energy sees net income double in Q3

Noble Energy said it hit a sales volume record while prices remained high, though the company missed analysts’ expected earnings per share.  More »
(Matthew Lloyd/Bloomberg)

BP CFO: $70 oil would threaten Big Oil projects

The Big Oil industry’s prized projects won’t face major cuts unless oil prices fall below $70 a barrel, BP’s chief financial officer told investors on Tuesday.  More »
Gas pump (AP Photo/Amy Sancetta)

Mercedes drivers stung by shale boom’s quirks at the pump

The shale oil boom is proving far less kind to Mercedes-Benz drivers than it is to those sitting behind the wheel of a Toyota Camry or Chevrolet Impala.  More »
(AP Photo)

Barclays cuts oil-price forecasts on world supply surplus

Barclays Plc cut its oil-price forecasts for the second time this month, citing expectations that OPEC won’t cut supplies sufficiently to remove a global surplus.  More »
AnteroLogo

Antero Resources’ midstream IPO looks for $788 million

Antero Resources Corp. launched its master limited partnership with a Monday initial public offering, as the company looks to become the latest producer to show its midstream assets to investors  More »
The Securities and Exchange commission charged a Houston oil-and-gas exploration and production company with making false claims about its oil reserves.

Layne Christensen to pay SEC $5.13M over bribery allegations

The Securities and Exchange Commission alleged the Woodlands-based company had spent nearly $800,000 to pay off foreign government officials in Mali, Guinea and the Democratic Republic of the Congo.  More »
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