Fuel Fix

(AP Photo/J. Scott Applewhite)

Senate vote on Keystone XL set to be close

The latest drama over Keystone XL is headed into its final act, as the Senate prepares to vote on legislation that would authorize the pipeline. And it’s likely to be a nail biter.  More »
Iraq's Minister of oil and President of the Conference Abdul-Kareem Luaibi Bahedh talks with Secretary General of OPEC Abdalla Salem El-Badri of Libya, from left. (AP Photo/Ronald Zak)

Goldman says OPEC in dilemma as output cut seen helping U.S.

While the slide in prices into a bear market increases the chances of a reduction, trimming output by more than 500,000 barrels a day would mean further cuts are needed starting 2016 as higher prices prompt more U.S. drilling.  More »
(Eddie Seal/Bloomberg)

Shale drillers keep output high despite oil price decline

Companies said they expect to pump more from their prime properties while cutting back in their least productive prospects.  More »

Exterran Holdings CEO Brad Childers poses for a portrait on Wednesday, June 4, 2014, in Houston. ( J. Patric Schneider / For the Chronicle )

Exterran to spin off international, fabrication businesses

Exterran Holdings will narrow its business focus by spinning off its international compression services and fabrication businesses, the company announced today.  More »
Michael O'Mara

Halliburton-Baker Hughes deal would rank among top 20 energy deals of last 20 years

Data shows that the 20 biggest oil and gas deals of the last century have all been announced since 1998.  More »
(AP Photo/The Star Tribune, Elizabeth Flores, File)

Dayton: Pipelines part of solution to rail backlog

Heavy rail traffic originating from North Dakota’s oil fields has long been blamed for the shipping delays that have affected farmers and coal and propane suppliers throughout the Midwest.  More »
(AP Photo/Richard Drew)

10 things to know about the Halliburton-Baker Hughes deal

Regulators, shareholders and employees’ whose jobs could be in limbo have all already expressed concern about the implications of the complex deal.  More »
Maria das Graças Silva Foster, CEO of Petrobras

Petrobras to create department to fight corruption

Around two dozen people including a top company executive, were arrested late last week.  More »
(AP Photo/Rockford Register Star, Brent Lewis)

Natural gas well positioned for coming winter, industry group says

America’s Natural Gas Alliance, an industry group that represents producers, said that a large investment in infrastructure and a rapid buildup in inventories has made more natural gas available this winter than last, despite 2014’s cold winter that left storage of the fuel at decade-long lows.  More »
The Baker Hughes research and development building in Tomball, Texas. (Todd Spoth/For the Chronicle)

Executives mum about what the Halliburton-Baker Hughes deal means for jobs

Officials at Halliburton and Baker Hughes have remained tight-lipped about what today’s transaction means for jobs at the two oilfield services companies.  More »
Halliburton CEO Dave Lesar (Melissa Phillip/Chronicle)

Halliburton CFO: Already identified buyers for businesses it may sell

Executives said the company has plans to capture $2 billion by improving operations and reorganizing personnel, mostly in North America.  More »
The topsides are lowered onto the spar hull at the Tubular Bells field in the Gulf of Mexico. (Photo: Hess Corp.)

Hess, Chevron see first oil flow at Tubular Bells

Hess Corp.’s quest to harvest crude from its Tubular Bells field in deep Gulf of Mexico waters has culminated in oil now flowing at a massive production facility 45 miles from shore.  More »
Iran's Minister of Petroleum Bijan Namdar Zangeneh (AP Photo/Hans Punz)

Oil slide prompts Iran’s oil minister to visit UAE

OPEC producers have stepped up their diplomatic visits before the group’s meeting in Vienna, potentially seeking a consensus on how to react to oil prices at a four-year low.  More »
BPsign

BP asks judge to cap spill penalties at $12 billion

BP wants a federal judge to cap its potential oil-spill pollution fines at a maximum of $12.3 billion, a move that would cut away nearly a third of the penalties U.S. prosecutors are seeking for the Deepwater Horizon disaster.  More »
(Photo: Johnny Hanson/Houston Chronicle file photo)

Halliburton to buy Baker Hughes for $34.6 billion

Halliburton will buy Baker Hughes for $34.6 billion in a cash and stock transaction that marks one of the biggest oil-field services combinations ever.  More »
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