Fuel Fix

Joe Kaeser, CEO of Siemens, speaks during the IHS CERAWeek conference at Hilton Americas - Houston Wednesday, March 5, 2014, in Houston. ( Melissa Phillip / Houston Chronicle )

Siemens cuts multibillion dollar deal for Dresser-Rand

Investors in Dresser-Rand will get $83 a share on the deal. The company’s share price on Friday closed up $6.88 to $79.91 on the New York Stock Exchange. In a recent regulatory filing, Dresser-Rand said it had about $1.15 billion in debt. That would make the cash purchase price worth nearly $6.5 billion.  More »
David  Rainey, a former BP vice president during the Deepwater Horizon oil rig explosion, leaves Federal Court after being arraigned on obstruction of a federal investigation in New Orleans in November 2012.   (AP Photo/Matthew Hinton)

New indictment against former BP executive

Friday’s superseding indictment makes adjustments to existing obstruction of Congress and false statement charges against David Rainey.  More »
Cheniere Energy Partners' LNG import terminal on the Louisiana side of Sabine Pass. (Photo: Cheniere Energy)

Galveston eyed for $6 billion LNG export terminal

Galveston Wharves trustees Monday will consider leasing 185 acres on the northeast corner of Pelican Island to Next Decade, a privately owned company focused on developing two Texas LNG export facilities.  More »
Yellow oil barrels

U.S. crude falls for third day on dollar strength

Oil for October delivery dropped 66 cents to end at $92.41 on the New York Mercantile Exchange.  More »
A pro-Russian activist holds a Russian flag as he stands near a statue of Lenin during a rally in the eastern Ukrainian city of Donetsk on March 22, 2014. (AFP PHOTO/Alexander/Getty Images)

Russian oligarch owns big stakes in Dresser-Rand, potential Swiss buyer

Dresser-Rand Group and its potential Swiss industrial buyer have at least one thing in common: An ultra-rich Russian metallurgy and energy tycoon with ties to Moscow.  More »
US-ChemicalSafetyBoard-Logo

Agency can look at rig owner’s role in oil spill

Transocean had challenged the authority of the U.S. Chemical Safety and Hazard Investigation Board,  More »
(stockyimages)

Dresser-Rand talking to possible buyers

Dresser-Rand Group is in merger talks with at least one foreign industrial company, a potential suitor has confirmed, as talk that the Houston oil field equipment maker may sell pump its stock price.  More »
The chairman and chief executive officer

Exxon to halt Russian drilling in face of U.S. sanctions

The U.S. Treasury Department has given Exxon Mobil Corp. and other contractors a license to wind down operations in the Russian Arctic as the Irving-based company prepares to comply with U.S. sanctions banning joint-venture oil exploration in the area.  More »
Scotland's voters arrive at polling places in Edinburgh, Thursday, Sept. 18, 2014. Polls opened across Scotland in a referendum that will decide whether the country leaves its 307-year-old union with England and becomes an independent state. (AP Photo/David Cheskin)

Drillers can return to fight oil slump after Scotland’s ‘No’

After the failure of a referendum on Scottish independence, Shell and BP say they’ll continue working to combat an energy slump in the United Kingdom.  More »
Staff of Wild Well Control stand in front of the company's new 120-ton capping stack in Singapore. The device can be deployed worldwide in order to help plug out--of-control offshore wells. (Photo: Wild Well Control)

Wild Well unveils newest 120-ton capping stack

Houston-based Wild Well Control has stationed a capping stack in Singapore as part of its global system for responding to underwater well blowuts.  More »
(Flickr/SalFalko)

Bakken Shale speculator is charged with arranging murders

Federal prosecutors have accused the owner of a fracking venture of plotting the shooting death of his partner.  More »
University of Houston engineering students met with more than 100 employers Thursday.

For engineering students, first impressions count

As more than 100 companies — mostly in the energy sector — descended on the University of Houston Hilton for fall recruitment Thursday, Vita Como, senior director of the school’s engineering career center, has an important message: engineers are in demand, but first impressions count.  More »
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