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Workers on Statoil's Maersk Developer platform in the Gulf of Mexico (Photo: Helge Hansen/Statoil)

Statoil says higher petroleum tax risks harming investments

Posted on May 6, 2013 at 6:58 am by Bloomberg in Finance/Earnings
Statoil ASA (STL) said the government’s unexpected move to raise taxes on oil companies risks harming investments and casts doubt over the long-term predictability of the framework for offshore production.  More »
John Towns, owner of the Sweetwater Saloon talks about fracking coming to the area where he has lived all his life and watched friends and neighbors move away, in Golconda, Ill. He says oil drilling would not bother him a bit. Southern Illinoisans have hopes and fears surrounding the high-volume oil and gas drilling that may be starting in the Shawnee National Forest. Many people are beginning to brace for change as state lawmakers consider regulations that would allow energy companies to begin drilling deep in the southern Illinois bedrock for oil and natural gas, using a process known as high-volume hydraulic fracturing, or “fracking,” that has transformed the landscape in places like North Dakota and Pennsylvania. (AP Photo/Seth Perlman)

Scenic, struggling S. Illinois braces for oil rush

Posted on May 6, 2013 at 6:56 am by Associated Press in Crude oil
This is the Illinois that many people never see — the sparsely populated southern tip where flat farmland gives way to rolling hills, rocky outcrops, thick forests and cypress swamps.  More »
Tugboats pull an LNG tanker to Cheniere Energy's Sabine Pass terminal in 2008. (Nick De La Torre / Houston Chronicle)

Cheniere: LNG facility ahead of schedule

Posted on May 6, 2013 at 6:53 am by Associated Press in LNG
Cheniere Energy Inc. says construction is ahead of schedule on the first two units of its Sabine Pass liquefied natural gas facility, with around 26 percent of the work complete as of March 31.  More »
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The Palisades nuclear power plant, located in Covert Township, Mich., is seen. On Sunday, May 5, 2013, the plant?s operators said a water leak led them to take it off line. The plant is owned by New Orleans-based Entergy Corp. and has been under extra scrutiny by the Nuclear Regulatory Commission after numerous safety issues and shutdowns. (AP Photo/The Herald-Palladium, John Madill, file)

Palisades nuke power plant shuts after water leak

Posted on May 6, 2013 at 6:51 am by Associated Press in Nuclear
Operators of the Palisades Nuclear Power Plant in southwestern Michigan removed it from service Sunday morning because of a water leak from a tank, which last year caused seepage into the control room.  More »
Floorhand Juan Mata, 32, of Alice, Texas walks back to the rig after talking with the toolpusher at the start of the overnight shift at a drilling site in Frio County, Sunday, Jan. 20, 2013. (Jerry Lara/San Antonio Express-News)

New jobs and energy gains helping lift US economy

Posted on May 6, 2013 at 6:28 am by Associated Press in Jobs
A stronger-than-expected April rebound in job creation and recent dramatic discoveries of vast U.S. oil and gas reserves are helping to lift the American economy out its long funk.  More »
Tesco's Directional Liner Drilling System enables drillers to simultaneously drill and case a hole with a liner, therefore eliminating time spent with an open hole. Workers check liner hanger before it is run in a well. The technology will be featured at the Offshore Technology Conference. (Courtesy of Tesco.)

Tesco 1Q profit falls, revenue beats Street’s view

Posted on May 6, 2013 at 6:15 am by Associated Press in Finance/Earnings
Tesco Corp. said Monday that its first-quarter net income fell 39 percent, hurt by reduced rig activity in North America.  More »
In this Feb. 18, 2013 file photo, North Carolina Gov. Pat McCrory delivers the State of the State address at the Legislative Building in Raleigh, N.C. Nearly four months into his job as North Carolina’s governor, McCrory’s former employer, he Charlotte-based law firm Moore & Van Allen, is receiving unaccustomed public attention for its behind-the-scenes role in some of the state’s biggest news stories of the year.(AP Photo/Ted Richardson, file)

McCrory visiting Texas to talk offshore energy

Posted on May 6, 2013 at 6:05 am by Associated Press in OTC
Gov. Pat McCrory is visiting an offshore energy trade conference in Texas to try to help build momentum for drilling off the coast of North Carolina and other states.  More »
A Petrohawk Energy Co. drilling site at the Eagle Ford Shale in McMullen County. (Jake Lacey)

Opinion: The oil and gold booms are over

Posted on May 6, 2013 at 6:01 am by Bloomberg in Crude oil
The wreckage caused by China’s great, juddering slowdown continues to spread far beyond the country’s shores. Although most commodities enjoyed a bounce on May 3, after better-than-expected U.S. employment data, the plunge in their prices over the past few months suggests the past decade’s rally is truly broken.  More »
Hans Wagner, president of ClampOn, holds a particle monitor at the company's Houston office Friday May 03, 2013.(Dave Rossman photo)

Norwegian innovators bring North Sea technology to the Gulf

Posted on May 6, 2013 at 5:00 am by Emily Pickrell in Europe, featured, OTC
The move of offshore drilling into ever-deeper waters, and the accompanying technical challenges, have been a boon to Norwegian technology companies.  More »
@OTCHouston via Twitter: The Annual OTC Dinner is tonight on the floor of Reliant Stadium!

OTC makes a splash with opening dinner

Posted on May 5, 2013 at 8:40 pm by Emily Pickrell in featured, OTC
Reliant Stadium was decked with replicas of jellyfish and marine-green streamers, a nod to the underwater focus, as the 2013 Offshore Technology Conference kicked off its third annual dinner.  More »
A BHP Arkansas natural gas project using Superior Energy Services' CATS automated technology for various completion components.

OTC Spotlight Award: Superior rig improves automated completions

Posted on May 5, 2013 at 2:30 pm by FuelFix.com in OTC
Superior Energy Services’ new Complete Automated Technology System rig conducts well completion with automated machinery, improving efficiency and safety.  More »
Offshore Energy Center's Ocean Star museum. It's a former working rig converted into a museum in Galveston. (Offshore Energy Center)

Offshore Energy Center named OTC dinner beneficiary

Posted on May 5, 2013 at 2:00 pm by Houston Chronicle in Entertainment, OTC
What started as the conversion of an abandoned drilling rig into an energy museum has evolved into the centerpiece of an organization that touches not only the offshore industry but the community as well.  More »
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