Fuel Fix

Shell's Arctic drilling vessel the Noble Discoverer arrives in Everette on Tuesday, May 12, 2015. (Daniella Beccaria, seattlepi.com)

Records detail equipment failure on Arctic drilling rig

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Categories: Arctic, featured
The records, provided by the U.S. Coast Guard in response to a Freedom of Information Act request, also describe a botched fire drill by the crew of another Shell-contracted drilling rig months before it began boring an exploratory oil well in the Chukchi Sea.

Records detail equipment failure on Arctic drilling rig

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Categories: Arctic, featured
Shell's Arctic drilling vessel the Noble Discoverer arrives in Everette on Tuesday, May 12, 2015. (Daniella Beccaria, seattlepi.com)
The records, provided by the U.S. Coast Guard in response to a Freedom of Information Act request, also describe a botched fire drill by the crew of another Shell-contracted drilling rig months before it began boring an exploratory oil well in the Chukchi Sea.
(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

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The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.

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PetroChina wins dismissal of securities lawsuit in U.S.

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U.S. District Judge Edgardo Ramos in Manhattan dismissed the case, agreeing with China’s largest oil and gas producer that the investors failed to make a plausible argument that PetroChina’s annual reports contained statements that were false or misleading at the time they were made.
Categories: Asia, Legal issues
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

MRC Global cuts more jobs as profits dip

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MRC Global said Monday it has now cut 680 jobs total dating back to last year as the oil-field pipes, valves and fitting supplier has adapted to the low oil price environment.
(Daniel Acker/Bloomberg)

NextEra Agrees to Buy Texas Gas Pipelines for $2.1 Billion

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By buying closely held NET Midstream, NextEra Energy Partners will gain the ability to ship 3 billion cubic feet of Texas shale gas a day, with the potential to expand that by 1 billion cubic feet, the company said in a statement Monday.
Categories: Deals, Pipelines
US President Barack Obama delivers remarks at a Clean Power Plan event at the White House in Washington, DC, August 3, 2015. (JIM WATSON/AFP/Getty Images)

Obama touts Clean Power Plan; opponents ready their lawsuits

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President Barack Obama said the unprecedented carbon dioxide limits are the “the single most important step” America has ever taken to fight climate change.
Frank Springett, vice president of engineering of the pressure control group for National Oilwell Varco, 6390 N. Eldridge Parkway, talks about the riser joint that connects the blowout preventer subsea to the drilling rig shown Thursday, April 18, 2013, in Houston. (Melissa Phillip/Houston Chronicle)

Oil field companies cutting 276 more jobs in Texas

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National Oilwell Varco and Cal Dive International, two oil field service companies based in Houston, are cutting a combined 276 jobs in Texas this month, state regulators said Monday.
Dave Lesar, third from right, chairman and CEO of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City. (Photo by Spencer Platt/Getty Images)

Halliburton faces more scrutiny over Baker Hughes deal from Justice Department

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Just as Baker Hughes did last month, Halliburton said it has responded to a second round of antitrust questions from the Justice Department, without giving details about what was asked.
(AP Photo/Richard Drew)

Oil’s slide continues into August

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Monday’s slide follows a bearish July, when concerns that the glut of oil may not be easing sparked a sell off and erased gains crude had posted in May and June.