Fuel Fix

Helix Well Containment Group equipment was deployed in a drill at a Noble Energy test well in May, with federal regulators and industry representatives looking on. (Photo: Noble Energy)

Helix CEO: Producers canceling offshore contracts despite termination fees

The Houston offshore service firm probably won’t make deep cuts to its workforce of 1,600 to cope with the downturn in oil prices, its CEO said, but he acknowledged there “may be some opportunity.”  More »
Photographer: David Paul Morris/Bloomberg

Enable Midstream to cut 10 percent of its workforce

Enable’s main offices are located in Oklahoma city, but the company operates its interstate pipeline segment in Houston.  More »
(AP file photo/Hasan Jamali)

Saudi-Dow Chemical moving forward on $20 billion plant

Saudi Arabia, the world’s largest crude exporter, started the petrochemical project in 2011 when oil averaged $111 a barrel.  More »
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The Helix Q4000 was deployed in September 2010 in the Gulf of Mexico during the BP oil spill. (AP file photo/Patrick Semansky)

Helix earnings down 78 percent

Offshore services company Helix Energy Solutions Group’s earnings fell 78 percent in the fourth quarter, the company reported Monday, largely the result of more of its vessels sitting unused.  More »
Logo and registered trademark of Phillips 66 Partners.

Phillips 66 sells pipelines to related partnership for $1 billion

Phillips 66 Partners will buy two pipelines running from oil fields to refineries, and one carrying refined products from the Gulf Coast to the Midwest.  More »
(credit: Flickr)

Energy execs say their projects are budget busters

Most energy industry executives say their projects fail to come in on-budget, according to a new survey by consulting firm AlixPartners.  More »
Rig hands thread together drilling pipe at a hydraulic fracturing site located atop the Marcellus shale rock formation in Washington Township, Pennsylvania, on Oct. 31, 2013. (Ty Wright/Bloomberg)

Congressional Democrats seek to step up fracturing oversight

Of particular concern is making sure their waterways are not contaminated by waste.  More »
A Canadian Pacific Railway Ltd. train transporting oil leaves Hardisty, Alberta, Canada. (Brett Gundlock/Bloomberg)

Canada Pacific rail and Teamsters agree to arbitration, ending strike

Canadian Pacific Railway and the Teamsters Canada Rail Conference agreed to go into mediated arbitration, ending a strike that began over the weekend, Labor Minister Kellie Leitch said. As a result, Canada’s federal government will no longer be pursuing back-to-work legislation, Leitch said at a press conference in Ottawa on Monday. “The strike is over,” Leitch said. “My expectation is that people return to work quickly.”  More »
Rep. Joe Barton, R-Texas (AP Photo/Haraz N. Ghanbari)

Joe Barton: Momentum building for oil exports

Low gasoline prices provide a political opening for lifting the oil export ban, says Rep. Joe Barton, R-Ennis.  More »
Steven L. Newman, president and chief executiver officer of Transocean Ltd., testifies on Capitol Hill about the oil leak in the Gulf of Mexico in Washington, D.C., U.S., on Thursday, May 27, 2010. (Photographer: Brendan Hoffman/Bloomberg News)

Transocean CEO steps down

The CEO of offshore driller Transocean has stepped down effective Monday under a “mutually agreed” decision between him and the board.  More »
(Ulf Bodin/Flickr)

Canadian National’s main line shuts after crude cars derail

The train of 100 cars, all carrying crude from Canada’s oil-producing region of Alberta to eastern Canada, derailed just before midnight Saturday in a remote and wooded area about 30 miles north of Gogama, Ontario, Canadian National Railway nspokesman Patrick Waldron said in an e-mail  More »
(U.S. Fish and Wildlife Service via The New York Times)

BLM clears way for petroleum reserve development

The decision is a shift from the alternative that BLM had earlier selected as its preferred option. But it aligns with the alternative chosen by the U.S. Army Corps of Engineers.  More »
Louisiana. Gov. Bobby Jindal and oil industry leaders condemned the suit as an attack on a vital industry. (AP Photo/ Richard Shiro)

Judge tosses coastal damage suit against oil companies

The Southeast Louisiana Flood Protection Authority-East had claimed that coastal drilling and dredging activities contributed to the loss of coastal wetlands.  More »
Yellow oil barrels

Brent crude settles over $60 a barrel in London

West Texas Intermediate oil for March delivery advanced $1.57 to settle at $52.78 a barrel on the New York Mercantile Exchange.  More »
TransCanada CEO Russ Girling talks about the future and present of the company's pipeline before an event at Ford Park in Beaumont on Wednesday.  (Guiseppe Barranco/@spotnewsshooter)

TransCanada plans another cross-border pipeline

But unlike the Keystone XL project that has been ensnared in controversy, the proposed Upland pipeline would transport oil away from the United States — as much as 70,000 barrels a day of North Dakota crude that now moves by rail to refineries in East Canada.  More »
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