Fuel Fix

A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Cameron sells offshore jack-up rig business for $100 million

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Categories: Deals, featured, Offshore
Cameron International Corp. has agreed to sell off its offshore jackup rig business for $100 million to a Singapore rig contractor, the companies announced Monday.

Cameron sells offshore jack-up rig business for $100 million

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Categories: Deals, featured, Offshore
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)
Cameron International Corp. has agreed to sell off its offshore jackup rig business for $100 million to a Singapore rig contractor, the companies announced Monday.
(ALEXANDER KLEIN/AFP/Getty Images

Oil surges as OPEC signals it’s open to “fair and reasonable” prices

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U.S. crude prices shot up nearly $4 a barrel after OPEC said in a monthly publication it is ready to speak to other oil producers to achieve “fair and reasonable” prices.
Categories: Crude oil, featured, Markets
(AP Photo/Mike Groll)

Denton fracking ban campaign most expensive in city history

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Groups clashing over Denton’s fracking ban proposition have raised more money than in any campaign in the city’s history.
(Matthew Lloyd/Bloomberg)

BP has “buyer’s remorse” over spill deal, opponents tell Supreme Court

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BP wants the Supreme Court to review a multibillion-dollar settlement relating to the 2010 Gulf of Mexico oil spill because the company now regrets making the deal, plaintiff’s lawyers say in asking the high court to reject BP’s motion.
Gov. Rick Perry, shown in June, said Wednesday that  “If energy is going to be used as a weapon, America needs to have the largest arsenal." (AP Photo/Rex C. Curry)

Perry seeks unlimited natural gas and oil exports

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“The first order of business to restore balance in Europe is for America to build an energy shield to protect our strategic allies,” the Texas governor said.
KiOR's facility in Columbus, Miss. (KiOR)

KiOR fights ex-director as debt nears due date

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A former director of biofuel maker KiOR says he tried to warn other board members about problems with KiOR’s technology to turn wood chips into an oil substitute, claims that could damage the company’s defense in shareholder lawsuits and a Securities and Exchange Commission investigation.
(AP Photo/Charlie Neibergall)

GOP Railroad Commission candidate suggests water conservation

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AUSTIN — Oil and gas companies should work together to conserve water in Texas, the Republican candidate for the state Railroad Commission said in a position paper on Wednesday. But he stopped short of suggesting any state action to compel them. “In key areas, where water shortage is experienced and oil and gas operators have […]
Categories: Politics/Policy, Texas
(ssalonso/Flickr)

Shareholder suit seeks to block Encana’s purchase of Athlon Energy

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A new lawsuit brought by a shareholder of Forth Worth-based Athlon Energy hopes to block Encanca Corp.’s $7.1 billion acquisition of the Texas oil company.
Categories: Deals, General, Legal issues
Yellow oil barrels

Rising crude supplies send oil futures down

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Oil for November delivery decreased $1.47, or 1.7 percent, to $87.38 a barrel.