Fuel Fix

A dynamic positioning and marine environment simulator used for simulation and training on exhibit in the Jelec booth at the Offshore Technology Conference at the NRG Center Tuesday, May 5, 2015, in Houston, Texas. (Gary Coronado / Houston Chronicle)

Major offshore vessel contractor could be in the market for acquisitions, CEO says

on
The CEO of vessel contractor Tidewater says the oil bust could be an opening to scoop up smaller rivals in marine services as corporate consolidations could help offshore firms cope with the downturn.

Major offshore vessel contractor could be in the market for acquisitions, CEO says

on
A dynamic positioning and marine environment simulator used for simulation and training on exhibit in the Jelec booth at the Offshore Technology Conference at the NRG Center Tuesday, May 5, 2015, in Houston, Texas. (Gary Coronado / Houston Chronicle)
The CEO of vessel contractor Tidewater says the oil bust could be an opening to scoop up smaller rivals in marine services as corporate consolidations could help offshore firms cope with the downturn.
(ALEXANDER KLEIN/AFP/Getty Images

OPEC seen backing Saudi Arabia’s plan to keep supplies elevated

on
Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the majority of fellow members, who advocated output reductions to tackle a global glut.

iraq1116_PH1

US officials: Iran enters Iraqi fight for key oil refinery

on
The Iranian role was not mentioned in a new U.S. military statement asserting that Iraqi security forces, with U.S. help, had managed to establish a land route into the Beiji refinery compound.
Categories: Middle East
14390948602_3760b172b7_o

Fire on Gulf oil platform forces evacuation of 28 workers

on
The Coast Guard reported a light sheen of oil could be seen from the air along a more than one-mile stretch of water. Also, about 4,000 barrels of crude oil is stored on the platform.
Categories: Accidents, Offshore

Oil Boom Shifts The Landscape Of Rural North Dakota

S&P: Producers could face more serious cash crunch by year end

on
In a report released Friday, Standard & Poor’s Rating Service said it has downgraded credit ratings for oil companies 26 times this year and has only issued three upgrades. And its gloomy assessments will likely continue to stay well ahead of positive ones over the next year, especially if capital market investors and lenders pull back in coming months.
Categories: Finance/Earnings, Shale
Clean up crews this month remove oil-laden sand on the beach at Refugio State Beach, site of an oil spill, north of Goleta, Calif.  (AP Photo/Michael A. Mariant)

Plains All American: Finding cause of California oil spill could take months

on
Bad weather slowed cleanup efforts early Friday at the spill site in Santa Barbara County, where gusty winds whipped up waves as high as 4 feet, the National Weather Service said.
Oil Boom Shifts The Landscape Of Rural North Dakota

Despite dramatic drop in rigs, Bakken’s sweet spots remain attractive

on
The Bakken has seen a dramatic decline in horizontal rigs since prices collapsed last year, but the play’s sweet spots remain attractive, especially as oil prices begin to inch upward, a new analysis finds.
Categories: Shale
Saudi Arabia's Minister of Petroleum and Mineral Resources Ali Ibrahim Naimi leaves the hall during the opening day of the 10th Arab energy Conference in Abu Dhabi, United Arab Emirates, Sunday, Dec. 21, 2014. (AP Photo/Kamran Jebreili)

Saudi oil supply outpaces rivals in grab for record China demand

on
Record imports by China are contributing to a recovery in benchmark oil from a six-year low amid speculation the purchases will help shrink the global supply glut that drove crude’s collapse in 2014.
Categories: Asia, Crude oil, Middle East
Original byline: Jim Blecha/

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

on
The most recent deal comes on the heels of Vanguard’s announcement in April that it will acquire LRR Energy LP for more than $250 million.
Categories: Crude oil, Deals, featured, Shale