Fuel Fix

Drilling at Marathon Oil Corp.'s operations in the Eagle Ford Shale formation in South Texas. (Marathon Oil)

Eagle Ford booms to the tune of $87 billion

Economic activity related to oil and gas exploration in South Texas is up 43 percent in just the last year in the region.  More »
A drilling rig in the Utica Shale. (Chesapeake)

Total to sell stake in Utica midstream business for $450 million

A day after revealing plans to sell $10 billion in assets by 2017, French oil giant Total announces plans to sell its stake in a Utica Shale project.  More »
(AP Photo/Nati Harnik, File)

Buckeye Partners opening Port of Albany terminal to Canadian oil sands shipments

The Houston-based MLP said the rebuilt terminal will open this spring and would be ready for rail shipments of tar sands oil by the third quarter of 2014.  More »
(AP Photo/Hasan Jamali, File)

OPEC yet to decide on supply cuts as crude prices extend retreat

OPEC has yet to decide to cut its production target, the United Arab Emirates’ energy minister said, as crude prices extend a slide since June amid a boom in U.S. shale oil and signs of slower demand growth in China.  More »
A lineman at the Houston Ship Channel. LNG company NextDecade is hoping to build an export facility in nearby Galveston to take advantage of the shipping lane. Photo by Lou Vest.

Galveston port sets aside 185 acres for proposed LNG plant

Trustees signed an “option to lease” agreement for the property with a subsidiary of Woodlands-based NextDecade, a privately owned company focused planning to build a $6 billion liquefaction plant on the small island north of Galveston, said Port Director Michael Mierzwa said.  More »
(Ken Childress/EOG Resources)

Condensate production booming, but fight over definition limiting exports, EIA official says

The director of the U.S. Energy Information Administration said that U.S. production of condensate, a light oil separated from natural gas, has never been higher. But a fight over the substance has kept exports low.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron seeks buyer for Hawaiian refinery

Chevron hired an investment banking firm to identify potential buyers interested in its Hawaiian assets, which include the refinery in Kapolei on the island of Oahu, a pipeline that connects the refinery to a terminal in Honolulu and five terminals across the Hawaiian islands.  More »
Robert Murray, founder and chairman of Cleveland-based Murray Energy Corp. (AP file photo/Salt Lake Tribune, Jim Urquhart)

Coal mogul Murray says more bankruptcies possible

The CEO of Murray Energy Corp. targeted environmental regulation for the coal industry’s woes in his stump speech at an industry conference in Pittsburgh on Monday.  More »
John D. Rockefeller co-founded Standard Oil Company. His descendants have decided to divest the philanthropy of fossil fuels, the New York Times reported.

Oil-rich Rockefellers plan to divest from fossil fuels

After building their fortune on oil, the Rockefeller family is joining growing chorus of philanthropies, foundations, religious groups and pension funds pledging to sell assets tied to fossil fuels, the New York Times reported Sunday.  More »
TOTAL S. A. CEO Christophe de Margerie speaks at the IHS CERAWeek energy conference in Houston on March 4, 2014. (Mayra Beltran/Houston Chronicle)

Total announces plans to sell $10 billion in assets by 2017

French energy giant Total SA will sell $10 billion of assets from 2015 to 2017, the company announced at an event for analysts Monday, as part of a broader strategy designed to promote financial discipline within the company.  More »
iNOV Grant Prideco's Engineering Technology Center Sept 18, 2014. A worker at the combined load frame.  (Billy Smith II / Chronicle)
Publication History: 	Publication: The Houston Chronicle
PubDate: 9/21/2014 - PageNo: 1 - Section: D - Edition: H6 - CIMAGEID: 131712669
Caption: An employee checks machinery at NOV Grant Prideco's engineering technology center. It's part of National Oilwell Varco.


NOV completes leadership, business unit shuffle

National Oilwell Varco saw a lot of change in 2014, following the naming of its new CEO and the reorganization of its business units.  More »
Joe Kaeser, chief executive officer of Siemens AG. (Krisztian Bocsi/Bloomberg)

Siemens CEO: Dresser-Rand deal provides connection to oil epicenter

Siemens AG’s $7.6 billion deal to buy Houston’s Dresser-Rand Group is about more than collecting gas turbines and super-sonic engines: It’s about getting access to Houston, the epicenter of executive power in U.S. oil and gas, the German conglomerate’s chief executive said Monday.  More »
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