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

A series of pipes direct natural gas in Bismarck, North Dakota. (Daniel Acker/Bloomberg)

US energy boom demands $641B in infrastructure, study finds

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Companies will need to invest $641 billion over the next two decades in pipelines, pumps and other infrastructure to keep up with the gas, crude oil and natural gas liquids flowing from U.S. fields, according to a study released Tuesday.
(Photo: Fotolia)

Oil leak found in southwest Ohio nature preserve

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Fire officials say oil leaked into a southwest Ohio nature preserve from a crude oil pipeline.
Categories: Accidents, Environment
(Image: Fotolia)

Hedge funds cut record bets on crude as inventories gain

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Expanding U.S. oil supplies and production spurred hedge funds and other speculators to cut record bets on rising West Texas Intermediate crude prices.
Categories: Crude oil, Markets
In this Feb. 5, 2014 file photo, Amy Adams, North Carolina campaign coordinator with Appalachian Voices, shows her hand covered with wet coal ash from the Dan River swirling in the background as state and federal environmental officials continued their investigations of a spill of coal ash into the river in Danville, Va. (AP Photo/Gerry Broome, File)

Federal grand jury looks into Duke Energy spill

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A federal grand jury planned to convene Tuesday as part of a widening criminal investigation triggered by the massive Duke Energy coal ash spill that coated 70 miles of the Dan River with toxic sludge.
Categories: Accidents, Coal, Environment
(Vincent Mundy/Bloomberg)

Tackling gas corruption means potatoes for Ukraine’s poor

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The new Ukrainian government soon will need its poor to pay even more for power and gas as it wrestles with protracted economic and political crisis.
Activisits hang a banner outside the Fessenheim nuclear power plant in eastern France on Tuesday, March 18, 2014. More than 60 Greenpeace activists have occupied the nuclear plant to protest the nation's reliance on atomic power.(AP Photo/Greenpeace, Joerg Modrow )

Greenpeace activists occupy French nuclear plant

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Police have surrounded a nuclear plant in eastern France after more than 60 Greenpeace activists occupied it Tuesday to protest the nation’s reliance on atomic power.
Categories: Environment, Nuclear
Oil prices pulled back Wednesday after reaching highs for 2015 on Tuesday.

Oil prices gain on US economic outlook

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The price of oil edged up Tuesday as strong U.S. factory output boosted the outlook for the world’s biggest economy.
Categories: Crude oil, Markets