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 Schramm worker operates the control room of a Telemast rig. West Chester, Pa-based Schramm, which maintains a sales representative in Houston to raise its profile in the Permian Basin and other western oil and gas plays, introduced a horizontal-drilling Telemast model in July 2013. (Schramm)

Pennsylvania driller adds Houston rep to boost shale business

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Producers in unconventional oil plays are pushing to drill more wells with each rig they hire, and that has drilling companies upgrading their equipment to make it lighter, nimbler and more powerful.
Categories: Production
A rig drills in the shale region of West Virginia for a Statoil project. (source: Statoil)

Investor activism threatening oil industry amid shale worries

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Well-heeled investors who control a growing block of money behind the North American energy surge have stepped up their bid to wring profits from oil companies, steering capital away from projects and toward dividends.

Clayton Williams Energy sells Eagle Ford acreage

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Midland-based Clayton Williams Energy said today it has sold its Austin Chalk and Eagle Ford Shale wells and acreage for $71 million. The wells and leases are in Wilson, Brazos, La Salle, Frio and Robertson counties. They accounted for about 5 percent of the company’s oil and gas production at the end of 2013. The […]
Categories: Uncategorized

AP reports: Crude-by-rail surges with shale

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From the Associated Press: The number of carloads of crude oil U.S. railroads delivered last year surged 83 percent over 2012 as concerns about the shipments grow. The Association of American Railroads said Thursday the major U.S. railroads delivered 434,042 carloads of crude oil in 2013. That’s well above the 236,556 carloads of crude oil […]
Categories: Uncategorized
John Wathen, an environmentalist with the Waterkeeper Alliance, gestures at the site of a train derailment and oil spill near Aliceville, Ala., on Wednesday, May 5, 2014. (AP Photo/Jay Reeves)

Oil mars swamp months after crude train crash

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The isolated wetland smelled like a garage when a reporter from The Associated Press visited last week, and the charred skeletons of burned trees rose out of water covered with an iridescent sheen and swirling, weathered oil.
Oil prices pulled back Wednesday after reaching highs for 2015 on Tuesday.

Oil prices edge up ahead of Crimea secession vote

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Crude still finished the week down more than 3 percent.
Categories: Crude oil, Markets
(Buller Photography)

Company overcomes major obstacles to complete lengthy interstate drill

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The 11,065-foot span is raising speculation that it was the longest horizontal length that ever has been drilled on land and under a river, one of the biggest obstacles Mother Nature can throw at a pipeline drill.
Categories: Natural gas, Pipelines