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

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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

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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

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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.

This 2007 file photo shows the U.S. Coast Guard icebreaker Healy leaving Seattle for a scientific mission in the Arctic that included breaking ice well north of Barrow, Alaska. (AP Photo/Ted S. Warren, File)

Nations jockey for Arctic position, US not in lead

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Nations across the world are hurrying to stake claims to the Arctic’s resources, which might be home to 13 percent of the world’s undiscovered oil and 30 percent of its untapped natural gas.
NOAA's Environmental Response Management Application for the Arctic

Q&A: Dormant issues thaw along with a melting Arctic

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By Deb Riechmann,  Associated Press WASHINGTON (AP) — The United States and other nations face many challenges and opportunities in the Arctic, a frozen frontier where melting ice is creating new shipping lanes, opening up access to massive oil, gas and mineral deposits, threatening coastal villages and posing possible future security threats. Key questions and […]
Categories: Arctic, Canada, General

(Cody Duty / Houston Chronicle)

Pipeline from Oklahoma to start shipping Jan. 22

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The pipeline is the southern leg of TransCanada’s proposed Keystone XL pipeline.
(Image: Fotolia)

Oil ends the year below $99 a barrel

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A stronger dollar has been keeping a cap on oil prices.
Categories: Crude oil, Gasoline
A train derailed and caught fire west of Casselton, N.D., Monday, Dec. 30, 2013. (AP Photo/Ken Pawluk)

Safety questions after North Dakota derailment

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No one was hurt when the mile-long BNSF Railway train derailed Monday afternoon.
Categories: Accidents
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Chevron shuts in shallow facility after leak

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Chevron has shut in one of its platforms in the Gulf of Mexico after detecting a leak at the site.
Categories: Accidents
Rep. Bill Flores, R-Bryan. (AP Photo/Waco Tribune Hearld, Duane A. Laverty)

Texas Republican trades energy stocks

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As a former oil industry executive and a member of the House Natural Resources Committee, Texas Rep. Bill Flores is at the center of big debates about offshore drilling, hydraulic fracturing and domestic energy supplies. He also is a big trader in energy stocks.
Categories: Politics/Policy