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

on
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

on
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

on
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

Al Monaco, president and CEO of Enbridge, Inc. ( Brett Coomer / Houston Chronicle )

Does a 1,000-mile, international pipeline need a permit?

on
Enbridge insists its planned $7 billion pipeline doesn’t require a presidential permit. But the reality may be less clear.
AFP PHOTO / Karen Bleier

Official: Canadian oil won’t hurt ND production

on
The director of the North Dakota Pipeline Authority says proposed increases of crude from Canada’s oil sands likely won’t have an impact on the state’s soaring oil production.
An Eagle Ford well near Kenedy, Texas. (Eric Gay/AP)

The Dallas Fed says energy industry remains ‘solid’

on
The latest Beige Book from the Federal Reserve Bank of Dallas is out, and it said the energy industry “remains solid” with healthy demand for oil field services.
(Fotolia)

Labor union comes out against oil exports

on
The United Steelworkers on Monday declared its opposition to exporting American crude, siding with refiners who say it would hike oil prices and pare their margins.
Categories: Markets, Politics/Policy
Money Roll

Report: Oil exports and higher royalties should go together

on
The Obama administration would shortchange taxpayers if it heeds the oil industry’s calls to lift a 39-year-ban on exporting U.S. crude without first hiking the royalty rate companies pay the government for drilling on federal lands, according to a new report.
Categories: Politics/Policy
Photo:  gizmodo.fr

Marrying tablets and Google Glass to increase the efficiency of oil & gas field operations (video)

on
For these reasons, I have started to program what I’m calling for now a “Digital Tally Book”; eventually it will be a standalone application for field engineers, as well as an easy way to send relevant content to the Google Glass device.
(Photo: freegreatpicture.com)

United Rentals buying Texas pump rental company

on
United Rentals says it’s buying National Pump, the second-largest pump rental company in North America, for $780 million.