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.

(ALEXANDER KLEIN/AFP/Getty Images

Several energy ministers say no OPEC cut needed

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Ministers from Saudi Arabia, Kuwait and Iraq said OPEC needn’t cut production next year to make room for additional supplies from Iran, Libya and U.S. shale oil.
Oil Barrel

Oil rises on improved U.S. economic growth

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Benchmark U.S. oil rose 28 cents to close at $99.32.
Categories: Crude oil, Gasoline

Plains All American announces $120 million in Eagle Ford projects

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Plains All American Pipeline has announced $120 million in capital projects for the Eagle Ford Shale region, including a new natural gas liquids fractionator. The fractionator, expected to be operational in the second quarter of 2015, will be able to process up to 15,000 barrels per day of natural gas liquids, the Houston-based company announced […]
Categories: Uncategorized
(Plains All American)

Plains All-American to expand Eagle Ford presence

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Plains All American Pipeline has announced $120 million in capital projects for the Eagle Ford Shale region, including a new natural gas liquids fractionator.
As U.S. crude production nears records, the oil industry is pushing for relaxed rules on oil exports.  (AP Photo/Orlin Wagner)

Oil industry takes aim at export ban

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The oil industry is fighting back against allegations that it is looking to recruit another country to challenge the U.S. ban on exporting American crude.
Categories: Politics/Policy
LEDBulb_small

Bigger homes, more gadgets not stopping drop in power use

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U.S. electricity sales are on track to fall again in 2013, likely marking the fifth time in six years that Americans have bought less power than the year before, according to the U.S. Energy Information Administration.
Categories: Electricity
Holly Corp.'s Woods Cross Refinery in Utah.

Doctors seek to block oil refinery expansion

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A group of doctors concerned about air pollution is asking Utah regulators to put a hold on a major oil refinery expansion.
Categories: Environment, Refining