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
(Photo: Drew from Zhrodague/Flickr)

Missouri rule on track to hike ethanol blend in gasoline

on
A proposed rule allowing the sale of gasoline with a 15 percent ethanol blend has been on hold since last October when it was temporarily blocked by a Missouri legislative committee.
Categories: Biofuels, Gasoline
A new oil well operates on the outskirts of Parshall, N.D. (AP Photo/James MacPherson, File)

Hundreds propose places to protect from drilling

on
The North Dakota Industrial Commission received more than 500 comments from the public on a proposal for places deemed worthy of special protection from energy development.
Ambassador Kåre Aas says that of places in the United States, "Houston is the main center for Norwegian commercial activities." (Emily Pickrell/Houston Chronicle)

Q&A: Norway’s new ambassador makes early stop in Houston

on
In an interview with FuelFix, the new ambassador discusses Norway’s interests in Houston and the fund that Norway created for investing its oil wealth.
Categories: Arctic, Europe
(Nick de la Torre/Houston Chronicle)

IHS CERAweek draws energy luminaries to Houston summit

on
Tempered growth in major emerging economies will loom over a massive energy symposium this week when industry power brokers assemble in Houston to analyze rising competition and geopolitical threats to global markets.
Categories: CERAWeek, featured
(Photo: Fotolia)

Iraq official says oil exports jump in February

on
Iraq’s daily oil exports surged to 2.8 million barrels per day in February, some half million barrels more than in the previous month.
Oil prices pulled back Wednesday after reaching highs for 2015 on Tuesday.

Oil ends month with 5 percent gain; pump price up

on
For all of February, oil gained $5.10 a barrel.
Categories: Crude oil
An Exterran Partners midstream compressor. (Exterran)

Exterran to buy Chesapeake assets for $360M

on
Natural gas services contractor Exterran Partners said Friday it plans to buy hundreds of midstream compression units from Chesapeake Energy for $360 million.
Categories: Deals, Natural gas