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.

The Texas Panhandle sky silhouettes a Linn Energy drilling rig in Wheeler County. (Linn Energy)

Linn Energy settles suit with shareholders over Berry deal

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Houston producer Linn Energy reached a settlement last week with shareholders who had opposed its acquisition of Berry Petroleum Co., the company said in regulatory filings Tuesday.
Categories: Deals
Commissioner Brandon Presley votes on a number of administrative actions including joining the other commissioners to unanimously reject a merger proposal by Entergy Corp. and ITC Holdings Corp. (AP Photo/Rogelio V. Solis)

Mississippi regulators reject Entergy-ITC merger

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The merger request also was filed with regulators in the other areas that Entergy serves — including Texas.
Categories: Electricity

Robert Kaluza, a BP well site leader from the Deepwater Horizon oil rig explosion, enters Federal Court before he is arraigned on manslaughter charges in New Orleans in November 2012. AP Photo/Gerald Herbert)

Judge tosses some charges in BP supervisors’ case

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But the judge refused to dismiss 11 other counts of involuntary manslaughter.
Categories: Gulf oil spill
(Norm Betts/Bloomberg)

Canada wages soar 60% higher than US amid labor shortage

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Energy companies trying to raise almost $50 billion for Canada’s first network of natural gas export terminals will face an even more basic challenge: finding the workers to build them.
Categories: Canada, LNG, Workforce
John Podesta, shown in 2009. (AP Photo/Eric Jamison, File)

Keystone foe John Podesta joins Obama inner circle

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John Podesta’s return to the White House places an opponent of the Keystone XL pipeline within President Barack Obama’s inner circle as the administration weighs whether to approve the project.
Former BP engineer Kurt Mix leaves the federal courthouse after a hearing in Houston in 2012. (AP Photo/Pat Sullivan, File)

Judge denies mistrial request in spill case

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A New Orleans judge ordered jurors to disregard some testimony, but declined to declare a mistrial in the case of a former BP drilling engineer from Katy who is accused of obstruction of justice in the aftermath of the 2010 Gulf of Mexico oil spill.
(Image: Fotolia)

Oil rises above $98 on hopes for greater demand

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The price of oil rose Tuesday amid optimism over an improving U.S. economy and encouraging data from China.
Categories: Crude oil, Markets