Fuel Fix

FMC Technologies' subsea equipment has helped fuel the company's growth. (Photo: Johnny Hanson/Houston Chronicle)

From ropes to bolts, everything is bigger at OTC

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Categories: featured, OTC
All of the products needed for deepwater development are engineered at a level beyond what most other industries require.

From ropes to bolts, everything is bigger at OTC

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Categories: featured, OTC
FMC Technologies' subsea equipment has helped fuel the company's growth. (Photo: Johnny Hanson/Houston Chronicle)
All of the products needed for deepwater development are engineered at a level beyond what most other industries require.
Priyank Mehta tests a Aker Solutions operations chair created to control the drill equipment from the surface. Monday, May 5, 2014, in Houston. ( Marie D. De Jesus / Houston Chronicle )

The best oil and gas tech at OTC 2015

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The first two days of the annual mega conference featured some amazing tech, from simulators to turbines to giant ropes.
Categories: featured, OTC

NuclearCost

Some leaders souring on nuclear power costs

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As the cost of building a new nuclear plant soars, there are signs of buyer’s remorse.
Categories: Nuclear
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ExxonMobil begins its defense in MTBE case

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Lawyers for ExxonMobil begin presenting their defense against the state of New Hampshire’s claims that the oil giant should pay hundreds of millions of dollars to clean up groundwater contamination from the gasoline additive MTBE.
Categories: Legal issues

A crew works on a Marcellus Shale drilling rig to produce natural gas. (AP Photo/Keith Srakocic)

NY fracking health study news draws cheers, jeers

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While opponents of fracking are pleased at a report that Gov. Andrew Cuomo will wait for a Pennsylvania health study before deciding whether to allow drilling, landowners are preparing to sue New York over lost gas-leasing opportunities and an industry group warned Sunday that a business exodus from the state will worsen.
Transocean's Discover Seven Seas

Transocean restores dividend after pressure from investor Icahn

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Transocean Ltd. (RIG), the owner of the Deepwater Horizon rig that exploded while drilling in the Gulf of Mexico in 2010, reinstated dividend payments following pressure from billionaire shareholder Carl Icahn.
Categories: General
A worker monitors water in Talmadge Creek in Marshall Township, Mich., near the Kalamazoo River as oil from a ruptured pipeline, owned by Enbridge Inc., is attempted to be trapped by booms. Federal investigators are expected to present their findings Tuesday, July 10, 2012 on the likely cause of a pipeline rupture that spilled more than 800,000 gallons of crude oil into the river nearly two years ago. (AP Photo/Paul Sancya, File)

Enbridge declines to pay for 2 more spill studies

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A company responsible for a 2010 pipeline rupture that spilled more than 800,000 gallons of oil into a southwestern Michigan river has refused to pay $800,000 to complete two new studies to assess the spill’s damage.
Categories: Crude oil, Pipelines
In this Thursday, March 24, 2011 photo, a cluster of houses is seen in Port Harcourt in Nigeria's Delta region.  (AP Photo/Sunday Alamba)

Shell: Nigeria pipeline spills caused by thieves

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Royal Dutch Shell PLC says a major pipeline it has in Nigeria has come under repeated attack by thieves wanting to steal the crude oil it transports.
Categories: Pipelines

Number of Spanish jobless tops 5m

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Minister says declining rate of increase in Spanish unemployment is a source of optimism but analysts warn that a fall is not on the horizon
Categories: Uncategorized
Oil from the Deepwater Horizon spill floats on the water as the sky is reflected in sheen on Barataria Bay, off the coast of Louisiana, in this June, 7, 2010 file photo. A high-stakes trial to assign blame and help figure out exactly how much more BP and other companies should pay for the spill began Monday, Feb. 25, 2013. (AP Photo/Charlie Riedel, File)

BP report didn’t mention safety-test talk, witness says

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BP Plc’s report about its investigation of an oil spill that fouled the Gulf of Mexico didn’t mention a conversation between two company officials about a key safety test the night of the blast, an executive testified.
Categories: Gulf oil spill

S Korea’s Park apologises for deadlock

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South Korea’s opposition has blocked moves to allow President Park Geun-hye to form her first cabinet and forced the resignation of a key adviser
Categories: Uncategorized

Japex to take 10% Canada LNG stake

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Japan Petroleum Exploration is to pay about $1bn for share of Petronas-led project as Japanese importers scramble to lock down supplies
Categories: Uncategorized

Confident HSBC lifts dividend

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Global bank reports 6% fall in full-year pre-tax profit to $20.6bn, reflecting pullback from some far-flung operations and a $1.5bn fine in the US
Categories: Uncategorized

Transocean poised to restart dividends

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World’s largest offshore drilling contractor by market value plans its first dividend for more than a year, as it responds to pressure from Carl Icahn
Categories: Uncategorized

Kuroda vows to take swift action at BoJ

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The man who has been nominated to be the next Bank of Japan governor says he will take all necessary measures to ‘beat deflation’
Categories: Uncategorized
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Mexico’s ruling party backs energy reform

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Nearly 5,000 members of the Institutional Revolutionary Party unanimously at their national convention to remove language in the party’s platform that for years had opposed injecting private money in Petroleos Mexicanos, or Pemex.
Categories: General, Politics/Policy

Peña Nieto expands power as reform beckons

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Mexico’s ruling party has substantially increased the president’s power and cleared the way for an ambitious agenda of economic reforms
Categories: Uncategorized