Fuel Fix

Gulf Coast refiners are importing less foreign crude, according to a new report. (Valero Energy photo)

Gulf Coast crude imports fall to lowest level in 6 years

Advances in technology have unleashed vast new supplies of U.S. oil, reducing the nation’s need for foreign crude.  More »
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Crowdfunding sites inspire amateur energy inventors

Online crowdfunders like Kickstarter and Indiegogo have produced a few successful technology and media startups. But the sites are also home to thousands of amateur inventors with big ideas that ultimately fail.  More »
The OneSubsea exhibit booth at the 2014 Offshore Technology Conference. (Collin Eaton/Houston Chronicle)

OneSubsea gets $270 million for Pemex’s first deepwater subsea field

OneSubsea announced Monday that it won a $270 million contract to develop a subsea production system for Pemex that will serve the first deepwater subsea field developed by Pemex, Mexico’s national oil company.  More »
Targa Resources is provider of midstream natural gas and NGL services. Targa employees are working at the Galena Park terminal. Photo: NA / HC

Targa Resources to acquire Atlas for $5.9 billion

The acquisition will create a company with a presence in four of the top five basins by active rig count.  More »
(AFP PHOTO / ALEXANDER KLEINALEXANDER KLEIN/AFP/GettyImages)

Iraq follows Saudi price Cuts as Brent oil falls with WTI

Iraq will sell its Basrah Light crude to Asia at the biggest discount since January 2009.  More »
(AP Photo / Kent Skibstad, NTB scanpix)

Statoil sells stake in Azerbaijan gas project

Norwegian energy company Statoil says it has sold its stake in the Shah Deniz gas project in Azerbaijan to Malaysian company Petronas for $2.25 billion.  More »
(Image: Halava)

Houston oil firm in North Sea files for bankruptcy protection

Disruptions at its oil fields in the U.K. North Sea and a high level of debt have driven Houston-based Endeavour International to file for Chapter 11 bankruptcy.  More »
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Pipeline leaks brine in Lake Sakakawea tributary

Houston-based Oasis Petroleum Inc. reported the spill, The Environmental Protection Agency said it had no confirmed reports that the saltwater reached Bear Den Bay on Lake Sakakawea.  More »
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Holiday drivers closest to paying $3 gasoline in 4 years

With deep declines expected in gasoline prices this holiday season, Thanksgiving drivers should have one less thing to worry about on the busiest travel day of the year.  More »
BP's Atlantis platform in the Gulf. (BP image)

BP: $256 billion lawsuit against it should stay dead

BP says a recently unearthed government report has no bearing on whether a judge should retry a $256 billion lawsuit over safety compliance issues at one of its deep-water production platforms in the Gulf of Mexico.  More »
Oil Barrels

Oil prices rise but are still in bear territory

Oil for November delivery rose 43 cents, or 0.5 percent, to $86.20 a barrel on the New York Mercantile Exchange.  More »
A worker hangs from an oil derrick outside of Williston, N.D., in 2011. State data show that 1 billion barrels of oil have been produced from the rich Bakken shale formation in western North Dakota and eastern Montana.  (AP Photo/Gregory Bull, File)

Sinking oil prices may stifle deals, M&A expert says

With oil prices at their lowest point in years, the rate of mergers and acquisitions is slowing and oil firms are pulling back on international investments.  More »
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