Fuel Fix

Frank Springett, vice president of engineering, at National Oilwell Varco, 12950 West Little York, shown with pipe rams part of a lower BOP stack Thursday, Aug. 26, 2010, Houston. ( Melissa Phillip / Houston Chronicle )

National Oilwell may be weeks away from pair of acquisitions

National Oilwell Varco Inc. (NOV), the largest U.S. maker of oilfield equipment, may be weeks away from a pair of acquisitions valued between $250 million and $750 million.  More »
(AP file photo/Chris Gardner)

Official says mines can’t be complacent

If there’s one lasting cultural change Mine Safety and Health Administration Director Joe Main wants to make in both the federal agency and the industry it regulates, it’s ending the cycle of intensity and complacency.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Oil hovers above $96 ahead of key US jobs report

Oil prices hovered above $96 a barrel Friday in Asia as traders awaited a key jobs report for evidence about the strength of the U.S. economy.  More »

(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |02.03.12|

Energy secretary talks natural gas. Steffy says it’s time to worry if BP is keeping secrets. Sierra Club took $26 million from natural gas companies.  More »
The blowout preventer stack, right,  and lower marine riser stack, left, from the Deepwater Horizon explosion and oil spill, which was examined as evidence for federal investigations, are seen at the NASA Michaud Assembly facility in New Orleans. (AP Photo/Gerald Herbert)

Cameron reports 39 percent drop in 4Q net income

Oil equipment supplier Cameron International Corporation reported a 39 percent drop in its fourth quarter net income compared with last year’s fourth quarter results, a decline resulting from the company’s reliance on subsea drilling projects and costs associated with its recent acquisition of LeTourneau Technologies Drillings Systems.  More »
The Deepwater Nautilus was used to drill Shell's Appomattox discovery in the Gulf of Mexico. (Houston Chronicle file photo)

National Oilwell Varco reports 30 percent increase in Q4 earnings

National Oilwell Varco Inc. reported a nearly 30 percent increase in its fourth quarter earnings for 2011from the same time in 2010, as high oil prices and drilling competition in the shales have sharply increased demand for the company’s drilling and safety equipment.  More »
CERA

Sunoco chief executive will leave post March 1

Sunoco announced the move Thursday as it reported a net loss of $660 million before taxes for the fourth quarter.  More »
Natural gas drilling in the United States has led to far cheaper prices here than in Asia. Photo: Matt Nager / HC

Natural gas prices rise 6 percent

The decline was more than analysts expected, but the overall storage level of 2.97 trillion cubic feet remains well above five-year levels for this time of year.  More »
Sen. Lisa Murkowski, R-Alaska (AP photo)

Murkowski: Tough, uncertain road to approve Keystone XL

Sen. Lisa Murkowski said today Republicans were still hunting for must-pass legislation they could use as a vehicle for language that approves the Keystone XL oil pipeline.  More »
(Photo: Phil Hollman/Flickr)

Mid-Atlantic offshore wind clears environmental hurdle

Offshore wind-energy development cleared a major hurdle on Thursday as the Interior Department said it had determined that no major environmental or socioeconomic impacts would occur from leasing offshore areas off the mid-Atlantic coast.  More »
Shell's new Perdido oil and natural gas platform in the Gulf of Mexico.  ( Melissa Phillip / Houston Chronicle )

Shell losing $1 billion a year on U.S. Gulf drilling delays

Royal Dutch Shell Plc, Europe’s largest oil company, is losing about $1 billion a year from drilling delays in the Gulf of Mexico since the 2010 Macondo disaster.  More »
(Photo: Fotolia)

Watchdog group sues company, claims seven year spill

An environmental watchdog group is suing the company it blames for an oil spill 11 miles off the coast of Louisiana that allegedly has been flowing more than seven years.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Fracking rules on U.S. lands seen by Interior as state model

Federal rules for fracking on public lands, set to be released in a few weeks, may serve as a model for states to get companies to disclose the chemicals used in the drilling process, an Obama administration official said.  More »
Dow Chemical's petrochemical complex in Freeport is one of the largest in the world. (Dow Chemical)

Dow Chemical posts 4Q loss on charge

Dow Chemical Co. is feeling the impact of the slowing European economy, and seeing some weakness in North America as well.  More »
(Photo: Flickr, Caston_Corporate)

SandRidge Energy to buy Dynamic Offshore

SandRidge Energy Inc. agreed to buy closely held Dynamic Offshore Resources LLC, formed in 2008 by Riverstone Holdings LLC, for $1.28 billion to increase its oil reserves.  More »