Fuel Fix

Phil McNabb of Oceaneering International shows off the WASP Atmospheric Diving System during the Offshore Technology Conference at Reliant Center in 2002. (Melissa Phillip/Chronicle)

Sixel: Networking opportunities at OTC

Take advantage of several ready-made networking opportunities at OTC.  More »
In Omaha, Neb., a protester raises signs opposing the Keystone XL pipeline in September 2010. (AP Photo/Nati Harnik)

TransCanada reports a drop in Q1 earnings

Pipeline and utility company TransCanada Corp. reported a decline in first-quarter profit, citing a mild winter and low natural gas prices as contributing factors in a net earnings report that missed analyst expectations.  More »
This image provided by the Glenrock Bird shows an out-of-control oil well spewing natural gas a few miles northeast of Douglas in east-central Wyoming on Wednesday April 25, 2012. A blowout occurred at the well Tuesday afternoon. More than 60 people living nearby evacuated from their homes while crews began work to plug the well with drilling mud and avoid an explosion. Nobody was hurt.(AP Photo/Glenrock Bird, Russ Dalgarn)

Company begins to plug blown Wyoming oil well

Workers at a blown oil well that’s been spewing large quantities of natural gas in eastern Wyoming have begun trying to plug the well with mud.  More »
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Calpine's Magic Valley project near Edinburg, Texas (Photo: Calpine)

Calpine 1Q loss narrows significantly

Power company Calpine Corp. said Friday that its first-quarter loss narrowed significantly due to lower expenses and debt costs.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron sticks with oil. And it pays off.

Chevron Corp. said today that profits rose 4.2 percent in the first quarter as it sold oil for higher prices.  More »
Offshore Technology Conference attendees pass by a wellhead display at the Weatherford International booth on May 5, 2011 at Reliant Park in Houston. (Photo: Melissa Phillip/Houston Chronicle)

Sixel: Tips for networking & job hunting, starting with what to wear

Conventions and trade shows aren’t just for getting new business or learning about new innovations in the industry. They’re also great networking opportunities. But it won’t work if you don’t make an effort to meet new people.  More »
An oil pump jack in motion. (AP Photo/Hasan Jamali)

Where will the price of crude oil and natural gas be in 5 years?

Of late, oil prices have been high while natural gas prices are low. Politics and economic changes across the world can quickly move oil up or down. Natural gas prices have been driven down by a glut of supply in the U.S.  More »
(Steve Campbell / Houston Chronicle)

Chairman shares insight into this year’s OTC

Steve Balint became chairman of Offshore Technology Conference 2012 after serving as a board member since 2008. A Tulane University-educated civil engineer, Balint has risen through the ranks at Royal Dutch Shell.  More »
OLD DO NOT USE  ConocoPhillips Chairman and Chief Executive Officer Jim Mulva speaks Thursday, April 7, 2011, at a breakfast meeting sponsored by the Make Alaska Competitive Coalition and the Resource Development Council in Anchorage, Alaska. (AP file photo/Dan Joling)

Shale gas ‘a blessing’ for U.S., Mulva says

Shale production has put energy independence a step closer for North America and revolutionized the continent’s global position in fossil-fuel production, ConocoPhillips CEO James Mulva said Thursday in his final public speech as head of the corporation.  More »
Sen. David Vitter, R-La., discusses offshore drilling with James Watson, the director of the Bureau of Safety and Environmental Enforcement. (Photo courtesy Vitter's office)

Offshore safety chief wants to zero in on results

Offshore federal regulators are bulking up enforcement staff and focusing more on industry safety results than on specific rules, the head of the new Bureau of Safety and Environmental Enforcement said at a meeting Thursday in Houston.  More »
Chad Deaton, former CEO of Baker Hughes, was honored Thursday as the International Citizen of the Year by the World Affairs Council of Houston. Photo: Melissa Phillip / © 2012 Houston Chronicle

Energy leader wins international award

Former Baker Hughes CEO Chad Deaton was recognized Thursday as the World Affairs Council of Houston’s Jesse H. and Mary Gibbs Jones 2012 International Citizen of the Year.  More »
This is an undated handout photo issued by Total E&P UK Ltd of Total's Elgin PUQ (Process/Utilities/Quarters)  platform. A two-mile exclusion zone has been set up around the offshore platform in the North Sea which has been evacuated after a gas leak, Tuesday, March 27, 2012. The leak on Total's Elgin PUQ platform, about 150 miles (241km) off the coast of Aberdeen, led to the evacuation of all 238 workers on Sunday. (AP Photo  / TOTAL E&P UK Ltd)

Total says gas leak will cut output as profit little changed

Total SA (FP), Europe’s third-largest oil producer, said second-quarter production would be cut by a gas leak in the North Sea as earnings in the first three months were weighed down by a weak refining market in Europe.  More »
Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, Tuesday, Nov. 8, 2005. (AP Photo)

Chesapeake’s outlook dims as board switches course on CEO loans

Shareholder confidence in Chesapeake Energy Corp. (CHK) sank to its lowest point since the 2008 global economic meltdown as company directors reversed course on the need to examine Chief Executive Officer Aubrey McClendon’s personal financial transactions.  More »
A large sign is seen in the front Sunoco'S Eagle Point refinery in National Park, N.J. (AP Photo/Mel Evans)

Sunoco closing to leave 2 refiners with 86% of East Coast market

Gasoline prices from Florida to Maine will probably rise after Sunoco Inc. (SUN)’s planned closing of a Philadelphia refinery this year makes the market less competitive, the American Antitrust Institute said.  More »
(AP Photo/Keith Srakocic)

NC lawyer: Landowners must take care on fracking

North Carolina landowners should be extremely careful when considering ceding drilling rights and legislators should require more information and protections for residents as the General Assembly evaluates whether to allow fracking, a state attorney said.  More »