Fuel Fix

A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Cameron sells offshore jack-up rig business for $100 million

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Categories: Deals, featured, Offshore
Cameron International Corp. has agreed to sell off its offshore jackup rig business for $100 million to a Singapore rig contractor, the companies announced Monday.

Cameron sells offshore jack-up rig business for $100 million

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Categories: Deals, featured, Offshore
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)
Cameron International Corp. has agreed to sell off its offshore jackup rig business for $100 million to a Singapore rig contractor, the companies announced Monday.
(ALEXANDER KLEIN/AFP/Getty Images

Oil surges as OPEC signals it’s open to “fair and reasonable” prices

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U.S. crude prices shot up nearly $4 a barrel after OPEC said in a monthly publication it is ready to speak to other oil producers to achieve “fair and reasonable” prices.
Categories: Crude oil, featured, Markets

(AP Photo/Kevork Djansezian, file)

Occidental Petroleum to split, move to Houston

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Occidental Petroleum Corp. today announced its plans to move the company to Houston and spin-off another business that will be based in California.
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Oil industry seeks break on gasoline sulfur limits

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Oil industry lobbyists are making a last-ditch appeal to the Obama administration to soften looming new limits for sulfur in gasoline, warning that without changes, the mandates could send fuel costs up and force some refineries offline.
Categories: Environment, Gasoline
A Petronas logo is seen near its twin towers in Kuala Lumpur, Malaysia.  (AP file photo/Lai Seng Sin)

Exxon Mobil starts production at new field in Malaysia

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Exxon Mobil Corp. has started production at a new natural gas field off the coast of Malaysia, the company said late Thursday.
Categories: Asia, Natural gas
(Victor Dubreuil)

Nigeria orders audit for billions in missing oil revenue

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The Central Bank last year reported nearly $50 billion worth of oil sold by the state oil corporation had not been paid to the government.
Categories: Africa
Money Roll

Alaska spill-prevention account facing shortfall

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An account used for the cleanup of contaminated sites, non-emergency spill response and other activities soon will not have enough money to keep up with costs, the director of the state’s Division of Spill Prevention and Response told lawmakers Thursday.
Categories: Accidents, Arctic
(Image: Fotolia)

Oil price falls below $100

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Oil prices fell Friday as fresh U.S. economic data and higher-than-expected crude supplies pointed to weak demand.
Categories: Crude oil, Markets
(AP Photo/Chris Carlson)

Huge thermal plant opens as solar industry grows (photos)

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A windy stretch of the Mojave Desert once roamed by tortoises and coyotes has been transformed by hundreds of thousands of mirrors into the largest solar power plant of its type in the world, a milestone for a growing industry.
Categories: Solar