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

Yellow oil barrels

Oil dips; natural gas soars on supply report

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Natural gas futures jumped 40 cents, or 8 percent, to $5.22 per 1,000 cubic feet.
Coal ash is scooped up on a canoe paddle from the bank of the Dan River as state and federal environmental officials continued their investigations of a spill of coal ash in Eden, N.C. (AP Photo/Gerry Broome)

Federal authorities investigate coal ash spill

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A Duke spokesman confirmed the nation’s largest electricity provider received a subpoena.

Categories: Coal, Environment
Oil cleanup workers hired by BP pick up oil on the beach in Gulf Shores, Ala., in July 2010. (AP Photo/Dave Martin)

Way cleared for medical claims in 2010 BP spill

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The medical settlement is separate from a larger economic damages settlement, which remains the subject of an appeal.

Categories: Gulf oil spill
(AP Photo/Brennan Linsley)

Methane emissions higher than federal estimates, study shows

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National methane emissions are up to 75 percent higher than the Environmental Protection Agency has previously estimated, according to a study to be published Friday.
Rep. Doc Hastings, a Republican from Washington state, and the chairman of the House Natural Resources Committee, speaks at a news conference. (Andrew Harrer/Bloomberg)

Retirement sets off leadership shuffle on House resources panel

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Republican Doc Hastings on Thursday announced he would not seek reelection after two decades in the House of Representatives, sparking big questions about who might succeed him as chairman of the House Natural Resources Committee.
Categories: People, Politics/Policy
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Phillips 66 Partners strikes first acquisition deal for $700M

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An energy transportation company spun out of Phillips 66 reached a deal Thursday to buy 681 miles of pipeline and two propylene storage units for $700 million.
(Photo: Mathijs B/Flickr)

Cameron worker missing at site of burning well

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State environmental officials and expert firefighters brought in by Chevron monitored a burning Marcellus Shale natural gas well, where a worker employed by Houston-based Cameron International was missing.
Categories: Accidents