Fuel Fix

A dynamic positioning and marine environment simulator used for simulation and training on exhibit in the Jelec booth at the Offshore Technology Conference at the NRG Center Tuesday, May 5, 2015, in Houston, Texas. (Gary Coronado / Houston Chronicle)

Major offshore vessel contractor could be in the market for acquisitions, CEO says

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The CEO of vessel contractor Tidewater says the oil bust could be an opening to scoop up smaller rivals in marine services as corporate consolidations could help offshore firms cope with the downturn.

Major offshore vessel contractor could be in the market for acquisitions, CEO says

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A dynamic positioning and marine environment simulator used for simulation and training on exhibit in the Jelec booth at the Offshore Technology Conference at the NRG Center Tuesday, May 5, 2015, in Houston, Texas. (Gary Coronado / Houston Chronicle)
The CEO of vessel contractor Tidewater says the oil bust could be an opening to scoop up smaller rivals in marine services as corporate consolidations could help offshore firms cope with the downturn.
(ALEXANDER KLEIN/AFP/Getty Images

OPEC seen backing Saudi Arabia’s plan to keep supplies elevated

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Crude plunged for eight of nine weeks prior to the group’s November gathering, when the kingdom faced down opposition from the majority of fellow members, who advocated output reductions to tackle a global glut.

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 )

Gas climbs this week but Thanksgiving still cheaper venture for drivers

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Despite an uptick this week, gasoline prices are heading down along with the price of crude, the Energy Department projects.
Categories: Gasoline

Pioneer testing “upper” Eagle Ford

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It’s not enough to try to keep track of the oil, condensate and natural gas drilling windows in the Eagle Ford Shale. Now the Irving-based Pioneer Natural Resources is among the companies talking about drilling the “upper” and “lower” portions of the formation. In its third-quarter call with analysts, Pioneer said it has drilled an […]
Categories: Uncategorized

ConocoPhillips exits third quarter making 130,000 Eagle Ford barrels daily

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ConocoPhillips’ Eagle Ford Shale production is up. A bunch. The Houston-based company said it was making around 126,000 barrels of oil equivalent per day in the Eagle Ford in the third quarter – up 66 percent compared with the same three months last year. It exited the quarter making 130,000 barrels per day, according to […]
Categories: Uncategorized
ConocoPhillips has completed the sale of its Menzel Lejmat North project in Algeria to Indonesian state-owned oil company Pertamina. (ConocoPhillips photo)

ConocoPhillips finalizes sale of Algerian assets for $1.75 billion

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Houston-based ConocoPhillips has closed the $1.75 billion sale of an Algerian business unit to Pertamina, an Indonesian state-owned oil company.
Categories: Crude oil
(Image: Fotolia)

WTI-Brent spread widens as U.S. stockpiles climb

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International benchmark crude oil is trading at a widening premium to the U.S. benchmark because of a surge in domestic supplies.
Categories: Crude oil
(Photo: Anadarko)

US oil producers rise in ranking of world’s largest

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State-owned energy giants and international supermajors continue to top lists of the world’s largest oil companies. But the U.S. shale revolution is beginning to make a mark as U.S. independent oil and gas producers rise in the ranks.
Categories: featured, Production, Shale
(Dadang Tri/Bloomberg)

Coal leads nation’s growing energy use

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The United States’ energy use is rebounding after a 2012 dip, with coal consumption leading the way, according to federal data released this week.
Categories: Coal