Fuel Fix

Priyank Mehta tests a Aker Solutions operations chair created to control the drill equipment from the surface. Monday, May 5, 2014, in Houston. ( Marie D. De Jesus / Houston Chronicle )

The best oil and gas tech at OTC 2015

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Categories: featured, OTC
The first two days of the annual mega conference featured some amazing tech, from simulators to turbines to giant ropes.

The best oil and gas tech at OTC 2015

on
Categories: featured, OTC
Priyank Mehta tests a Aker Solutions operations chair created to control the drill equipment from the surface. Monday, May 5, 2014, in Houston. ( Marie D. De Jesus / Houston Chronicle )
The first two days of the annual mega conference featured some amazing tech, from simulators to turbines to giant ropes.
Attendees view a small scale model of an offshore platform in the Aker Solutions booth during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. ( Mayra Beltran / Houston Chronicle )

Some OTC exhibitors have stepped up their conference spending, even amid downturn

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While many companies have scaled back their presence this year amid a global oil collapse, others have still spent big.
Categories: featured, OTC
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Devon Energy reports $357 Q4 loss

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Devon reported a loss of $357 million, or 89 cents a share, down from a profit of $507 million, or $1.25 a share, for the same time period last year.
Categories: Natural gas

Russia’s missing billions revealed

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Sergei Ignatiev, central bank chief, exposes $49bn in illegal capital flight, more than half of which he says is controlled by ‘well-organised group’
Categories: Uncategorized

China jobs freeze as Apple cuts orders

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The electronics manufacturer suspends hiring plans in most of its Chinese factories as reduced orders prompt it to slow production of Apple’s iPhone 5
Categories: Uncategorized
(AP Photo/Steve Helber)

Republicans use gasoline-price angst to fuel attacks

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Republicans are tapping into anger over rising gasoline prices by launching a fresh attack on congressional Democrats for failing to offer a “serious solution” to the problem.
Categories: Politics/Policy
A coalition of environmental groups are airing a television commercial, under the header "Exxon Hates Your Children," attacking  oil industry tax breaks.

Exxon gets activists’ ad pulled from Fox News

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Exxon Mobil Corp. successfully got an advertisement that mocked the company removed from the airwaves hours before it was set to broadcast before and after the State of the Union last week.
Categories: Politics/Policy

Chesapeake review clears McClendon

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|Over 10 months, the board reviewed millions of pages of documents and conducted interviews with more than 50 people, before confirming its findings
Categories: Uncategorized

Our Investment Sinkhole Problem

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We are used to expecting that more investment will yield more output, but in the real world, things don’t always work out that way.
Figure 1. Comparison of 2005 to 2011 percent change in real GDP vs percent change in oil consumption, both on a per ca…
Categories: Uncategorized
Construction of Anadarko's gas processing plant south of Cotulla, Texas. (Tom Reel/San Antonio Express-News)

Anadarko spending plan targets US shale

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Anadarko Petroleum Corp. projected its sales of oil and gas will rise 5 percent in 2013 and the company will make between $7.2 billion and $7.6 billion in capital investments this year, it announced Wednesday.
Categories: Eagle Ford, Shale
Chesapeake Energy Corp. CEO Aubrey McClendon speaks during the opening of a compressed natural gas filling station in Oklahoma City in 2009. (AP Photo, File)

Chesapeake says CEO’s loans, emails, showed no wrongdoing

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Chesapeake Energy confirmed Wednesday that its top executive had taken personal loans from financial institutions to which the company also owed money, but said a review of that and other dealings proved that there were no conflicts of interest or other wrongdoing.
Categories: General

Office Depot to buy OfficeMax for $1.2bn

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US stationery retailers confirm the deal after it was inadvertently announced on Office Depot’s website before it had been completed
Categories: Uncategorized

BP, RIL plan major expansion of gas production from offshore India

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BP (NYSE:BP) and Reliance Industries Ltd. have updated plans for joint development to increase production from block KG D6 offshore India.
Categories: Offshore

Market Manipulation For Natural Gas, Record Prices For Gasoline

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Regardless of whether a market is moving up or down, there is always someone making money somewhere. There are various examples every day – be it a billionaire selling a stock short (i.e., Herbalife) or a company selling a meal short on ingredients (i.e., horsemeat economics). Some methods are legitimate, and some are not. But one thing […]

Hyundai recruits CB&I for spar design support

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Hyundai Heavy Industries has awarded CB&I (NYSE: CBI) a $180-million-plus contract for Statoil’s Aasta Hansteen project in the Norwegian Sea.
Categories: Offshore

Vincent FPSO to undergo upgrades

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Woodside Energy says production from the Vincent field offshore Western Australia increased last year to 6 MMbbl, up from 5.1 MMbbl in 2011.
Categories: Offshore

PSA issues clearance for two North Sea wells

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Petroleum Safety Authority (PSA) Norway has approved Rocksource’s North Sea well program.
Categories: Offshore