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

Luminant's Big Brown coal power plant (AP photo)

Luminant restarts power units early as natural gas prices rise

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Luminant is bringing three coal-fired power units back online two months earlier than originally planned, saying higher natural gas prices now make the plants economic to run.
Categories: Electricity
Shell's Olympus platform (Shell)

Deep-water giant begins production in Gulf of Mexico field (photos)

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Royal Dutch Shell said Tuesday it had started production from its Olympus platform, the first of several new platforms expected to push oil production in the Gulf of Mexico to a record level by 2016.
Categories: Gulf of Mexico, Offshore
A Canadian Pacific Railway Ltd. train transporting oil leaves Hardisty, Alberta, Canada. (Brett Gundlock/Bloomberg)

Canadian group pitches Alaska rail line for oil sands

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A Vancouver-based group is proposing a 1,600-mile railroad to transport bitumen from Alberta’s tar sands to Delta Junction, where the project’s creators hope to tap into TAPS, the Trans-Alaska Pipeline System.
Categories: Arctic, Rail
A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

BP quarterly profit falls as divestments impact income

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BP’s profit fell 30 percent in the fourth quarter as it felt the impact of its multibillion-dollar divestment program, weakened refining income, the company reported Tuesday.
Categories: Finance/Earnings
(AP Photo/Mike Groll, File)

Property owners threaten second suit over delay on fracking study

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A coalition of property owners announced that it will sue New York state over its delay in issuing a long-awaited environmental impact statement on hydraulic fracturing unless the state provides a reasonable timeline by Feb. 13 for finalizing the process.
After five years waiting for U.S. approval the need for Keystone isn’t as urgent for companies such as Suncor Energy Inc.  (Brent Lewin/Bloomberg)

Keystone ardor cools as oil sands producers find other routes

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Producers have become less reliant on Keystone XL as new rail terminals increase their ability to ship oil on trains. And support has grown for other pipeline proposals, including a separate TransCanada project that would carry crude from Alberta to the nation’s Atlantic Coast.
Categories: Keystone XL, Pipelines
Photo:  wikipedia.org

Does the Google Glass design philosophy clash with oil & gas industry trends?

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The biggest challenge I see as I embark on this journey to explore how Glass (and wearable technology generally) can be adapted to oil & gas applications is that the oil & gas industry’s data needs are growing larger and larger (the result of more challenging wells) while displays continue to shrink.