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

Mahfouz Elbony, vice chairman for Agreement and Exploration of the Egyptian Natural Gas Holding Company, speaks to a Houston audience at a World Affairs Council luncheon in February 2014. (Emily Pickrell/Houston Chronicle)

Egyptian oil ministers looking for investors for upcoming bid round

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Egyptian oil and gas officials touted the promise of an upcoming bid round in a visit to Houston Monday afternoon, saying that the promise of the Nile Basin, Mediterranean Sea and Red Seas could contain billions of barrels of oil.
Categories: Africa, Production

US Export Bans 101: Markets Defy Artificial Barriers

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Environmental advocates weighing in against US oil and gas exports and Keystone XL Pipeline need to be wary. The belief that creating barriers to exports and infrastructure will lock oil and gas under the ground is a misplaced one. Markets will clear, as long as the demand for fossil energy remains.  The United States as […]
Categories: General
(AP Photo/Pat Sullivan)

Proposed pipeline biggest in company history

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The company says its proposed $650 million pipeline to move natural gas from western North Dakota’s booming oil patch is the biggest and most expensive project in its history.
Categories: Natural gas, Pipelines
Demonstrators hold hands while surrounding the White House during a Keystone XL tar sands oil pipeline protest in Washington, D.C. (Andrew Harrer/Bloomberg)

Keystone’s billionaire foe urges review of ‘defective’ analysis

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Billionaire Tom Steyer, a Democratic Party donor and Keystone XL foe, called on U.S. Secretary of State John Kerry to begin a review of the “defective” environmental analysis on the pipeline released last week.
Categories: Keystone XL
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 )

Lawmakers stress urgency as feds finish new sulfur rules for gasoline

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As the Obama administration prepares to mandate new limits on sulfur pollution from gasoline, congressional Democrats made a last-minute appeal for quick action.
Image: Fotolia

Jury convicts anti-Enbridge pipeline protesters

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Three women sit in the Ingham County jail awaiting sentencing next month for trespassing and obstructing police at the site of an Enbridge Inc. oil pipeline project.
Categories: Legal issues, Pipelines
(Image: Fotolia)

Foundations launch campaign to divest from fossil fuels

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A coalition of 17 foundations, representing almost $1.8 billion in investment, plans to divest from fossil fuel companies in its portfolios and invest more in clean energy, leaders of the effort said Jan. 30.
Categories: Finance/Earnings