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.

The Chinese flag blows in the wind as hundreds of people walk along the Bund boardwalk by the Huangpu river in Shanghai, China. (Paula Bronstein/MCT)

China, India increasingly drive global energy demand

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China and India are increasingly driving world energy demand as the United States’ production boom puts it on track to become independent of the global market, the International Energy Agency said Tuesday.
Categories: Asia, Markets
An ethanol plant stands next to a cornfield near Nevada, Iowa. (AP Photo/Charlie Riedel)

The secret, dirty cost of Obama’s green power push

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In 2007, presidential candidate Barack Obama made homegrown corn a centerpiece of his plan to slow global warming. But the ethanol era has proven far more damaging to the environment than politicians promised and much worse than the government admits today.
Categories: Biofuels, featured

The lobby of the Baker Hughes office in Houston. (Julio Cortez / Houston Chronicle)

Baker Hughes suspends Iraqi operations after local protest

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Baker Hughes has suspended operations in Iraq after local residents held a protest near one of its subsidiary’s facilities on Saturday, the company said Monday.
Categories: Asia, Safety/Security
Tim Cutt, president of petroleum and potash for BHP Billiton (BHP Billiton)

Shale business brings ‘growth engine’ to BHP Billiton, exec says

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BHP Billiton plans to spend two-thirds of its petroleum budget on U.S. shale in coming years, but the Australian natural resources giant knows that the biggest returns come from replicating low-cost production over and over.
Categories: Production, Shale
A jar holding waste water from hydraulic fracturing is held up to the light at a recycling site in Midland, Texas. (AP Photo/Pat Sullivan)

More oil and gas drillers turn to water recycling

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Drillers have found a way to get by with much less water: They recycle it using systems that not long ago they may have eyed with suspicion.
(construct/Flickr)

Carlyle seeking $7B for energy by 2015 to meet demand

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Carlyle Group LP, the world’s second-biggest manager of alternative investments to stocks and bonds, plans to raise $7 billion for energy funds in the next two years.
Categories: Finance/Earnings
(Photo: Fotolia)

Oil tops $95 as Iran talks stall; pump price lower

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Six key powers are considering a gradual rollback of sanctions that have crippled Iran’s economy.
Categories: Crude oil