W&T Offshore has agreed to sell its stake in a West Texas oil field to a private equity start-up company for $376 million, the latest oil deal geared toward supporting a seller’s financial books amid cheap oil prices.
Iran plans to offer oil companies improved terms to develop oil and natural gas fields once a trade embargo against the country is lifted, Total SA (FP) Chief Executive Officer Christophe de Margerie said.
Germany is set to become the first nation inEurope to charge owners of renewable energy plants for their own use of electricity, part of Chancellor Angela Merkel’s effort to contain rising power bills.
A former BP engineer is basing his request for a new trial on improper interviews with jurors who had convicted him of trying to obstruct a federal investigation of the company’s 2010 Gulf oil spill, federal prosecutors say.
During a visit to Houston last week, Gustavo Madero, president of Mexico’s opposition National Action Party, spoke with FuelFix about how the nation’s new energy reform policy will affect Pemex and other aspects of the nation’s energy landscape.
Rigs designed for horizontal drilling made a big move last year into the Permian Basin, the last major U.S. oil patch to remain a stronghold for older vertical units. But that’s small relief two years after a surge of oil field services startups left the U.S. market with far too much fracturing equipment and sent prices for fracturing jobs plummeting.
Petroleos Mexicanos, Mexico’s state- owned oil company, expects to sign its first exploration and production agreements with international companies as early as year-end after Mexico ended its 75-year monopoly.
FuelFix.com is your daily must-read source for news and analysis on the energy business. Anchored by business reporters at the Houston Chronicle and other Hearst Newspapers, Fuel Fix incorporates blogs by energy experts, market updates, useful data and a real-time summary of the top ideas, hottest stories and latest news in the oil, gas and energy industries.
Browse previous blog posts by month and year of entry. You'll see all the posts for that time period.