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

Photo:  www.andrewschultz.com

HR personnel look away: Using a service company as a stepping stone to an operator

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It is highly likely that without a service company taking a chance on me, I wouldn’t be enjoying the great career in oil & gas that I’m in today. Today’s question comes from a reader who also started with a service company, but whose desired career path entails joining an operator. At what point will they be ready to make the jump?
The growth of renewable energy could slow unless the industry gets more certainty about policies surrounding them, the International Energy Agency said in a new report. (Sean Gallup/Getty Images)

Germany can’t bear hefty green energy costs, minister says

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Germany must focus on the cheapest clean-energy sources as well as efficient fossil-fuel-fired plants to stop spiraling power prices, Economy and Energy Minister Sigmar Gabriel said.
Categories: Europe, Solar, Wind
Stoneham 18 rig works on a well in Oasis Petroleum's Red Bank area of West Williston in Williams County, North Dakota. (Vern Whitten)

Officials to review proposed North Dakota drilling rule

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The proposal has been criticized by some Republican lawmakers and oil and farm groups.
The drillship Noble Discoverer did preliminary drilling in Alaska's Chukchi Sea for Shell in 2012. An appeals court ruling Jan. 22, 2014, could delay  Shell's plans to return to the Alaskan offshore region in summer of 2014.

Appeals court ruling could delay further U.S. Arctic drilling

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A federal appeals court in San Francisco has revived a lawsuit challenging a sale of offshore Alaska oil leases, a ruling that could delay oil company efforts to explore there.
Categories: Arctic, Environment
(AP Photo/Toby Talbot, File)

New lawsuit filed against Cape Wind power project

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Opponents of a proposed wind farm in Nantucket Sound have filed a federal lawsuit saying the state overstepped its authority when it brokered an agreement for a major utility to buy power from the project.
Categories: Legal issues, Wind
(AP photo)

European Union relaxes renewables target

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The European Commission is shying away from more ambitious mandatory renewable energy goals in its fight against climate change.
Categories: Environment, Europe
Oil Barrel

Oil above $95 as IMF raises global growth forecast

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The price of oil rose Wednesday amid expectations for solid demand after the International Monetary Fund raised its growth forecasts for the world and U.S. economies.
Categories: Crude oil, Markets