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

Smoke and flames billow from a crude oil unit at the Chevron refinery in Richmond, Calif., Monday, Aug. 6, 2012. (AP Photo/ContraCosta Times, D. Ross Cameron )

U.S. safety board rejects overhaul of Calif. refineries

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The U.S. Chemical Safety Board rejected a proposed overhaul of California’s refinery safety practices – recently touted by its chairman after the 2012 Chevron refinery fire in Richmond, Calif., – saying the overly ambitious plan would do little to immediately improve safety and needs further study.
Categories: Accidents, General, Refining
(Photo: freegreatpicture.com)

FutureGen coal project gets key US Energy Department approval

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The U.S. Department of Energy has given the long-running FutureGen clean-coal project one of the final OKs it needs to start building.
Categories: Coal, Electricity, General
A wind turbine, named Fukushima Mirai, sits about 20 kilometers off the coast of Naraha, Fukushima Prefecture in northeastern Japan is shown  . (AP Photo/Marubeni Corp.)

Offshore wind turbine stands up to gusts, waves

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A scaled-down offshore wind turbine has withstood winter storms that included the equivalent of waves exceeding 70 feet, providing confidence that a full-scale version can handle the harshest weather that the North Atlantic can throw at it, the head of the University of Maine’s advanced composites center said Thursday.
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Apache’s production hit by weather, asset sales and spending cut

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Apache Corp. said Thursday that its Permian Basin and central region production took a hit in the fourth quarter due to severe weather.
(AP Photo/David J. Phillip)

Senators duel over climate change

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Senate Republicans and Democrats were battling over climate change Thursday, during a hearing on President Barack Obama’s plan to combat greenhouse gas pollution and deal with the unpredictable weather and geographic changes it causes.
(LEON NEAL/AFP/Getty Images)

Libya oil revenues for 2013 fall short of projections

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Deputy Minister for Oil and Gas, Omar Shakmak, announced on state television Thursday that proceeds from Libyan crude yielded a little less than $40 billion, less than the projected $ 50 billion for 2013.
Categories: General, Middle East
A crane stands next to Petroleos Mexicanos (Pemex) signage displayed on the company's La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug.30, 2013.  (Susana Gonzalez/Bloomberg)

Pemex to stake claims under Mexico’s new energy policy

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Mexico’s oil company likely will target shallow-water fields when given the chance to stake its claim before a new policy opens the nation’s oil and gas fields to foreign firms, a legal expert said Wednesday.
Categories: Latin America, Offshore