Fuel Fix

John D. Rockefeller co-founded Standard Oil Company. His descendants have decided to divest the philanthropy of fossil fuels, the New York Times reported.

Oil-rich Rockefellers plan to divest from fossil fuels

After building their fortune on oil, the Rockefeller family is joining growing chorus of philanthropies, foundations, religious groups and pension funds pledging to sell assets tied to fossil fuels, the New York Times reported Sunday.  More »
TOTAL S. A. CEO Christophe de Margerie speaks at the IHS CERAWeek energy conference in Houston on March 4, 2014. (Mayra Beltran/Houston Chronicle)

Total announces plans to sell $10 billion in assets by 2017

French energy giant Total SA will sell $10 billion of assets from 2015 to 2017, the company announced at an event for analysts Monday, as part of a broader strategy designed to promote financial discipline within the company.  More »
iNOV Grant Prideco's Engineering Technology Center Sept 18, 2014. A worker at the combined load frame.  (Billy Smith II / Chronicle)
Publication History: 	Publication: The Houston Chronicle
PubDate: 9/21/2014 - PageNo: 1 - Section: D - Edition: H6 - CIMAGEID: 131712669
Caption: An employee checks machinery at NOV Grant Prideco's engineering technology center. It's part of National Oilwell Varco.


NOV completes leadership, business unit shuffle

National Oilwell Varco saw a lot of change in 2014, following the naming of its new CEO and the reorganization of its business units.  More »
Joe Kaeser, chief executive officer of Siemens AG. (Krisztian Bocsi/Bloomberg)

Siemens CEO: Dresser-Rand deal provides connection to oil epicenter

Siemens AG’s $7.6 billion deal to buy Houston’s Dresser-Rand Group is about more than collecting gas turbines and super-sonic engines: It’s about getting access to Houston, the epicenter of executive power in U.S. oil and gas, the German conglomerate’s chief executive said Monday.  More »
John Hofmeister headed Shell Oil from 2005 to 2008.(AP Photo/Nick Wass, file)

Former Shell Co. head says we should use less gasoline

John Hofmeister, former CEO of Shell Oil Co., described his vision for reducing our use of gasoline in transportation fuel.  More »
Joe Kaeser, CEO of Siemens, speaks during the IHS CERAWeek conference at Hilton Americas - Houston Wednesday, March 5, 2014, in Houston. ( Melissa Phillip / Houston Chronicle )

Siemens cuts multibillion dollar deal for Dresser-Rand

Investors in Dresser-Rand will get $83 a share on the deal. The company’s share price on Friday closed up $6.88 to $79.91 on the New York Stock Exchange. In a recent regulatory filing, Dresser-Rand said it had about $1.15 billion in debt. That would make the cash purchase price worth nearly $6.5 billion.  More »
David  Rainey, a former BP vice president during the Deepwater Horizon oil rig explosion, leaves Federal Court after being arraigned on obstruction of a federal investigation in New Orleans in November 2012.   (AP Photo/Matthew Hinton)

New indictment against former BP executive

Friday’s superseding indictment makes adjustments to existing obstruction of Congress and false statement charges against David Rainey.  More »
Cheniere Energy Partners' LNG import terminal on the Louisiana side of Sabine Pass. (Photo: Cheniere Energy)

Galveston eyed for $6 billion LNG export terminal

Galveston Wharves trustees Monday will consider leasing 185 acres on the northeast corner of Pelican Island to Next Decade, a privately owned company focused on developing two Texas LNG export facilities.  More »
Yellow oil barrels

U.S. crude falls for third day on dollar strength

Oil for October delivery dropped 66 cents to end at $92.41 on the New York Mercantile Exchange.  More »
A pro-Russian activist holds a Russian flag as he stands near a statue of Lenin during a rally in the eastern Ukrainian city of Donetsk on March 22, 2014. (AFP PHOTO/Alexander/Getty Images)

Russian oligarch owns big stakes in Dresser-Rand, potential Swiss buyer

Dresser-Rand Group and its potential Swiss industrial buyer have at least one thing in common: An ultra-rich Russian metallurgy and energy tycoon with ties to Moscow.  More »
US-ChemicalSafetyBoard-Logo

Agency can look at rig owner’s role in oil spill

Transocean had challenged the authority of the U.S. Chemical Safety and Hazard Investigation Board,  More »
(stockyimages)

Dresser-Rand talking to possible buyers

Dresser-Rand Group is in merger talks with at least one foreign industrial company, a potential suitor has confirmed, as talk that the Houston oil field equipment maker may sell pump its stock price.  More »