Fuel Fix

(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

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Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.

Wyoming oilmen diversify to survive the bust

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(Daniel Acker/Bloomberg)
Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.
Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)

Anadarko Petroleum cuts dividend 81 percent

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The cut will save the company $450 million annually.
Yan Cunzhang of the China National Petroleum Corp. said it will take patience to develop China's shale formations. (Eric Kayne/Houston Chronicle)

China: Growing quickly, but slow to exploit its shale resources

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For those who wondered when China will begin to exploit its shale resources, a Chinese energy executive had some answers Tuesday. It isn’t likely to happen quickly, and it won’t be easy.
Categories: Asia, OTC, Shale

Prince prepared to defend his Kingdom

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Billionaire Saudi Arabian investor is ready to offer more shares in his investment group to help expand his sprawling banking-to-hotels empire
Categories: Uncategorized
Energy Center Three and Four will house ConocoPhillips’ Lower 48 Business Unit.

ConocoPhillips leasing space in two new Energy Corridor buildings

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The space encompasses Energy Center Three, a 20-story, 550,000-square-foot office tower under construction and 300,000 square feet in Energy Center Four, a planned 600,000-square-foot building expected to break ground later this year.
Categories: Exploration, Production

Alibaba’s quarterly revenues surge 80%

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With an IPO looming, the evidence of Alibaba’s continued expansion could trigger further tension between the Chinese and US internet companies
Categories: Uncategorized
The Kongsberg Oil & Gas Technologies Inc. booths refreshment area during OTC 2013 at Reliant Park Tuesday, May 7, 2013, in Houston. ( James Nielsen / Houston Chronicle )

It’s not a sports bar, it’s OTC: TVs, top-shelf beer and subsea oil storage

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In addition to more television screens than a typical sports bar, Kongsberg Marine AS carved out a spot among the popular booths by offering top-shelf beer and wine served from a full-sized bar area.
Baker Hughes employees work at a drill site. (Houston Chronicle)

Improved cementing key for offshore wells

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Joe Shine of oil field services firm Baker Hughes discussed at the Offshore Technology Conference in Houston methods drillers can use to account for lost circulation in wells.
Carlos Tadeu da Costa Fraga, executive manager for pre-salt exploration and production for Brazil's Petrobras, spoke during a luncheon Tuesday at the Offshore Technology Conference about the company's growing success in the challenging geology. (Eric Kayne/Houston Chronicle)

Brazil’s Petrobras expects 2 million barrels per day

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Breakthroughs in drilling through challenging underwater geology are leading to rapid growth in oil production for Brazil’s Petrobras, an executive at the Offshore Technology Conference said Tuesday.
Categories: OTC

EA shares soar on vow to keep costs down

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Video game publisher has cut around 10% of its workforce in recent weeks in an effort to rein in spending, and is seeking a new chief executive
Categories: Uncategorized
SBM Offshore's Drilling Riser Trip-Saver

OTC Spotlight Award: SBM’s drilling riser saves time, money

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The Trip-Saver is a rail-mounted system that can position the drilling riser over multiple subsea wellhead locations, meaning it doesn’t have to bring the riser back to the surface to move to another wellhead
Categories: OTC
Helix Well Containment Group equipment was deployed in a drill at a Noble Energy test well in May, with federal regulators and industry representatives looking on. (Photo: Noble Energy)

Feds, industry workers finish test of emergency offshore equipment

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A week-long drill testing how the oil industry and federal regulators would respond to an out-of-control Gulf of Mexico well wrapped up late Monday, with government officials deeming the exercise a success.
Mark Papa, Chairman and CEO of EOG Resources (Melissa Phillip/Houston Chronicle)

EOG rises after earnings beat analysts’ estimates

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First-quarter net income rose 53 percent to $494.7 million.
Categories: Finance/Earnings

Central bank optimism lifts stocks

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FTSE All-World index at best level since June 2008 as concerns about global growth are counteracted by ongoing central bank largesse
Categories: Uncategorized