FuelFix
Worst over for oil, says Norway’s next energy minister
The man overseeing energy policy in western Europe’s biggest oil-producing nation says the worst downturn in the history of Norway’s offshore industry appears to have bottomed out as OPEC’s historic deal continues to reverberate across...
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Feds putting $2 billion behind Louisiana methanol plant with carbon capture
WASHINGTON – A wave of federally-funded carbon dioxide is headed to Texas oil fields. The Obama administration is the principal investor in a $3.8 billion methanol plant in Lake Charles, La. that will separate carbon...
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KLR to buy Tema Oil and Gas, take company public
West Texas’ popular Delaware Basin is about to get busier. The investment bank KLR Group is buying the Houston-based Tema Oil and Gas Company, taking the company public and changing its name, KLR and Tema...
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National Oilwell Varco completes purchase of Fjords Processing
Oil and gas drilling equipment manufacturer National Oilwell Varco has completed its purchase of a Norwegian processing systems supplier. Oslo, Norway-based Fjords Processing has been sold to National Oilwell Varco, according to Akastor ASA, Fjords’ former...
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A bit of rosy news for offshore drillers: Atwood adds contract
A bright spot in offshore drilling this week, albeit a small one: Houston’s troubled Atwood Oceanics has nailed down an additional contract to drill a well off the coast of Australia. The Australian exploration and...
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