Fuel Fix

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Military, business and political voices all clamoring over oil exports

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The cast of experts weighing in on the issue includes former Obama administration officials and military veterans.
glam-derricks

The oil patch palette

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Categories: featured, General

Military, business and political voices all clamoring over oil exports

on
m1234078
The cast of experts weighing in on the issue includes former Obama administration officials and military veterans.
glam-derricks

The oil patch palette

on
A couple of years ago we presented some examples of how the grit and steel of the oil field can take on its own beauty in the hands of a skilled photographer or digital artist.
Categories: featured, General

Photographer: Andrey Rudakov/Bloomberg

Things a barrel of oil is now cheaper than: A fancy bottle of wine, a center-cut filet, and a clean house

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With prices now hovering below $50, a barrel of oil has become cheaper than many common household purchases.
Categories: Crude oil, Markets
A spinoff of National Oilwell Varco announced plans to buy a company that supplies the energy industry with pipes, valves and fittings.

EV Energy to buy gas-rich land for $259 million

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The Houston oil producer has agreed to purchase land near its own in the Appalachian Basin in Ohio and Pennsylvania, the San Juan Basin in New Mexico, the Austin Chalk in South Texas other fields in Michigan.
Categories: Deals, Natural gas

Global economic worries keep crude in check

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As opposed to the usual free-form structure, let’s do some painting by numbers to color in the backdrop for today’s market currents. Henceforth, five observations ahoy: 1) There is an interesting piece out this morning addressing the dichotomy seen within US shale producers, as some chose to hedge fairly aggressively in Q2, while some chose […]
Liquefied natural gas export terminals including Cheniere Energy's $18 billion Sabine Pass facility nearing completion  in Cameron Parish, Louisiana,  should boost demand for U.S. natural gas. (Cheniere Energy photo)(Cheniere Energy)

Gas exports from Iran, Egypt seen threatening U.S. ambitions

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Projects from North America to East Africa and Australia may be impacted as Iran progresses with its “supergiant” South Pars gas field and after Eni SA’s discovery of massive resources offshore Egypt.
Categories: Middle East, Natural gas
Deepwater Horizon

BP seeks restitution of some Gulf oil spill claims

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The oil giant wants restitution of some of the money it paid in claims to businesses as part of a 2012 settlement.
Categories: Gulf oil spill
U.S. Sen. Michael Bennet, D-Colo., joins members of crowd to listen to former President Bill Clinton during an appearance in Colorado. (AP Photo/David Zalubowski)

Democratic senator says he’s open to oil exports

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Michael Bennet’s comments make him the latest Senate Democrat to suggest he is open to oil exports — even if the support is predicated on other changes.
Categories: Politics/Policy
Floor hands David Vannapha, left, Mario Ramos, center, and Jose Garza make a pipe connection on the drill string on the Orion Perseus drilling rig near Encinal in Webb County, Texas, U.S., on Monday, March 26, 2012. The Perseus is drilling for oil and gas in the Eagle Ford Shale, a sedimentary rock formation underlying an area of South and East Texas. Photographer: Eddie Seal/Bloomberg *** Local Caption *** David Vannapha; Mario Ramos; Jose Garza

Texas and North Dakota grew at a torrid pace in 2014 — before crude busted

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The Texas economy grew the second most among the states last year after it saw its gross domestic product increase 5.2 percent, making it one of the only states to outpace the U.S. economy overall.
Categories: Crude oil, Markets
A worker walks under a road of pipelines at the Petroleos Mexicanos Miguel Hidalgo oil refinery in Tula de Allende, Mexico, on Thursday, March. 6, 2013. Susana Gonzalez /Bloomberg

Energy reform a boost for Mexican petrochemicals, IHS says

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The Latin American country’s chemical industry hasn’t seen new investment in the past 15 years thanks to declining oil and gas production and a lack of infrastructure.
Categories: General