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.
(AP Photo/J. Scott Applewhite)

Yellen: Oil bust aids U.S. economy

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Janet Yellen said the economy had become “less supportive of growth,” but left open the possibility that cheap oil combined with lower interest rates could provide a boost.
Categories: Crude oil, General
A pipeline sign marks  the main U.S. oil pipeline and storage hub at Cushing, Oklahoma. (Bloomberg photo)

Inventory draw helps oil tick upward

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The U.S. Energy Information Administration said that oil inventories fell by 800,000 barrels to 502 million barrels in commercial storage.

The Headquarters of the ENI energy company are seen in Rome, Italy, Wednesday, December 14, 2005. Gazprom would consider buying a stake in the electricity unit of Eni SpA, Europe's fourth-biggest power company, as a way to enter the Italian electricity production market, Il Sole/24 Ore reported, citing an interview with Gazprom Deputy Chief Executive Alexander Medvedev. Photographer: Chris Warde-Jones/Bloomberg News

Italy’s Eni said to explore sale of gas and power retail assets

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If Eni goes ahead with the auction, the business could attract private equity firms and utility companies, sources said.

OPEC eyes another drop in Mexican crude production, further upside for Canada

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One hundred and fifty-three years after the fire extinguisher was patented by Alanson Crane, and the overnight rally in the crude market has once again been snuffed out. After double bearish trouble yesterday came in the form of the IEA and EIA monthly reports, today’s OPEC report has again put a damper on things. Although […]
Categories: Crude oil
(ALEXANDER KLEIN/AFP/Getty Images

OPEC sees slower demand growth, faster output declines

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OPEC says the decline in oil production outside the cartel will accelerate after the recent slide in crude prices to around $30 a barrel, which has prompted U.S. oil companies to announce deeper capital spending cuts and sharper declines in drilling activity in U.S. shale plays and Canada.
(AP Photo/Charlie Riedel)

Obama vows to press ahead on Clean Power Plan after setback

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Tuesday’s surprising move by the court is a blow to Obama and a victory for the coalition of 27 mostly Republican-led states and industry opponents.
FILE - In this April 25, 2014, file photo, Bryant Gobble, left, hugs his wife, Sherry Gobble, right, as they look from their yard across an ash pond full of dead trees toward Duke Energy's Buck Steam Station in Dukeville, N.C. Duke says it will provide bottled water to residents living near coal ash pits in North Carolina. So far, more than 150 residential wells tested near Duke's dumps have failed to meet state groundwater standards. (AP Photo/Chuck Burton, File)

Regulator fines Duke Energy nearly $7 million for coal ash spill

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The fine covers violations that Duke Energy admitted when it pleaded guilty to federal pollution crimes nine months ago and agreed to pay $102 million in fines and restitution, the state Department of Environmental Quality said.
(Daniel Acker/Bloomberg)

On Plains All American call, a focus on other companies

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Midstream contracts are usually the last things production companies will let go. But with oil near $30 per barrel, most oil and gas transporters have several producers on the ropes who have or are considering letting those promises lapse.
Categories: Crude oil, Pipelines
The sun sets beyond an oil pumping unit, also known as a "nodding donkey" or pumping jack, at a drilling site operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

EIA: Oil to average $38 as stock builds outpace production

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Global oil inventories could keep rising in 2016 and 2017 faster than oil production outside of OPEC can drop.
Categories: Crude oil, Markets
Outside the Diablo Canyon nuclear power plant at Avila Beach, California, U.S., on Friday, March 30, 2012. Photographer: David Paul Morris/Bloomberg

Feds approve new nuclear reactors near Houston

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Two hurdles for the projects could delay NRG’s plans indefinitely, however.
(FILES) This file photo taken on February 5, 2016 shows US President Barack Obama speaks about the economy in the Brady Press Briefing Room at the White House in Washington, DC.
President Barack Obama on February 9, 2016 unveiled a new cybersecurity "national action plan" calling for an overhaul of aging government networks and a high-level commission to boost security awareness. The announcement responds to an epidemic of data breaches and cyber attacks on both government and private networks in recent years, and passage last year of a cybersecurity bill that aims to facilitate better threat sharing.Obama asked for $19 billion for cybersecurity efforts in his budget request, a 35 percent increase from current levels, with $3 billion earmarked to help modernize the patchwork of computer systems used in government agencies.
 / AFP / Saul LOEBSAUL LOEB/AFP/Getty Images

Within budget, Obama seeks $10.25 per barrel oil tax

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President Obama┬ámade official Tuesday his plan to seek a tax on the oil industry to fund an overhaul of the country’s transportation network towards reducing carbon emissions. In a proposed $4.1 trillion federal budget, the administration is requesting a $10.25 per barrel tax on oil companies, revenue from which will be shuttled into expanding high-speed […]
Categories: General
Natural gas wellhead

WPX Energy sells off Colorado natural gas assets for $910 million

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The Oklahoma oil producer said Tuesday it is shifting its center of gravity from natural gas-rich Piceance Basin in Colorado to the oil-heavy Permian Basin in West Texas.
Categories: Deals, Markets, Natural gas