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.

Oil under pressure from rising oil and product inventories, credit crunch

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One hundred and thirty-eight years after the first US bicycle club was formed (the Boston Bicycle Club), and crude prices are freewheeling lower once more. We have equity markets spiraling lower, as fears of global economic weakness combine with deteriorating credit conditions for energy companies. As the chart below illustrates, borrowing costs for US junk-rated […]
Categories: Crude oil
(Scott Dalton/Bloomberg)

TransCanada falls to a loss after $2.1 billion charge on Keystone XL

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TransCanada announced Thursday it had booked a US $2.1 billion charge related to its now-rejected Keystone XL pipeline.

Huntsman posted higher third-quarter earnings despite an unplanned outage at its Port Neches plant. ( Brett Coomer / Chronicle )

Huntsman Corp. posts small profit despite shrinking revenues

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Despite keeping its earnings positive, the chemical products manufacturer saw its quarterly revenues decline by 23 percent.
LNG storage tanks are seen at Cheniere's Sabine Pass LNG facility.  (J. Patric Schneider)

Williams to pipe gas to Cheniere, Freeport LNG Texas projects

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The arrangements come as U.S. LNG export projects are increasingly under pressure amid the continuing rout in global commodity prices.
Categories: Deals, LNG
EOG Resources CEO Bill Thomas at EOG's offices in downtown Houston Thursday Sept. 25, 2014. (Billy Smith II  / Chronicle)

EOG CEO: Industry wary of false start on oil recovery

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The energy sector won’t repeat last year’s mistake of rapidly boosting production the next time the price of oil hits $60 a barrel, said the chairman and CEO of EOG Resources.
A  2010 file photo shows a sign at a BP  station in London. (AP Photo/Alastair Grant, File)

BP outlook: American shale gas revolution to go global by 2035

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In its annual Energy Outlook released Wednesday, BP projected shale gas production around the world will grow 5.6 percent a year, and by 2035, half the growth in shale energy will come from outside the United States.
Categories: Crude oil, Markets
(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.