Fuel Fix

Cash-strapped oil firms top Moody’s watch list

(Getty Images)
In the first quarter, a dozen oil companies including Energy XXI’s operating unit, Midstates Petroleum Co. and Halcón Resources Corp. tumbled into credit-rating territory reserved for the most financially unfit firms, according to Moody’s Investors Service. More »
(Eddie Seal/Bloomberg)

Blackstone CEO sees ‘remarkable’ opportunities in slumping oil

Most of Blackstone’s energy investments aren’t in oil, meaning its exposure to lower oil prices is limited, CEO Stephen Schwarzman said.  More »
(Martin Divisek/Bloomberg)

Nation’s biggest nuclear firm makes a play for green money

Chicago-based Exelon essentially wants to change Illinois state rules for its power market as the nuclear industry competes with historically low prices for natural gas.  More »
(stockyimages)

Dynegy gets federal OK to buy Duke, Energy Capital plants

In buying the units, which sell power in competitive wholesale markets, Dynegy will nearly double the company’s electricity generation capacity.  More »
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(AP Photo/Sue Ogrocki, File)

Low oil prices force 2 Oklahoma companies to cut jobs

Samson Resource Co. produced oil and liquids after primarily being a natural gas driller. The company reported a net loss of $1.6 billion for its third fiscal quarter in 2014. The company’s layoffs are effective immediately.  More »
(Bill Montgomery/Houston Chronicle)

Senate approves long-delayed bill to boost energy efficiency

The Senate bill was co-sponsored by Democrat Jeanne Shaheen of New Hampshire and Republican Rob Portman of Ohio. A similar bill was defeated last year after it became enmeshed in a partisan fight over the Keystone XL oil pipeline.  More »
(Jennifer A. Dlouhy / The Houston Chronicle)

Report: Arctic oil drilling needed now to sustain U.S. energy security

The analysis makes the case for the United States to aggressively develop Arctic oil and gas resources that can help supply the country with energy long after some onshore fields are depleted.  More »
(Photographer: Eddie Seal, Bloomberg)

Oil rigs fall by lowest number since December

Total rigs drilling for both oil and natural gas fell by 21 to 1,048, with gas rigs down 9 to 233, and miscellaneous rigs unchanged at 2.  More »
Iranian flag

Commentary: Geopolitics and oil prices — between a rock and a hard place

Voices blogger Amy Myers Jaffe writes on how oil traders that appear to be hedging themselves against a possible deal between the West and Iran on the nuclear question miss the increasingly complex forces at play today in oil geopolitics.  More »
Dow Chemical Co. chairman and CEO Andrew N. Liveris, front, addresses his employees and honored guests during the announcement of Dow's new ethylene production plant at Dow Texas Operations, Thursday, April 19, 2012, on the Brazosport College campus in Lake Jackson. (Nick de la Torre/Houston Chronicle)

Dow Chemical, Olin in $5 billion cash-and-stock deal

Dow has been under pressure from the hedge fund Third Point LLC to split its specialty chemical and petrochemical businesses.  More »
Bloomberg Photo/Scott Dalton

FERC directs Texas pipeline company to investigate alternatives

The city of Green has proposed moving about 103 miles of the Nexus pipeline away from southern Summit County and northern Stark County into southern Stark and Wayne counties, then western Wayne, Medina and Lorain counties.  More »
conoco

ConocoPhillips hires Scotiabank to sell some Canadian assets

Details on the sale from the Houston-based company will be provided in the second quarter, according to Scotiabank.  More »
(David Paul Morris/Bloomberg)

Chevron seeks over $3.6 billion for Caltex Australia stake

The deal is the largest block trade ever in Australia, exceeding Royal Dutch Shell Plc’s sale of Woodside Petroleum Ltd. shares in 2010 for about A$3.3 billion.  More »
(AP Photo/Channi Anand)

India said to mull lowering natural gas price 10 percent as energy costs plunge

The government continues to work on a plan to allow a premium for gas produced from deep-water fields, the official said.  More »
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