Fuel Fix

(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

on
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

on
(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

on
The cut will save the company $450 million annually.
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

on
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

on
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

on
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

on
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

on
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

on
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

on
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

on
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

on
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

on
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

on
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

on
Global oil inventories could keep rising in 2016 and 2017 faster than oil production outside of OPEC can drop.
Categories: Crude oil, Markets