Beaumont – Fuelfix

Activists in kayaks on horizon as Shell’s Arctic rig arrives at Washington port

Activists opposed to Arctic drilling are preparing to greet the rig when it makes it to Emerald City, with some threatening a flotilla of kayaks to box the ship in.  More »

Schlumberger CEO lays out his plan to weather the crude crash

The growing re-fracturing business is one that could boost Schlumberger’s suffering bottom line amid tumbling commodity prices.  More »

GE Power sales boost profit past estimates amid oil slump

Fallout from the global rout in oil markets showed up in GE’s sales, which trailed analysts’ estimates.  More »
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Sixth Chevron drillship arrives in the Gulf of Mexico

The drillship, called the Deepwater Asgard, will work in the Mississippi Canyon under a two-year contract with Transocean, a Swiss rig contractor  More »

Koch lobbyist to senators: Don’t reform biofuel mandates. Repeal them.

Philip Ellender, the president of Koch’s government affairs arm, is lobbying the Senate against a plan to reform the nation’s renewable fuel mandates in favor of repealing it altogether.  More »

Oil prices retreat after OPEC reports 810,000-barrel boost in March

OPEC predicted output from U.S. oil fields would stall out and eventually fall later this year as producers park hundreds of drilling rigs.  More »

AP: Offshore wells buried during Hurricane Ivan have been leaking oil into the Gulf since 2004

An Associated Press investigation has revealed evidence that the spill is far worse than what the company behind the leak has publicly reported.  More »

Kinder Morgan CEO says to expect more acquisitions

Kinder Morgan’s board said it would raise the dividend to 48 cents per share, up 14 percent from the prior year’s Q1 payout of 42 cents per share.  More »

OPEC surge ahead of Iran exports could stall oil recovery

The International Energy Agency says Russia, India and others gobbled more cheap crude last month but oil-exporting states including Saudi Arabia pushed out more crude than in almost two years, a bid to remain kings in the oil market as Iranian exports loom.  More »

Shell exec: U.S. risks losing drilling dollars to Brazil, Canada and Mexico

The Obama administration’s plan for selling offshore oil and gas leases from 2017 to 2022 could jeopardize the United States’ competitiveness as Brazil, Canada, Mexico and other countries aggressively compete for drilling dollars, a Shell executive told Congress.  More »

Shale output is falling faster than expected

Just five months after Saudi Arabia put the market into a tailspin by refusing to cut supply despite a global glut, the shale oil industry will record its first monthly dip since 2013.  More »
Cheap crude won’t slow U.S. oil fields by much, EIA says

Cheap crude won’t slow U.S. oil fields by much, EIA says

The EIA said low oil prices would only cut the nation’s daily production by 700,000 barrels from 2022’s projected 10.4 million barrels.  More »

Texas House set to vote on bill banning local fracking bans

San Angelo Republican Rep. Drew Darby’s bill is poised for House debate and approval Tuesday.  More »

Feds unveil plan for keeping offshore oil wells in check five years after Gulf spill

The measure codifies many of the steps that companies have already taken to better keep offshore wells in check, including more rigorous maintenance and testing of the blowout preventers that act as a last line of defense against uncontrolled surges of oil and gas.  More »

Oil firms may have to cut deeper than $126 billion, report says

If Brent, the international crude standard, hangs around $60 a barrel for much longer, oil producers in the United States and elsewhere in the western world will probably have to make deeper cuts.  More »
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