Beaumont – Fuelfix

Pew survey: Most young Americans oppose offshore drilling, nuclear power

There are dramatic generation gaps in opinions on global warming, offshore drilling, nuclear power, childhood vaccines, gene modification to reduce a baby’s disease risk, untested medicine use, lab tests on animals, and evolution, according to the Pew Research Center.  More »
Crude prices tank after oil supply added nearly 2 million barrels

Crude prices tank after oil supply added nearly 2 million barrels

Crude oil prices opened lower and continued to fall in Wednesday trading, as the markets parsed new data showing the oversupply of crude isn’t about to evaporate.  More »
Shell moves forward on major Gulf of Mexico platform

Shell moves forward on major Gulf of Mexico platform

Shell said it authorized the major project after finding 20 percent in cost reductions and determining that it will produce a profit as long as the global benchmark for oil prices stays above $55 a barrel.  More »
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Energy XXI sells off oil-rich shallow water field for $21 million

Energy XXI sells off oil-rich shallow water field for $21 million

The Houston firm sold its East Bay Field, about 89 miles southeast of New Orleans, to an undisclosed private buyer for $21 million, the company announced Wednesday.  More »
New data reveals which U.S. fracking wells needed the most water to drill

New data reveals which U.S. fracking wells needed the most water to drill

The shale plays where hydraulic fracturing, or fracking, dominated the majority of oil and gas drilling were also the same plays where water use was highest, ranging between 2.6 million gallons and 9.7 million gallons of water per well.  More »

Obama administration delivers big blow to Shell’s Arctic drilling plans

The Fish and Wildlife Service said it could not authorize sound from Shell’s planned drilling of wells roughly nine miles apart to disturb walruses in the Chukchi Sea, because a 2013 requirement mandates a 15-mile buffer zone.  More »
CB&I jumps on $1.5 billion Houston petrochem project with Oxy

CB&I jumps on $1.5 billion Houston petrochem project with Oxy

The ethylene cracker project is being constructed by Occidental’s OxyChem subsidiary and Mexichem in the Ingleside Ethylene joint venture near Corpus Christi.  More »

Oil prices retake lost ground after markets cool on Greece crisis, Iran deal

Oil prices edged up early Tuesday as financial markets cooled down from Monday’s frantic selloff in anticipation of a Greek debt default and as Iran and the West delayed a nuclear pact by a week.  More »

Rig rout puts smaller drillers in front as oil majors scale back

Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and Italy toward the end of 2015 and early 2016, while Cairn Energy Plc and Savannah Petroleum Plc plan wells in West Africa.  More »

Pair of companies to build 700,000-barrel crude oil storage near Houston

The two companies said they will build about 700,000 barrels of new crude oil storage and a pipeline near Seabrook, Texas, about 30 miles southeast of Houston.  More »
Total rig count finally rises, but oil rigs are down again

Total rig count finally rises, but oil rigs are down again

The rise in rigs drilling for natural gas increased by five for the week, which was more than the loss of three oil rigs from last week, according to data from oil services provider Baker Hughes.  More »
Iran nuclear deal’s final push sees Kerry, Zarif meet in Vienna

Iran nuclear deal’s final push sees Kerry, Zarif meet in Vienna

Diplomats have predicted talks will run past the June 30 deadline and that foreign ministers from the other negotiating countries — China, France, Germany, Russia and the U.K. — will need to join in.  More »

Congress probing California oil spill that blackened beaches

The House Energy and Commerce Committee on Thursday asked the pipeline operator for detailed information on maintenance of the failed line and inspection records.  More »

Beachfront owner sues pipeline operator over oil spill

The lawsuit filed in Los Angeles is at least the fourth proposed class-action against Plains since the May 19 spill blackened beaches and spread oil at least 100 miles.  More »

Energy Future Holdings calls off sale of power business amid $42 billion bankruptcy

Energy Future filed its $42 billion bankruptcy last year with a plan to break itself in two, giving each part to different sets of creditors. Groups that felt left out of that proposal have been fighting since then.  More »
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