On Dec. 17, 2014, New York environmental conservation commissioner Joseph Martens, right, explains the department's findings on hydraulic fracturing during a cabinet meeting at the Capitol in Albany, N.Y. At left is acting health commissioner Dr. Howard Zucker.  (AP Photo/Tim Roske)

NY farmers lament lost opportunity for gas riches

on
While environmental groups are doing a victory dance over New York’s decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and dreams.
Venezuelan President Nicolas Maduro (MIGUEL ANGULO/AFP/Getty Images)

U.S.-Cuba deal shows Venezuelan oil giveaways running out

on
Venezuela sent about 100,000 barrels a day to Cuba last year in exchange for medical personnel as part of a regional subsidy program to promote the government’s socialist message.
(Ty Wright/Bloomberg file)

Rig count falls for second week

on
The number of rigs searching and drilling for oil and gas across the U.S. fell by 18 this week to 1,875, according to data from oil service company Baker Hughes.
Photo:  www.salon.com

Shale debt crunch could intensify in April

on
U.S. oil companies could see the amount of money they can borrow shrink significantly next April when banks reassess credit conditions amid falling oil prices.
(AP Photo/Tony Gutierrez, File)

Texas lawmaker seeks to protect urban drilling

on
State Rep. Phil King filed a pair of bills this week, cities seeking to ban fracking would need to gain approval from the state attorney general, pay the state to study the financial impact and reimburse the state for any lost tax revenue.

LyondellBasell names new CEO

on
Chemical company LyondellBasell Industries tapped Bhavesh V. “Bob” Patel, an executive vice president with the company, to serve as its new executive officer, the company announced Thursday morning.
A Marathon Oil drilling rig works in the Bakken Shale of North Dakota. (Houston Chronicle)

Marathon Oil will cut more than $1B from 2015 budget

on
Marathon Oil Corp. will spend about 20 percent less looking for and producing oil next year, the company said on Thursday.
Photo:  tumblr.com

Holiday gift guide for the roughneck or petroleum engineer in your life

on
I’ve got you covered with the list of things anyone would be proud to show off both in the field (well, some of them anyways) or the office.
alaska-pipeline

Enterprise abandons Bakken pipeline

on
The proposed line would have run 1,200 miles from the prolific oilfields of North Dakota to the oil transportation hub in Cushing, Oklahoma.
A lawsuit claims that Goldman Sachs' involvement steered El Paso into Kinder Morgan's arms for a lower price than the company was worth. Photo: Richard Drew / AP

Big oil could chop $930B in projects as prices fall

on
Global oil markets could lose as much as 7.5 million barrels of crude over the next decade if sunken oil prices stall the slate of new oil and gas projects around the world, a new report says.