Fuel Fix

A man works on the construction of a Petrobras offshore platform at the BrasFels shipyard in Angra dos Reis, Brazil, Wednesday Sept. 22, 2010. (AP Photo/Felipe Dana)

Petrobras signs $3.5 billion accord with China Development Bank

Petrobras is slashing investments, selling assets and seeking alternative financing options as it grapples with ways to book corruption losses in its financial statements.  More »
Photographer: Daniel Acker/Bloomberg

Reckoning arrives for cash-strapped oil firms amid bank squeeze

April is a crucial month for the industry because it’s when lenders are due to recalculate the value of properties that energy companies staked as loan collateral.  More »
(AP Photo/Brennan Linsley)

Samson Resources says it may seek bankruptcy protection

Oklahoma oil producer Samson Resources says it doesn’t expect to be able to repay its debt with income from battered oil fields and it may have to file for chapter 11 bankruptcy protection or face liquidation.  More »
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A Frank's International crew works on a rig. (Frank's International handout photo)

Frank’s International says it will cut up to 600 jobs

Job cuts at Frank’s International follow tens of thousands of job cuts in the oil field service industry, a labor-intensive business that has been hammered by falling oil prices since June.  More »
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

Judge says jury can decide Alabama’s Gulf-oil-spill claims

BP had moved to block a jury trial for the state.  More »
(AFP/Getty Images)

Construction company embroiled in Petrobras scandal files for bankruptcy

Brazil’s biggest builders have been struggling to make payments to creditors as they defend themselves from allegations that they bribed the oil company for contracts.  More »
(David Paul Morris/Bloomberg)

Mayors from Vancouver and other Canadian cities are trying to halt a Kinder Morgan pipeline

The mayors of seven towns in British Columbia want the proposed Trans Mountain pipeline expansion put on hold.  More »
(Offshore Technology Conference)

OTC panel to talk big ideas on fifth day of programming

Organizers described the lineup as more like South by Southwest or X-Games than an industry conference.  More »
Russell Ashford welds a stainless steel exhaust pipe for a turbine engine at Turbine Power Technology Monday, Feb. 25, 2013, in Franklin, La. ( Brett Coomer / Houston Chronicle )

Texas manufacturers are blaming oil prices for March’s production slump

Production tumbled into negative territory in March for the first time in nearly two years, pointing to a contraction in factory activity.  More »
(RJ Sangosti/The Denver Post via Getty Images)

Sabine Oil & Gas working to avoid defaulting on its debt

All told, Sabine had $2.82 billion in debt as of March 15, with $326.8 million in cash on hand.  More »
The Polar Pioneer, a drilling rig contracted by Shell for Chukchi Sea exploration in 2015, is transported across the Pacific on the heavy-lift vessel Blue Marlin. (Photo: Vincenzo Floramo / Greenpeace)

Shell’s Arctic drilling plans on track as Obama administration OKs lease sale

The Bureau of Ocean Energy Management says there’s more than four times as much oil in the Arctic’s Chukchi Sea as it previously estimated.  More »
(Diego Giudice/Bloomberg News)

Methane leaks from city pipes have dropped sharply, study finds

The research suggests that advancements in equipment and better maintenance are helping drive down emissions of the potent heat-trapping gas.  More »
(Photo by Andrew Burton/Getty Images)

Another state joins the fight against the White House’s new fracking rules

The Obama administration is requiring companies that drill on federal lands to disclose chemicals used in hydraulic fracturing.  More »
(AP Photo/Gerald Herbert, File)

Exxon Mobil starts production at its new deepwater project in the Gulf

Total production of the project is expected to reach about 300 million cubic feet of gas and 3,000 barrels of liquids per day from two wells.  More »
(Apache Corp.)

Apache has pumped almost 1 million barrels of oil from its Egypt fields since November

Apache has already spent $14 million to install production facilities at two fields in Egypt’s Western Desert.  More »
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