Fuel Fix

(AP Photo/Hasan Jamali, File)

More Iran oil may flow within months of deal, officials say

Both sides are seeking a final deal by the end of June laying out steps that Iran would have to take to limit its ability to enrich uranium and produce plutonium in exchange for phasing out economic sanctions on energy and banking that have cut crude exports, choked cash flow and halted most oil investment.  More »
Photographer: Andrew Harrer/Bloomberg

Obama orders 40 percent cut in government’s greenhouse gases

Obama’s executive order also directs the government to ramp up use of renewable energy sources to 30 percent of the federal government’s consumption.  More »
Leahy's Fuels oil delivery driver Eric Svege makes a home heating oil delivery to a Mariana Farms Drive home, in Danbury, Conn, on Thursday, November 13, 2014.

Natural gas withdraw withers as winter nears end

U.S. Energy Information Administration weekly data showed a withdraw of 45 billion cubic feet, bringing total inventories to 1.47 trillion cubic feet.  More »
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(Photographer: Patrick Semansky/Bloomberg)

Crude inventories offer enough supply for a month of refining runs

The U.S. has enough oil to feed 29 days of refinery demand, the highest level in decades, according to a new government report.  More »
Southwestern Energy chief executive Steven Mueller at a drilling rig near Wonderview, Ark. (Stephen Thornton/The New York Times)

Southwestern Energy sells Pennsylvania pipelines for $500 million

Natural gas producer Southwestern Energy will sell its gathering assets in Pennsylvania for $500 million, the company announced Thursday morning.  More »
JAPAN-ECONOMY-TRADE

Oil exports would give US leverage, former ambassador says

So far, most of the congressional debate on crude exports has focused on the economics of the issue, but former Amb. Carlos Pascual’s comments amplify geopolitical concerns with the longstanding trade restrictions for oil.  More »
Jiang Jiemin, chairman of PetroChina, left, is mobbed by journalists after attending an IPO ceremony for PetroChina at the Shanghai Stock Exchange in Shanghai. (AP Photo)

China indicts former oil boss on corruption charges

Jiang Jiemin was charged with abusing his position at China National Petroleum Corp. and taking bribes, which led to large losses of public money, the national prosecutor’s office said in a statement.  More »
Joe Kaeser, chief executive officer of Siemens AG. (Krisztian Bocsi/Bloomberg)

Siemens drops as oil price slump hurts profitability, sales

Siemens is in the midst of cutting 9,000 jobs to save 1 billion euros in costs by 2017.  More »
Lucas Schifres/Bloomberg

Report: Oil and gas on public lands a ‘blind spot’ in climate fight

The report pinpoints rising methane emissions from oil and gas wells on public lands and waters as a significant share of the heat-trapping gases tied to all energy development nationwide.  More »
Martin Craighead, president and CEO of Baker Hughes Incorporated, speaks at the facility located at 9110 Grogans Mill Road Monday, Feb. 3, 2014, in The Woodlands. (Melissa Phillip/Houston Chronicle)

Baker Hughes’ CEO talked with global conglomerate before Halliburton deal

The CEO of Baker Hughes had met with a global conglomerate in Europe just weeks before his company struck a $35 billion deal to sell itself to Halliburton, new corporate disclosures show.  More »
(Melissa Phillip/Houston Chronicle)

Transocean to scrap four rigs, stack four others

The firm, which has its main U.S. offices in Houston, said Wednesday that scrapping the four rigs “in an environmentally responsible manner” will cost it $300 million to $325 million in non-cash charges during the first quarter.  More »
Oil Boom Shifts The Landscape Of Rural North Dakota

Willbros Group may come under financial pressure in oil slump

Willbros Group, an engineering firm that builds oil-industry projects, says it may not be able to pay off its debt if it can’t persuade lenders to alter its credit agreements.  More »
Laboratory analyst, Syed Ali, takes some measurements in a lab in the research and development building, at the Baker Hughes facility. (Todd Spoth/For the Chronicle)

Dallas Fed: Texas job growth to slow, Houston to see the biggest impact

Declines in the oil and gas industry, tight labor markets and weakening exports led to the revision, the Federal Reserve Bank of Dallas wrote Tuesday.  More »
(Ty Wright/Bloomberg file)

Drilling data shows U.S. oil production is slowing

Drillinginfo’s latest index shows 794,000 new barrels of oil equivalent per day were reaching the U.S. market in February.  More »
Photographer:Dmitry Beliakov/Bloomberg News.

Anadarko buys into Colorado-to-Cushing pipeline project

The Woodlands-based firm said Wednesday it has purchased a 20-percent stake in the pipeline company building the 550-mile Saddlehorn pipe, which is expected to start piping oil from the DJ Basin to the oil hub in Cushing in the middle of next year.  More »
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