Fuel Fix

(AP Photo/Matthew Brown)

North Dakota daily oil production sets record, but rig count dropping

The state’s Mineral Resources Department estimated December production at slightly more than 38 million barrels, or about 1.23 million barrels per day. That broke the November record of 1.19 million barrels per day.  More »
Targa Resources is provider of midstream natural gas and NGL services. Targa employees are working at the Galena Park terminal. Photo: NA / HC

Targa could add workers amid downturn, CEO says

Pipeline and storage terminal operator Targa Resources Partners saw profits edged down slightly in the fourth quarter as operating margins stayed relatively flat.  More »
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Calpine generates quarterly profit increase

Power generator Calpine Corp. reported a $210 million fourth-quarter profit, as it benefited from a decrease in the price of natural gas that fuels its power plants.  More »
(Photographer: Eddie Seal, Bloomberg)

U.S. rigs are being idled, but the oil boom is not ending

The industry has become better at blasting crude out of deep underground layers of rock, according to productivity data tracked by the EIA in the major shale prospects.  More »
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Strike negotiations to resume next week

The United Steelworkers’ strike against what they call unsafe working conditions at refineries and chemical plants remained at an impasse Thursday. Union spokeswoman Lynne Hancock said negotiations would resume next week.  More »
Sen. John Hoeven (AP Photo/J. Scott Applewhite)

Congress to postpone sending Keystone-pipeline bill to Obama

Sen. John Hoeven of North Dakota, the chief Republican sponsor, told reporters Thursday it would be better if Congress was in town when President Barack Obama vetoes the bill “so attention is brought to it.”  More »
A Tour Of The TransCanada Houston Lateral Project Pipe Yard

TransCanada suspends efforts to seize Nebraska land for Keystone

A Holt County District judge issued a temporary injunction Thursday, keeping TransCanada from invoking eminent domain along the proposed Keystone Pipeline route in northern Nebraska.  More »
Waves from the Chukchi Sea lap the coast of Barrow, Alaska, the northernmost city in the United States. (Photo: Jennifer A. Dlouhy / The Houston Chronicle)

Feds release new Arctic drilling analysis

The move by the Interior Department’s Bureau of Ocean Energy Management responds to a federal court ruling against the environmental analysis underpinning that seven-year-old sale, and leaves open the possibility that Shell Oil Co. will resume drilling in the Chukchi Sea this summer.  More »
oil tanker that spilled 450,000 gallons into intracoastal waterway in January 2010 (AP Photo/Pat Sullivan)

Death toll of Brazilian oil ship explosion rises to 5

According to the Unified Oil Workers Federation, Brazil’s biggest oil industry union, the blast was caused by a gas leak in the vessel’s engine room.  More »
(Photo by Eddie Seal for Bloomberg News)

C&J Energy cutting costs but sees opportunity amid oil crunch, CEO says

C&J Energy Services executives say the company’s deal to acquire Nabors Industries’ hydraulic fracturing fleets should help stem the losses from the industry downturn, but that it’s planning input and labor cost cuts to brace for a tough year  More »
(Photo courtesy of Shell Oil Co.)

Commentary: Port of Seattle and Shell quietly sign deal to house company’s Arctic drilling fleet

With rapid authorization, negotiation and signing of the lease — reminiscent of how decisions on the waterfront used to be greased — the port has secured a $13.17 million deal and forestalled efforts by the region’s environmental groups to stop it.  More »
(AP Photo/Brennan Linsley)

Natural gas prices fall as withdraws stay low

Natural gas futures traded down Thursday morning as the weekly inventories report from the U.S. Energy Information Administration showed a weaker-than-expected withdraw for the third consecutive week.8.4 cents to $2.713  More »
A group of idle rigs is seen behind James Noe, Senior Vice President, General Counsel and Chief Compliance Officer for Hercules Offshore while aboard the Hercules 251 a shallow water drilling rig owned by on Wednesday, Aug. 11, 2010, near Port Fourchon, La. (Smiley N. Pool /Chronicle)

Hercules Offshore lays off 30 percent of workforce

Offshore driller Hercules Offshore has laid off 30 percent of its workforce since October, company officials said on a conference call with analysts Thursday.  More »
Workers walk by the two amylene treaters (dark gray) and the demethanizer tower (right) as construction continues at the Anadarko Brasada Gas Plant in La Salle County south of Cotulla in March 2013.  (Jerry Lara/San Antonio Express-News)

1,100 natural gas utility workers on Long Island eye walkout

A union spokesman says Thursday that contract talks are ongoing with National Grid in an effort to avoid a walkout.  More »
(Alexander Zemlianichenko Jr./Bloomberg)

Driller: More than 1,000 field hands out of work as rigs decline

Fifty of Precision’s 250 drilling machines, each with crews of 20 to 25 field hands, are no longer running after oil prices have been cut in half since last summer, the firm said in its fourth quarter earnings release Thursday.  More »
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