Fuel Fix

Original byline: Jim Blecha/

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

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Categories: Crude oil, Deals, featured, Shale
The most recent deal comes on the heels of Vanguard’s announcement in April that it will acquire LRR Energy LP for more than $250 million.

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

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Categories: Crude oil, Deals, featured, Shale
Original byline: Jim Blecha/
The most recent deal comes on the heels of Vanguard’s announcement in April that it will acquire LRR Energy LP for more than $250 million.
Marathon Bakken drilling

‘Shale-ionaires’ suffering from wave of bankrupt oil drillers

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A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.
Categories: featured, Shale

Sen. Lisa Murkowski, R-Alaska, speaks during the opening panel discussion of IHS Energy CERAWEEK on Monday, April 20, 2015, in Houston. ( Brett Coomer / Houston Chronicle )

Murkowski pushes to lift oil export ban as part of Iran nuclear bill

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Sen. Lisa Murkowski, R-Alaska, is pushing a plan to lift the crude export ban in her latest bid to tie the oil export debate to the Iran nuclear deal.
An LNG tanker. Photographer: Tomohiro Ohsumi/Bloomberg

EIA: The U.S. will be a net natural gas exporter by 2040, even with the most conservative projection

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The U.S. could be exporting anywhere between 0.2 trillion cubic feet and 10.3 trillion cubic of liquefied natural gas by 2040, according to the latest government projection.
Categories: LNG, Markets

(David Paul Morris/Bloomberg)

Refining boosts Valero to a record first quarter

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The results handily beat analysts’ estimates that the San Antonio-based refiner would earn $1.72 a share.
Iris Smith, right to left, Michael Smith, Sig Cornelius, Charles Reimer, Hiroshi Ozaki, Yuji Kakimi, and Dennis Bonnen breaking ground at the Freeport LNG Liquefaction Project groundbreaking ceremony. (For the Chronicle/Gary Fountain, November 10, 2014)

Massive Freeport LNG project chugs forward with $12.5 billion in its back pocket

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Freeport LNG has secured the final piece of financing for its $12.5 billion liquefied natural gas export terminal, placing the company on track to begin producing within three years.
Categories: featured, LNG
Robert " Bob" Dudley, chief executive officer of BP Plc (Photographer: Simon)Dawson/Bloomberg

BP cuts hundreds of jobs as profits fall by nearly $1 billion

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BP said Tuesday it lost $375 million on cancellation fees for two deep-water rigs in the Gulf of Mexico.
(AP Photo/Bruce Crummy, File)

Investigators release records of fiery North Dakota derailment

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Federal investigators said in the documents that a broken train axle found after the derailment might have been prevented if BNSF railroad had inspected it more carefully and found a pre-existing flaw.
Categories: Accidents, Crude oil, Rail
OAO Lukoil's Leonid Fedun pauses during an interview at the company's headquarters in Moscow, Russia, on Wednesday, June 25, 2014. (Alexander Zemlianichenko Jr./Bloomberg)

Russia’s second largest oil company maintained its 1Q dividend, despite crashing crude prices

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The Moscow-based producer has cut spending for this year in response to the decline in oil, trimming expenditures on older Siberian wells and some international projects.
(Andrey Rudakov/Bloomberg)

Russia will meet with OPEC before the cartel’s next meeting in June

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Talks with the 12-nation group will take place on June 2-3, Energy Minister Alexander Novak said Tuesday in Moscow.
Patrick Pouyanné, CEO of French oil company Total, speaks at the IHS Energy CERAWeek in Houston. (Billy Smith II / Houston Chronicle)

Total’s profit fell 20 percent in first quarter, despite surging production

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CEO Patrick Pouyanne said Total is “demonstrating its resilience and profiting from its integrated model” in the face of a 50 percent drop in the average Brent crude oil price over the last year.
(Bloomberg Photo/Scott Dalton)

South Dakota hearing on Keystone XL pipeline delayed

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Pipeline opponents asked for the hearing postponement in South Dakota because they said the original schedule was too tight.
Categories: Keystone XL
(Jim Wilson/The New York Times)

Florida House passes legislation banning fracking bans

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Democrats opposed the bill, saying fracking should be banned in Florida because of the potential to contaminate groundwater.
(Michael Stravato/The New York Times)

International LNG import terminals head offshore, EIA says

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The floating regasification facilities can be developed more quickly than onshore facilities of comparable size and can be moved around to serve other areas once larger projects are in place.
Categories: LNG
(Matthew Lloyd/Bloomberg)

BP says oil spill bill over $2 billion would be “severe”

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Any fine above $2 billion against BP for the Deepwater Horizon disaster would be “extraordinary and severe,” double the highest-ever U.S. water-pollution fine and potentially crippling its American oil business, BP said in court documents.
Arthur Perales III works on a gear reducer at the Weatherford rod-pump manufacturing plant Thursday, June 26, 2014, in Katy. (Brett Coomer/Houston Chronicle)

Texas manufacturing slips again as oil and gas orders disappear

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The production index, a key measure of the manufacturing conditions, remained in negative territory for the second month in a row, with 3 out of 10 executives reporting seeing production fall between March and April, according to responses to the Federal Reserve Bank of Dallas’s monthly survey.
Categories: Crude oil, featured
(AP file photo/Paul Sakuma)

Gasoline prices jump 11 cents as crude rises

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Rebounding crude prices have caused gasoline prices to tick up again, but fuel still remains at its cheapest seasonal level in six years.
Categories: Crude oil, featured, Gasoline