Fuel Fix

Rep. Sylvester Turner speaks at the Texas State Capitol in 2009. (Jay Janner/Austin American-Statesman)

Electric industry pushes back against bill restricting minimum-use fees

During a late-night hearing in Austin on Wednesday, the companies argued that “minimum use fees” — charged to customers who use too-little electricity each month — are fundamental to the economics of some power plans.  More »
A jar holding waste water from hydraulic fracturing is held up to the light at a recycling site in Midland, Texas. (AP Photo/Pat Sullivan)

Both Democrats and Republicans are unhappy with new fracking rules

Republicans say the new regulations, announced last week, will delay new drilling projects and take marginal lands out of production. Democratic lawmakers say the regulations are so mild that they won’t change current operating standards.  More »
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

Report: Drilling activity could rebound as service costs fall

The number of wells will fall this year, but drilling should recover by next year as oil companies “seize their chance to drill at lower cost,” the report notes.  More »
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Cyprus' President Nicos Anastasiades listens during an interview with the Associated Press at his office in the presidential palace in capital Nicosia, Cyprus. (AP Photo/Petros Karadjias, File)

Cyprus draws Norway parallel after latest gas quest failure

President Nicos Anastasiades told reporters Thursday he’s not disheartened by the failure of an Italian-South Korean consortium to find commercially viable amounts of gas during exploratory drilling in an area off Cyprus’ southern coast.  More »
(Eddie Seal/Bloomberg)

Natural gas inventory build sends prices plummeting

The Energy Department reported that natural gas in U.S. storage rose by 12 billion cubic feet to 1.48 trillion cubic feet.  More »
a worker sprays water in the switchyard area of the under- construction coal-fired power plant, partially financed by the Japan Bank for International Cooperation, in Kudgi, India. (AP Photo/Aijaz Rahi)

Japan uses climate cash for coal plants in India, Bangladesh

Despite mounting protests, Japan continues to finance the building of coal-fired power plants with money earmarked for fighting climate change, with two new projects underway in India and Bangladesh.  More »
A Houthi Shiite fighter stand guard as people search for survivors under the rubble of houses destroyed by Saudi airstrikes near Sanaa Airport, Yemen, Thursday, March 26, 2015. (AP Photo/Hani Mohammed)

Yemen bombing spurs gains in almost all commodities as oil jumps

Saudi Arabia led a coalition of Sunni allies, including United Arab Emirates, Kuwait, Bahrain and Qatar, in air strikes in Yemen against Shiite rebels.  More »
(AP Photo/Ken Taylor/Shell/PA Wire)

Shell cuts staff numbers in North Sea operations

The price of Brent crude, an international variety of oil, dropped about 50 percent last year and the industry is scrambling to figure out how to address the price shock.  More »
A General Electric Co. employee assembles a component for a gas turbine at the company's factory in Belfort, France. (Fabrice Dimier/Bloomberg)

GE increases oil field equipment job cuts to 575

The move comes after GE notified regulators in January of plans to cut 330 positions in a division acquired in 2013.  More »
Driller Paul Allison operates the independent Barrett Brothers Number 1 drilling rig in Presideo County between Alpine and Marfa, Texas.

Personal income grew the most in energy producing states in 2014, government data shows

Crude oil prices grew for the first six months of 2014, hitting their peak in June at $107. That helped boost the economies of states like Alaska and North Dakota, where the oil and gas industry are big employers and help bolster state budgets.  More »
(PVCG/Flickr)

Mexico says arson at U.S. company linked to extortion

Smaller Mexican companies have been subject to such extortion demands, but larger, foreign-owned firms have seldom been acknowledged as targets.  More »
A sign tower reaches toward the sky at the entrance to Schlumberger's Sugar Land campus. (AP file photo/Pat Sullivan)

DOJ: Schlumberger violated Iran sanctions, will pay $232 million fine

The deal marks the end of a six-year federal probe into the company’s activities in two Middle Eastern countries, which found the U.S.-based subsidiary “took steps to disguise” its overseas dealings for several years.  More »
An oil tanker navigates the Houston Ship Channel in Houston, Texas on Friday June 13, 2003. Photographer:  F. Carter Smith/ Bloomberg News.

Report: Crude export ban helps few refiners but hurts all US producers

Light, sweet crude flowing out of the Eagle Ford would attract higher, premium prices on the world market, if those oil exports weren’t prohibited by U.S. trade policy, a Rice University study concludes.  More »
(Photo by Andrew Burton/Getty Images)

North Dakota oil rig count drops below 100

North Dakota is the nation’s No. 2 oil producer behind Texas. North Dakota has been producing about 1.2 million barrels of oil daily.  More »
(David Paul Morris/Bloomberg)

Chevron to hunt for oil in Myanmar

Unocal Myanmar Offshore Co. Ltd. has signed a production sharing contract with the state oil company, Myanma Oil & Gas Enterprise, to explore the Rakhine Basin.  More »
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