Fuel Fix

An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)

Pioneer Natural slashes budget, halts drilling amid oil-price crash

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The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.

Pioneer Natural slashes budget, halts drilling amid oil-price crash

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An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)
The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.
(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

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Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.
(Bob Owen/San Antonio Express News)

City makes deal with Reliant for more green power

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The city is now working to negotiate a 12-month extension with Reliant, a subsidiary of Houston-based NRG Energy.
Categories: Solar, Technology
(Dean Musgrove/Los Angeles Daily News via AP, Pool, File)

Lawyer: Gas well missing valve that could have stopped fumes

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The valve might not have prevented the months-long leak, but it could have stopped the flow of fumes into the community of Porter Ranch, said attorney Brian Panish, who represents residents suing over the months-long leak.
(Flickr user martinluff)

Hundreds more earthquakes jolt Oklahoma in 2015

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Quakes have been on the rise in Oklahoma following a boom in oil and gas activity — state officials have blamed the seismic activity on an increase in wastewater injections in drilling areas.
The sun sets beyond an oil pumping unit, also known as a "nodding donkey" or pumping jack, at a drilling site operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Raymond James: For oil field services companies, 2016 will be a “roller coaster ride”

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Although oil markets are expected to mount a recovery in the second half of 2016, the first part of the year will prove to be difficult for oil field services providers that have already been struggling with a dramatic collapse in oil patch activity.
The Dallas Fed estimates the U.S. has lost 70,000 oil jobs during the 14-month price slump.

Sharp oil spending cuts, distressed sales to loom over 2016

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With no guarantee of an oil-market recovery this year, U.S. drillers will almost certainly have to resort to more unpleasant survival tactics in 2016, including deep spending cuts and some fire sales.
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

National gasoline average starts year below $1.99 a gallon

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AAA estimates the average price of gasoline nationwide for 2016 may end up cheaper than 2015’s average of $2.40 per gallon of regular unleaded gasoline.
A Libyan rebel fighter mans a checkpoint at the entrance of the oil rich port of Ras Lanuf, some 160 kms east of Sirte, on August 26, 2011. British warplanes bombed a bunker in Moamer Kadhafi's birthplace of Sirte as rebel fighters prepared to attack the town, one of the last major regime holdouts east of Tripoli. AFP PHOTO/GIANLUIGI GUERCIA (Photo credit should read GIANLUIGI GUERCIA/AFP/Getty Images)

Libya oil guards clash with Islamic State near biggest terminal

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Libya, with Africa’s largest oil reserves, pumped about 1.6 million barrels a day of crude before the 2011 rebellion that ended Muammar Qaddafi’s 42-year rule.

Crude rallies as tension between Saudi, Iran offsets China weakness

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Three hundred and seventy-three years after the birth of Sir Isaac Newton, and the crude complex is gravitating higher to start 2016. Newton said that ‘to every action there is always opposed an equal reaction’; this notion is currently absent between Iran and Saudi Arabia, as the execution of a prominent Shiite cleric by Saudi Arabia […]
Categories: Asia, Crude oil, Gasoline
Iranian women gather during a demonstration against the execution of prominent Shiite Muslim cleric Nimr al-Nimr (portrait) by Saudi authorities, at Imam Hossein Square in the capital Tehran on January 4, 2016. Tensions between Iran and its Sunni Arab neighbours reached new heights as Saudi Arabia and Gulf allies cut or downgraded diplomatic ties with Tehran in a row over the execution of a Shiite cleric. AFP PHOTO / ATTA KENAREATTA KENARE/AFP/Getty Images

Oil advances as Saudis cut ties with Iran after embassy attacked

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The Saudi government and Bahrain gave Iranian ambassadors 48 hours to leave after protesters set the Saudi embassy in Tehran on fire over the weekend following the execution of Saudi cleric Nimr al-Nimr.
Categories: Crude oil, Middle East
DR Solarjpg

Google helps analyze if rooftop solar panels are good deal

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The service expanded in December to analyze properties in the Raleigh area, as well as 15 other metro areas in Arizona, Nevada, Connecticut, New York, New Jersey, and Colorado.
Categories: Electricity, Solar
This Nov. 3 file photo provided by Southern California Gas Co., shows equipment being used as SoCalGas crews and technical experts attempt to stop the flow of natural gas leaking from a storage well at the utility’s Aliso Canyon facility. (Javier Mendoza/SoCalGas via AP)

Huge natural gas leak in Los Angeles still months from fix

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Officials with Southern California Gas Co., which operates the Aliso Canyon Underground Storage Facility, estimate the new wells may not be finished until the end of February, or even later.
Categories: General, Natural gas
The sun sets in the Uruguayan province of Durazno. (Photo: Esteba Fort)

Uruguay bailing out troubled state oil company

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Uruguay’s congress has approved an $872 million aid package for the country’s debt-ridden state oil company.
Categories: Crude oil