Fuel Fix

Photographer: Andrey Rudakov/Bloomberg

Balkan states seek gas partnership that may cut Russian reliance

Balkan nations on the Adriatic sea plan to build a new gas pipeline and connect their networks in a move that may help reduce Europe’s dependence on energy imports from Russia.  More »
(Photo by Eddie Seal for Bloomberg News)

Carbo to mothball Georgia proppant plant

Carbo did not say how many jobs would be affected by the plant closure.  More »
Photographer: Rich Press.

Wood Mackenzie scooped up for $2.8 billion

The deal will allow Verisk Analytics, a New Jersey-based company, to expand its reach into sectors where it doesn’t have a big presence.  More »
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Photographer: David Paul Morris/Bloomberg

Feds take comments on $5 billion natural gas pipeline

The pipeline is a joint project of Dominion, Piedmont, Duke Energy and AGL Resources.  More »
(DEwira/AFP/Getty Images)

OPEC keeping oil policy unless others cut, former energy minister says

OPEC is scheduled to next meet in Vienna in June, seven months after deciding to maintain output levels and protect market share.  More »
Driller Paul Allison operates the independent Barrett Brothers Number 1 drilling rig in Presideo County between Alpine and Marfa, Texas.

BPZ Resources files for Chapter 11 bankruptcy protection

Oil and natural gas exploration BPZ Resources is filing for Chapter 11 bankruptcy protection, citing the plunge in oil prices and its inability to find financing.  More »
(Cody Duty/Houston Chronicle)

Union, Shell negotiators meet Monday

No details were released about the progress of the talks on Monday.  More »
apache corp. irion wolfcamp barnhart

Protesters target Apache over Argentine drilling

Apache called the claims “without merit.”  More »
Gov. Tom Wolf speaks to members of the media after he signed an executive order restoring a moratorium on new drilling leases involving public lands, Thursday, Jan. 29, 2015, at the Benjamin Rush State Park in Philadelphia. The executive order ends a short-lived effort by his predecessor to expand the extraction of natural gas from rock buried deep below Pennsylvania's state parks and forests. (AP Photo/Matt Rourke)

Pennsylvania governor advances tougher gas drilling rules

The proposal is the first signal from Gov. Tom Wolf’s administration of how it will approach the natural gas industry after the Democrat campaigned last year on a promise to toughen state regulation of the industry.  More »
(oilfieldservicesgrandeprairie.com)

Oil tool suppliers cut another 360 jobs in Texas

Baker Hughes led the pack, cutting 191 jobs last month at separate facilities in Kilgore and Snyder, Texas, according to the Texas Workforce Commission. That’s part of the firm’s plan to ax 7,000 jobs in the first quarter.  More »
A Sasol Ltd. employee enters the company's headquarters in Johannesburg, South Africa, on Monday. Sept. 13, 2010. Photographer: Nadine Hutton/Bloomberg

Sasol cutting 1,500 jobs to cope with low oil

The firm is cutting jobs through voluntary retrenchments or early retirements, and it has stopped hiring new workers and isn’t filling vacancies for now, Sasol CEO David Constable said in written statement Monday.  More »
Jeremy Rediger, a propane delivery driver for Michlig Energy, makes a delivery to a residence outside Annawan, Illinois, U.S., on Thursday, Nov. 20, 2014. Photographer: Daniel Acker/Bloomberg

Low natural gas prices aren’t reaching consumers

The benchmark futures price for natural gas, set at Louisiana’s Henry Hub, has fallen from more than $4 at the end of last year to under $3 currently.  More »
(Jason Alden/Bloomberg)

BP discovers second big natural gas reservoir in Egypt

The British oil giant’s new gas discovery contains more than 5 trillion cubic feet of natural gas equivalent.  More »
Photographer: Ty Wright/Bloomberg

Houston’s Dune Energy seeks bankruptcy protection

Dune Energy, a Houston-based exploration and production company, filed for bankruptcy protection in federal court Sunday.  More »
(Eddie Seal/Bloomberg)

Downgrades, offerings add $30 billion to energy junk bonds

The energy sector’s high-yield bonds – so-called “junk bonds” considered at risk of default – have climbed to $247 billion in the last two months, the largest share of any industry with 17.5 percent of high-yield bond market.  More »
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