Fuel Fix

More oil rigs shut down this week

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Categories: Crude oil, featured, Markets
The number of U.S. rigs chasing oil fell to a total of 646 this week, according to a weekly tally by oil service company Baker Hughes.
Alan Sadler

Feds’ plan to boost biofuel targets draws fire from all sides

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In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.

(AP Photo / Kent Skibstad, NTB scanpix)

Talisman, Statoil not selling Eagle Ford acreage

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Talisman Energy and Statoil ASA’s effort to sell their joint venture in the Eagle Ford Shale has ended after offers came in lower than expected, Bloomberg News is reporting. Bloomberg reports.
(Carolyn Mary Bauman /Fort Worth Star-Telegram)

Should wind power blow free through Texas power lines?

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The state’s electricity regulator is looking into who should pay for transmission lines that mostly carry wind-generated power.

dollar falling graph

Oil slips closer to $103 as supply fears recede

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Oil has been falling steadily since it hit a 10-month closing high of $107.26 on June 20 as the Iraqi government has slowly re-established stability.
Firefighters battle a blaze caused this week by a lightning strike at a saltwater disposal facility near Alexander, N.D. In just over a month, lightning strikes have destroyed three of the state's more than 440 saltwater disposal facilities. Saltwater is a byproduct of oil production. (AP Photo/Josh Wood)

Lightning hits 3rd North Dakota saltwater facility

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In tanks, the mix of gas and oil that comes with the saltwater can be volatile.
The sun rises over a drilling site in Frio County, Texas. (Jerry Lara/San Antonio Express-News)

Swaps could be next way around oil export ban

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Energy companies already have found one way to export some of the crude pouring out of Texas wells, despite a longstanding ban on selling U.S. oil overseas. Now they’re looking at another strategy.
The late Houston pipeline tycoon and philanthropist Dan Duncan donated millions to charities. (Johnny Hanson/Houston Chronicle)

New Forbes list of billionaire families ranks Duncan heirs No. 10

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The heirs of Houston pipeline tycoon and philanthropist Dan Duncan rank No. 10 on a new Forbes list of billionaire families.
Categories: General, Pipelines
A multibillion-dollar expansion of  Dow Chemical Co's Freeport complex is one of many Gulf Coast petrochemical projects driven partly by low-priced U.S. natural gas.  (Dow Chemical Co. photo)

Surge of industrial projects to lift U.S. gas demand

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A wave of gas-to-liquids investments and other U.S. industrial projects will likely boost demand for natural gas by 19 to 31 percent through the end of the decade, a new study shows.
Categories: Chemicals, Natural gas, Shale