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.
Crewmen work a site for TransCanada's Keystone XL project in Wood County, Wednesday, Oct. 24, 2012, in Winnsboro. (Cody Duty / Houston Chronicle)

Keystone pipeline path illegal, foes tell Nebraska court

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Nebraska landowners opposed to the proposed $5.4 billion Keystone XL pipeline urged the state’s highest court to uphold a judge’s ruling invalidating the route mapped by Governor Dave Heineman and TransCanada Corp.
Categories: Keystone XL
oil and gas by rail

From A to B: The Future of Rail

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As bureaucratic red tape ensnares pipeline projects, shippers are turning to railroads as an alternative mode of transportation. Sustained by the unexpected increase in shipping crude oil by rail, some companies are beginning to consider transporting natural gas as remote drilling locations emerge far from existing infrastructure. The booming natural gas industry is in desperate […]
Greenpeace International activists from eight countries scale and occupy Statoil contracted oil rig Transocean Spitsbergen on May 27, 2014 to protest the company's plans to drill the northernmost well in the Norwegian Arctic at the Apollo Prospect of the Barents Sea, close to the Bear Island nature reserve. (WILL ROSE / AFP/Getty Images)

Statoil strikes out in well at center of Greenpeace standoff

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Statoil ASA failed to find oil in the northernmost site ever drilled off Norway’s Arctic tip.
Categories: Arctic, Environment
(AP Photo/Reed Saxon, file)

Gasoline fears drive congressional energy agenda

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It’s a rite of summer. Just as American motorists hit the highway for road trips and family vacations, Republican leaders on Capitol Hill put oil and gas bills on the agenda.
Categories: LNG, Politics/Policy
Transocean's Discoverer Inspiration drills a test well for Chevron in the Gulf of Mexico St. Malo field. (Transocean)

Transocean partnership files for $350M IPO

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An ultra-deep-water drillship operator that spun out of Transocean Ltd. is planning to hit public markets for $350 million, the firm said Monday.
Categories: Deals
A man walks past a liquefied natural gas (LNG) tanker in Sodegaura City, Japan. Imports to Japan, the biggest buyer of LNG and once Asia’s largest nuclear-power producer, may rise 1.4 percent in 2014 before falling by 1.28 million tons next year as the nuclear plants restart, according to Energy Aspects. (Tomohiro Ohsumi/Bloomberg)

LNG rally fading on new supplies to Asia

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The three-year rally in liquefied natural gas is cooling as Asia-Pacific supplies jump and demand slows from Japanese utilities preparing to restart nuclear reactors.
Categories: LNG, Markets
(Associated Press)

Supreme Court limits existing EPA climate rules on power plants

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The Supreme Court on Monday placed limits on the sole Obama administration program already in place to deal with power plant and factory emissions of gases blamed for global warming.
Categories: Environment
Devon_Logo

Horizontal drilling fuels latest Oklahoma oil boom

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More than 4,600 oil and natural gas wells were completed in Oklahoma last year as part of a domestic boom that is affecting many parts of the nation, according to reports filed with state regulators.
(AP Photo/Nabil al-Jurani, File)

Iraq upheaval threatens oil development plans

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The turmoil in Iraq has thrown the OPEC member’s ambitious plans to boost oil production into doubt, threatening to crimp its most vital economic lifeline.
The U.S. Supreme Court building in Washington, D.C. (Photo: dbking/Flickr)

Supreme Court curbs shareholder class-action suits with Halliburton case

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A Supreme Court ruling Monday will make it easier for Halliburton to fight a lawsuit brought by investors who allege the company misled them.
(Phillips 66)

Phillips 66 acquires lubricants company

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Phillips 66 announced today that it will buy Spectrum Corp., a Memphis-based specialty lubricants company.
Categories: Deals, Finance/Earnings
(AP Photo)

EPA claims victory in Supreme Court decision on pollution rules

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The Supreme Court upholds the EPA’s efforts to limit greenhouse gases from power plants, refineries and factories — a key affirmation of the Obama administration’s climate agenda.