Fuel Fix

(Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)

Nigeria’s rating lowered by S&P as oil, politics hit economy

Africa’s largest economy, which derives 90 percent of export earnings and 70 percent of government revenue from oil, is struggling with Brent crude prices having halved since June.  More »
(Ty Wright/Bloomberg file)

Crudes’ good day continues as rig count falls

Rigs chasing crude are now at their lowest level since 2011.  More »
A worker helps monitor water pumping pressure and temperature, at the site of a natural gas hydraulic fracturing and extraction operation run by Encana Oil & Gas (USA) Inc., outside Rifle, in western Colorado. (AP Photo/Brennan Linsley)

Industry swiftly challenges feds’ new fracturing rule

The lawsuit brought by the Independent Petroleum Association of America and the Western Energy Alliance challenges the new mandates as “a reaction to unsubstantiated concerns.”  More »
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Oil facilities pop up from the shallow continental shelf in the Gulf of Mexico. More than five decades after the shallow waters of the Gulf were first explored, it is still being tapped. (Jennifer A. Dlouhy / Houston Chronicle)

Saratoga Resources extends forbearance agreements to restructure debt

The Houston firm is extending the terms of its forbearance agreement with holders of $54.6 million in senior debt and 75 percent of holders of $125.2 million in second lien notes until April 30.  More »
Workers adjust piping during a natural gas hydraulic fracturing  operation at an Encana Oil & Gas Inc. drilling site in western Colorado. (Brennan Linsley/AP)

New federal mandates target hydraulic fracturing

Although the rule only applies to development on public and tribal lands — where there are more than 100,000 oil and gas wells today — environmentalists have argued that tough federal protections could provide inspiration for state regulators.  More »
Deepwater Gulf of Mexico projects are more resilient to short-term price swings, a new report finds.

Gulf of Mexico drills keep spinning despite oil price plunge

The flurry of drilling may be slowing on land because of falling oil prices, but production in the Gulf of Mexico shows no signs of slowing down, a new report finds.  More »
Dave Lesar, third from right, chairman and CEO of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City. (Photo by Spencer Platt/Getty Images)

Halliburton mum on future sales tied to Baker Hughes merger

The world’s second and third-biggest oil field service firms are just a week away from a March 27 shareholder vote on the transaction, one of the biggest energy deals so far this century, which emerged when oil prices were falling sharply last year.  More »
Photographer: Andrey Rudakov/Bloomberg

Russian exports could be the next biggest threat to global crude oil prices

Russia may increase oil exports by as much as 250,000 barrels a day this year, according to the Oxford Institute for Energy Studies.  More »
Dave Washington, left, Bobbie Thompson, and Kevin Hyde, United Steel Workers Local 13-227 members, employed by LyondellBasell Industries Houston, hold a strike claiming unfair labor practices at the oil refinery plant Monday, Feb. 2, 2015, in Pasadena, Texas. (Gary Coronado/Houston Chronicle)

Shell workers in Deer Park end strike

United Steelworkers at Shell Deer Park and Shell Chemical join employees at four Gulf Coast refineries in Louisiana and Texas who have also ended strikes.  More »
Photographer: David Paul Morris/Bloomberg

Property owners seek to block West Virginia pipeline surveys

The pipeline would stretch about 300 miles from northwestern West Virginia to Virginia’s Pittsylvania County.  More »
(Derick E. Hingle/Bloomberg)

Seventh SC coastal town on record against offshore drilling

Opponents of offshore drilling worry that spills could hurt the environment and the important coastal tourism industry.  More »
(Photographer: Daniel Acker/Bloomberg)

Judge rules shale gas pipeline can cross holdout properties

U.S. District Judge Malachy Mannion ruled that the Constitution Pipeline has the necessary permits from the Federal Energy Regulatory Commission and that it serves the public interest by providing additional natural gas pipeline capacity.  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)

Feds to impose hydraulic fracturing mandates

The Bureau of Land Management regulation set to be issued Friday has drawn fire from industry leaders who insist well-tailored state rules are better than one-size-fits-all federal mandates.  More »
Clean up crews use an absorbent boom to collect oil from along side the Yellowstone River in Laurel, Mont., Monday July 4, 2011. An Exxon Mobil pipeline near Laurel ruptured, spilling crude oil into the Yellowstone. (AP Photo/Jim Urquhart)

Exxon finishes $1.3 million in work from 2011 Montana spill

The Texas oil giant paid for emergency training for local responders, fisheries improvement projects on the river and new leak detection equipment for the state.  More »
( Brett Coomer / Houston Chronicle )

Industry study ranks Texas 10th in solar capacity

Texas is the 10th-ranked state for U.S. solar capacity, according to a study published Thursday by the Solar Energy Industries Association, a trade group.  More »
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