Fuel Fix

A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)

Paragon Offshore reaches creditor deal for bankruptcy filing

Under the plan, the oil services provider will be able to reduce more than $1.1 billion of debt and loosen some covenants, the company said.

Paragon Offshore reaches creditor deal for bankruptcy filing

A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)
Under the plan, the oil services provider will be able to reduce more than $1.1 billion of debt and loosen some covenants, the company said.
( Johnny Hanson / Chronicle )

Rig count tumbles again

The total rig count, which when including natural gas rig fell by 30, now stands at 541.
Categories: Crude oil, featured

handshake  behind a corporative building.Great for any design.

Harvest Natural in talks to sell Venezuelan assets

Harvest, which is based in Houston, has its principal operations in Venezuela.
Categories: Latin America
(Nick De La Torre / Houston Chronicle)

LNG export critics call on Energy Dept. for time out

With the Obama administration on Wednesday approving a fourth company’s plans to sell natural gas overseas, some lawmakers and manufacturers said it’s time for the federal government to reassess the economic risks of those export approvals.
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

New Mexico, Chevron settle over cleanup costs

The state alleges Chevron falsely claimed it didn’t have and didn’t collect on insurance to pay for cleaning up petroleum contamination.
Categories: Environment
Miguel Galuccio (right), the CEO of Argentinian oil and gas firm YPF, speaks to industry leaders after giving a speech at the Latin America Oil & Gas Summit at the Westin Galleria in Houston on Wednesday, Sept. 11, 2013. (Harry R. Weber/Houston Chronicle)

Argentina’s YPF eyes vast potential of Vaca Muerta Shale

Argentinian oil and gas firm YPF is hoping to unlock its country’s vast resource potential, and its eyes for now are squarely on the giant Vaca Muerta formation, CEO Miguel Galuccio told an industry conference in Houston on Wednesday.

Study reveals significant number of eagle deaths by wind farms

A new scientific study is one of the first tallies of eagle deaths attributed to the nation’s growing wind energy industry, which has been a pillar of President Barack Obama’s plans to reduce the pollution blamed for global warming.
Categories: Environment, Wind
The "Norman Lady" delivers liquefied natural gas to the Dominion Natural Gas Plant's offshore docking facility in Cove Point, Md., in 2003.  (AP Photo/ Matt Houston)

Obama administration authorizes more natural gas exports

The Obama administration on Wednesday authorized a fourth company to broadly export U.S. natural gas, giving Dominion conditional approval to sell the fossil fuel abroad after processing it at a Maryland facility.
A Texas power plant operates natural gas and coal-fired units. (AP Photo)

Feds consider ban on new coal plants that lack expensive carbon controls

The EPA agreed to revise a similar proposal from last year in response to opposition by utilities and coal producers who said it would effectively kill coal as a power source.
Categories: Electricity, Environment
A production facility in the Gulf of Mexico. (Simone Sebastian/Houston Chronicle)

Noble Energy discovers oil and gas at Gulf of Mexico site

The Houston company said it has discovered between 50 million and 100 million barrels of oil equivalent at its Troubadour exploratory well in the deep-water Gulf of Mexico.
A worker uses a headset and microphone to communicate with coworkers over the din of pump trucks, at the site of a natural gas hydraulic fracturing and extraction operation run by the Encana Oil & Gas (USA) Inc., outside Rifle, in western Colorado. (AP Photo/Brennan Linsley)

Anadarko, Noble launch campaign to tout fracking to wary Westerners

Anadarko Petroleum Corp. and Noble Energy have teamed up to tout the benefits of oil and gas development in Colorado, amid mounting opposition to hydraulic fracturing in the state.

Pennsylvania files criminal charges against XTO Energy

Attorney General Kathleen Kane has filed criminal charges against XTO Energy, Inc. over a 2010 spill of natural gas drilling wastewater in Lycoming County.
Categories: Accidents, Legal issues

Power sector spending surging

Major names in electricity and other utilities boosted investments to $86.5 billion in the 12 months before July, an 11 percent rise over last year, according to SNL Energy.
Categories: Electricity
Photo: digitalrelations.org

Commentary: Six reasons why getting involved in industry activities helps build your “career snowball”

Think about it: universities like candidates who participate in pursuits beyond their studies because it shows that a potential student can commit to something, manage their time, and have a passion for something as demonstrated by the fact that they volunteered for it.
It goes without saying that in the professional world, the stakes are much higher than just getting into college: money, promotions, and opportunities to work on the most interesting projects to name a few!
Categories: People, Workforce