Fuel Fix

Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

A single oil rig was shut down last week, extending six month decline

on
As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.

A single oil rig was shut down last week, extending six month decline

on
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)
As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.
Original byline: Jim Blecha/

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

on
The most recent deal comes on the heels of Vanguard’s announcement in April that it will acquire LRR Energy LP for more than $250 million.
Categories: Crude oil, Deals, featured, Shale

FedEx cuts forecasts and Asia capacity

on
Third-quarter net income falls by a steeper than expected 31% on poor air freight markets and customers’ shift towards lower-cost transport modes
Categories: Uncategorized

Medvedev lambasts EU over Cyprus levy

on
The Russian prime minister compared the bailout plan to Soviet-style expropriations and said the union has acted like an ‘elephant in a china shop’
Categories: Uncategorized

Death of a Battery

on
This is a guest post by Tom Murphy. The original can be found at Do the Math.
Four golf-cart batteries used in my off-grid home PV system. Each is 12 V, 150 A-h, thus 1.8 kWh of storage.
All the metrics looked great. The 2.7-year-old lead acid batterie…
Categories: Uncategorized

Death of a Battery

on
This is a guest post by Tom Murphy. The original can be found at Do the Math.
Four golf-cart batteries used in my off-grid home PV system. Each is 12 V, 150 A-h, thus 1.8 kWh of storage.
All the metrics looked great. The 2.7-year-old lead acid batterie…
Categories: Uncategorized
(KellBailey/Flickr)

Ethanol brawl heats up between oil and corn industries

on
A fight between oil giants and the ethanol industry is escalating, as a new oil industry study says ethanol in fuel will hurt consumers and the economy, and ethanol producers say oil producers and refiners simply want to protect their market.
Categories: Politics/Policy

French authorities raid Lagarde’s flat

on
As part of their probe into a 2008 payment to Sarkozy supporter Bernard Tapie, investigators raid the Paris flat of IMF chief Christine Lagarde
Categories: Uncategorized

Chinese premier pressed on cyber spying

on
Newly appointed US Treasury secretary Jack Lew tackles the issue at a meeting with Chinese Premier Li Keqiang during a visit to Beijing
Categories: Uncategorized

Suntech unit declared bankrupt

on
Company that was until recently the world’s largest producer of solar panels becomes the first big Chinese group in the sector to enter insolvency
Categories: Uncategorized

Drumbeat: March 20, 2013

on
Big energy goals get a push
A new National Research Council report says the U.S. may be able to reduce fossil fuel consumption and greenhouse gas emissions by 80% by 2050 in light-duty cars and trucks.

The highly ambitious goal could be reached, the r…

Categories: Uncategorized
A Phillips 66 refinery. (Phillips 66)

Phillips 66 signs deals to use more U.S. shale crude

on
Kicking its strategy of using cheaper crude oil from U.S. shale plays into high gear, Phillips 66 has signed deals with three midstream companies to bring as much as 130,000 barrels a day of North American crude oil to its refineries.

Osborne cuts taxes to drive UK recovery

on
Chancellor cuts corporation tax, offers support for homebuyers and will bring in more aggressive monetary policies as OBR slashes growth forecasts
Categories: Uncategorized
Oil workers make adjustments to increase a well's production. (AP Photo/Hasan Jamali)

Major workforce shortage pounding energy industry

on
There are about 4.5 million to 5 million skilled trade workers in the oil and gas industry in North America, about a million fewer than in the mid-2000s, an expert told members of the American Fuel and Petrochemical Manufacturers at its annual meeting here Tuesday.

Autonomy founder urges clarity from HP

on
Former chief executive asks investors to press for more detail on the US tech group’s $8.8bn writedown ahead of its annual meeting
Categories: Uncategorized

FPSOs for Lula presalt deepwater Brazil fields in negotiations

on
Petróleo Brasileiro S.A. – Petrobras is in negotiations for the contracting with consortium QGOG/SBM (Queiroz Galvão Óleo e Gás S.A./ SBM Offshore) of two FPSOs for production development at Lula Alto and Lula Central, in Lula field, San…
Categories: Offshore

Equity rules choke growth, warn chiefs

on
Swedish industrialists say European companies are hampered by regulations that force them to sell themselves rather than raise funds
Categories: Uncategorized