Fuel Fix

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

Paragon Offshore reaches creditor deal for bankruptcy filing

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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

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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

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

The Freeport LNG Liquefaction Project expansion (Freeport LNG)

Freeport LNG signs deals with Asian firms for gas exports

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Houston-based Freeport LNG has inked deals to supply Toshiba Corp. and a South Korean utility with natural gas liquefied at its Quintana Island, Texas facility, the company announced Monday.
Categories: LNG, Natural gas
(Bill Montgomery photo/Houston Chronicle)

Switch that can lower electric bills

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As grid planners work to ensure that Texas can generate enough electricity when people use it most, electric companies are helping — and potentially profiting — by rewarding customers who use power when demand is lower.
Categories: Electricity
(Image: Fotolia)

Wind energy company launches $320 million IPO

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A San Francisco-based wind power company that is building a 218 megawatt wind power facility in the Texas Panhandle is reaching out to public markets with a $320 million initial public offering.
Categories: Finance/Earnings, Wind
A thick cloud of fog and morning light engulfs wind turbines at the BP Sherbino Mesa II Wind Farm in Fort Stockton. ( Michael Paulsen / Houston Chronicle )

Renewable power falls as Texas wind underperforms

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U.S. renewable power generation fell 4 percent in August, compared with the same month a year ago, as Texas wind and other resources underperformed, according to an analysis from research firm Genscape.
Categories: Electricity, Wind
(AP Photo)

BP Texas refinery neighbors seek billions at toxin trial

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BP Plc (BP/) faces the first of almost 48,000 toxic exposure claims from neighbors of a Texas refinery who say they’ll give the billions of dollars in punitive damages they’re seeking to charity if they win at trial.
Categories: Legal issues, Refining
Wayne Knox, Assistant Construction Manager - Contractor for TransCanada's Keystone XL project looks at a pipe before it's lowered into the ground in Wood County, Wednesday, Oct. 24, 2012, in Winnsboro. (Cody Duty / Houston Chronicle)

Billionaire Steyer highlights exports in anti-Keystone ad

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Billionaire investor Tom Steyer said he is backing a four-part, $1 million advertising campaign aimed at convincing viewers the Keystone XL pipeline will hurt the economy and communities and should be blocked.
Categories: Keystone XL, Pipelines
A gas station attendant pumps gas, in Portland, Ore.  (AP Photo/Rick Bowmer, File)

US gasoline rises to $3.58 a gallon in Lundberg Survey

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The average price for regular gasoline at U.S. pumps rose 2.61 cents in the past two weeks to $3.5847 a gallon, according to Lundberg Survey Inc.
Categories: Gasoline
An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Shell to negotiate with Nigerians over oil spill

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Shell officials on Monday will begin talks in Nigeria’s southern city of Port Harcourt with representatives for the Bodo community on compensation and cleanup five years after one of the worst oil spills in Nigeria’s history.
Categories: Accidents, Africa, Crude oil
Jiang Jiemin, chairman of PetroChina, left, is mobbed by journalists after attending an IPO ceremony for PetroChina at the Shanghai Stock Exchange in Shanghai. (AP Photo)

Report: China questioning 5 more oil executives

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Five more executives of Chinese oil companies are being questioned in a spreading anti-graft probe of the industry, a newspaper reported Monday. One of the companies rejected the report as inaccurate.
Categories: Legal issues
Supporters of former presidential candidate Andres Manuel Lopez Obrador cheer as they listen to Lopez Obrador during an act to protest against the government's proposed energy reforms. (AP Photo/Marco Ugarte)

Thousands protest Mexico oil reform

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Thousands of people rallied Sunday in Mexico City to oppose President Enrique Pena Nieto’s plan to open the state-owned oil sector to profit-sharing contracts with private firms.
(Image: Fotolia)

Commentary: Can North America unconventionals replace lost Mideast oil?

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Since Egyptian President Hosni Mubarak fell from power in February 2011, U.S. and Canadian oil production has risen by a total of 2.57 million barrels a day. That’s three times that amount of oil production that has been lost to world supply directly from Arab Spring violence in Syria, Yemen and Bahrain.
Categories: Crude oil, Middle East
Orji Uzor Kalu, chairman of SLOK Holding, interviewed for Chronicle story August 2013.

Q&A: Oil chief sees potential for growth in Nigeria

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Orji Uzor Kalu, chairman of oil and gas company SLOK Nigeria, speaks with FuelFix about oil and gas ties between Nigeria, the U.S. and China.
Categories: Africa