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.
( Johnny Hanson / Chronicle )

Rig count tumbles again

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Categories: Crude oil, featured

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
In this Thursday, Jan. 28, 2010 file photo, A worker walks past tanks at a Petrochina storage base in Suining, in southwest China's Sichuan province. (AP Photo)

Graft probe threatens PetroChina as executives targeted

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PetroChina Co. (857), the oil producer that became the first $1 trillion company, is the target of a widening anti-corruption probe that threatens the biggest shakeup of China’s oil industry in 15 years.
Categories: Legal issues
(Image: Fotolia)

Houston oil and gas company filing to go public

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After selling to a group of private equity firms lasts year, EP Energy LLC — formerly the exploration and production arm of El Paso Corp. — is reaching out to public markets.
Categories: Finance/Earnings

The Last Drumbeat

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Is the idea of peak oil a false projection or impending reality?
The world has recently been exposed to many optimistic estimates on the future of oil production and the media has eagerly picked up these projections. International Energy Agency estimat…
Categories: Uncategorized
Land owners and protesters gather on the steps of the Kentucky state capitol in Frankfort, Ky., Aug. 7,  to oppose a pipeline that would carry flammable liquids through northern Kentucky.  (AP Photo/Dylan Lovan)

Kentucky gas pipeline won’t cross nuns’ land

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The Sisters of Loretto had refused to let pipeline surveyors enter their property.
Categories: Pipelines
(AP file photo/Chris Gardner)

In Virginia, All-of-the-Above Energy Approach Bridges Vast Political Divide

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Make no mistake Virginia’s upcoming gubernatorial election is perhaps the most important – and most contentious – on the ballot this November.  This was in full display as two candidates with very different ideologies convened at Consumer Energy Alliance’s (CEA) Virginia Energy & Opportunity Forum this past week in Arlington. As the Washington Post reported, […]
windfarm

Dominion wins US offshore wind auction

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Dominion Virginia Power was declared the provisional winner of the federal government’s second-ever offshore wind auction on Wednesday, likely securing the rights to build a commercial installation in Atlantic waters near the Virginia coast.
Categories: Offshore, Wind
A natural gas drilling site in the Barnett Shale. (AP file photo/Donna McWilliam)

Carrizo Oil & Gas to sell off Barnett Shale assets and focus on oil

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Carrizo Oil & Gas is selling off dry gas assets in the Barnett Shale to focus on more lucrative oily plays in the Eagle Ford.
Categories: Deals, featured, Shale
conocophillipslogobig

Panel rules for Conoco in Venezuela oil case

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An international arbitration panel says Venezuela did not compensate Houston-based ConocoPhillips fairly for crude oil projects the country seized in 2007.
A rendering of Skanska’s new office project in the Energy Corridor (Courtesy of Skanska USA)

Skanska reveals plans for new Energy Corridor development

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Petroleum Geo-Services will lease 122,000 square feet in a new building slated for the Energy Corridor, a developer announced Wednesday.
Categories: Real estate
Chevron's geothermal plant in Indonesia (Bloomberg News)

Geothermal power rising worldwide

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Worldwide geothermal power generating capacity will hit 12 gigawatts by the end of the year, according to a report published this week.
Categories: Electricity
Contango Oil & Gas

Contango Oil & Gas’ production, revenue drop

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Lost production at two offline wells cost Contango Oil & Gas millions in natural gas and oil sales in the year ended June 30, sending revenue down 29 percent to $127 million.
Categories: Natural gas
An Energy Department grant helped CenterPoint install smart meters in its entire service area two years ahead of schedule.  ( Melissa Phillip / Houston Chronicle )

Smart meters are getting smarter at distributing electricity

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As smart meters become more widely accepted in the United States, utilities are beginning to invest in smart meters with additional capabilities that will make it more cost effective to transport electricity across the grid.
Categories: Electricity