Fuel Fix

An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)

Pioneer Natural slashes budget, halts drilling amid oil-price crash

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The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.

Pioneer Natural slashes budget, halts drilling amid oil-price crash

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An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)
The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.
(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

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Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.
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Phillips 66 CEO praises Bartlesville contributions

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The leader of Bartlesville’s largest employer praised the city and state of Oklahoma recently for its “rich heritage” and as a source of employee talent it provides to the company.
Categories: Refining
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)

China fires official in oil giant corruption probe

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The head of the commission that oversees China’s major state-owned companies was fired Tuesday in a spreading corruption investigation that appears to be an effort by the country’s new leaders to tighten control over government industries.
Categories: Legal issues
This Aug. 20, 2013 aerial file photo shows the Fukushima Dai-ichi nuclear plant at Okuma in Fukushima prefecture, northern Japan. (AP Photo/Kyodo News, File)

Japan to fund ice wall to stop reactor leaks

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The Japanese government announced Tuesday that it will spend $470 million on a subterranean ice wall and other steps in a desperate bid to stop leaks of radioactive water from the crippled Fukushima nuclear station after repeated failures by the plant’s operator.
Categories: Nuclear
Kashagan offshore oilfield in western Kazakhstan. The supergiant field, which is believed around 13 billion tons of recoverable oil, is expected to begin producing its first crude in 2013 after many years of delays. (AP Photo/North Caspian Operating Company)

Caspian Sea could become natural gas hub

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The commodity that fuels electric power is becoming a much more prominent driver of energy production in the Caspian Sea, a region that produced 3.4 percent of the world’s oil supply last year, according to a report from the Energy Information Administration.
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 )

Clean energy jobs show small bounce in second quarter

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Texas added 2,000 clean energy and transportation jobs in the second quarter, the eighth-highest amount in any state.
handshake  behind a corporative building.Great for any design.

See which energy merger ranks in the Top 10 deals

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On Monday, Verizon Communications Inc. agreed to pay $130 billion in cash, stock and other considerations to acquire Vodafone Group’s 45 percent stake in the Verizon Wireless business. The deal, if finalized, will be the second largest acquisition on record. Which energy deal is in the top 10?
Categories: Deals, General
(Michael Paulsen / Houston Chronicle)

Houston-Galveston area to get fleet of electric delivery trucks

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The Houston-Galveston Area Council wants to improve the city’s air by trading diesel guzzlers for battery-pack trucks.
Categories: Electricity, Environment
The headquarters building of the China National Petroleum Corp. in Beijing. (AP file photo/Greg Baker)

China’s new leaders exert control over oil company

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China’s new leaders are asserting their authority over the country’s oil giant with a corruption investigation that has netted five former and current top oil executives, including the latest — the former chairman of the company.
Categories: Asia, General
(Image: Fotolia)

WTI down in electronic trading on Syria news

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West Texas Intermediate fell a third day after President Barack Obama said he’ll seek approval from Congress before taking military action in Syria. Futures dropped as much as 3.2 percent, the most in more than two months.

Drumbeat: September 01, 2013

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Egypt says preparing timetable for energy debts
(Reuters) – Egypt is preparing a timetable for repaying arrears on debts it owes to foreign oil companies to encourage them to continue investing in the country, the Petroleum Ministry said on Sunday.

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Categories: Uncategorized
Production of biomass-based diesel fuel has begun at the Diamond Green Diesel plant, where green tanks that store animal fat are shown. The plant, a joint venture of Valero Energy Corp. and Darling International Inc., produces renewable diesel fuel that Valero will market. The plant is located at Valero's St. Charles refinery in Louisiana, (bottom right) where it has access to a rail line and docks. (Darling International Inc.)

Valero revamps approach to renewable energy

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The San Antonio refiner has quietly pulled out of a partnership to build a cellulosic ethanol plant while a second plant in which it’s a partner started producing renewable diesel this summer.
Categories: Biofuels, featured
Zadok Technologies President Brian Cook. (courtesy of Zadok Technologies)

Rig building: Zadok Technologies is an upstart in a tough field

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Zadok Technologies essentially installs the guts of drilling rigs and production platforms — from electrical instrumentation to pipes and tubes. It launched with three people and $30,000 in startup money. Next year, it expects to register $27 million to $30 million in revenue, and its goal is to hit $50 million quickly.
Categories: Oil field services