Fuel Fix

(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

on
The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”

Shell to ax thousands of jobs amid $7 billion in spending cuts

on
(Photographer: Andrey Rudakov/Bloomberg)
The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”
Anadarko Petroleum Corporation CEO Al Walker, gives a speech after his company won top ranked large employer during the Houston Chronicle's Top Workplaces Awards Gala, Thursday, Nov. 8, 2012, in Houston. (Nick de la Torre/Houston Chronicle)

Anadarko CEO: Outlook still uncertain for shale comeback

on
Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.

The LNG carrier, a tank ship designed for transporting liquefied natural gas, is towed into port. (Lex Van Lieshout, Getty Images)

Lengthy Panama Canal delays could pose risk for LNG

on
Commercial analysts at Wood Mackenzie warned Wednesday that lengthy delays to the widening of the Panama Canal could impact profitability for some U.S. liquified natural gas producers, but the firm doesn’t expect disputes that have interrupted construction to cause lengthy disruptions.
Categories: Asia, LNG, Markets, Transportation
Photo:  www.theguardian.com

A highly positive initial reaction to Google Glass from the oil & gas industry…and some skepticism too

on
I shouldn’t have been surprised then that, despite the highly positive response I received towards my efforts, there were some skeptical comments, most revolving around the possibility of even taking Glass out into the field. Today still, cell phones for instance aren’t allowed in certain field areas: there would be catastrophic HSE consequences if a signal accidentally triggered a piece of equipment like a wireline gun.

Cheniere Energy plans is adding LNG export capacity to the existing Sabine Pass import terminal in Louisiana. (Cheniere Energy Inc./Bloomberg)

Asia eyes US natural gas as Louisiana shale profits taper

on
As early as next year, cargoes of liquefied natural gas shipped from Gulf Coast terminals to fast-growing Asian countries will propel the region into the ranks of global gas exporters such as Qatar and Australia for the first time.
Categories: LNG, Shale
(Steve Hockstein/Bloomberg)

Any Threat to the Electricity Grid Is a Tier One Problem

on
There are threats to the U.S. electricity grid which can be prevented, threats that can be mitigated, and there are threats that can be avoided altogether. Let’s walk through each scenario. We know how important it is to aggressively address vulnerabilities. The August 2003 blackout was the worst in recent U.S. history leaving an estimated […]
Robert Kaluza, a BP well site leader from the Deepwater Horizon oil rig explosion, enters Federal Court before he is arraigned on manslaughter charges in New Orleans in November 2012. AP Photo/Gerald Herbert)

Judge delays trial for two BP well site leaders

on
The case involves BP well site leaders Robert Kaluza and Donald Vidrine.
Categories: Gulf oil spill
TransCanada chief executive Russ Girling  speaks at the company's investor day in Toronto. (SeongJoon Cho/Bloomberg)

TransCanada CEO ‘undeterred’ by new hurdle for Keystone XL

on
TransCanada Corp. officials said Thursday they are undaunted by a Nebraska court ruling that analysts widely believe will mean more delays for the Keystone XL pipeline.

Bloomberg: Sanchez stock down with watery well

on
The stock of Houston-based Sanchez Energy Corp. declined the most in three months after reporting an Eagle Ford Shale well made more water than oil, Bloomberg is reporting. Sanchez fell 7 percent to $29.74, the biggest drop since Nov. 7. Bloomberg says: The Sante North 1H well produced 766 barrels of water, 150 barrels of […]
Categories: Uncategorized