Fuel Fix

Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)

Anadarko Petroleum cuts dividend 81 percent

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The cut will save the company $450 million annually.

Anadarko Petroleum cuts dividend 81 percent

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Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)
The cut will save the company $450 million annually.
(Andrew Burton/Getty Images)

IEA: Oil glut could still grow in second half of 2016

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The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.
Commercial vessels spray water on the fire aboard the West Delta 32 production platform. (Coast Guard photo)

Black Elk-funded investigation blames contractors for fatal platform explosion

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The fatal explosion of a Gulf of Mexico production platform last November was sparked by contractors conducting maintenance work at the site, according to an investigation commissioned by the Houston-based company that owned the facility.
An aerial view of the Ensco 8502 drilling rig in the Gulf of Mexico. (Jennifer A. Dlouhy/Houston Chronicle)

Feds push stricter rules for offshore production systems

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The Obama administration on Wednesday proposed a rule to tighten standards for oil and gas production systems used offshore, in a bid to keep pace with the industry’s march into deeper waters and more challenging terrain.
Former BP engineer Kurt Mix leaves the federal courthouse after a hearing in Houston in 2012. (AP Photo/Pat Sullivan, File)

US shuffles prosecution team in Gulf spill case against ex-BP engineer

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The Justice Department asked Wednesday that three of the federal prosecutors handling the case against a former BP engineer charged with obstructing the government’s investigation of the 2010 Gulf of Mexico oil spill be withdrawn from the case.
Categories: Gulf oil spill

Drumbeat: August 21, 2013

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‘Worrying’ decline in oil and gas production
The sharp decline in production of oil and gas from under British waters is “worrying” industry leaders.

Trade body Oil and Gas UK says there is record investment this year of £13.5bn.

But its annual repo…

Categories: Uncategorized
A hydrogen explosion rocks the Fukushima No. 1 nuclear power station number three reactor on March 14, 2011. (AFP PHOTO/HO/NHK)

Japan nuke watchdog may raise leak to ‘serious’

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The Japanese nuclear watchdog on Wednesday said they are taking the leakage of highly radioactive water at the crippled Fukushima nuclear power plant seriously, and proposed raising the rating to describe it from “an anomaly” to a “serious incident.”
Categories: Nuclear
CNOOC_marquee

Cnooc profit rises as oil output compensates for costs

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Cnooc Ltd. (883), China’s biggest offshore oil and gas explorer, posted a better-than-estimated 7.9 percent increase in first-half profit as rising output helped counter higher costs, including at unit Nexen Inc. The shares advanced the most in 19 months.
Categories: Finance/Earnings
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Report: Fracking not endangering W.Va. air quality

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A state study says no new rules are needed to protect West Virginia’s air quality from natural gas drilling.
Sand or other small substances are used in hydraulic fracturing to prop open fissures in shale formations to allow natural gas to flow. (AP Photo/Minnesota Public Radio, Mark Steil)

Wisconson county temporarily halts frack sand mining on health concerns

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A western Wisconsin county that has issued more frack sand mining permits than any other county in the state and in neighboring Minnesota has decided to take a hiatus on new projects while it addresses health and environmental concerns.
(Flickr/SalFalko)

Pollution lawsuit against Pa. plant is revived

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A federal appeals court revived a lawsuit Tuesday against a western Pennsylvania power plant, ruling that two women who live nearby can sue over alleged fly ash pollution even though the plant meets state and federal air pollution standards.
Transportation of heavy equipment has damaged some rural roads in Texas oil and gas drilling regions.

Rocky reception prompts state to slow down on gravel roads

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After lawmakers objected, the state is delaying a plan to replace some paved rural roads with gravel rather than repair the pavement.

Our Clean Energy Future

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Like most of you I was disappointed to learn that The Oil Drum will be closing its doors in the not-too-distant future. While it has been some time since I last wrote for the site, I was pleased to be allowed the opportunity to post one last article be…
Categories: Wind
(Jennifer A. Dlouhy/Houston Chronicle)

An Obama nominee becomes an issue in climate debate

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Ron Binz has drawn the ire of coal-industry interests for advocating policies that mining companies said encouraged the conversion of power plants to natural gas.
Categories: Coal