Fuel Fix

Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

A single oil rig was shut down last week, extending six month decline

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As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.

A single oil rig was shut down last week, extending six month decline

on
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)
As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.
Original byline: Jim Blecha/

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

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The most recent deal comes on the heels of Vanguard’s announcement in April that it will acquire LRR Energy LP for more than $250 million.
Categories: Crude oil, Deals, featured, Shale

US spy chief warns on budget risk to security

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The director of national intelligence says the US risks a ‘downward spiral’ in intelligence gathering similar to the years before the 9/11 attacks
Categories: Uncategorized

France pushes for controls on Skype calls

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Regulators say Skype, which offers calls to fixed line and mobiles, has a duty to provide emergency calls and to permit security monitoring
Categories: Uncategorized

Nabiullina to head Russia central bank

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The choice of Vladimir Putin’s chief economic aide rises questions about the bank’s commitment to a strict inflation-fighting policy
Categories: Uncategorized

U.S. rig count: The Eagle Ford breakdown and more

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The latest count from Baker Hughes continues to show that oil and gas companies are running fewer rigs across the U.S. – likely because they’ve gotten so much faster at drilling horizontal wells. There were 1,752 rigs operating in the U.S. as of March 8, down five from the week before. Texas had 835 rigs [...]
Categories: Uncategorized

Conclave to elect next pope begins voting

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Black smoke emerged to signal that the first ballot had failed to produce a successor to Benedict XVI, with most observers expecting proceedings to conclude this week
Categories: Uncategorized

Turkey emerges as true Iraq war victor

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Demand for Turkish goods soars by an annual $2bn as exports to Baghdad increase 25 per cent a year, making it Ankara’s second-most valuable market
Categories: Uncategorized

Waywire board taps into teen spirit

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Social video start-up brings media-savvy son of CNN’s Jeff Zucker on to advisory board to in bid to capture fickle teenage viewers
Categories: Uncategorized

Japan warms to ‘fire ice’ potential

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Tokyo has extracted gas from abundant ‘fire ice’ deposits off its central Pacific coast, but prospects for commercial extraction remain far from certain
Categories: Uncategorized

STEER opens San Antonio office, launches website

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The South Texas Energy and Economic Roundtable opened an office  this week in San Antonio at the Pearl and launched its website. The organization in October hired Omar Garcia to coordinate communication, education and public advocacy. The goal is for STEER to be a one-stop location for all Eagle Ford issues, and the place that connects [...]
Categories: Uncategorized
Rep. Paul Ryan, R-Wis. (AP Photo/Matt Rourke)

Republican budget plan would force Keystone XL approval

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The House Republican budget plan unveiled on Tuesday would force the Obama administration to approve the controversial Keystone XL pipeline and and assumes that expanded oil and gas drilling on federal lands would deliver billions of dollars to federal coffers.

Vevo launches music video digital channel

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MTV-like 24-hour channel, which will feature live concerts and music-themed original shows, will initially be available in the US and Canada
Categories: Uncategorized

UK inflation expectations jump sharply

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Pound falls to a two and half year low after poor industrial and trade data reminded investors of the divergent nature of the UK and US economies
Categories: Uncategorized
solarap

Clean energy sector expected to double by 2022

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A study issued Tuesday morning anticipates that global renewable energy revenues will double by 2022, growing to $426.1 billion by 2022.
Pipefitter Scott Zarembski, originally from Detroit, has prospered by working in the oil industry in the Canadian city of Edmonton. Canadian employers and officials have been recruiting U.S. workers to fill a skilled labor shortage. Jason Franson / Los Angeles Times/MCT

Oil industry labor shortage affecting safety, report says

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Nearly one third of those surveyed cited the skills shortage as the biggest threat to the sector, while a lack of skilled trainers was identified as a major training issue by more than 20 percent of participants.

First Quantum poised to take control of Inmet

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Vancouver-based First Quantum changes terms of C$5bn offer for rival miner to lower the level of support required to complete the deal
Categories: Uncategorized