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.
(AP Photo/Hasan Jamali)

Iran oil minister hints at price war to win back market share

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Iran’s new oil minister, Bijan Namdar-Zanganeh, has released plans to raise oil production 70 percent to 4.2 million barrels a day to try to win back old customers, even if it means starting a price war.
Categories: Crude oil
A crew works on a gas drilling rig at a well site for shale based natural gas in Zelienople, Pa. (AP Photo/Keith Srakocic)

Wyo. delegation: Exempt state from BLM frack rules

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Wyoming’s congressional delegation asked Interior Secretary Sally Jewell in a letter Monday to exempt Wyoming and other states that now regulate hydraulic fracturing from planned federal regulation of fracking on federal land.
(Jennifer A. Dlouhy/Houston Chronicle)

Ohio regulator: Coal industry forced resignation

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A veteran state environmental regulator told staffers in an email Monday that Republican Gov. John Kasich was forcing his resignation after pressure from the coal industry.
Categories: Coal
BHP Billiton has 30 drilling rigs in the Eagle Ford shale. (Courtesy of BHP Billiton.)

BHP annual profit down 30 percent to $10.9 billion

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BHP Billiton said its annual profit dived nearly 30 percent as slower growth in China and other emerging economies resulted in lower prices for copper, coal and iron ore.
Categories: Finance/Earnings
A hydrogen explosion rocks the Fukushima No. 1 nuclear power station number three reactor on March 14, 2011. (AFP PHOTO/HO/NHK)

Fukushima springs another leak in battle with radiated water

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Tokyo Electric Power Co. (9501) reported another breach of the defenses it has built at the Fukushima nuclear plant in its more than two-year struggle to stop leaks of radioactive water into the soil and sea.
Categories: Nuclear
(Photo: Steve Snodgrass/Flickr)

Troubled Neb. nuclear plant making slow progress

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The troubled Fort Calhoun nuclear power plant is slowly moving closer to restarting, but federal regulators say the utility still must prove the plant is safe before they’ll consider it.
Categories: Nuclear
Oil man and real estate developer George P. Mitchell in his office in November 1979. Mitchell died Friday, July 26, 2013. (Buster Dean/Houston Chronicle)

Guest Commentary: Mitchell didn’t change the world all by himself

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Without question, Mitchell changed the world. But contrary to how some anti-government leaders in Washington think industry works, he didn’t change it alone. The federal government helped.
Marathon Oil's corporate headquarters in Houston.  (AP file photo/Pat Sullivan)

West Africa deep-water discovery disappoints

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Exploration and production firm Marathon Oil Corp. announced a new deep-water natural gas discovery Monday off the coast of West Africa.
Categories: Africa, Exploration
A gas drilling rig in the Fayetteville Shale near Quitman, Ark. (AP file photo/Mike Wintroath)

Local economies slow with Fayetteville Shale drilling lag

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In 2009, Gary Patel’s Super 8 motel in Searcy generated more than $1 million in revenue. But this year, he said he’ll be lucky to even reach half of that.
Categories: Crude oil, Natural gas, Shale
A masked demonstrator holds up a Mexican flag during a march to protest against what they claim is a government plan to privatize PEMEX, the state-owned oil company, and also to mark the one year anniversary of the election of Mexican President Enrique Pena Nieto in Mexico City, Monday, July 1, 2013. (AP Photo/Ivan Pierre Aguirre)

Mexican left counters president’s oil reform plan

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Mexico’s largest left party has presented its own proposal for reforming the country’s oil industry, ruling out any greater role for private companies.
Categories: Latin America
(AP photo)

NY governor won’t join Obama at fracking hotbed sites

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Gov. Andrew Cuomo will avoid a potentially dicey political conflict by not accompanying President Barack Obama to parts of upstate New York roiled over the state’s ban on hydraulic fracturing for natural gas.

Capacity Markets for Texas Electricity: The Real Story

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The issue of further refining Texas’ electric markets to ensure adequate investment to meet peak electric demand has continued to receive increasing attention since the blistering summer of 2011.  Justifiable concern exists among power companies, policy makers and companies regarding the reliability of the state’s electricity supply given the economic growth of the state.  At […]
Categories: Electricity, General