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/Xinhua, Liang Xiaopeng, File)

Green energy fees disappearing from utility bills

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Four years after raising customers’ bills to meet mandates to sell cleaner power, Michigan’s biggest utilities are eliminating the fees or slashing them significantly.
Categories: Electricity, Solar, Wind
(StockMonkeys.com)

OMV pays record $2.65 billion for Statoil North Sea oil, gas

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OMV AG (OMV), the biggest central European energy company, paid $2.65 billion to Statoil ASA (STL) in its largest deal on record for stakes in four North Sea oil and gas fields as it seeks stable output after disruptions in Libya and Yemen.
Categories: Deals, Europe

Peak Oil Update – Final Thoughts

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Since 2006, I’ve been tracking a set of oil production forecasts
and trying to see how they performed over time. Comparing oil supply forecasts
is not an easy task
because of the many different assumptions, baselines, and fuel categories
included. Also…
Categories: Uncategorized
Oil from the Deepwater Horizon spill floats on the water as the sky is reflected in sheen on Barataria Bay, off the coast of Louisiana, in this June, 7, 2010 file photo. A high-stakes trial to assign blame and help figure out exactly how much more BP and other companies should pay for the spill began Monday, Feb. 25, 2013. (AP Photo/Charlie Riedel, File)

Experts clash on estimates of oil spilled into Gulf

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A sparring match between some of the world’s top scientists over how much oil spewed into the sea following the 2010 Gulf of Mexico disaster is heating up as a civil trial is set to resume next month.
Categories: featured, Gulf oil spill
A schematic of the Skyonic chemical plant planned at San Antonio’s Capitol Cement plant shows silos for chemical storage. Piping extends from the front right to the back left, taking the cement plant’s flue gas through the plant to the towers in the back.

Chemical plant would turn emissions into useful products

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A construction materials company and a chemical company have teamed up to build a $125 million chemical plant that proposes to demonstrate to the world how greenhouse carbon dioxide emissions can be captured and converted to marketable products.
Categories: Chemicals, Environment

Tech Talk – Oil Supply, Oil Prices and Saudi Arabia

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From the time that The Oil Drum first began and through the years up to the Recession of 2008-9, there was an increase in the price of oil, and that resumed following the initial period of the recession, and in contrast to the price of natural gas, oil…
Categories: Crude oil

Drumbeat: August 17, 2013

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Why car companies can’t win young adults
It’s not just that cars have become less affordable for cash-strapped young adults, it’s also that, well, driving simply doesn’t seem as cool as it once was.

More than a third of young adults who don’t drive sa…

Categories: Uncategorized
An oil pump works near Stanley, N.D. (AP file photo/James MacPherson)

Shale gas and oil production soaring in 2013

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Oil production in North Dakota soared to a record 24.6 million barrels in June, a 24 percent jump from a year earlier, according to a report released this week by the North Dakota Department of Mineral Resources.
Categories: Production
Stephen Colbert takes on hydarulic fracturing in the August 15, 2013 episode of Comedy Central's The Colbert Report.

Colbert slams oil industry for gag order on children (video)

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Late-night satirical newsman Stephen Colbert took aim at Range Resources and the hydraulic fracturing business Thursday, calling out a gag order placed on two children whose parents had claimed the family suffered health problems from shale gas activity next to their farm.
Luminant's Big Brown coal power plant (AP photo)

EPA sues Luminant over Texas clean air violation claims

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Luminant Generation Co., the largest power generator in Texas, was sued by the U.S. Environmental Protection Agency for failing to meet air-pollution standards at two power plants, the Sierra Club said in a statement.
Categories: Electricity, Environment
conocophillipslogobig

ConocoPhillips completes $600M Caribbean asset sale

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Houston-based exploration and production firm ConocoPhillips said Friday it completed the sale of a Caribbean midstream asset for $600 million.
Categories: Exploration
(Maddie McGarvey/San Francisco Chronicle)

Texas claims cheapest solar installations, as prices drop nationwide

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Texas has the lowest median price for a typical residential solar system at about $3.90 per watt of power generating capacity installed.
Categories: Electricity, featured, Solar