Fuel Fix

A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)

Paragon Offshore reaches creditor deal for bankruptcy filing

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Under the plan, the oil services provider will be able to reduce more than $1.1 billion of debt and loosen some covenants, the company said.

Paragon Offshore reaches creditor deal for bankruptcy filing

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A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)
Under the plan, the oil services provider will be able to reduce more than $1.1 billion of debt and loosen some covenants, the company said.
( Johnny Hanson / Chronicle )

Rig count tumbles again

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The total rig count, which when including natural gas rig fell by 30, now stands at 541.
Categories: Crude oil, featured

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
The sun rises over a drilling site in Frio County, Texas. (Jerry Lara/San Antonio Express-News)

US energy rigs grow to 2013 high on oil price surge

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Oil and gas rigs in the U.S. gained for the sixth time in seven weeks, reaching the highest level this year as producers boosted drilling to profit from a $9-a-barrel surge in crude prices over the past two months.
Categories: Exploration, Production
Bob Kimbell and Dale Bookout of GRS (Global Registration Solutions) set up one of the welcome banners George R. Brown Convention Center, overall of the summer North America Prospect Expo convention setting up at the GNB. Here, L-R: . 8/14/13 (Craig H. Hartley/For the Chronicle)

NAPE conference attracts 5,500 to downtown Houston

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The Summer NAPE conference ends today, having attracted 5,500 people to the George R. Brown Convention Center in downtown Houston to trade oil and gas properties and to hear industry leaders’ outlooks on the business.
Categories: Exploration, Production
A crewman directs a pipe for the southern leg of TransCanada's Keystone XL project in Wood County, Texas. The northern leg has not yet received approval from the Obama administration. (Cody Duty / Houston Chronicle)

Building Keystone XL could damage US parks, Interior Dept. says

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Building the Keystone XL pipeline would lead to more manmade light and noise in sparsely populated regions, which may harm natural resources, wildlife and visitors to national parks, the U.S. Interior Department said.
Categories: Environment, Pipelines