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

on
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

on
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

Anadarko gets zippy in the Eagle Ford

on
Like other companies operating in the Eagle Ford Shale region, the Woodlands-based Anadarko Petroleum appears to be in the race to drill the fastest wells. The company, which has 400,000 acres in Dimmit, La Salle, Maverick and Webb counties, recently had its fourth quarter call with analysts. Executives said that by the end of 2012, [...]
Categories: Uncategorized

Kenyatta declared Kenya’s new president

on
Armed police stationed in Odinga strongholds, mindful of violence that erruptedfollowing disputed results five years ago
Categories: Uncategorized

Ernest And Gina Go To Washington

on
In a world of acronyms, President Obama announced this week (FYI, ICYMI) his nominees to head up the DOE and EPA. Pending confirmation by the Senate, Ernest and Gina will be going to Washington*. Ernest Moniz is nominated to lead the Department of Energy (DOE), and Gina McCarthy to lead the Environmental Protection Agency (EPA). I was drawn to […]
Categories: Politics/Policy

Abu Qatada arrested for breaching bail terms

on
Accused of posing a security risk and being spiritual inspiration for 9/11 hijackers, Qatada is wanted in his native Jordan on terrorism charges
Categories: Uncategorized

Drumbeat: March 9, 2013

on
Big Social Costs Tallied in Regions With Scant Energy Access
This is why I keep saying that the “energy quest” that’s needed to smooth the human journey in this century has two faces — one figuring out how the haves can use energy more wisely, …
Categories: Uncategorized

Cable renews attack on chancellor’s economic policy

on
Further cuts will damage ‘things that really do matter’ such as science, skills, innovation and universities, business secretary says
Categories: Uncategorized

Goldman fails to block vote over chairman

on
If the shareholder vote succeeds, Lloyd Blankfein, chief executive and chairman, would have to give up his current position on Goldman’s board
Categories: Uncategorized

Tech start-up launches home 3D scanner

on
Makerbot’s Digitizer, which enables reproduction of small objects, has sparked interest in the technology but also raises questions about copyright
Categories: Uncategorized

Fugitive financier charged with fraud

on
Florian Homm, who has been on the run since 2007, has been arrested in Italy and detained over allegations he operated a stock manipulation scheme
Categories: Uncategorized

US jobs data show economic renewal

on
Non-farm payrolls rose by 236,000 in February and the unemployment rate fell to 7.7% as the US labour market continues to strengthen
Categories: Uncategorized
James A. Baker, who served as the U.S. Secretary of State between 1989 and 1992. (AP Photo/Nousha Salimi)

Baker Botts continues Middle East expansion

on
Global energy law firm Baker Botts announced an alliance with the International Legal Group of Kuwait.
Categories: General, Middle East

Shares rise after strong US jobs data

on
Dow hits another record high and S&P 500 climbs to fresh five-year peaks as bulls welcome US payrolls data
Categories: Uncategorized

UK set for GM food push in Europe

on
British ministers are preparing to champion genetically modified crops in an attempt to overturn en­trenched resistance among many EU members
Categories: Uncategorized
Tracy Olson/Flickr

NY natural gas futures climb on late winter cold spell

on
Natural gas futures advanced in New York, heading for a third consecutive weekly gain, on speculation that the late winter Eastern U.S. cold snap will help burn off excess fuel.
Categories: General, Natural gas

In Response to Recent Criticism: AEA is Missing the Forest for Dow’s Tree

on
Recently, I published a piece in Energy Tribune that noted the folly in the effort by Dow Chemical and others to attempt to slow the export of liquid natural gas (LNG). In response, America’s Energy Advantage (AEA) published a blog attempting to refute the points I laid out.
Categories: LNG