Fuel Fix

(Andrew Burton/Getty Images)

IEA: Oil glut could still grow in second half of 2016

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The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.

IEA: Oil glut could still grow in second half of 2016

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(Andrew Burton/Getty Images)
The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy rebounds after denying bankruptcy plans

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The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.

EOG focusing on the Eagle Ford, ‘firing on all cylinders’

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EOG Resources executives said Wednesday they are “firing on all cylinders” after reporting a 67 percent jump in profit because of high oil returns. The Houston-based oil and gas producer is producing more oil, lowering its costs and selling its products at high prices compared with a year ago, executives said. Net income for EOG  
Categories: Uncategorized

Boerne ISD offers free Eagle Ford Shale program

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Need an overview of the Eagle Ford Shale oil and gas field? Thomas Tunstall, director of the Center for Community and Business Research at the University of Texas at San Antonio, and Rene Montalvo of Chesapeake Energy Corp. will give a free talk at 8:30 a.m. Aug. 16 at Boerne Champion High School. Tunstall has  
Categories: Uncategorized
(Golden Pass Products)

Feds approve third project to export US natural gas

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The Obama administration licensed a third company to broadly sell U.S. natural gas overseas on Wednesday, renewing fears that widespread exports of America’s bounty could spike domestic prices for the fossil fuel.
Categories: LNG, Markets, Politics/Policy
Smoke rises from railway cars that were carrying crude oil after derailing in downtown Lac Megantic, Quebec, Canada. The fiery explosion killed at least 47 people in Canada in July 2013. (AP Photo/The Canadian Press, Paul Chiasson, File)

Railroad in Quebec tragedy files for bankruptcy

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An attorney who represents 30 of the victims’ families accused the chairman of trying to use the legal system to shield his companies from legal responsibility.

A driver fills up his vehicle at a compressed natural gas station.  (AP file photo/Douglas C. Pizac)

Natural gas fueling stations in Texas set to double, advocate says

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The number of natural gas refueling stations in Texas is set to double, based on announced plans and state applications from companies.
US President Barack Obama chats with host Jay Leno during a taping of The Tonight Show with Jay Leno at NBC Studios on August 6, 2013 in Burbank, California.  (AP/Jacquelyn Martin)

NBC drops anti-Keystone ad during Obama’s ‘Tonight Show’ appearance (video)

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An environmental group wants to know why NBC canceled its satirical ad critical of the Keystone XL pipeline at the last minute.
Categories: Keystone XL
This drilling rig is working in the South Texas Eagle Ford where EOG Resources had been active.  Photo: Courtesy Photo / HC

EOG ‘firing on all cylinders’ with earnings jump

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EOG Resources executives said Wednesday they are “firing on all cylinders” after reporting a 67 percent jump in profit because of high oil returns.
Categories: Finance/Earnings
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)

Commentary: A tough month of July provides plenty of opportunities for reflection

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It’s definitely been a rough couple of weeks for everyone in the oil & gas industry. On almost exactly the same day, a blowout lead to the total destruction of a jackup rig in the Gulf of Mexico, and Halliburton admitted to destroying after the Macondo incident cementing-related data. Add to that the death of George Mitchell, and you have one pretty sad month of July, one that I definitely would like to put behind me.
BPsign

Judge: BP refusal to pay oil spill claims center is unreasonable

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BP lost a bid to avoid paying the third-quarter operating budget of the 2010 Gulf of Mexico disaster claims administrator, totaling $130 million, as part of its settlement with most private claimants.
U.S. Rep. Eddie Bernice Johnson (D-TX) testifies at a U.S. Senate hearing in 2005.

Veteran lawmakers from Texas clash over EPA subpoena

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An unusual fight has arisen between two veteran lawmakers who have developed a close personal relationship as their parties’ leaders on a key congressional committee.
(StockMonkeys.com/Flickr)

Enterprise Products loses bid to end Energy Transfer suit

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Enterprise Products Partners LP lost its bid to throw out a lawsuit claiming it breached a 2011 agreement with Energy Transfer Partners LP to build a pipeline from Oklahoma to the Texas Gulf Coast.
Categories: Legal issues, Pipelines
Mexican leader Enrique Pena Nieto speaks during an interview at the Los Pinos presidential residence in Mexico City in July 2013. (AP Photo/Dario Lopez-Mills, File)

Pena Nieto delays Mexico energy bill amid party negotiations

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President Enrique Pena Nieto will delay the announcement of his proposal to end Mexico’s seven- decade state energy monopoly until next week, he said today in a statement posted to his Twitter page.
Categories: General