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

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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

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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

Bills target those long oil field hotel stays

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Hotel rooms and worker lodges are full across South and West Texas, as the oil and gas industry rushes to drill thousands of new wells. And communities across the state are more than happy to take the hotel-motel taxes. But not long into the oil boom, it became clear that there’s a loophole at work. Workers who [...]
Categories: Uncategorized
Keryn James, Asia Pacific CEO of ERM, spakes about the community impacts of unconventional oil and gas development at the CERAWeek energy conference. (Johnny Hanson/Houston Chronicle)

Communities insisting on inclusion in energy boom

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Up to 75 percent of project delays are caused by non-technical risks, such as community opposition, far outpacing the disruption caused by technological challenges, an energy executive said at the CERAWeek conference Wednesday.
Categories: CERAWeek

Shinchi Kihara, director of Japan's trade ministry’s international affairs division, speaks about the future of global LNG. (Johnny Hanson/Houston Chronicle)

US shale revolution hinges on exports, execs say

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The United States is uniquely positioned to harvest newly accessible natural gas reserves and sell the fossil fuel overseas — but that hinges on the Energy Department’s support for exports, executives said Wednesday.
Categories: CERAWeek, LNG, Natural gas

Equities rally sparks gold funds sell-off

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As the gold price slides to less than $1,600 an ounce amid signs of a global economic recovery, investors have begun to sell shares in gold funds
Categories: Uncategorized

SSTB 2013: Forum displays ISO Class 1-4 torque tool

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Forum Subsea Technologies is displaying the capabilities of its ISO Class 1-4 torque tool at the Subsea Tieback Forum & Exhibition currently being held at the Henry B. Gonzales Convention Center in San Antonio, Texas.  
Categories: Offshore

Brussels to soften data protection rules

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Resolving the transatlantic dispute over data protection rules could ease the way towards a new EU-US trade agreement over the next two years
Categories: Uncategorized
Trimac Transportation driver Robert Williams used the liquified natural gas lane to fill his truck at the Flying J truck stop on I-10 East in Baytown Thursday Aug. 23, 2012.(Dave Rossman/For the Chronicle)

Poll: What policy would give US energy the biggest boost?

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Policy issues have dominated conversations at CERAWeek. Energy industry leaders have called for a federal decision on exporting U.S. natural gas and even noted the inevitability of shipping U.S. crude overseas.
Categories: CERAWeek

SSTB 2013: Chinook riser incident discussion draws record crowd

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A presentation by Sergio Porciuncula of Petrobras America Inc. that focused on a problem experienced with a free-standing hybrid riser on the Cascade-Chinook project drew a record crowd of 500-plus attendees Wednesday morning at the Subsea Tieback &amp…
Categories: Offshore

Venezuela: To the heir, a poisoned chalice

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Many forgave Hugo Chávez for his economic blunders but such generosity is unlikely to be shown towards the next leader. By Benedict Mander
Categories: Uncategorized

March 6: Your shale news roundup

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Houston has a new billionaire thanks to the Eagle Ford Shale. Here’s the story from FuelFix: “Daniel Harrison III, a 65-year-old Texas oil and gas heir, ranks No. 1,268 out of 1,426 on the list of the world’s billionaires, released Monday by Forbes. The business magazine calculates his net worth at $1.1 billion. “The accompanying [...]
Categories: Uncategorized

SSTB 2013: Siemens showcases subsea power grid capabilities

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Siemens is featuring its Subsea Power Grid technology at the Subsea Tieback Forum & Exhibition currently being held at the Henry B. Gonzalez Convention Center in San Antonio, Texas.
Categories: Offshore

Fed survey shows economy can absorb tax rise

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The reports from the Fed’s latest Beige Book survey confirm the economy may be strong enough to absorb the end of a payroll tax holiday, but is still threatened by spending cuts
Categories: Uncategorized
Daniel Akerson, chairman and CEO of General Motors (AFP Getty Images)

GM CEO wants feds to back natural gas fueling stations

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Daniel Akerson is all too aware of the fact that someone people will never forgive General Motors for the government bailout that kept it in business, but the automaker’s chief executive is once again calling on the government for help.
Categories: CERAWeek

GM CEO wants government to back nat gas refueling stations

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Clearly, the government has the power to get the country over the hump on natural gas vehicle demand. The question is whether the public will tolerate more government intervention that benefits the automakers.
Categories: General, Natural gas

Google tip-off leads to Microsoft EU penalty

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Brussels punished Microsoft for failing to give at least 15m consumers a choice of web browser – a violation of a voluntary antitrust pact
Categories: Uncategorized