Fuel Fix

Original byline: Jim Blecha/

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

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Categories: Crude oil, Deals, featured, Shale
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.

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

on
Categories: Crude oil, Deals, featured, Shale
Original byline: Jim Blecha/
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.
Marathon Bakken drilling

‘Shale-ionaires’ suffering from wave of bankrupt oil drillers

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A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.
Categories: featured, Shale

GranolaBar

Steffy: Oil and granola mix at CERAWeek conference

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At the week-long conference, world energy leaders are displaying the industry’s new boom mentality, one that goes hand in hand with a newfound environmentalism.
Categories: CERAWeek

EU fines Microsoft €561m for pact breach

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The European fine represents an unprecedented penalty against a company for failing to stick to a voluntary pact with antitrust regulators
Categories: Uncategorized

CNOOC_marquee

China joining U.S. shale renaissance with $40 billion

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China National Petroleum Corp., the country’s biggest oil company, is seeking its first stake in the U.S. as Chinese explorers with $40 billion of cash try to join an energy renaissance unlocking billions of barrels of crude.
Categories: Natural gas, Shale
(AP Photo/Gerald Herbert, File)

BP faces 2014 trial over investors’ Gulf spill claims

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BP Plc will face a jury trial Aug. 25, 2014, in federal court in Houston on investors’ multibillion-dollar allegations that the company hid the true size of the 2010 Gulf of Mexico oil spill to limit the effect on its stock price.
(Cody Duty / Houston Chronicle)

U.S. Keystone decision may delay TransCanada six months

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TransCanada Corp. (TRP)’s timeline for the Keystone XL pipeline may be pushed back at least six months if the Obama administration doesn’t issue final approval by the end of June, extending lower Canadian crude prices that threaten oil-sands growth.
ConocoPhillips CEO Ryan Lance (Karen Warren/Houston Chronicle)

Conoco says U.S. should consider allowing oil exports

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ConocoPhillips, the largest independent U.S. oil and natural gas producer, said the government should consider future exports of crude as domestic output rises.
Categories: Crude oil
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Oil output on U.S. land lagging amid boom, report finds

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Oil and gas production in federal areas is lagging behind the boom on private lands, a report by non-partisan congressional researchers found, bolstering complaints made by Republicans and energy-industry lobbyists.
Categories: Crude oil
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)

Oil spill judge hears from rig blast survivor

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A Transocean employee who survived the Deepwater Horizon rig explosion testified at the Gulf oil spill trial Tuesday that a subordinate killed in the blast was one of the workers who apparently missed signs that BP’s well was about to blow out.
In 2007, former Venezuelan President Hugo Chavez, who died in 2013, nationalized oil assets in the Orrinco heavy crude belt. ExxonMobil and ConocoPhillips quit the country and filed arbitration claims. (AP Photo/Fernando Llano)

Little reaction in oil market to Chavez death

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Oil markets are taking the death of Venezuelan President Hugo Chavez in stride, with the price of crude little changed Wednesday.
Categories: Crude oil

Tax fails to end Chinese love of property

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Sales have spiked, prices have increased and divorces have jumped as people attempt to exploit a loophole in the forthcoming rules
Categories: Uncategorized

China equities on track to go global

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FTSE chief says mainland shares could join global indices within three years if Beijing continues with recent ‘big impact’ reforms
Categories: Uncategorized

Chávez as divisive in death as in life

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Global reaction to the death of the controversial Venezuelan president ranges from extremely sorrowful to starkly disparaging and dismissive
Categories: Uncategorized

Bolshoi star confesses to acid attack

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Pavel Dmitrichenko has admitted on TV to organising attack on director Sergei Filin as he and two others are detained over the crime
Categories: Uncategorized

Venezuela’s Hugo Chávez dies

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Government declares week of mourning after the charismatic anti-capitalist leader loses his battle with cancer following complications after surgery
Categories: Uncategorized

Samsung buys stake in Sharp

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South Korean group takes equity stake in Japanese electronics maker, becoming fifth-largest shareholder in one of its main sources of display panels
Categories: Uncategorized