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

Protestors scale a shale gas rig at Banks, near Southport, England bringing a halt to work at the Cuadrilla Resources site Wednesday  Nov. 2 , 2011.  Cuadrilla Resources, which is drilling for gas in northwestern England, said Wednesday that independent experts concluded that the tremors were due to an unusual combination of geology and operations, and were unlikely to happen again. The company said local geology would limit any future seismic events to around magnitude 3 on the Richter scale. The tremor on April 1 measured 2.3 on the Richter scale.  Local campaigners have mounted a "Frack Off" campaign to oppose the drilling technique that cracks open rock layers to free natural gas.  (AP Photo/Peter Byrne/PA)

U.K. minister sees fracking sites in southern England, Mail says

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Michael Fallon, the U.K. junior energy minister with responsibility for fracking, said southern England contains deposits that might produce natural gas, the Mail on Sunday reported.
(Photo: Steve Snodgrass/Flickr)

Comanche Peak storing spent fuel rods offsite

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Owners of Comanche Peak are putting highly radioactive uranium waste into concrete casks to start the long cooling process.
Categories: Nuclear

Maugeri Misses Bakken ”Red Queen”

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In this post I will, amongst other things, present the results from my review of the Bakken portion of Leonardo Maugeri’s discussion paper “The Shale Oil Boom: A U.S. Phenomenon”
Leonardo Maugeri is an ex-ENI executive now with the Harvard Kenne…
Categories: Uncategorized

Tech Talk – The Latest Canadian Oil Spill

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This post is seeded by a note from Luis de Sousa (h/t Luis) who noted a story in Mother Jones. That story, in turn, fed from one in the Toronto Star and is about surface contamination of oil, coming from the underlying tar sands and emerging as a wat…
Categories: Canada
Semi-subermisible oil rigs and jackup drilling units in the Gulf of Mexico off the coast of Cameron, La. (Aaron M. Sprecher/Bloomberg)

Accidents show depth of danger in shallow waters

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Recent incidents have brought new attention to dangers that still lurk on the shallow continental shelf, where companies rely on decades-old pipes and platforms to tap aging fields.
Lee Tillman speaks at Marathon Oil Corp.. He took over as CEO and president on Aug. 1, 2013. ( Melissa Phillip / Houston Chronicle )

Q&A: Marathon’s new CEO calls job a continuing journey

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Lee M. Tillman, the new CEO of Marathon Oil, speaks with FuelFix about his new job and his vision for the independent exploration and production company.
Categories: Gulf of Mexico, Shale
Offshore oil drilling platform 'Gail' operated by Venoco, Inc., is shown off the coast of Santa Barbara, Calif. (AP Photo/Chris Carlson)

Oil companies used fracturing in coastal waters off Calif.

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Companies prospecting for oil off California’s coast have used hydraulic fracturing on at least a dozen occasions to force open cracks beneath the seabed, and now regulators are investigating whether the practice should require a separate permit and be subject to stricter environmental review.

Drumbeat: August 3, 2013

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A Republican Case for Climate Action by William D. Ruckelshaus, Lee M. Thomas,William K. Reilly, and Christine Todd Whitman
EACH of us took turns over the past 43 years running the Environmental Protection Agency. We served Republican presidents, but w…
Categories: Uncategorized
Source: U.S. Energy Information Administration

Report: Egypt unrest not affecting oil shipments through Suez Canal

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Egypt plays a key role in international energy markets by operating the Suez Canal and Suez-Mediterranean, or Sumed, Pipeline.
The Deepwater Horizon oil rig burns after an explosion in the Gulf of Mexico in 2010. (AP Photo/Gerald Herbert, File)

BP says loss on spill appeal could scuttle settlement

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The oil company is appealing a ruling by U.S. District Judge Carl Barbier.
Categories: Gulf oil spill
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)

In wake of Canadian disaster, US issues emergency rules for trains

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In the wake of a deadly train accident in Canada, the U.S. Federal Railroad Administration has issued a series of measures to be undertaken by all railroads to help prevent trains operating on mainline tracks or sidings from moving unintentionally.
handshake  behind a corporative building.Great for any design.

Houston maritime lawyers join new firm

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All eight lawyers who work at Bell, Ryniker & Letourneau in Houston have joined the Philadelphia-based law firm of Blank Rome.
Categories: Deals, Legal issues, Offshore