Fuel Fix

( Johnny Hanson / Chronicle )

Drillers shut down dozens of rigs last week, biggest pull-back since April 2015

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Categories: Crude oil, featured, Texas
Losses in the oil patch deepened in the second half of 2015 and into 2016 along with plummeting prices of crude.

Drillers shut down dozens of rigs last week, biggest pull-back since April 2015

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Categories: Crude oil, featured, Texas
( Johnny Hanson / Chronicle )
Losses in the oil patch deepened in the second half of 2015 and into 2016 along with plummeting prices of crude.
Linn Energy CFO Kolja Rockov (far left) and and then-Senior Vice President of Business Development David Rottino (far right) pictured with other Linn executives in front of the NASDAQ exchange in New York City in 2011. (Linn Energy handout)

Linn Energy considers filing for bankruptcy amid financial strain

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Linn, which borrowed billions of dollars to expand during the height of the shale oil boom, saw its stock value sink below $1 a unit for the first time in January.
A worker with an oil cleanup crews siphons off oil on floating on the top along the drainage toward Lake Conway in Conway, Ark. (Alan English/The Log Cabin Democrat, AP Photo)

How to spot a pipeline leak with a bowling ball (video)

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Categories: Accidents
Shares of Stolt-Nielsen, which operates 155 tankers, gained 20 percent to 138 kroner ($23.26) in Oslo this year and will reach 171.25 kroner in 12 months, according to the average of four analyst estimates compiled by Bloomberg. Andrew Wheeler/Bloomberg

Fracking boom sends chemical tankers to five-year high

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The boom in U.S. natural-gas supplies is boosting chemical exports to Asia, driving up demand for specialized ships that carry the products and sending freight rates to a five-year high.
An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Shell moves to Nigerian offshore fields amid onshore woes

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At Royal Dutch Shell Plc’s (RDSA) compound in the Nigerian city of Warri, the gate is locked, the grounds are empty and grass has overgrown since Europe’s biggest oil company closed its operations in March after more than 40 years.
Categories: Accidents, Africa, Pipelines
In this July 29, 2010, photo, oil and water flow down Ceresco Dam as oil spill clean up continues along the Kalamazoo River near Ceresco, Mich. (AP Photo/Detroit Frtee Press, Andre J. Jackson)

EPA: Enbridge nearly tripling oil spill dredging

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Enbridge Inc. will nearly triple the amount of contaminated sediment it dredges in Michigan’s Kalamazoo River to clean up after a July 2010 oil pipeline spill, the U.S. Environmental Protection Agency announced Tuesday.
Categories: Accidents, Pipelines
A member of ExxonMobil's cleanup crew is reflected in water and oil in a drainage ditch along State Highway 365 in Mayflower, Ark., Monday, April 1, 2013. (Courtney Spradlin /AP/Log Cabin Democrat)

Exxon Mobil puts off discussion of pipe under lake

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ExxonMobil Corp. says it wants an investigation into a March oil spill in a Mayflower neighborhood to wrap up before it opens discussions about a pipeline’s path below a watershed that provides drinking water to hundreds of thousands of people in central Arkansas.
Categories: Pipelines
(AP Photo/Brennan Linsley)

Some say industry arrogance fueled fracking anger

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The boom in oil and gas fracking has led to jobs, billions in royalties and profits, and even some environmental gains.
Various offshore oil equipment is displayed on a board at the Oil States Industries booth during the 2012 Offshore Technology Conference.  ( Brett Coomer / Houston Chronicle )

Oil States International to spin off its accommodations business

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Houston’s Oil States International, an energy services firm, said Tuesday it will spin off its housing business, creating two standalone companies.
Categories: Oil field services
The Keyera Alberta Diluent Terminal, located adjacent to the new Alberta Crude Terminal in Edmonton, Alberta, Canada. The Alberta Crude Terminal is a 50-50 joint venture by Houston’s Kinder Morgan Energy Partners and Canadian midstream company Keyera Corp.  (Kinder Morgan)

Kinder Morgan and Candian firm to build crude oil terminal

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Houston’s Kinder Morgan Energy Partners and Canadian midstream company Keyera Corp. announced plans Tuesday to jointly build a crude oil rail loading facility in Edmonton, Alberta.
Categories: Canada, Crude oil

Industry fighting boosts to rail safety

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In the wake of the fatal train derailment in Canada that killed dozens as crude oil tank cars exploded, the oil industry and railroads are resisting attempts by the Obama administration to boost rail safety standards. The Associated Press is reporting:   “Industry groups say it is impractical to retrofit tens of thousands of existing  
Categories: Uncategorized
The aftermath of the fire aboard Hercules 265 gas well is seen during an overflight observation after a natural gas blowout in the Gulf of Mexico. (AP Photo/Bureau of Safety aqnd Environmental Enforcement)

Crews to start relief well Thursday at Gulf blowout site

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Crews plan to begin drilling Thursday to intercept and plug a Gulf of Mexico natural gas well that went out of control last week.
(Plains All American)

Plains GP files to raise $1 billion in initial public offering

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Plains GP Holdings LP, the company formed as a general partner to Plains All American Pipeline LP, filed to raise $1 billion in an initial public offering.
The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy)

US oil and gas will surge for years, firm projects

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Eagle Ford Shale production will jump 50 percent this year, hitting an average 844,000 barrels per day, according to an analysis by research and consulting firm Wood Mackenzie.