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

Mike Bahorich, executive Vice President and chief technology officer, Apache (Jeannie Kever/Houston Chronicle)

Tight oil will spread globally, but slowly

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Mike Bahorich, executive vice president and chief technology officer at Apache Corp., noted that diesel is still the dominant fuel for high horsepower engines, which drive operations at drilling sites.
Categories: CERAWeek
Jack  Gerard, CEO American Petroleum Institute during an editorial board interview on Wednesday, April 21, 2010, in Houston. (James Nielsen/Houston Chronicle)

Industry group chief urges policymakers to be ‘sensible’

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A key oil and gas industry group is pushing U.S. policymakers to get out of the way of further growth in the country’s energy revolution so that more jobs can be created.

US and China agree on N Korea sanctions

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US and China agree new round of sanctions against North Korea to punish it for last month’s nuclear test, underlining Beijing’s growing frustration
Categories: Uncategorized

SSTB 2013: CDL announces new generation vibration and motion monitoring system

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CDL, winners of the 2013 Subsea Industry Innovation & Technical Award, will kick-off this year’s SSTB Conference in San Antonio with the introduction of their new generation subsea vibration and motion monitoring system.
Categories: Offshore

Seadrill orders two offshore jackup drilling rigs

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Seadrill (XOSL:SDRL) has exercised fixed price options for the construction of two high-specification jackup drilling rigs at Dalian Shipbuilding Industry Offshore Co. Ltd. (DSIC Offshore) in China.
Categories: Offshore

Buyout groups home in on Latin America

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Private equity and venture capital firms invest $7.9bn in 2012 – the highest in five years – in deals focusing on the consumer and retail sectors
Categories: Uncategorized

Anadarko announces $860-million carried-interest agreement for Heidelberg development

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Anadarko Petroleum Corp. (NYSE: APC) has signed a definitive agreement with an undisclosed party to enter into a carried-interest arrangement for a portion of Anadarko’s ownership in the Heidelberg development project in the deepwater Gulf of Mexico.
Categories: Offshore

ECB battles demons as growth slows

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Central bank wants eurozone to continue enforcing budgetary discipline and implementing reforms to help lay groundwork for sustainable growth
Categories: Uncategorized
Saudi Aramco CEO Khalid Al-Falih speaks at the CERAWeek 2013 conference in Houston. (Johnny Hanson/Houston Chronicle)

Amid oil boom, Saudi Aramco urges resilience

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The chief executive of the world’s largest oil giant said Tuesday at the CERAWeek energy conference in Houston that he planned to invest heavily in renewable energy technology, even during a renaissance of fossil fuel production.
Trucks dump dirt at an oil sands mine operated by Suncor in Alberta, Canada. The facility, which started operating in 1967, extracts tar-like bitumen from the oil sands. Once diluted with other materials or upgraded into a synthetic crude oil, the hydrocarbon can be transported by pipeline to refineries in the U.S.  (Jennifer A. Dlouhy/Houston Chronicle)

Growth in U.S. crude seen complementing Canadian oil sands

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Energy companies developing tight oil in the United States are going head-to-head with Canadian crude producers in a competition for scarce options to ferry those supplies to American refineries. But the two resources can peacefully coexist, industry representatives told CERAWeek delegates on Tuesday.

Fairmount tug tows La Muralla IV from South Korea to Mexico

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Fairmount Marine’s tug Fairmount Glacier has towed the semisubmersible drilling rig La Muralla IV from Okpo, South Korea, to Bay of Campeche, Mexico.
Categories: Offshore

SSTB 2013: 3M to highlight high-strength filament tape

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Addressing the challenges posed by the harsh environments and extreme pressures of deepwater drilling, 3M will introduce the Scotch High Strength Filament Tape 890HD at this year’s Subsea Tieback Forum & Exhibition.
Categories: Offshore

Reef Subsea CEO steps down

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Mark Preece has stepped down as CEO of Reef Subsea Group.
Categories: Offshore
woman_chemical_plant_worker

Talent gap seen in oil and gas industry workforce

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The oil and gas industry is facing a talent gap just as a large number of older and more experienced employees is nearing retirement, a troubling trend that is especially acute in the United States and Canada, demographics experts said Tuesday.

Kenyatta leads Kenya election tally

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Deputy prime minister Uhuru Kenyatta leads provisional results of presidential election but technical glitches mean only 41% of results were declared
Categories: Uncategorized