Fuel Fix

More oil rigs shut down this week

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Categories: Crude oil, featured, Markets
The number of U.S. rigs chasing oil fell to a total of 646 this week, according to a weekly tally by oil service company Baker Hughes.
Alan Sadler

Feds’ plan to boost biofuel targets draws fire from all sides

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In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.

Money Roll

Family of killed pickup rider gets $281M

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A Dimmitt County jury has awarded $281 million to the family of a man killed when he was struck by a drive shaft that broke off a truck involved in activity in the Eagle Ford Shale.
Categories: Eagle Ford, Legal issues
Valerus_vertical logo

Houston company to sell oil-field services businesses

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Houston-based Valerus announced Monday that it has agreed to sell its field solutions unit to Kentz Corporation Limited for $435 million in cash and form a separate company with its remaining business lines.

(AP Photo/Steve Ruark)

Natural gas soars on wintry weather

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Natural gas rose above $4.20 for the first time since May 28.
Categories: General
(Cody Duty / Houston Chronicle)

Oil begins flowing through Keystone XL’s southern leg

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TransCanada has begun moving oil into the Keystone XL pipeline’s southern leg, which runs from Oklahoma to the Texas coast, a company spokesman said Monday.
Crewmen work a site for TransCanada's Keystone XL project in Wood County, Texas. (Cody Duty / Houston Chronicle)

Feds meet with enviro groups as Keystone decision nears

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As the State Department readies its final review of the proposed Keystone XL pipeline, environmentalists on Monday stepped up their fight against the project.
Saudi Aramco's Manifa field was drilled through 27 man-made islands in a bay along the Persian Gulf. It will put out 900,000 barrels per day of crude by the end of 2014. (Photo: Saudi Aramco)

Oil and gas spending to hit record in 2014

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Oil and gas companies will spend more money in 2014 than they ever have to explore for and produce oil and gas, with $723 billion expected to fund the global effort, according to projections from Barclays.
U.S. Department of the Interior  logo

Northeast Nevada eyed for more oil exploration

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Noble Energy officials say it may be as far as a decade away, but they’re confident they’ll be drilling for oil in northeast Nevada.
Categories: Exploration