Fuel Fix

Oil Boom Shifts The Landscape Of Rural North Dakota

Willbros Group may come under financial pressure in oil slump

Willbros Group, an engineering firm that builds oil-industry projects, says it may not be able to pay off its debt if it can’t persuade lenders to alter its credit agreements.  More »
Laboratory analyst, Syed Ali, takes some measurements in a lab in the research and development building, at the Baker Hughes facility. (Todd Spoth/For the Chronicle)

Dallas Fed: Texas job growth to slow, Houston to see the biggest impact

Declines in the oil and gas industry, tight labor markets and weakening exports led to the revision, the Federal Reserve Bank of Dallas wrote Tuesday.  More »
(Ty Wright/Bloomberg file)

Drilling data shows U.S. oil production is slowing

Drillinginfo’s latest index shows 794,000 new barrels of oil equivalent per day were reaching the U.S. market in February.  More »
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Photographer:Dmitry Beliakov/Bloomberg News.

Anadarko buys into Colorado-to-Cushing pipeline project

The Woodlands-based firm said Wednesday it has purchased a 20-percent stake in the pipeline company building the 550-mile Saddlehorn pipe, which is expected to start piping oil from the DJ Basin to the oil hub in Cushing in the middle of next year.  More »
Dave Washington, left, Bobbie Thompson, and Kevin Hyde, United Steel Workers Local 13-227 members, employed by LyondellBasell Industries Houston, hold a strike claiming unfair labor practices at the oil refinery plant Monday, Feb. 2, 2015, in Pasadena, Texas. (Gary Coronado/Houston Chronicle)

Striking refinery employees could come back to work by end of March

Last week, negotiators for Shell, which was representing the industry, and the union agreed on a deal that provides a national framework for contracts.  More »
conoco

ConocoPhillips to lay off 200 Canadian workers

The Houston-based independent said the layoffs will affect 7 percent of the company’s Canadian workforce.  More »
Homes in The Lakes of Cypress Forest subdivision on Thursday, April 11, 2013, in Houston ( Smiley N. Pool / Houston Chronicle )

Report: Texas housing more resilient to oil prices

Texas’ real estate market should be able to weather lower oil prices better than it did in the 1980s, but if prices fall further, the results could be much more dire, a Texas A&M real estate economist says.  More »
Interior Secretary Sally Jewell is briefed before a March 18, 2015 government auction of drilling rights in the central Gulf of Mexico. (Photo: Bureau of Ocean Energy Management)

Feds collect millions in Gulf oil drilling sale, despite falling prices

Slumping oil prices tempered some of the industry’s enthusiasm for new drilling rights in the Gulf of Mexico — but not much.  More »
The FPSO Petrojarl Knarr is producing oil for BG Group off the coast of Norway. (image courtesy BG Group)

BG Group announces production from North Sea field

The Knarr oil field was discovered in 2008, and BG Group estimaes it has 80 million barrels of oil equivalent in gross recoverable reserves.  More »
Oil pipelines feed into 575,000-barrel capacity storage tanks at the Enbridge Inc. Cushing Terminal in Cushing, Oklahoma, U.S., on Tuesday, Feb. 17, 2009. Photographer: Shane Bevel/Bloomberg News

Oil rallies on Fed news despite higher supplies

Analysts have worried that prices could move lower as the hub approaches its capacity of roughly 71 million barrels.  More »
(Photographer: Patrick Semansky/Bloomberg)

Report: Refiners can handle the flood of light U.S. crude

The American Fuel and Petrochemical Manufacturers, which commissioned the analysis, hopes it will debunk oil producers’ chief argument for crude exports by proving that refiners have the capacity to consume light, sweet U.S. crude.  More »
(AP Photo/Log Cabin Democrat, Courtney Spradlin)

Federal judge dismisses lawsuit targeting Exxon over Arkansas oil spill

It’s unknown whether the plaintiffs plan to appeal.  More »
(AP file photo/John Moore)

Saudi crude exports in January reached highest in 11 months

The growth in January exports coincided with a 7.6 percent slide in the Brent crude price that month, signaling that cheaper oil may be stimulating demand amid a global surplus.  More »
(Photographer: Eddie Seal, Bloomberg)

Report: Oil firms’ rising debts add downward price pressure

Debts owed by energy firms have more than doubled since 2006, the Bank for International Settlements said in a report on Wednesday, following similar comments last month.  More »
A jackup rig works on an Energy XXI project in the Main Pass complex of the Gulf of Mexico, located in about 100 feet of water near the mouth of the Mississippi River. (Martin L Vargas / Energy XXI)

Offshore auction tests industry’s appetite amid slumping prices

Just 35 companies are participating in the government auction of Gulf of Mexico drilling rights — down from 50 a year ago and 56 in a similar March 2013 auction — suggesting that lower oil prices may be dampening enthusiasm for the offshore acreage.  More »
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