Fuel Fix

OTC 2013

Technip to lay off 6,000 workers

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The Paris-based firm, which has its main U.S. offices in Houston, said Monday the move will save it $919 million over the next two and a half years, with the bulk of those savings coming in 2016.

Technip to lay off 6,000 workers

on
OTC 2013
The Paris-based firm, which has its main U.S. offices in Houston, said Monday the move will save it $919 million over the next two and a half years, with the bulk of those savings coming in 2016.
A Linn Energy relief driller loads drill rods onto a rig in Indiana, Pennsylvania in the Appalachian Basin. (AP file photo/Andrew Rush)

Linn Energy sells Permian assets, finalizes $1.5 billion in equity deals

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The assets include 6,400 net acres northeast of Midland for prospective horizontal drilling in the Wolfcamp area of the Permian. The deal also includes existing production from 133 wells in the area.

Photo:  massillonlibrary.org

My oil & gas wishlist for the New Year 2014

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Last week, I wrote about my “One Year Challenge” for the New Year (so far, so good!). This week, since it’s still early in January I want use the “New Year” theme one more time to share the things I hope to see in the coming year as they relate to the oil & gas industry.
Sen. Lisa Murkowski, R-Alaska (AP Photo/Chris Miller)

Senator calls for end to ‘antiquated’ ban on exporting US crude

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WASHINGTON — The Obama administration should immediately end an “antiquated” ban on exporting U.S. crude, Sen. Lisa Murkowski said Tuesday.
Categories: Crude oil, Markets

API President Jack Gerard speaks in Washington, D.C. (AP Photo/Jacquelyn Martin)

Industry aims to put spotlight on energy in election year

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The oil industry’s leading trade group is kicking off a campaign that aims to make energy a front-and-center issue in November’s elections. FuelFix is live-tweeting the American Petroleum Institute’s “State of American Energy” event in Washington, D.C.
Categories: Politics/Policy
(AP Photo/Rick Bowmer, file)

Natural gas rises second day on coldest US weather in decade

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Natural gas rose for a second day in New York as arctic air sweeping across the U.S. boosted demand for the heating fuel.
Categories: Natural gas, Weather
(Jennifer A. Dlouhy/Houston Chronicle)

Coal surge sullies Germany’s clean energy image

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The share of electricity generated from coal rose in Germany last year as the country seeks to achieve its ambitious aim of switching off all nuclear power plants by 2022.
Categories: Coal, Electricity
A decorative barrier stands covered in snow and ice near the U.S. Capitol in Washington, D.C. (Andrew Harrer/Bloomberg)

Speculators cut natural gas wager on fading polar blast

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Hedge funds became less bullish on natural gas for the first time in six weeks as the coldest weather in almost 20 years gives way to higher temperatures.
Categories: Natural gas, Weather
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Environmentalists seek to stop Miss. offshore drilling rules

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Environmental groups want a judge to stop rules setting a framework for offshore gas and oil exploration in parts of the Mississippi Sound.