Fuel Fix

An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)

Pioneer Natural slashes budget, halts drilling amid oil-price crash

on
The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.

Pioneer Natural slashes budget, halts drilling amid oil-price crash

on
An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)
The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.
(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

on
Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.
(Photo: Fotolia)

Spectra plans to build $3 billion natural gas pipeline to Florida

on
Midstream provider Spectra Energy has agreed to a $3 billion deal with Florida Power & Light to build a new natural gas pipeline between Alabama and Florida, Spectra Energy announced Friday afternoon.
Categories: Electricity, Natural gas
The JPMorgan Chase World Headquarters on Park Avenue in New York. (AFP/Getty Images file photo)

JPMorgan mulls sale of commodities unit

on
The bank is considering a “full range of options,” for the unit, which trades in oil, natural gas and base metals.
Categories: Deals
ExxonLogo

Groundwater verdict against Exxon Mobil is upheld

on
A federal appeals court has upheld a $105 million verdict against Exxon Mobil for contaminating New York City’s groundwater.
Categories: Environment
A natural gas drilling site in the Barnett Shale. (AP file photo/Donna McWilliam)

Elevated levels of metals found in water in Barnett Shale

on
Researchers at the University of Texas at Arlington say there are elevated levels of arsenic and other heavy metals close to natural gas extraction sites in the Barnett Shale area of North Texas, according to a news release from the school Friday.
The Texas Panhandle sky silhouettes a Linn Energy drilling rig in Wheeler County. (Linn Energy)

Energy rigs advance as crude oil prices prompt more drilling

on
Oil and gas rigs in the U.S. advanced to a four-month high as drillers moved to take advantage of rising prices.
Headquarters of the state-run energy company China National Offshore Oil Corp. (Cnooc) in Beijing. (AFP/AFP/Getty Images)

Agency projects 50% rise in world energy demand by 2040

on
Growth in the developing world will increased global energy consumption by 50 percent in the next three decades, and fossil fuels will continue to dominate the energy picture.
Categories: Asia
Solar panels work at the NRG Solar and Eurus Energy America Corp.'s 45-megawatt solar farm in Avenal, Calif.  (AP Photo/The Sentinel, Apolinar Fonseca, File)

Solar power generation to jump over next five years, researchers say

on
Global sales of solar power generation that isn’t centralized in big facilities is expected to reach $112 billion a year by 2018, a new report from a research firm says.
Categories: Solar
(Flickr/SalFalko)

Arraignment set for Halliburton on Gulf spill criminal charge

on
Oil field services firm Halliburton is scheduled to be arraigned Wednesday on a federal charge of unauthorized destruction of evidence in connection with the 2010 Gulf oil spill.

Chinese Oil Companies Move Up on Fortune Global 500

on
For almost 15 years we have been beating the drum of the importance of the oil business for the world, a far cry from peak oil and the cacophony of climate change nonsense. Chinese demand for oil and gas has provided and continues to provide an additional accent. It is moving towards the domination of the oil business and commerce. Chinese oil companies have obliged and filled a void in that country and they have influenced the oil business in hitherto unthinkable ways. More than $200 billion have been invested by Chinese oil companies to buy oil and gas properties throughout the world.
Categories: Asia
The Hercules 265 jack-up rig in the Gulf of Mexico was severely damaged after a natural gas well leak ignited a fire, collapsing a portion of the structure, on Wednesday, July 24. (On Wings of Care)

Scientists head to inspect Gulf gas rig fire (video)

on
Scientists are heading to the site of the Hercules jack-up rig that was severely damaged in a fire earlier this week
Categories: Accidents

Drumbeat: July 26, 2013

on
Antitrust Probe Targets Halliburton’s Fracking Business
A federal antitrust probe into the $36 billion hydraulic fracturing market is increasing pressure on oilfield-service companies already reeling as skyrocketing competition cuts into their profit…
Categories: Uncategorized
The "blue" Tesla Model S sedan sits on display in the parking lot at Tesla Headquarters on Friday July 13, 2012 in Palo Alto, Calif. Photo: Mike Kepka, The Chronicle / SF

Electric cars sold twice as much as hybrids in first years

on
Electric cars have sold at twice the rate that hybrids did in their first few years of availability, according to a report backed by an industry group released Thursday.
Categories: Transportation