Fuel Fix

Original byline: Jim Blecha/

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

on
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

on
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

Dalian lands Seadrill double

on
Seadrill has placed a $460-million order with Dalian Shipbuilding Industry Offshore for two high-spec jackup rigs, with delivery scheduled for 1Q and 2Q 2015.
Categories: Offshore

Equipment & Engineering News

on
Aker Solutions has signed a contract with Statoil for the supply of deepwater umbilicals to the Aasta Hansteen field on the Norwegian continental shelf.
Categories: Offshore

GoM oil production up in 2012, says EIA

on
Oil production in the federal Gulf of Mexico waters grew 6% last year, according to a new report issued by the US Energy Information Administration.
Categories: Offshore

Buffett on safari for another big deal

on
After deal to invest $12bn in buyout of Heinz, with private equity group 3G Capital, the ‘Sage of Omaha’ said he was on the prowl for another big deal
Categories: Uncategorized

BP completes Valhall overhaul

on
BP has finally delivered first oil from the Valhall redevelopment in the Norwegian North Sea. Start-up was originally scheduled for the second half of 2010, but a series of delays forced BP to extend operations at facilities that were due to be replaced.
Categories: Offshore

Latin America

on
Pemex has contracted McDermott International for a new production platform for the Litoral Tabasco Tsimin-Xux fields in the Gulf of Mexico.
Categories: Offshore

GLOBAL DATA

on
Infield Systems expects 89 fields – 62 of them to be gas – in the Mediterranean to enter production between 2013 and 2017.
Categories: Offshore

A modern case of resource nationalism

on
An apparent shift in thinking is emerging among states from that of maximizing resource revenues to maximizing the use of the resource revenue stream for the benefit of the local economy and to attract foreign investment.
Categories: Offshore

Washington drifts into budget crisis

on
How Washington has drifted into sequestration is a symbol of the near-total breakdown in relations between Barack Obama and the Republican leadership
Categories: Uncategorized
Headquarters of the state-run energy company China National Offshore Oil Corp. (Cnooc) in Beijing. (AFP/AFP/Getty Images)

Cnooc said to cede control of Nexen’s Gulf assets

on
Cnooc will still own the assets.
Categories: General

LNG facility planned at Baton Rouge port

on
Houston-based Waller Marine wants to have the LNG facility operational within the next year and a half.

Categories: LNG, Natural gas

Poor European data hit risk assets

on
Equities are mixed as disappointing data from China and Europe spark ‘risk’ asset selling, and the pound stumbles as UK manufacturing contracts
Categories: Uncategorized
Crewmen lower a pipe for TransCanada's Keystone XL project into the ground in Wood County, Texas. (Cody Duty / Houston Chronicle)

State Department: Keystone XL wouldn’t expand Canada’s oil sands

on
The State Department late Friday released a fresh environmental assessment of the Keystone XL oil pipeline, concluding that the project is unlikely to dramatically boost demand for Canada’s oil sands or the amount of heavy crude oil refined in Gulf Coast refineries.

Judge cuts Apple’s $1bn damages award

on
Fresh trial ordered by a US court will deal with 14 Samsung products where the jury had based its award on an ‘impermissible legal theory’
Categories: Uncategorized

FBI asked to help unravel Todd mystery

on
The family of the engineer found dead in a Singapore flat meet Bureau officials at Washington HQ and see members of Congress over the fate of their son
Categories: Uncategorized