Fuel Fix

(Andrew Burton/Getty Images)

IEA: Oil glut could still grow in second half of 2016

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The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.

IEA: Oil glut could still grow in second half of 2016

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(Andrew Burton/Getty Images)
The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy rebounds after denying bankruptcy plans

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The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.

Firefighters work next to flames caused by the explosion of a gas pipeline in Zapotlanejo, 30 km from Guadalajara city, Jalisco State, Mexico on October 19, 2012. (AFP PHOTO/Hector GuerreroHECTOR GUERRERO/AFP/Getty Images)

Illegal pipeline taps double in Mexico

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The number of illegal taps drilled into Mexican oil and gas pipelines to steal fuel has doubled so far in 2013. The illegal fuel taps result in explosions or fires
Categories: Pipelines
Crewmen work a site for TransCanada's Keystone XL project in Wood County, Texas. (Cody Duty / Houston Chronicle)

Report: Keystone XL would boost oil sands output, emissions

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Keystone XL would would lead to a significant increase in carbon pollution, because of added production of crude from Canadian oil sands, according to a report backed by environmentalists.
Categories: Keystone XL
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Valero’s Q2 profit falls as higher crude prices narrow margins

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Valero Energy says higher crude prices during the second quarter cut into margins for its refined products.
Categories: Refining

Highlighting Some Trends in Global Renewable Generation

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For the last couple of months I’ve been digging into the hydrocarbon space and studies from LNG exports to NGVs to gasoline, so it seemed a prudent time to go off on a tangent and take a random walk through something non-fossil fuel-ish. So here are ten tidbits I have garnered on my recent travels […]
Categories: Electricity, Solar, Wind
(Alexander Klein/AFP/GettyImages)

Demand for OPEC crude will tumble, EIA says

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OPEC, excluding Iran, made $982 billion from exporting oil in 2012, the most in 38 years of data, the U.S. Energy Information Administration reported today. It forecast that sales will drop in 2013 and 2014.
Categories: Markets, Middle East
The Eirik Raude semi-submersible rig operates on the Jubilee Field offshore Ghana. (Photo: Tullow Oil)

Tullow says wells in Mozambique, French Guiana fail to find oil

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Tullow Oil Plc (TLW), a U.K. oil and gas explorer, said wells in Mozambique and French Guiana failed to make discoveries.
Categories: Africa, Exploration
(Horia Varlan/Flickr)

Kansas regulators considering new fracking rules

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Kansas utility regulators are considering new rules to require oil and natural gas companies to disclose some information about the chemicals they use in hydraulic fracturing, but representatives of an environmental group said Monday that the regulations wouldn’t go far enough.
President Barack Obama addresses an Organizing for Action summit in Washington, Monday, July 22, 2013. The group was formed from Obama's 2012 re-election campaign with the express goal of backing his policy priorities. (AP Photo/Cliff Owen)

Congress, Obama at odds over new Iran sanctions

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Congress is considering a new series of hard-hitting Iran sanctions on everything from mining and construction to the Islamic republic’s already besieged oil industry, despite concern from the Obama administration that the measures could interfere with nuclear negotiations.
Iranian flag

Iraq to import natural gas from Iran

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An Iraqi government spokesman says Baghdad has signed a deal with Iran to import natural gas for power generation, further intertwining the economies of the two Shiite-dominated countries.
Categories: Middle East, Natural gas
A hydraulic fracturing operation takes place in the Permian Basin in October 2012.  (Gaylon Wampler)

Federal fracturing rule carries hefty price, industry groups say

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The Obama administration’s proposed rules on hydraulic fracturing would cost an average $96,913 per well, according to a study commissioned by two oil industry groups.
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GE Oil & Gas moves HQ from Italy to England

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A GE division with two business operations in Houston is moving its headquarters from Italy to the UK.
A BHP Arkansas natural gas project  using Superior Energy Services' CATS automated technology for various completion components.

Natural gas prices are up 60% and still cheap

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Natural gas prices were up nearly 60 percent in the first half of 2013, compared with the same period last year, but they were still too low to inspire new drilling in much of the country, according to the U.S. Energy Information Administration.
Categories: Natural gas