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 to bring drilling back to pre-downturn levels

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Pioneer Natural Resources said late Tuesday it lost $218 million in the second quarter but still expects its crude production to increase 10 percent this year.

Pioneer to bring drilling back to pre-downturn levels

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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 Resources said late Tuesday it lost $218 million in the second quarter but still expects its crude production to increase 10 percent this year.
Former Florida Gov. Jeb Bush, Dr. Ben Carson, and New Jersey Gov. Chris Christie stand on the stage prior to the Voters First Presidential Forum for Republicans at Saint Anselm College August 3, 2015 in Manchester, New Hampshire. (Photo by Darren McCollester/Getty Images)

Energy industry lobbying arm lays out wish list for White House hopefuls

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It’s time for presidential candidates to start outlining their plans for energy policy, a top oil industry leader says.

Iranian flag

Iran to woo oil companies with ‘sexy’ contracts, Total CEO says

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Iran plans to offer oil companies improved terms to develop oil and natural gas fields once a trade embargo against the country is lifted, Total SA (FP) Chief Executive Officer Christophe de Margerie said.
Categories: Crude oil, Middle East
The growth of renewable energy could slow unless the industry gets more certainty about policies surrounding them, the International Energy Agency said in a new report. (Sean Gallup/Getty Images)

Germany tax on own use of renewables is first in Europe

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Germany is set to become the first nation inEurope to charge owners of renewable energy plants for their own use of electricity, part of Chancellor Angela Merkel’s effort to contain rising power bills.
Categories: Europe, Solar, Wind

Kurt Mix (center) arrives at the Hale Boggs Federal Building in New Orleans, Tuesday, Dec. 3, 2013.  (AP Photo/Jonathan Bachman)

Juror interviews at issue in ex-BP engineer’s case

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A former BP engineer is basing his request for a new trial on improper interviews with jurors who had convicted him of trying to obstruct a federal investigation of the company’s 2010 Gulf oil spill, federal prosecutors say.
Gustavo Madero, president of Mexico's National Action Party, speaks at the Mayer Brown law firm's Mexico Energy Reform Breakfast Seminar on Jan. 21, 2014, at the Four Seasons Hotel in Houston. (Emily Pickrell/Houston Chronicle)

Mexico’s opposition leader discusses impact of energy policy overhaul

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During a visit to Houston last week, Gustavo Madero, president of Mexico’s opposition National Action Party, spoke with FuelFix about how the nation’s new energy reform policy will affect Pemex and other aspects of the nation’s energy landscape.
FTS International workers and equipment conduct simultaneous fracturing on a multiple well pad site in Fort Worth Basin. (FTS International)

Pumps move to the Permian under market pressure

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Rigs designed for horizontal drilling made a big move last year into the Permian Basin, the last major U.S. oil patch to remain a stronghold for older vertical units. But that’s small relief two years after a surge of oil field services startups left the U.S. market with far too much fracturing equipment and sent prices for fracturing jobs plummeting.
A crane stands next to Petroleos Mexicanos (Pemex) signage displayed on the company's La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug.30, 2013.  (Susana Gonzalez/Bloomberg)

Pemex sees production ventures as early as year end

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Petroleos Mexicanos, Mexico’s state- owned oil company, expects to sign its first exploration and production agreements with international companies as early as year-end after Mexico ended its 75-year monopoly.
Shell's Perdido oil and natural gas platform  located  200 miles off the coast of Texas in the Gulf of Mexico (Melissa Phillip / Houston Chronicle )

Feds will wait til March to open sealed Gulf bids

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Oil companies that hope to nab new drilling leases near the U.S.-Mexico boundary in the Gulf of Mexico will have to wait a little longer to see if they were successful.