Fuel Fix

A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)

Paragon Offshore reaches creditor deal for bankruptcy filing

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Under the plan, the oil services provider will be able to reduce more than $1.1 billion of debt and loosen some covenants, the company said.
( Johnny Hanson / Chronicle )

Rig count tumbles again

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Categories: Crude oil, featured

Paragon Offshore reaches creditor deal for bankruptcy filing

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A Paragon Offshore rig working in the North Sea. (File photo/Paragon Offshore)
Under the plan, the oil services provider will be able to reduce more than $1.1 billion of debt and loosen some covenants, the company said.
( Johnny Hanson / Chronicle )

Rig count tumbles again

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The total rig count, which when including natural gas rig fell by 30, now stands at 541.
Categories: Crude oil, featured
The Fluminense floating production storage and offloading facility Shell is operating in Shell's Bijupirá/Salema fields in Brazil. (Shell)

Shell to boost deep-water offshore Brazil production

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Royal Dutch Shell is eyeing an oil production boost from two new projects in the deep waters off Brazil.
Categories: Crude oil
(Image: Fotolia)

Authorities: 12 arrests after oil pipeline protest

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Authorities say they’ve arrested 12 people protesting a Michigan oil pipeline project.
Categories: Canada, Environment

Eagle Ford production jumped 58 percent in May

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It’s well known that production in South Texas’ Eagle Ford Shale is booming, and here’s another reminder: Oil production in the shale jumped 58 percent in May compared to the same month a year ago. The nine fields that make up most of the Eagle Ford yielded 581,923 barrels of crude a day, up from  
Categories: Uncategorized

Drumbeat: July 22, 2013

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Wall Street Commodity Trading in Jeopardy Amid Fed Review
JPMorgan Chase & Co., Morgan Stanley and Goldman Sachs Group Inc. are among lenders whose commodity-trading is in jeopardy as the Federal Reserve reconsiders letting banks ship oil and store…
Categories: Uncategorized
Sunlight illuminates a lingering oil slick off the Mississippi Delta on May 24, 2010. (NASA Goddard Photo and Video/Flickr)

Halliburton: Gulf spill settlement talks have ‘slowed’

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Oil field services firm Halliburton said Monday its settlement talks with victims of the 2010 Gulf of Mexico oil spill have “recently slowed” and it is unclear if a deal will ultimately be reached.
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Pemex pipe explodes in central Mexico, 7 injured

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A pipeline explosion Sunday that injured seven people and sent flames and smoke shooting hundreds of feet into the air in central Mexico was caused by illegal tapping, Mexico’s state-owned oil company said.
Categories: Accidents, Pipelines
(Xinhua/Liu Xiao)

Renewable energy complaint tests utilities’ pull

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Third-grade teacher Donya Bengert and her students learned a real-life lesson when they undertook a yearlong project to build a wind turbine in 2010 at their small southern Indiana school.
Categories: Electricity, Wind
(Eddie Seal/Bloomberg)

Halliburton 2Q profit falls nearly 8 pct

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Oil field services firm Halliburton reported Monday a nearly 8 percent drop in second-quarter profit despite a slight increase in revenue.
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Fracking films reflect twists in drilling debate

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The boom in natural gas drilling has cast two opposing documentary filmmakers in unlikely roles.
A typical hydraulic fracturing operation.  (AP Photo/Brennan Linsley)

University plans to build, study fracking well

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Supporters say it provides researchers opportunity to study how shale drilling alters the environment and assess pollution risks to the air and groundwater.
Shell's tension leg platform named Olympus (left) and Chevron's tension leg platform named Big Foot (second from right) and semi-submersible platform named Jack / St Malo (right) are shown under construction at Kiewit Offshore Services, 2440 Kiewit Road, Thursday, July 11, 2013, in Ingleside. ( Melissa Phillip / Houston Chronicle )

New oil platforms rise high to reach deep (photos)

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The first wave of oil platforms since business went on hold in the Gulf of Mexico following the BP oil spill in 2010 are under construction on its shores as technological breakthroughs allow geologists and engineers to find and reach large oil reserves in previously mysterious regions deep under water and deeper under rock.
Categories: Gulf of Mexico, Offshore
Shell's tension leg platform named Olympus (left) and Chevron's tension leg platform named Big Foot (second from right) and semi-submersible platform named Jack / St Malo (right) are shown under construction at Kiewit Offshore Services, 2440 Kiewit Road, Thursday, July 11, 2013, in Ingleside. ( Melissa Phillip / Houston Chronicle )

New platforms rise to meet Gulf of Mexico drilling boom (photos)

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The giants are visible from more than 20 miles away, rising like monuments from the shores of the Gulf of Mexico.
Categories: Gulf of Mexico