Fuel Fix

Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)

Exxon, Chevron clear to bid on Mexican shallow-water blocks

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Mexico forecasts that the opening of the energy industry will bring in $62.5 billion in private investment by 2018 and increase its annual oil output by 500,000 barrels a day in that time.

Exxon, Chevron clear to bid on Mexican shallow-water blocks

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Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)
Mexico forecasts that the opening of the energy industry will bring in $62.5 billion in private investment by 2018 and increase its annual oil output by 500,000 barrels a day in that time.
FILE - This Oct. 11, 2013 file photo shows cleanup at the site of an oil pipeline leak and spill near Tioga, N.D. (AP Photo/Kevin Cederstrom, File)

Cleanup of oil spill at ND farm to take 2 more years

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“It’s now just become part of our lives,” Patty Jensen said of the massive spill from a Tesoro Corp. pipeline that was discovered in September 2013 by her husband.

(Image: Aidan Jones/Flickr)

Deal in principle reached over Repsol’s YPF stake

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Argentina’s government said Monday it has reached an agreement in principle to compensate Spain’s Repsol for last year’s 51 percent expropriation of the YPF energy company.
Categories: Latin America, Shale
Oil Barrel

Oil drifts above $94 ahead of US supply report

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The price of oil rose slightly Tuesday ahead of a U.S. supply report that is expected to show an improvement in demand.
Categories: Crude oil

Natural gas conversion center opens in Converse

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Houston-based Nat G CNG Solutions has opened its newest center in Converse. Nat G converts new and in-service vehicles to run on compressed natural gas, or CNG. The company also designs, builds and installs natural gas fueling stations for commercial and government clients. Nat G’s clients in the region include San Antonio-based Lewis Energy Group, [...]
Categories: Uncategorized

Rigs in the Eagle Ford – and the rest of the U.S.

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There are 831 drilling rigs hunting oil and gas in Texas -  47  percent of U.S. rigs and 24 percent of drilling rigs worldwide, according to the latest Baker Hughes Rig Count. Most of the Texas rigs are working in five major fields. The Permian Basin in West Texas has the bulk of the state’s rigs (and more [...]
Categories: Uncategorized
(Feng Yu/Fotolia)

Texas manufacturers criticize proposed changes to power grid

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Texas manufacturers are asking state regulators not to adopt a proposed modification to the state’s electricity market that would pay generators for keeping additional capacity available at peak times, saying the change would be costly to consumers and would dampen state growth.
Categories: Electricity
(Image: Fotolia)

Wall Street believes Iranian oil will return

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For now, oil traders see the U.S. deal to curb Iran’s nuclear program as the first step of many that could lead to the return of Iranian oil to the market – a prospect that’s sinking prices Monday.
Categories: Crude oil, Markets
Equipment is housed at National Oilwell Varco's distribution center in La Porte, Texas. (NOV)

New leader touts spinoff of NOV’s distribution business

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Splitting off from National Oilwell Varco will give a new distribution company more control of its cash as it plans to grow beyond its nearly $4 billion in revenues, the incoming CEO of the business said Monday.