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
BP CEO Bob Dudley (AP file photo/Alastair Grant)

BP chief: Oil spill settlement has been ‘hijacked’

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BP CEO Bob Dudley says the company’s settlement agreement with victims of the Gulf of Mexico oil spill has been hijacked and turned into a caricature by the administrator overseeing the settlement payouts.
The sun rises over a drilling site in Frio County, Texas. (Jerry Lara/San Antonio Express-News)

Wells documented: Baker Hughes adds to its famous rig count

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Oil field services giant Baker Hughes for decades has been the go-to source for the number of drilling rigs operating in a given week or month. Now, it is adding a count of new U.S. onshore oil and gas wells to its data set.
Categories: Production

The Dallas Fed talks Eagle Ford

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Good luck hiring a retail worker in the Eagle Ford Shale. The oil field has become a recurring topic in the Beige Book, the latest of which was published this week by the Federal Reserve Bank of Dallas. The survey of economic activity in Texas, northern Louisiana and southern New Mexico again made reference to  
Categories: Uncategorized
Apache Corporation operates in the Gulf of Mexico. (Apache Corp.)

Apache to sell $3.75B in Gulf of Mexico assets

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Houston-based oil and gas exploration and production firm Apache Corp. is selling some of its Gulf of Mexico assets for $3.75 billion in cash to a unit of New York private equity firm Riverstone Holdings.
Categories: Deals, Gulf of Mexico
GinaMcCarthy1_small.jpg

Senate approves Obama-pick McCarthy to head EPA

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The Senate has approved Gina McCarthy to head the Environmental Protection Agency, hours after it also approved a new secretary of labor.
Categories: Politics/Policy
President Barack Obama speaks about climate change at Georgetown University in Washington in June 2013. (AP Photo/Charles Dharapak)

Poll finds broad public support for Obama’s climate change plan

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A poll conducted for the Natural Resources Defense Council found two-thirds of registered voters approve of one of the most controversial components of President Obama’s proposals to combat climate change: setting limits on carbon emissions from existing power plants.
Categories: Electricity, Environment
A stingray carcass lays on the shore of the Chachalacas beach near the town of Ursulo Galvan on Mexico's Gulf Coast, Tuesday, July 16, 2013. Mexican authorities are investigating the death of at least 250 stingrays. Ursulo Galvan Mayor Martin Verdejo says witnesses told authorities fishermen dumped the stingrays on the beach because they weren't able to get a good price for them. Chopped stingray wings are commonly served as snacks in Veracruz restaurants. (AP Photo/Felix Marquez)

Gulf of Mexico stingray deaths investigated for oil link

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Mexican authorities investigating the deaths of at least 250 rays found on a beach say they are studying whether work being done by the country’s national oil company in the Gulf of Mexico might have been involved.
Pipe extends above ground at the Enbridge Key Terminal near Salisbury, Mo., Tuesday, July 16, 2013. The company hopes to begin construction of the Flanagan South pipeline in early August. (AP Photo/Orlin Wagner)

Swift approval sought for Midwest oil pipeline

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A Canadian company’s plan to build an oil pipeline that will stretch for hundreds of miles through the Midwest, including through many sensitive waterways, is quietly on the fast-track to approval — just not the one you’re thinking of.
Categories: Canada, Pipelines
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

US Gulf oil profits lure $16 billion more rigs by 2015

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The deep-water Gulf of Mexico, shut down after BP Plc (BP/)’s record oil spill in 2010, has rebounded to become the fastest growing offshore market in the world.
Categories: Crude oil, Offshore
Mark Tarrien (CQ), director of production and quality control, holds a sample of biodiesel at the Green Earth Fuels biodiesel production facility in Galena Park, Texas, on Thursday, Nov. 15, 2007. ( Johnny Hanson / For the Chronicle)

Biodiesel can solve the ethanol debate, supporters say

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Amid the oil industry’s all-out blitz to kill a government mandate for corn-based ethanol, biodiesel producers say they have a solution that could help everyone involved.
Categories: Biofuels
(AP Photo/Gerald Herbert, File)

Plaintiffs attorneys oppose BP’s effort to halt Gulf spill payments

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Attorneys for victims of the 2010 Gulf of Mexico oil spill oppose BP’s request to suspend all payments from a multibillion dollar civil settlement, saying in a court filing Thursday there is no evidence the overall processing of claims has been corrupted.
Categories: Gulf oil spill

U.S. crude imports: Where does it all come from?

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The Eagle Ford Shale in South Texas and the Bakken Shale in North Dakota are two relatively new oil fields that experts say can help the country offset foreign imports. Just how much crude oil comes into the U.S.? The country in April was importing around 7.7 million barrels per day, according to the U.S.  
Categories: Uncategorized