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.

General Electric Co. CEO Jeff Immelt (right) waits for the start of the company's annual shareholders meeting in Erie, Pa. in 2008. (AP Photo/Tony Dejak, file)

GE to buy Cameron compressor business for $550M

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General Electric wants to stamp its iconic logo on more equipment used in North American shale plays and downstream operations.
Categories: Deals, Shale
(martinluff/Flickr)

Surge in quakes near Cushing storage hub doesn’t worry oil companies

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One or two earthquakes could be felt near Cushing prior to 2009, according to an Oklahoma seismologist. Now it is more like dozens a month.

(Photo: freegreatpicture.com)

Gas exporters group discussed forming a bank, new head says

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The new head of the group s seeking to foster closer cooperation just as international rivalry increases.
Categories: LNG, Middle East
Warren Lasher, director of system planning for the Electric Reliability Council of Texas (Emily Pickrell/Houston Chronicle)

Lights stayed on during grid alert

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An unexpected power plant malfunction put the Texas grid on emergency footing Saturday morning for the second time this month, but measures to reduce demand helped prevent power disruptions.
Categories: Electricity
Headquarters of the state-run energy company China National Offshore Oil Corp. (Cnooc) in Beijing. (AFP/AFP/Getty Images)

Cnooc’s 2014 output growth target falls short of goal

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Cnooc Ltd., China’s biggest offshore oil and gas producer, estimated it will increase output by as much as 5.6 percent this year, less than the targeted average for the five years through 2015.
Categories: Asia, Production
Smoke rises from railway cars that were carrying crude oil after derailing in downtown Lac Megantic, Quebec, Canada. The fiery explosion killed at least 47 people in Canada in July 2013. (AP Photo/The Canadian Press, Paul Chiasson, File)

Vulnerable train tank cars will keep carrying crude

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The nation’s thirst for oil is likely to keep weak and outdated railcars moving flammable crude through American cities for years, even if regulators require upgrades to the cars at a cost that could exceed $1 billion.
(StockMonkeys.com/Flickr)

Worry and debate follow Pennsylvania court’s drilling decision

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Business advocates consider the Pennsylvania Supreme Court’s decision backing cities’ rights to fight the state’s new gas drilling law a major setback. Environmentalists cheered the decision, saying it strengthens the hand that environmental considerations will play in government decisions.