Fuel Fix

More oil rigs shut down this week

Categories: Crude oil, featured, Markets
The number of U.S. rigs chasing oil fell to a total of 646 this week, according to a weekly tally by oil service company Baker Hughes.
Alan Sadler

Feds’ plan to boost biofuel targets draws fire from all sides

In trying to balance the competing interests of oil companies and biofuel producers, the Environmental Protection Agency’s proposed renewable fuel quotas for 2014, 2015 and 2016 have pleased almost no one.

People walk by damaged vehicles and road following a pipeline explosion in Qingdao in east China's Shandong province Friday, Nov. 22, 2013. Leaked oil from a ruptured oil pipe, owned by China's largest oil refiner, Sinopec, caught fire and exploded Friday in an eastern Chinese port city, killing and injuring many people. (AP Photo)

Oil pipeline blasts in eastern China kill 35

Leaked oil from a ruptured pipeline in an eastern Chinese port city exploded Friday, killing at least 35 people, injuring 166 and contaminating the sea in one the country’s worst industrial accidents of the year, authorities said.
Categories: Accidents, Asia, Pipelines
Secretary of Defense Chuck Hagel appears at a news conference at the Ministry of National Defense in Seoul, South Korea. The U.S. military is looking for ways to expand operations in the vast waters of the Arctic as melting ice caps open sea lanes, and other nations such as Russia compete for the lucrative oil and gas deposits. Hagel says climate, energy and security issues revolving around the Arctic will continue to grow in importance. (AP Photo/Jacquelyn Martin, Pool, File)

US eyes increase in Arctic operations

The U.S. wants to make sure it is not left behind as countries like Russia, China, Canada and Norway map out plans ranging from gas and oil exploration to research and military exercises.
Categories: Arctic

Oil Barrel

Oil down near $95 as focus returns to Iran talks

Oil fell to near $95 a barrel Friday as investors waited to see if Iran will get sanction relief in exchange for curbing its nuclear program.
Categories: Crude oil
A production facility in the Gulf of Mexico. (Simone Sebastian/Houston Chronicle)

Feds order five companies to halt offshore work

The federal government has ordered five companies to cease their offshore oil and gas operations, after the firms failed to give regulators a required audit of safety plans newly required since the 2010 Deepwater Horizon disaster.
Refineries and chemical plants release steam near the Houston ship channel. (AP Photo/File/Pat Sullivan)

Nation’s largest methanol plant planned for Texas

A Dutch fertilizer company said Thursday it plans to build what would be the largest methanol plant in the United States in Beaumont, Texas.
Categories: Chemicals

‘The Frackers’ tells stories of the US shale boom’s architects

“The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters” gives an inside look at the conflicts and difficult decisions that made Harold Hamm, George Mitchell, Aubrey McClendon and others the biggest names in the modern oil and gas rush.
Categories: Shale

Comstock Resources makes a $66.5 million Eagle Ford purchase

Comstock Resources Inc. will purchase 70 percent of Ursa Resources Group II LLC’s interests in the eastern part of the Eagle Ford Shale. The $66.5 million deal includes one well producing 433 barrels of oil equivalent per day and 32,000 gross acres in Burleson and Washington counties. The company said the properties are near successful […]
Categories: Uncategorized