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.

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

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Energy Tower would be 6th tallest building in Texas, developer says

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A developer is pitching what would be by far the tallest building in downtown Midland, a booming oil and gas town in west Texas.
Categories: Real estate
(little black spot on the sun today/Flickr)

Texas pumping more oil than some OPEC countries

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We all know oil production in Texas has suddenly soared. But putting the rise in graphic form shows just how phenomenal the energy turnaround has been.
Categories: Crude oil, Production
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Shell reaches settlement in Houston pollution case

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Shell Oil Co. on Wednesday agreed to spend about $160 million to settle legal complaints about chronic pollution problems at its refinery and petrochemical plant along the Houston Ship Channel.

Commentary: Green Energy Policy Matters in Selling EVs

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When it comes to green energy choices, a more comprehensive approach can prove more successful, according to a new study by UC Davis and Simon Fraser University. The study by Kenneth Kurani and Jonn Axsen shows that consumers are more likely to buy plug-in electric vehicles if they know that the electricity that will power […]
Categories: General
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Specialists work to kill leaking Gulf well

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Engineers in a Houston command center and specialists miles out in the Gulf of Mexico worked Wednesday to control a leaking, decades-old offshore well.
Wrecked oil tankers and debris from a runaway train are piled up following a deadly explosion in Lac-Megantic, Quebec, Canada in July 2013. (AP Photo/Surete du Quebec, The Canadian Press)

Rail chief blames employee in Quebec train crash

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The head of a railway company whose train crashed into a Quebec town, killing at least 15 people, blamed the accident on an employee who he said had failed to properly set the brakes.
Categories: Accidents, Canada, featured

Rigs in the Eagle Ford Shale – and across the U.S.

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Texas has 832 drilling rigs looking for oil and gas – about 47 percent of all U.S. rigs and a quarter of drilling rigs worldwide, acoording to the latest Baker Hughes Rig Count. Most of the Texas rigs are operating in five major fields across the state. The Permian Basin in West Texas has 394  
Categories: Uncategorized
(U.S. Development Group)

Crude-by-rail shipments soaring, but pace could slow

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Rail shipments of oil and petroleum products jumped 48 percent in the first half of 2013, but the pace of crude-by-rail growth is slowing, according to an analysis from the U.S. Energy Information Administration.
Categories: Crude oil, Pipelines, Shale
handshake  behind a corporative building.Great for any design.

Rio Oil and Gas launches with North American focus

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Rio Oil and Gas launches with $300 million in capital to buy and develop oil and gas assets.
Photo:  onlinecareertips.com

Commentary: Your Career Path In Oil & Gas Won’t Be A Straight Line

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What happens when you’ve earned your “baseline” qualifications and then have to make some hard choices about which direction you’d like to go in? What happens when there is no diploma or certificate to work towards, and you’re left to your own devices to find the path forward?
Pipes at a transfer station on the west side of the Frio River near Three Rivers. Oil extracted from the Eagle Ford shale is unloaded from tanker trucks and transferred to a pipeline underneath the river to the Valero Three Rivers Refinery. (San Antonio Express-News/John Davenport)

Texas regulators begin aerial surveys of oil and gas facilities

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Several weeks into an assessment of air quality at oil and gas production facilities in South and West Texas, officials with the Texas Commission on Environmental Quality say it’s too soon to say whether the survey will lead to action against companies working there.
Categories: Environment, Production
(AP Photo/Matt Houston, File)

Senators tell feds: Hurry up on LNG exports

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Nearly three dozen senators on Wednesday urged the Obama administration to move quickly and make simultaneous decisions on a host of proposals to broadly export liquefied natural gas harvested in the United States.