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

solarap

Houston Community College plans solar energy training program

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Houston Community College will begin a program next month aimed at training solar panel installation technicians.
Categories: General
(Image: Fotolia)

Commentary: Regulations for the oil & gas industry are a good thing

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If we attempt to run roughshod over a region in ways that benefit us solely and say “well, we know better, please keep away and let us do our work”, then eventually that social license to operate WILL be revoked and WE will be the ones told to keep away.
Baker Hughes' TeleCoil(TM) downhole communication system.

Energy rigs in U.S. rise to 1,757, Baker Hughes reports

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June was the most active month for U.S. land drilling permits in more than a year, according to a Barclays research note.

Categories: Crude oil, Natural gas
Chevron's proposed tower (left) would form an urban campus with the company's two existing towers in downtown Houston. (Rendering: HOK)

Chevron planning new downtown Houston tower

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Chevron U.S.A. is planning to build a new downtown skyscraper for its growing Houston workforce. The energy giant said this morning it will build a 50-story tower with 1.7 million square feet at 1600 Louisiana St. at Pease. The building will add to Chevron’s existing downtown footprint, which includes 1500 Louisiana and 1400 Smith, the […]
Categories: Real estate
David  Rainey,   (AP Photo/Matthew Hinton)

Judge delays trial in former BP exec’s Gulf oil spill criminal case

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A judge agreed to delay the trial of former BP exec David Rainey after a request from lawyers for both sides.
Categories: Gulf oil spill

Chesapeake sells its ‘northern’ Eagle Ford acreage

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The Oklahoma-based Chesapeake Energy Corp. has been trying to shed some of its Eagle Ford Shale acreage for a while now, and it has a buyer. The Dallas-based EXCO Operating Co. LP, a subsidiary of EXCO Resources Inc. will pay $1 billion for property in the Eagle Ford and in the Haynesville Shale in Louisiana.  
Categories: Uncategorized
Sen. John McCain, R-Ariz., takes reporters' questions at the Capitol in Washington. (AP Photo/J. Scott Applewhite)

Environmentalists target McCain & Portman on EPA vote (video)

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The Sierra Club on Wednesday became the latest group to take to the airwaves with a campaign aimed at convincing some Republicans to confirm Gina McCarthy to head the Environmental Protection Agency — or at least not stand in her way. The aggressive push comes ahead of a possible Senate debate as soon as next week on the nomination.
Shell's Olympus platform (Shell)

Shell says Gulf find may hold 100 million barrels

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A drilling hunch with its roots in the Jurassic period is paying off for Royal Dutch Shell, with a potential 100-million barrel oil find adding to the company’s bounty in the Gulf of Mexico.
Categories: featured, General
A rendering of a portion of the planned solar array on top of Mandalay Bay Resort Conference and Convention Center. (Source: NRG Solar)

Huge solar array to top Las Vegas resort

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One of the world’s largest rooftop solar arrays will be installed on the Las Vegas strip, according to NRG Energy and MGM Resorts.
Categories: Solar
(Bill Montgomery/Houston Chronicle)

Commentary: On climate policy, a consumer focus is needed

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While the President may be reacting to years of congressional inaction on climate-related issues since the failure of cap-and-trade legislation in 2009, the Administration and Congress must thoroughly consider the impacts that regulating or legislating carbon emissions will have on energy consumers. With coal producing over 40% of our nation’s electricity, limiting its potential will […]
Flowers grow in front of a sign at the Chesapeake campus in Oklahoma City.  (AP Photo/Sue Ogrocki)

Chesapeake has deal to sell $1 billion in assets

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Chesapeake Energy Corp. announced this morning a deal to sell off assets for $1 billion in the Eagle Ford and the Haynesville shales to Dallas-based Exco Resources.
Categories: Deals, Eagle Ford, General

Drumbeat: July 3, 2013

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Egypt’s military holds crisis meeting as deadline looms
CAIRO — Leaders of Egyptian armed forces held a crisis meeting Wednesday only hours before their deadline for a defiant President Mohamed Morsi to either yield to mass protests for sweeping poli…
Categories: Uncategorized