Fuel Fix

Original byline: Jim Blecha/

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

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Categories: Crude oil, Deals, featured, Shale
The most recent deal comes on the heels of Vanguard’s announcement in April that it will acquire LRR Energy LP for more than $250 million.

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

on
Categories: Crude oil, Deals, featured, Shale
Original byline: Jim Blecha/
The most recent deal comes on the heels of Vanguard’s announcement in April that it will acquire LRR Energy LP for more than $250 million.
Marathon Bakken drilling

‘Shale-ionaires’ suffering from wave of bankrupt oil drillers

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A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.
Categories: featured, Shale

Market Manipulation For Natural Gas, Record Prices For Gasoline

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Regardless of whether a market is moving up or down, there is always someone making money somewhere. There are various examples every day – be it a billionaire selling a stock short (i.e., Herbalife) or a company selling a meal short on ingredients (i.e., horsemeat economics). Some methods are legitimate, and some are not. But one thing […]

Hyundai recruits CB&I for spar design support

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Hyundai Heavy Industries has awarded CB&I (NYSE: CBI) a $180-million-plus contract for Statoil’s Aasta Hansteen project in the Norwegian Sea.
Categories: Offshore

Vincent FPSO to undergo upgrades

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Woodside Energy says production from the Vincent field offshore Western Australia increased last year to 6 MMbbl, up from 5.1 MMbbl in 2011.
Categories: Offshore

PSA issues clearance for two North Sea wells

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Petroleum Safety Authority (PSA) Norway has approved Rocksource’s North Sea well program.
Categories: Offshore

BP widens Technip Angola offshore support role

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BP Angola has awarded Technip a five-year contract for engineering and modification services for FPSOs in blocks 18 and 31 offshore Angola.
Categories: Offshore

Northern Offshore returns to UK North Sea

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ADTI has contracted Northern Offshore’s jackup Energy Endeavour for a one-well program in the UK North Sea.
Categories: Offshore

Vatican reaches out in Latin America

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Latin America accounts for some 40% of the world’s 1.2bn Catholics, yet spiritual the ‘market share’ is less than it appears, which has forced the Church to act
Categories: Uncategorized

Chairman aims to put Nascar back on track

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Brian France hopes that star driver Danica Patrick and a new-generation cars will end a run of poor ratings, falling ticket sales and patchy sponsorship in the US
Categories: Uncategorized

BHP Billiton appoints CEO

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Marius Kloppers will retire as CEO and a director of BHP Billiton on May 10, and will retire from the group on Oct. 1, 2013.
Categories: Offshore

US new home starts hit four-year high

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An improving jobs market, record low interest rates and the bottoming out of home prices spur demand, as groundbreakings climb to 2008 levels
Categories: Uncategorized
A fiber optic accelerometer, used to measure vibration, is displayed during a tour of Halliburton's Fiber Optics Facility in Houston. ( Michael Paulsen / Houston Chronicle )

Fiber optic tech providing clearer downhole data

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New fiber optic technology is removing some of the uncertainty in drilling, opening the door for well operators to have up-to-the-minute, detailed data about a well’s contents, temperature, pressure and even sound.
Categories: General

UTEC to support pipelay offshore northwest Australia

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UTEC has contracted to supply survey support to the Greater Western Flank pipelay project offshore Australia.
Categories: Offshore

Toll Brothers hit by lower home prices

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New orders jumped 49 per cent to 973 homes, but the average selling price for those properties fell 7.5 per cent to $631,000 from a year ago
Categories: Uncategorized

Drumbeat: February 20, 2013

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2013 gasoline prices could hit record highs
After sending consumers into sticker shock the past month, how much more can gasoline prices climb?

Another 20 to 50 cents a gallon — a level that could propel the cost of gasoline, now $3.75 a gallon, to…

Categories: Uncategorized

CGG embarks on central North Sea 3D seismic survey

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CGG has begun a 3D multi-client seismic survey in the Central North Sea.
Categories: Offshore