Fuel Fix

(Photographer: Andrey Rudakov/Bloomberg)

Shell to ax thousands of jobs amid $7 billion in spending cuts

on
The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”

Shell to ax thousands of jobs amid $7 billion in spending cuts

on
(Photographer: Andrey Rudakov/Bloomberg)
The company, which in April said it was confident prices would return to $90 a barrel in three years, on Thursday said that “today’s oil price downturn could last for several years.”
Anadarko Petroleum Corporation CEO Al Walker, gives a speech after his company won top ranked large employer during the Houston Chronicle's Top Workplaces Awards Gala, Thursday, Nov. 8, 2012, in Houston. (Nick de la Torre/Houston Chronicle)

Anadarko CEO: Outlook still uncertain for shale comeback

on
Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.

(Courtesy of LyondellBasell)

Natural gas boom spurs methanol rush

on
The natural gas boom has turned the United States into a magnet for production of the chemical methanol, with nine major plants expected to be built, expanded or restarted in the country in the coming years.
Categories: Chemicals, Natural gas
handshake  behind a corporative building.Great for any design.

Energy deals plunge to 5-year low in 2013

on
Oil and gas producers worldwide bought fewer assets and spent more on developing a huge stockpile of reserves and acreage in 2013, bringing merger and acquisition activity to its lowest level in five years.
Categories: Deals, Production, Shale

(Photo: Gveret Tered)

China’s largest coal company to learn shale in US deal

on
China’s state-owned coal behemoth is heading to Pennsylvania to learn how to tap into natural gas embedded in shale.
Categories: Coal, Deals, Shale
(Image: Fotolia)

Crude extends plunge, ends below $94

on
Prices have fallen 6.4 percent over the past week.
Categories: Crude oil, Gasoline
ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Exxon Russia ambitions show oil trumps Obama-Putin spats

on
As Barack Obama and Vladimir Putin argue over human rights in Russia and the fate of fugitive U.S. intelligence analyst Edward Snowden, the countries’ biggest oil companies are preparing to drill for giant discoveries together in the Arctic Ocean.
Categories: Arctic, Politics/Policy

Texas opens grants for natural gas vehicles

on
The state has set aside up to $24 million in grants for those switching to natural gas vehicles. The Texas Commission on Environmental Quality this week opened the program, which encourages those who own and operate heavy-duty or medium-duty vehicles to replace them with natural gas vehicles. You don’t have to buy a new vehicle. Converting an existing engine to run […]
Categories: Uncategorized

Eagle Ford counties are Texas’ top crude producers

on
Three counties in the Eagle Ford Shale region top the state’s latest list for crude oil production. Karnes, La Salle and Gonzales counties in September produced the most crude oil in Texas. Also in the state’s top 10 are three more Eagle Ford counties: DeWitt, McMullen and Dimmit. Here’s the list of September’s top crude oil producers – […]
Categories: Uncategorized