Fuel Fix

An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)

Pioneer Natural slashes budget, halts drilling amid oil-price crash

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The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.

Pioneer Natural slashes budget, halts drilling amid oil-price crash

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An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown. (Eddie Seal/Texas Tribune)
The Texas shale explorer scrapped plans to increase outlays for drilling announced early last month, and instead will reduce spending about 9 percent from last year.
(Daniel Acker/Bloomberg)

Wyoming oilmen diversify to survive the bust

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Casper businesses were the hub for Wyoming’s oilfields during the boom years. Today, they are rewriting business plans, reassigning machines for jobs outside the oil patch and experimenting with new product lines.

BP accused of intimidating spill claimants

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Escalating war of words between company and private sector plaintiffs seeking compensation over the spill threatens to derail settlement
Categories: Uncategorized

Renewables rise led by emerging economies

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IEA expects renewables to provide about 24 per cent of the world’s electricity within in three years, with emerging markets leading the way
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The world's fastest ferry, named the Francisco, runs on natural gas and will soon begin operating between Argentina and Uruguay, according to GE. (Photo: GE)

World’s fastest ferry running on natural gas

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Natural gas turbines are now powering the world’s fastest ferry, according to GE.

‘King of oil’ who became a target for US

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Dealings with regimes outlawed by the US – from Iran to Cuba – fed his fortune, but they irreversibly tainted his reputation
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A utility company linesman works to replace a damaged power line. (Tom Pennington/Getty Images)

Summer power bills to shrink — but not in Texas

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Electricity prices are expected to rise this summer compared to last. But falling demand for power will mean smaller electricity bills for most of the country.
(AP Photo/Charlie Riedel)

Federal study touts Gulf Coast for carbon sequestration

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The Gulf Coast has the greatest potential of any region in the nation for storing carbon dioxide, according to a study released Wednesday by the Interior Department.
NRG Energy's SR Bertron Power plant. (Nathan Lindstrom/For the Chronicle)

NRG Energy: ‘We welcome the renewed focus on climate change’

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In response to Pres. Obama’s landmark message on climate change this week, power provider NRG Energy issued a response that noted its investments in solar and carbon capture systems.
Categories: Electricity, Environment

Brazil’s leaders move to mollify protesters

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The rush by Congress to appease public opinion follows a proposal by President Dilma Rousseff to hold a plebiscite on political reform
Categories: Uncategorized

Equities and government bonds advance

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Buyers return to equity and bond markets after central bankers move to calm policy fears, but concerns about Chinese liquidity remain
Categories: Uncategorized

Coal lobby will be key in US midterm elections

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Republicans were quick to accuse the president of waging a ‘war on coal’ after he placed climate change at the top of his agenda
Categories: Uncategorized

Buy America laws raise hurdles in European talks

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‘What we are trying to establish in negotiations is free trade?.?.?.?that means not discriminating between European goods and American counterparts’
Categories: Uncategorized

Basel moves on bank borrowing limit plan

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Global regulators say banks will have to calculate and disclose their ‘leverage ratios’ according to a newly agreed global formula starting in 2015
Categories: Uncategorized