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

Obama sets conditions for Keystone pipeline go-ahead

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President announces his first big policy on greenhouse gases with executive orders on emissions and push for co-ordinated international action
Categories: Uncategorized

Equities advance as China concerns abate

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Global stocks advance as worries about a Chinese credit squeeze fade, but robust US economic data put fresh pressure on Treasuries
Categories: Uncategorized

Putin rules out sending Snowden back to US

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Russia and China say US accusations that they helped fugitive US former intelligence analyst Edward Snowden escape are unacceptable
Categories: Uncategorized
U.S. President Barack Obama speaks as he unveils his plan on climate change June 25, 2013 at Georgetown University in Washington, DC.

Obama: Keystone XL verdict hinges on its carbon footprint

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President Barack Obama on Tuesday put climate change at the center of the heated national debate over the controversial Keystone XL pipeline by insisting in a major policy speech that the project’s fate hinges on how much carbon dioxide it contributes to the atmosphere.

Kirkpatrick Oil & Gas looks to sell a slice of its Eagle Ford

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Oklahoma City-based Kirkpatrick Oil & Gas LLC is looking to sell some of its Eagle Ford Shale and Pearsall Shale properties in La Salle and Frio counties. The company said this week it has hired E-Spectrum Advisors LLC to sell its non-operated properties. Kirkpatrick’s ownership includes 41 producing wells which are operated by Cheyenne Petroleum  
Categories: Uncategorized

Bond yields threaten bank balance sheets

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Unrealised losses on big portfolios of liquid securities set to hit banks’ tangible book values in second-quarter earnings under new capital rules
Categories: Uncategorized

China in fresh bid to calm shaken markets

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Central bank pledge to guide interest rates to ‘reasonable range’ was enough to help Shanghai Composite index recover from early loss to end day flat
Categories: Uncategorized

Sprint shareholders accept SoftBank bid

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The deal will give Japan’s SoftBank a key role in reshaping the US mobile industry and help Sprint Nextel compete with its larger rivals
Categories: Uncategorized

Upbeat US data set to ease Fed pressure

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A stream of upbeat US economic data provided a counterpoint to anxieties surrounding rising interest rates that have roiled markets in recent weeks
Categories: Uncategorized
(AP file photo)

Climate change becoming top shareholder concern

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Climate change concerns are becoming the biggest priority for shareholders, according to a study released by Ernst & Young on Tuesday morning.
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron enters midstream deal in Delaware Basin

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In another sign of the growing importance of the West Texas oilfields to Chevron U.S.A., the company announced a joint development agreement with Cimarex Energy Co. for Delaware Basin acreage in Culberson County.
Categories: General

Blow to US Voting Rights Act

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By invalidating the central provision of the Voting Rights Act, the US Supreme Court has curbed federal civil rights oversight of state voting law
Categories: Uncategorized