Fuel Fix

Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

A single oil rig was shut down last week, extending six month decline

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As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.

A single oil rig was shut down last week, extending six month decline

on
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)
As the price of oil seemingly began to stabilize for now near $60 a barrel, the U.S. oil rig count slowed its pace of decline down to a crawl. The number of U.S. oil rigs is now at 659, according to Baker Hughes data, after dropping by eight oil rigs a week prior.
Original byline: Jim Blecha/

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

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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.
Categories: Crude oil, Deals, featured, Shale

Windermere gets Australian offshore waters safety approvals

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The Australian National Offshore Petroleum Safety and Environmental Management Authority has issued a Safety Case for Hallin Marine’s Windermere.
Categories: Offshore

US cotton pricing primacy under review

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The US stands to lose its crown as king of world cotton pricing as negotiations over a world futures contract for the commodity take on new urgency
Categories: Uncategorized

Solar panels work at the NRG Solar and Eurus Energy America Corp.'s 45-megawatt solar farm in Avenal, Calif.  (AP Photo/The Sentinel, Apolinar Fonseca, File)

Steffy: Austin inaction clouds Houston company’s solar project

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White Camp Solar of Houston has the permits and equipment to build one of the biggest private solar projects in Texas. But the project is stalled because the state Public Utilities Commission hasn’t followed through on a requirement to encourage more solar generation in the state.
Categories: Solar
A crew works on a Marcellus Shale drilling rig to produce natural gas. (AP Photo/Keith Srakocic)

Marcellus Shale gas boom expected to slow in 2013

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Energy experts say the boom in Marcellus Shale natural gas production will slow this year but not because there’s any lack of supply.
Categories: General
(Photo: JOHN DAVENPORT/SAN ANTONIO EXPRESS-NEWS)

Statoil gets consent for $7 billion Mariner development plan

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Statoil ASA, Norway’s biggest oil and gas producer, got approval from the U.K. government for its plan for the Mariner project, the largest offshore development in the U.K.’s North Sea in more than a decade.
Categories: Crude oil, Deals, Natural gas
(HerryLawford/Flickr)

Brazil may receive spot LNG from U.S. as ship arrives at Pecem

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Petroleo Brasileiro SA may receive a spot cargo of liquefied natural gas from the U.S. today, according to ship-tracking data.
Categories: LNG, Natural gas
Apache operations complete a well in the Liard Basin in northern British Columbia, Canada. (PRNewsFoto/Apache Corporation)

Apache plans $2 billion of asset sales after buying spree

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Apache Corp., the fourth-largest U.S. independent oil and natural gas producer by market value, plans to sell assets worth about $2 billion after a three-year buying spree expanded the company’s holdings and its debt.
Categories: Crude oil, Deals, Natural gas
(AP Photo/Ed Andrieski)

Judge: BLM must disclose oil, gas firms’ names

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A federal judge is reversing a 1995 policy and ordering the Bureau of Land Management to disclose who nominates parcels for the federal government to be leased for oil and gas development.

Lessons From Past Natural Gas Import Fiascos Suggest A Cautious Approach to Natural Gas Exports

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The U.S. should take a cautious approach to exporting natural gas.
That’s the clear lesson of three decades of bad guesses by analysts about natural gas prices and supplies. If pro-export advocates are wrong this time, consumers and businesses will …
Categories: Uncategorized

Anglo American slumps to full-year loss

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The mining group reports a loss of $239m after recording a $4bn impairment charge on the troubled Minas-Rio iron ore project in Brazil
Categories: Uncategorized

Share rally stalls ahead of G20 meeting

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Investor sentiment weakens after the eurozone economy shrinks in the fourth quarter and traders fret about currency machinations
Categories: Uncategorized

Tech Talk – Future Bakken Production and Hydrofracking

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Before there were refrigerators folks kept drinks cool by putting them into clay jars that had been soaked in water. The evaporation of the water from the clay cooled the container and its contents, which today includes wine bottles. On the other hand…
Categories: Uncategorized
Apache Corp. headquarters, 2000 Post Oak Blvd

Workers evacuated from offshore well after incident

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Non-essential personnel have been evacuated from a shallow-water well Apache Corp. is drilling in the Gulf of Mexico, amid concerns about an underground flow of natural gas at the site.
Categories: Accidents, Offshore

Einhorn raised Apple stake by nearly 50%

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Greenlight was one of few hedge funds to increase stake in world’s most valuable company during fourth quarter, while others sold down their stakes
Categories: Uncategorized

Democrats pitch $110bn deal to avoid cuts

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Both Republicans and Democrats are adamant they want to avoid this buts, but the bill, is unlikely to help bridge the partisan gap
Categories: Uncategorized