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.
Curtis Burton faces a takeover fight for the company he founded in 2006. ( Karen Warren / Houston Chronicle )

Small oil company’s shareholder fight has international reach

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Two investor groups claim that Buccaneer has lost its way, beset by delays and cost overruns as it pursued an ambitious drilling program in Alaska’s Cook Inlet and on the Kenai Peninsula. Buccaneer Energy founder Curtis Burton is fighting to stay on the board.

Dell rejects ‘inconsistent’ Icahn bid

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Group’s independent committee throws its weight behind founder Michael Dell’s buyout offer, accusing activist investor Carl Icahn of inconsistency
Categories: Uncategorized

Kabel Deutschland accepts Vodafone offer

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UK mobile and telecoms operator offers €7.7bn for German cable company that provides telephone, broadband and TV services to 8.5m homes
Categories: Uncategorized
A sign advertising no ethanol gasoline available at a station in Oklahoma City. A high blend of ethanol gasoline, E15, which contains 5 percent more ethanol than the 10 percent norm sold at most U.S. gas stations, is sold in just 20 stations in six Midwestern states. Sales could spread as the Obama administration considers whether to require more ethanol in gasoline; it's cheaper and cleaner but it could damage older cars and motorcycles. And American Petroleum Institute, the oil industry's powerful lobbying group, has asked the Supreme Court to block it's sale. The Court may decide as soon as Monday, June 24, 2013, whether to hear the case.  (AP Photo/Sue Ogrocki)

Boost for cars or bust? Ethanol debate heats up

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It’s a dilemma for drivers: Do they choose a gasoline that’s cheaper and cleaner even if, as opponents say, it could damage older cars and motorcycles?
Categories: Gasoline
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U.S. gasoline falls to $3.5969 a gallon in Lundberg Survey

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The average price for regular gasoline at U.S. pumps fell 4.16 cents in the past two weeks to $3.5969 a gallon, according to Lundberg Survey Inc.
Categories: Gasoline
(Photo: Steve Snodgrass/Flickr)

Couple pleads guilty in Los Alamos nuclear secrets case

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A husband and wife who worked as contractors at the Los Alamos National Laboratory in New Mexico have pleaded guilty after being accused of trying to leak U.S. nuclear secrets.
Categories: Nuclear
A train leaves the company's crude oil loading terminal near Epping, ND. The percentage of North Dakota oil shipped by pipelines has slipped in the past year as producers preferred rail to reach coastal U.S. refineries that pay premium prices based on foreign crude. The North Dakota Pipeline Authority Director says rail shipments made up three-fourths of the record 794,000 barrels of oil produced daily in April, 2013. (AP Photo/Rangeland Energy, LLC, File)

Trains full of North Dakota oil heading to PNW

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Trains full of North Dakota crude oil are chugging toward the Pacific Northwest.
Categories: Crude oil
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Rendell criticizes Dems over anti-fracking stance

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Former Gov. Ed Rendell on Friday criticized Pennsylvania Democrats over their “ill-advised” call for a moratorium on fracking.

Mandela’s health remains critical

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President Zuma visited the liberation hero on Sunday and was told by the medical team that he ‘had become critical over the past 24 hours’
Categories: Uncategorized

Snowden applies for Ecuador asylum

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Series of events on Sunday are likely to turn former NSA man’s case into an international custody battle
Categories: Uncategorized

Rio scraps plan to shed diamonds business

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Miner says decision is ‘best path to generate maximum value’ for investors and comes after it had considered a number of ‘strategic ownership options’
Categories: Uncategorized
Trailers used as temporary housing for oil industry workers are are parked along a dirt road outside Dore, N.D. (AP Photo/ James MacPherson)

Oil patch dads keep up long-distance relationships

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North Dakota’s oil patch is full of fathers working thousands of miles away from their families, some out of desperation after losing work back home.