Fuel Fix

Original byline: Jim Blecha/

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

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Categories: Crude oil, Deals, featured, Shale
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.

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

on
Categories: Crude oil, Deals, featured, Shale
Original byline: Jim Blecha/
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.
Marathon Bakken drilling

‘Shale-ionaires’ suffering from wave of bankrupt oil drillers

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A rebound in oil prices that bottomed near $44 a barrel in March has provided some relief to stronger companies that have been able to compensate with cost cuts and more efficient operations. For many smaller, cash-strapped producers, current prices of almost $60 still aren’t enough to make ends meet compared to the $100-plus prices seen during the boom days.
Categories: featured, Shale

Obama makes most of second-term honeymoon

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The president’s strategy is to get as much done in the next year to 18 months, the small window that re-elected leaders have before their power wanes
Categories: Uncategorized
A Keystone XL pipeline protester demonstrates outside of the White House on Wednesday, February 13, 2013. (Olivier Douliery/Abaca Press)

Pipeline protesters arrested at White House

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Environmental activists — including actress Darryl Hannah, poet laureate Bob Haas, a Texas landowner and climate scientist James Hansen — were arrested at the White House on Wednesday in a bid to convince President Barack Obama to reject the proposed Keystone XL pipeline.

Natural Gas to Cyprus

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The news of the Cyprus Public Natural Gas Agency, DEFA’s recent decision to include only LNG strategies and exclude CNG technologies from further negotiations for the interim delivery of natural gas to that country is shocking, illogical to the extreme, almost insulting to the intelligence of the people.
Categories: Natural gas

Chevron hit by Argentine legal quagmire

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Argentina is believed to hold world’s second-largest shale gas resources, second only to China’s, according to US Energy Information Administration
Categories: Uncategorized
(Photo: Rosneft)

Exxon Mobil grows Arctic reach in Russia

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Exxon Mobil Corp. vastly expanded its reach in Russia’s Arctic on Wednesday, announcing it had signed an agreement to grow its exploration territory there by more than five-fold.
Categories: Arctic
(AP Photo/Mary Altaffer)

Crude and gasoline prices will drop through 2014, EIA projects

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The price of Brent crude oil on average is expected to decline slightly this year and next year, compared to the average price in 2012, the federal energy data agency said.
Categories: Crude oil

Partners agree on concept for Skrugard/Havis oil development offshore Norway

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Statoil and partners Eni and Petoro have selected a development concept for the Skrugard oil field in the Barents Sea.
Categories: Offshore

Salamander starts latest oil and gas search offshore Indonesia

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The semisubmersible Ocean General has spudded Salamander Energy’s latest exploratory well on the South East Sangatta PSC offshore Indonesia.
Categories: Offshore

TEN offshore oil development plan under review by Ghana’s government

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Tullow Oil estimates capex of $4.5 billion for the development of the TEN project offshore Ghana.
Categories: Offshore

Newfoundland yard starts work on Hebron platform base

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Kvaerner says construction is under way of the gravity base structure (GBS) for ExxonMobil’s Hebron platform, following refurbishment of the Bull Arm site in Newfoundland and Labrador.
Categories: Offshore

Vietnam TGT partners to drill offshore on southern fault block

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SOCO International says the Te Giac Trang (TGT) field offshore southern Vietnam continues to perform as expected, currently delivering 52-55,000 b/d of oil.
Categories: Offshore

Drilling under way on Goliat offshore Norway

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Production drilling has started on the Eni-operated Goliat oil field development in the Barents Sea.
Categories: Offshore

Dockwise, Boskalis boards reach merger agreement

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Dockwise’s board of directors is backing the company’s merger with Boskalis and have recommended acceptance of Boskalis’ latest share price offer.
Categories: Offshore

Cyprus confirms offshore block award

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Delek Drilling and Avner Oil Exploration have signed a production-sharing contract with Noble Energy for block 12 offshore Cyprus.
Categories: Offshore

Maersk extends North Sea drilling link with Plexus

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Maersk Oil North Sea UK has exercised two one-year extension options with Plexus Holdings.
Categories: Offshore