Fuel Fix

(Andrew Burton/Getty Images)

IEA: Oil glut could still grow in second half of 2016

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The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.

IEA: Oil glut could still grow in second half of 2016

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(Andrew Burton/Getty Images)
The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy rebounds after denying bankruptcy plans

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The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.

A contractor closes a valve on his tanker truck at a Range Resources hydraulic fracturing operation Pennsylvania. (Keith Srakocic/AP)

US natural gas output will rise again, IEA says

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U.S. natural gas production will accelerate from 2014 through 2018 as higher prices spur drilling and expanded infrastructure allows more shale supplies to reach the market, according to the International Energy Agency.
Categories: Natural gas
The Sakhalin Energy LNG tanker at a jetty in Russia. (Shell)

LNG market will be tight through 2014 on Asia demand, IEA says

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Global liquefied natural gas markets will face “unprecedented” tightness this year and next as incremental LNG demand from Asia exceeds new supply, according to the International Energy Agency.
Categories: LNG

Echoes of Mao in China cash crunch

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China’s central bank rejects calls for a liquidity injection as short-term money market rates soar. Is this down to economics or are political considerations in play?
Categories: Uncategorized

Sony plays for time on spin-off proposal

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Kazuo Hirai tells meeting that board will ‘consider appropriately’ Daniel Loeb’s proposal, but says entertainment division is ‘very important’
Categories: Uncategorized

PBoC dashes hopes of China cash boost

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Central bank has dashed hopes that it was about to inject liquidity into the markets amid record levels for short-term money market rates
Categories: Uncategorized

Brazil states in U-turn to defuse protests

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Thousands of people in the city of Fortaleza protest at a football match in the Confederations Cup, the warm-up tournament for the World Cup
Categories: Uncategorized
SandRidge Energy Inc. Chairman and Chief Executive Officer Tom Ward will depart the oil company he founded. AP Photo/The Oklahoman, Paul Hellstern, FIle)

SandRidge founder fired as CFO named new leader

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Ward, 53, founded the Oklahoma City-based company in 2006 after leaving Chesapeake Energy Corp.

SandRidge terminates chief’s employment

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Pressure from TPG-Axon and other investors followed period of underperformance for the shares, which have lost 92% of their value in five years
Categories: Uncategorized

Straight-shooting From CLNG President Bill Cooper On LNG Exports

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My recent posts about LNG exports seem to have struck a chord with the energy community; features across various sites have yielded positive feedback, while being name-checked and linked to by the Wall Street Journal has done nothing to hinder readership. All this traction has culminated in a most wonderful opportunity to quiz the President of the Center for LNG (CLNG), […]
Categories: Natural gas

Bernanke sees 2014 end for QE3

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Chairman says the Fed may slow its pace of asset purchases this year, assuming its expectations for an improved economic outlook hold true
Categories: Uncategorized

Microsoft to scrap Xbox One restrictions

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Ahead of the One’s launch in the fourth quarter, the core audience has been antagonised by proposed restrictions and the emphasis on entertainment
Categories: Uncategorized

“Experience” Is Not The Same Thing As Achievement

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In oil & gas I’m dismayed to see that the phrase “has more experience” is sometimes used interchangeably with the phrase “has been around longer”. There’s a clear difference, and it’s important to see both what that difference is and what its implications are.