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

A Petrohawk Energy Co. drilling site at the Eagle Ford Shale in McMullen County. (Jake Lacey)

Sundance energy will look to acquire more U.S. shale assets

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Sundance Energy Australia Ltd. (SEA), an explorer that entered the Eagle Ford shale formation of Texas this year with the purchase of Texon Petroleum Ltd., said it will look to make further U.S. oil and gas acquisitions.
Categories: Crude oil, Natural gas, Shale
JOHN DAVENPORT/SAN ANTONIO EXPRESS-NEWS

Austin Energy could sign 2 large-scale wind deals

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Austin Energy hopes to finalize two wind contracts in another step toward a goal of getting 35 percent of its electricity from renewable sources by 2020.
Categories: Wind

Drumbeat: June 17, 2013

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Clashes erupt at Indonesia demos against fuel hike
JAKARTA — Police fired tear gas and rubber bullets at stone-throwing protesters in Indonesia on Monday, as thousands demonstrated nationwide against the government’s plan to increase fuel prices.

Se…

Categories: Uncategorized

G8 opens amid dispute on Syria arms

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Russia’s Vladimir Putin says his country was supplying arms to the ‘legitimate government’ in Damascus in line with international law
Categories: Uncategorized

Talk of AT&T bid lifts Telefónica shares

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Shares rise after the Spanish telecoms group was forced to deny reports Madrid has knocked back takeover approach from the US group
Categories: Uncategorized

Bolton to step down at Fidelity China fund

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Anthony Bolton will step down from the trust on April 1 2014, to be replaced by Dale Nicholls, who manages Fidelity’s Pacific fund
Categories: Uncategorized

Apple reveals US government data requests

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Apple reveals it received thousands of requests for customer data in the six months to May 2013, in a bid to alleviate concerns about customer privacy
Categories: Uncategorized

Chen accuses NYU of bowing to Beijing

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Chen Guangcheng, the Chinese activist who escaped to US in 2012, claims New York University’s move to ask him to leave is result of Beijing pressure
Categories: Uncategorized

PC makers turn to low-cost tablets

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Computer makers are entering a market with limited profitability in an effort to stay relevant, analysts say
Categories: Uncategorized

Trade deal set to benefit US more than EU

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Americans’ income will rise 13.4% while Europeans get 5% increase says Ifo, warning agreement would cut flows in Europe and hit developing countries
Categories: Uncategorized

BoE says foreign banks made crisis worse

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Research by the central bank showed lending from foreign-owned branches boomed in the run-up to the start of the crisis before collapsing
Categories: Uncategorized

JPMorgan set to launch asset tracking service

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JPMorgan’s move comes as rival banks and operators of market infrastructure are turning towards collateral management
Categories: Uncategorized