Chesapeake Energy Corp. doubled down Tuesday on a plan that has drawn criticism from shareholders over its aggressive approach to expand during a major cashflow crunch. The nation’s second-largest natural gas producer after Exxon Mobil Corp , in an investor presentation posted on its website Tuesday, said it has “withstood an unprecedented negative media campaign” over the last five weeks, which has prompted 1.2 billion shares of company’s stock to trade hands, nearly double the amount of its shares outstanding.  More »

Chesapeake Energy’s board of directors is drawing more fire, this time from two major shareholder advisory services. International Shareholder Services and Egan-Jones Proxy Services are calling for changes to the board, which they say has failed to curb the aggressive debt strategies of Chesapeake chief executive officer Aubrey McClendon.  More »

Since 2007, federal regulators have overseen the growth of the biodiesel industry, which converts discarded animal fats, used cooking oil and other materials into fuel that can power cars, bulldozers and heavy-duty trucks.  More »

Chesapeake Energy Corp’s board of directors will take a 20 percent pay cut and will no longer use the company’s private jet, according to a company announcement Friday. The board voted to cut its own pay and limit its access to the jet after consulting with an “independent compensation adviser,” according to the company statement. [...]  More »

The New York City Comptroller on Thursday joined a list of investors who have expressed serious concern about embattled Chesapeake Energy Corp. CEO Aubrey McClendon and his leadership style during a week when the company’s market value has fallen more than $1 billion. The comptroller, John Liu, sent a letter to shareholders on behalf of [...]  More »

Anadarko Petroleum’s new CEO says the company might be interested in purchasing Permian Basin assets of Chesapeake Energy, which is selling the acreage to pay down debt.  More »

A former BP Plc (BP/) engineer charged with destroying evidence sought for a U.S probe of the 2010 Gulf of Mexico oil spill said a “third party” is withholding information that could clear him, according to court filings.  More »

Attorneys for a former BP engineer accused of deleting text messages about the size of the 2010 Gulf of Mexico oil spill said Monday in a court filing that a third party holds evidence proving his innocence.  More »

The iconic rumbling garbage truck may have met its match: natural gas.  More »

Houston-based EOG Resources’s net income soared in the first three months of the year and more then doubled over the past year because of the surging production of oil from the Eagle Ford shale, executives said in a conference call with analysts today.  More »

A first-of-its kind deep-water drillship, capable of operating quickly by closely matching environmental conditions, is set to start digging into the Gulf of Mexico, Chevron said today.  More »

As the exhibition at the Offshore Technology Conference came to a close, a massive subsea device with cameras and robotic arms was still commanding an audience on Thursday afternoon.  More »