Oil prices rise on continued concern about Iran
Brent crude, a benchmark for foreign oil imported by U.S. refineries to make gasoline, added $1.24 to end the day at $122.90 per barrel in London. More »
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Obama corporate-tax plan would boost clean energy
The corporate tax plan President Obama outlined on Wednesday would roll back oil-and-gas industry tax breaks while promoting more development of renewable energy such as wind and solar. More »
How new fracking disclosure laws stack up
President Obama vowed in his State of the Union speech to make oil companies provide more disclosure of the fluids used in hydraulic fracturing, and last week, the Houston Chronicle obtained a draft proposal of the new federal rules. As Fuelfix reported at the time: More »
Okla. panel wants to limit refunds for drillers
After pledging to Oklahoma’s oil and gas industry that it would make good on tax breaks temporarily set aside during a fiscal crisis, some legislators believe the state should repay developers only about 50 cents on the dollar. More »
Nonprofit to study Pa. gas drilling, public health
A nonprofit group has opened an office in western Pennsylvania to help the public with health concerns over Marcellus Shale gas drilling operations. More »
Chesapeake earnings more than double
Chesapeake posted earnings of $429 million or 63 cents per share, compared with $180 million, or 28 cents per share, a year ago. The company had hedging gains of $315 million in the fourth quarter., More »
Cabot, Williams announce new Marcellus pipeline
A natural gas driller and a pipeline company are proposing to build a new pipeline to carry natural gas from Pennsylvania’s Marcellus Shale to the New York and New England markets. More »
How new fracking dislosure laws stack up
New federal laws require oil companies to disclose the contents of fracking fluids, but exemptions may allow them to exclude the concentration of hazardous chemicals. More »
Oil profits slide fastest since Lehman collapse on gas
Profits for the biggest U.S. energy producers including Exxon Mobil Corp. (XOM) are poised to decline the most since the financial meltdown of 2008-09 as the drilling technique known as fracking collapses natural gas prices. More »
U.S., Mexico, reach accord on drilling below maritime border
The U.S. and Mexican governments agreed Monday to cooperate on oil and gas development in waters along the nations’ maritime border in the Gulf of Mexico. More »
George Mitchell: The duty to fracture responsibly
Natural gas is a wondrous fuel. It emits less carbon dioxide, less mercury, less nitrogen oxide, less sulfur oxide than any other hydrocarbon energy source. More »
Marcellus Shale gas drillers recycling more waste
Pennsylvania’s Marcellus Shale gas drilling companies are recycling more and more of their briny, chemical-laden wastewater, in most cases complying with a request from state officials to keep the pollutants from being discharged into rivers that supply drinking water. More »
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