Petroleo Brasileiro SA (PETR4)’s Pasadena, Texas, refinery’s fluid catalytic cracker is back in service after it was shut down over the weekend following a power failure.  More »

Without fanfare, the nation’s nuclear power regulators have overhauled community emergency planning for the first time in more than three decades, requiring fewer exercises for major accidents and recommending that fewer people be evacuated right away.  More »

Oil prices dropped to fresh six-month lows near $92 a barrel Wednesday in Asia after a report showed U.S. crude supplies surged more than expected last week.  More »

Supporters of changes to Alaska’s oil production tax structure have called for a meeting to discuss how best to advance the debate after another legislative defeat.  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 »

Houston is among the cities with the highest utility bills, according to a company that tracks costs.  More »

Moody’s is maintaining its negative outlook on Chesapeake Energy, despite an announcement late Friday of a $3 billion unsecured loan that the company will use to pay down its $4 billion revolving credit facility. Standard & Poor’s also is lowering Chesapeake Energy’s credit rating even further and company shares are down more than 5 percent.  More »

Cheaper gas won’t be enough to get many more Americans on the road this summer. They’re still too worried about their jobs and the economy.  More »

The White House on Tuesday pushed back against the oil and gas industry’s claims that the Obama administration is blocking domestic energy development, releasing a new analysis showing that 46 million acres of federal lands and waters leased for drilling are sitting idle.  More »

Anadarko’s Golfinho exploration well hit more than 193 net feet of natural gas pay offshore Mozambique, the company announced Tuesday.  More »

The oil and gas industry’s largest trade group on Tuesday implored the Democratic and Republican parties to embrace policies for boosting domestic energy development and streamlining environmental regulations. Not surprisingly, API is urging “pro-development policies” that it says can “create new jobs throughout all parts of the country,” not just in the oil patch.  More »

Crude oil prices might not seem picture perfect for consumers, but they’re just right for those in the energy industry.  More »