Fuel Fix

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.

Chesapeake Energy rebounds after denying bankruptcy plans

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A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)
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.
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

National gasoline average now below $1.75 a gallon

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Prices at the pump are currently at their lowest prices in seven years courtesy of bountiful supply and cheap costs of crude oil
Categories: Consumers, featured, Gasoline

FENTON, MO - DECEMBER 30:  A Circle K gas station is completely submerged on Route 141 on December 30, 2015 in Fenton, Missouri. The St. Louis area and surrounding region are experiencing record flood crests of the Mississippi, Missouri and Meremac Rivers after days of record rainfall. (Photo by Michael B. Thomas/Getty Images)

Midwest flooding might make the oil glut worse

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The flooding is the worst since May 2011, when rising water on the Mississippi and its tributaries deluged cities, slowed barge traffic and threatened refinery and chemical operations.
Categories: Crude oil, Weather
The Theo T crude oil tanker docked in Corpus Christi (NuStar)

Here’s the first known U.S. crude oil cargo destined for export

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San Antonio-based NuStar Energy is loading the oil cargo on New Year’s Eve at its dock at the Port of Christi.
A rig worker looks out across the North Sea aboard the Troll A natural gas platform, operated by Statoil ASA, in the North Sea, Norway, on Wednesday, Oct. 21, 2015. Norway is on track for record gas production this year after Statoil ASA put an end to technical issues that limited Troll's capacity. Photographer: Krister Soerboe/Bloomberg

Oil platforms evacuated in North Sea due to drifting barge

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Company spokesman Jan-Erik Geirmo said the evacuees were taken to other oil fields as a precaution, and that 85 people remained on platforms in the Valhall field Thursday morning.
Categories: Crude oil, Europe
A worker displays a lump of brown coal in this arranged photograph at the Bilina open pit lignite mine, operated by Severoceske Doly AS, a unit of CEZ AS, in Bilina, Czech Republic, on Wednesday, Nov. 25, 2015. Environmental limits for mining at Bilina lignite pit operated by CEZ will be relaxed, providing access to further estimated 100m tons of coal, CTK reported Oct. 19, citing decision taken by government. Photographer: Martin Divisek/Bloomberg

Dozens laid off at Montana mine as coal industry slumps

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“We will not sell coal for a loss and crash our company like so many others have,” a company executive said.
Categories: Coal, Workforce
A worker uses heavy equipment to attach drilling pipe sections on an oil drilling platform operated by Tatneft OAO near Almetyevsk, Russia, on Friday, July 31, 2015. Eleven months of surviving with oil below $100 have left Russia hardened enough to endure a monthlong drop to $40 a barrel, a survey of economists showed. Photographer: Andrey Rudakov/Bloomberg

Russia ends 2015 with weekly oil production setting a record

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Oil is poised for its biggest two-year loss on record in New York as an expansion in U.S. crude stockpiles and rising production from Russia and the Organization of Petroleum Exporting Countries exacerbate a global glut.
Categories: Crude oil, Europe
The sign outside the Statoil oil company headquarters in Stavanger, Norway. (AP Photo / Kent Skibstad, NTB scanpix)

Wave hits North Sea drilling rig, killing 1

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Statoil said it was assisting in the “evacuation of the rig down to the safety crew.”
Categories: Accidents, Europe
A worker fixes a spot weld, at the main assembly warehouse, at the Baker Hughes facility, Thursday, May 12, 2011 in Tomball, Texas. (Todd Spoth/For the Chronicle)

Unemployment falling in most big Texas cities, except for Houston

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In all, unemployment fell or was unchanged in 13 out of the 25 metropolitan areas tracked in the Labor Department data.
Categories: Crude oil, Texas
The SKS Trent oil tanker passes through the Houston Ship Channel near Morgan's Point, Texas as Ed Phillip fishes on October 14, 2004.  Crude oil rose to a record $54.76 a barrel in New York after an Energy Department report showed that
U.S. supplies of heating oil plunged last week.
Photographer: Craig Hartley/Bloomberg News

ConocoPhillips, NuStar say they’re first to export U.S. oil

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The two companies said they plan to finish loading the Eagle Ford crude cargo on Thursday at the Port of Corpus Christi.
(SAMAD/AFP/Getty Images)

Another drop in energy stocks leads market lower

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Volatility in energy markets continued, with the benchmark U.S. crude contract losing some of its overnight gain.
Categories: Crude oil, Markets
(Daniel Acker/Bloomberg)

Enterprise Products completes Texas-to-Louisiana pipeline project

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The 270-mile Aegis pipeline, which runs to Napoleonville in Louisiana, begins at Enterprise’s natural gas liquids hub near Houston.
Ben van Beurden, chief executive officer of Royal Dutch Shell Plc, pauses as the company announce their fourth-quarter results in London, U.K., on Thursday, Jan. 29, 2015. Van Beurden pledged to do all he can to maintain payments to shareholders of Europe's largest oil company after crude prices fell by more than half in the past six months. Photographer: Chris Ratcliffe/Bloomberg  *** Local Caption *** Ben van Beurden

Shell producing Irish natural gas after decade of project delays

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The Anglo-Dutch oil major on Wednesday said it aims to pump enough gas from the Corrib gas field to quench as much as 60 percent of Ireland’s demand for gas.
Categories: Europe, Natural gas
Surging U.S. production in Texas' Eagle Ford Shale and elsewhere has flooded the global oil markets and cut prices in half, despite a small rise Friday.  ( Gary Coronado / Houston Chronicle )

Oil falls Wednesday as inventories rise

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Worries about the extra crude oil sent prices down $1.20 per barrel or 3.2 percent in early trading, leaving the benchmark U.S. price at $36.67 per barrel.
Categories: Crude oil