Fuel Fix

Cosco's first LNG carrier being fitted out in Shanghai. The "Dapeng Sun" has a capacity of 147,000 cubic meters. (HerryLawford/Flickr)

U.S. approves cancellation of Calhoun LNG Texas import terminal

The U.S. Federal Energy Regulatory Commission approved Calhoun LNG’s decision not to proceed with an import terminal in Texas.  More »
The Eirik Raude semi-submersible rig operates on the Jubilee Field offshore Ghana. (Photo: Tullow Oil)

Tullow drills for Ethiopia’s first oil in Kenyan extension

Tullow Oil Plc (TLW), the U.K. explorer that found Kenya’s first crude a year ago, is about to find out whether the resources extend into neighboring Ethiopia, a nation dependent on agriculture that’s yet to discover any petroleum.  More »
(AP file photo/Grand Forks Herald, Eric Hylden)

U.S. quadruples pipeline tax break cost to $7 billion

A tax break used by oil and gas pipeline companies such as Kinder Morgan Energy Partners LP (KMP) will cost the U.S. government $7 billion through 2016, about four times more than previously estimated, Congress’s tax scorekeepers said this month.  More »

Anadarko Petroleum Corp. drills a series of wells on a pad on a Weld County farm near Mead, Colo. in the northeastern part of the state. (AP Photo/Ed Andrieski, File)

Illinois ‘fracking’ proposal sees rare cooperation

Illinois would have the strictest regulations for high-volume oil and gas drilling in the nation under a proposal introduced Thursday and drafted with help from industry and environmentalists — an unusual collaboration when it comes to a practice intensely scrutinized over claims it can cause pollution and health problems.  More »
Shell's Kulluk drilling rig, shown under tow in January 2013 after running aground in Alaska, must go to Asia for repairs.

Coast Guard lifts detention order for Arctic drilling rig

Shell’s once-grounded Arctic drilling rig is now free to begin its long trek to an Asian shipyard for repairs, with the Coast Guard’s decision Thursday to lift a detention order that has been keeping the vessel in Alaska’s Kiliuda Bay.  More »
An oil pump works in the Persian Gulf desert oil fields of Sakhir, Bahrain. (AP Photo/Hasan Jamali, File)

Oil snaps 2 days of losses, has modest gain

Crude for April delivery rose 29 cents to $93.13.  More »
A oil transit pipeline runs across the tundra on Alaska's North Slope. (AP Photo/Al Grillo, File)

Salazar signs management plan for Alaska reserve

A management plan for the vast National Petroleum Reserve-Alaska splits an Indiana-size area roughly in half between conservation areas and land available for petroleum development, and allows pipelines carrying oil or gas to be constructed through the reserve.  More »
Marathon Oil's corporate headquarters in Houston.  (AP file photo/Pat Sullivan)

Marathon Oil’s big Eagle Ford plans

The Eagle Ford will make up an increasing share of the company’s domestic production, from about 18 percent last year to about 40 percent in 2013.  More »
Rail is growing as a competitor to pipelines in transporting the nation's growing crude supply. (Nick De La Torre / Houston Chronicle)

Railroad shipments of crude oil triple in 2012

The amount of crude oil U.S. freight railroads hauled last year more than tripled as shale oil production surged in North Dakota and other locations.  More »
A Druse man looks toward the nearby Syrian village of Jebata al-Khashab from an Israeli army post near the village of Bukata in the Golan Heights.  (AP Photo/Tsafrir Abayov)

Israel gives OK for oil drilling in Golan Heights

The drilling permit raises concerns it could draw international condemnation.  More »
(Photo: bpicazxx/Flickr)

Kinder Morgan Energy Partners planning Houston rail project

Partners plan a crude oil rail terminal linking distant U.S. oil fields with the Greens Port Industrial Park on the Houston Ship Channel.  More »
House Natural Resources Committee chairman Rep. Doc Hastings, R-Wash, leads a committee hearing in Washington. (AP Photo/Kevin Wolf)

House committee accuses Interior watchdog of lax oversight

A top House Republican on Thursday urged President Barack Obama to replace the temporary government watchdog tasked with probing actions by the Interior Department, after accusing her of being soft on the same administration officials she was courting for the permanent job.  More »
The Texas Panhandle sky silhouettes a Linn Energy drilling rig in Wheeler County. (Linn Energy)

Linn Energy buying Berry Petroleum in $2.5 billion deal

Houston’s Linn Energy has inked a deal to buy Denever-based Berry Petroleum for about $2.5 billion. In the all-stock deal, Linn will expand its presence in the Permian Basin, East Texas, California and the Rockies as well as pick up a new core area in the Uinta Basin. Berry’s reserves are about 75 percent oil.  More »
A cloud of natural gas spews from an out-of-control gas well owned by Chesapeake Energy Corp. on Wednesday, April 25, 2012, about 10 miles northeast of Douglas, Wyo. Residents living without 2 1/2 miles of the well have been given the choice to evacuate. The well blew out Tuesday afternoon and no injuries have been reported. (AP Photo/Casper Star-Tribune, Dan Cepeda)

Natural gas hinders Chesapeake’s gains

Beleaguered Chesapeake Energy Corp. posted $940 million loss in 2012, as low natural gas prices dragged down its results throughout the year, the company reported Thursday. Its year-end results showed improvement, however, as the company posted a $257 million profit for the final quarter of 2012, a rebound from the previous three months when low natural gas prices led to a $2 billion loss.  More »
Cosco's first LNG carrier being fitted out in Shanghai. The "Dapeng Sun" has a capacity of 147,000 cubic meters. (HerryLawford/Flickr)

Japan Prime Minister to ask Obama for shale exports

Japanese Prime Minister Shinzo Abe will ask U.S. President Barack Obama to allow shale gas exports as the world’s third-largest economy grapples with soaring energy costs after 2011’s nuclear disaster closed reactors.  More »