Fuel Fix

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 »
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)

Merkel leaves door open to fracking as shale gains appeal

Chancellor Angela Merkel left the door open to tapping shale gas in Germany, saying her government will consult with companies and the public to build consensus on exploiting the potential energy source.  More »

Oil workers on an Eagle Ford Shale rig near Tilden, Texas. (John Davenport, San Antonio Express-News)

Industry, environmentalists mull ‘fracking’ rules

Leases have been signed on tens of thousands of acres in southern Illinois. Studies have hinted at the potential economic payoff of drilling for oil and gas deposits deep underground. But so far, oil and gas companies have held off on high-volume hydraulic fracturing in Illinois because the state lacks ground rules for the industry.  More »
The sun sets on a drilling rig in Frio County, Texas.  (Jerry Lara/San Antonio Express-News)

Energy to help Texas economy outpace nation’s

The flourishing energy sector along with across-the-board private sector hiring will keep Texas’ economic growth moving faster than the nation’s, an economist with the Federal Reserve Bank of Dallas predicted Wednesday.  More »
(Photo: Vectorportal/Flickr)

Texas man faces more charges for bombing attempt

A North Texas man described by authorities as an anarchist is facing additional charges for attempting to bomb a pipeline.  More »
(Photo: striatic/Flickr)

Harvest Natural drops on end to Venezuelan sale

Houston-based Harvest Natural Resources Inc. dropped the most in more than 23 years after announcing the termination of its planned $725 million sale of Venezuelan assets to Indonesia’s state-owned PT Pertamina.  More »
(Photo: First Solar)

Nexolon breaks ground on San Antonio solar plant

With ceremonial hard hats on and shovels in hand, city officials and executives from CPS Energy and Nexolon broke ground Wednesday on the company’s solar panel manufacturing plant at Brooks City-Base.  More »
The pipe bridge is lifted onto a drilling rig under construction at the Lonestar Energy Fabrication yard in Baytown. Two new reports highlight continuing strength in the oil and gas sector in Texas. (Lonestar Energy Fabrication)

Shell’s Olympus platform readies for Gulf of Mexico journey

The 10 million-pound drilling rig for Shell’s Olympus oil platform will begin a four-day voyage along the Texas coast on Thursday to be joined with its massive hull. See photos of the record-setting platform’s construction and journey across the ocean.  More »
KBR Tower in downtown Houston (AP file photo/Pat Sullivan)

KBR profits drop 67 percent

KBR reported a 67 percent plunge in fourth-quarter earnings, capping what Chief Executive Officer Bill Utt called “a disappointing year” for the Houston-based company.  More »

ConocoPhillips, PetroChina announce joint deal

ConocoPhllips and PetroChina have established a joint study agreement to develop unconventional resources in China’s Sichuan Basin.  More »
Sen. Mary Landrieu, D-La (AP Photo/Alex Brandon)

Senate Democrat touts support for Keystone XL

It’s not unusual for oil patch Democrats to break with their party on energy issues, which frequently divide lawmakers along regional — not political — lines.  More »
Bubbles come to the surface where pipelines come across Bayou Corne near Pierre Part, La., in August 2012.  (AP Photo/The Baton Rouge Advocate, Bill Feig)

Assumption Parish residents seek sinkhole buyouts

Scientists say the sinkhole formed after the failure of an underground salt cavern operated by Houston-based Texas Brine Co.  More »

Devon Energy reports $357 Q4 loss

Devon reported a loss of $357 million, or 89 cents a share, down from a profit of $507 million, or $1.25 a share, for the same time period last year.  More »
(AP Photo/Steve Helber)

Republicans use gasoline-price angst to fuel attacks

Republicans are tapping into anger over rising gasoline prices by launching a fresh attack on congressional Democrats for failing to offer a “serious solution” to the problem.  More »