Fuel Fix

A rig drills in the Marcellus shale, in joint venture project between Chesapeake and Statoil. (Helge Hansen / Statoil)

Statoil, Exxon make third ‘high-impact’ gas find off Tanzania

Statoil ASA (STL), Norway’s largest energy producer, reported a third “high-impact” natural-gas find off Tanzania and increased its resource estimate for the block to as much as 17 trillion cubic feet.  More »
A woman walks outside the TNK-BP headquarters in Moscow, Russia, Thursday, Oct. 18, 2012. (AP Photo/Mikhail Metzel)

Russia adopts Texas drilling to revive Soviet oil fields

Fracking isn’t just for shale. In Russia, producers are importing techniques from the U.S. to squeeze billions of dollars of extra oil from Soviet-era fields.  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’s bid to enter trade talks opens route for U.S. LNG

Japan’s bid to join negotiations for the Trans-Pacific Partnership trade agreement may make it easier for the nation to import U.S. liquefied natural gas, a prospect that is raising the hackles of environmental groups.  More »
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Sean Lennon and Yoko Ono help deliver boxes of comments to the New York State Department of Environmental Conservation on its proposed natural gas drilling regulations recently in Albany, N.Y. (AP Photo/Mike Groll)

Celeb fracking group not registered

Dozens of celebrities may be running afoul of the law as they unite under the banner of one group that is seeking to prevent a method of gas drilling in New York state.  More »
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BNK Petroleum sells Okla. property to Exxon unit

California-based oil and gas producer BNK Petroleum Inc. on Sunday said it reached a deal to sell property in Oklahoma to a unit of Exxon Mobil Corp. for $147.5 million.  More »
A crew works on a Marcellus Shale drilling rig to produce natural gas. (AP Photo/Keith Srakocic)

Pa. pushes drillers to fracture with coal mine water

Each day, 300 million gallons of polluted mine water enters Pennsylvania streams and rivers, turning many of them into dead zones unable to support aquatic life. At the same time, drilling companies use up to 5 million gallons of fresh water for every natural-gas well they frac.  More »
Workboats operate near the Transocean Development Driller II at the site of the Deepwater Horizon incident in the Gulf of Mexico. (AP file photo/Dave Martin)

BP withheld data from rig crew in Gulf disaster, expert says

The crew on the rig that exploded in the Gulf of Mexico in 2010 was “trying to get it right,” a Transocean drilling expert testified Monday. But, he added, BP withheld critical information from them.  More »
A hydraulic fracturing operation takes place in the Permian Basin in October 2012.  (Gaylon Wampler)

Rosetta buys Permian land from Comstock for $768M

Rosetta Resources Inc. agreed to buy 53,306 net acres in West Texas from Comstock Resources Inc., which will use the proceeds to reduce debt and double drilling rigs in the Eagle Ford Shale.  More »
Mickal Vogt of Covington, La., uses a stick to place tar balls in a jar that washed up on the shore in Orange Beach, Ala., Saturday, June 12, 2010. Large amounts of the oil battered the Alabama coast, leaving deposits of the slick mess some 4-6 inches thick on the beach in some parts. (AP Photo/Dave Martin)

BP seeks injunction over Gulf oil spill settlement dispute

BP wants an injunction to prevent the administrator handling claims under a class-action settlement reached with victims of the 2010 Gulf of Mexico oil spill from paying inflated or fictitious claims that could cost the British oil giant billions of dollars.  More »
Pres. Obama speaks in Argonne, Ill., urging congress to authorize $200 million a year for research into clean energy technologies that can wean automobiles off oil. (AP Photo/M. Spencer Green)

Obama:Fund biofuel research with oil drilling revenue

Envisioning cars that can go “coast to coast without using a drop of oil,” Pres. Obama on Friday urged Congress to authorize spending $2 billion over the next decade to expand research into electric cars and biofuels.  More »
(Photo: Brian Turner/Flickr)

Hercules wins ruling in ‘say on pay’ lawsuit

A judge said the suit was based on “flawed premises.”  More »
(StockMonkeys.com/Flickr)

FERC lacks power on futures contracts, court rules

Congress intended to centralize oversight of futures contracts in the CFTC, the court said.  More »