Fuel Fix

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Specialists working to kill Apache well in Gulf

Drilling specialists have been pumping heavy fluids into a gas well 50 miles off the Louisiana coast in a bid to halt natural gas moving among underground formations at the site.  More »
(StockMonkeys.com/Flickr)

Refinery troubles push gas price to February record

U.S. consumers facing the highest gasoline pump prices ever for February may see further increases as global crude oil futures climb and down refineries reduce fuel supplies.  More »
(Image courtesy Alaska Wilderness League)

Activists target Obama with anti-Arctic drilling ad

Arctic drilling and a climate change crusade don’t mix, environmentalists are asserting today in half-page advertisements in USA Today aimed squarely at President Barack Obama.  More »

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Exxon builds reserves with growth in US oil

Exxon Mobil Corp. more than replaced its production of oil and gas in 2012, the energy giant said Tuesday. U.S. oil from shale was the main source of the new proved reserves.  More »
(Image: Fotolia)

Government cuts threaten oil and gas development

Oil and gas leasing programs could get slashed if Congress doesn’t stop automatic, across-the-board spending cuts set to begin March 1, a top congressional Democrat warned Tuesday.  More »
Fire boat response crews spray water on the blazing remnants of the Deepwater Horizon offshore oil rig. (AP Photo/US Coast Guard, File)

Judge approves $1B civil settlement for Transocean

A federal judge in New Orleans has approved a $1 billion civil settlement between the U.S. government and Swiss drilling contractor Transocean over liability related to the 2010 Gulf of Mexico oil spill disaster.  More »
Al Walker will become chairman of the board of Anadarko Petroleum Corp. in mid-May. (Anadarko photo)

Anadarko names CEO chairman of the board

Al Walker, president and CEO of Anadarko Petroleum Corp., has added a new title: chairman of the board.  More »
Lord Mark Malloch-Brown, an advisor for FTI Consulting, says the countries that do best in the current investment climate will be those that provide support for investors. (Eric Kayne photo)

In Africa, “there will be winners and losers”

With 48 of the continent’s 54 countries pursuing exploration for oil and gas, longtime advisor on Africa, Lord Mark Malloch-Brown, says investors need to be savvy.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Texas fracker accused of bully tactics against foes

When a Texas landowner took his fear that a gas driller had poisoned his well to federal regulators, the company, Range Resources Corp., turned around and sued him for conspiring “to harm Range.”  More »
Cosco's first LNG carrier being fitted out in Shanghai. The "Dapeng Sun" has a capacity of 147,000 cubic meters. (HerryLawford/Flickr)

Pricing concerns hamper China’s shale gas goals

China, consuming energy at the fastest pace among major economies, has set ambitious targets to exploit its reservoirs of shale gas. It won’t meet them.  More »
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Slow tanker traffic signals continued OPEC oil cuts

OPEC may be extending the longest stretch of output cuts since the 2009 global recession as fewer oil tankers are booked to ship Middle East crude to Asia, according to Morgan Stanley.  More »
A drilling rig in Pennsylvania. (AP Photo/Alex Brandon)

$1 million grant for Pa. gas drilling health study

A Pennsylvania health company says it has gotten a $1 million grant to study possible health impacts of natural gas drilling on the Marcellus shale.  More »
Oil workers on an Eagle Ford Shale rig near Tilden, Texas. (John Davenport, San Antonio Express-News)

Students to get natural gas technician training

A southern Kentucky city that runs its own natural gas pipeline has been approved to offer a pilot program in vocational training in the natural gas technology.  More »
The Trans-Alaska pipeline (Photo: BP)

Smaller companies testify on Parnell’s tax plan

Independent oil companies offered a mixed assessment Monday of Gov. Sean Parnell’s proposed oil tax overhaul, saying it is a good start but needs additional work.  More »
(Flickr/SalFalko)

BP’s potential oil spill liability cut by $3.4 billion

In an agreement with the U.S. government, BP’s maximum penalty was reduced from $21 billion to $17.6 billion in a civil case related to the 2010 Gulf of Mexico oil spill disaster. The trial is scheduled to begin next week.  More »