Fuel Fix

Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)

Anadarko Petroleum cuts dividend 81 percent

on
The cut will save the company $450 million annually.

Anadarko Petroleum cuts dividend 81 percent

on
Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)
The cut will save the company $450 million annually.
(Andrew Burton/Getty Images)

IEA: Oil glut could still grow in second half of 2016

on
The 13-member OPEC raised its daily output by 280,000 barrels in January as Saudi Arabia, Iran and Iraq bolstered production.
In this photo released by Vietnam Coast Guard, a Chinese ship, left, shoots water cannon at a Vietnamese vessel, right, while a Chinese Coast Guard ship, center, sails alongside in the South China Sea, off Vietnam's coast, in May. (AP Photo/Vietnam Coast Guard)

Vietnam urges China to withdraw oil drilling rig

on
The escalation in tensions is the most serious in years between Vietnam and its massive northern neighbor, which claims nearly all of the South China Sea.
Categories: Asia
BMW Chief Executive Officer Norbert Reithofer uses the term “German Angst” to explain the paradox of the country’s innovation ability on one hand and its reluctance to embrace technological change on the other. (Krisztian Bocsi/Bloomberg)

Germany CEOs lament lost innovation amid fracking angst

on
The country that invented the modern car and X-ray technology is adding fracking to the list of innovations it’s wary of.
(ALEXANDER KLEIN/AFP/Getty Images

OPEC ministers signal output to remain on hold

on
Nany of the 12 OPEC members are at their production capacity limits.
Categories: Crude oil, Middle East

Does a Future Gas Glut Shape Russian Decision Making in Russia-Ukraine Conflict?

on
Russia may appear to some observers to have all the cards in its continued negotiations with Ukraine over their high stakes natural gas pricing dispute, in which European gas supply remains a hostage. But long term trends in global natural gas might not be on Moscow’s side. Russia’s willingness to talk about compromise with Ukraine […]
Categories: General
(Daniel Acker/Bloomberg)

Buffett ready to double $15B solar, wind bet

on
Warren Buffett briefly lost track of how many billions of dollars his Berkshire Hathaway Inc. is spending to build wind and solar power in the U.S. That didn’t stop him from vowing to double the outlay.
Categories: Electricity
Wind turbines stand behind houses of the village of Feldheim near Berlin, Germany.  (AP Photo/Michael Sohn)

IEA cuts gas use growth forecast as coal, renewables gain

on
Global natural gas demand will increase at a slower rate than previously expected through 2019 amid weaker economic growth and competition from coal and renewables, according to the International Energy Agency.
Categories: Coal, Solar, Wind
Engineers and visitors examine an exploratory well near Dharoor town, 350 km (217 miles) from the port of Bosasso on the Gulf of Aden in Puntland January 17, 2012. Canadian oil and gas exploration company Africa Oil Corp. began drilling an exploratory well in Somalia's semi-autonomous Puntland region, the first to be sunk in the country since civil war erupted two decades ago. (REUTERS/Abdiqani Hassan)

UN: Oil search in Northern Somalia risks stoking tension

on
Two semi-autonomous areas of northern Somalia have largely avoided the violence that’s plagued the rest of the country for decades. Now oil exploration may change that, according to the United Nations.
Categories: Africa, Crude oil
Halcon

Deal may spur drilling in Mississippi, Louisiana

on
Halcón Resources has leased 314,000 acres in the Tuscaloosa Marine Shale.
Categories: Deals, Finance/Earnings
A pumpjack operates at the Inglewood Oil field in Los Angeles. (Patrick T. Fallon/Bloomberg)

US energy security reaches highest level in a quarter century

on
The United States produced enough energy to satisfy 84 percent of its needs in 2013, a rapid climb from its historic low in 2005, according to a report from the U.S. Energy Information Administration.
Categories: Production
In this Feb. 5, 2014 file photo, Amy Adams, North Carolina campaign coordinator with Appalachian Voices, shows her hand covered with wet coal ash from the Dan River swirling in the background as state and federal environmental officials continued their investigations of a spill of coal ash into the river in Danville, Va. (AP Photo/Gerry Broome, File)

Two states sign deal with Duke for river cleanup

on
The agreement requires Duke to pay any “reasonable” cost associated with the Feb. 2 spill , which coated 70 miles of the river in gray sludge.
Categories: Accidents, Coal, Environment
(Flickr/SalFalko)

Supreme Court denies BP on spill payment freeze

on
The Supreme Court on Monday rejected BP’s emergency petition to halt oil spill payments while it considers whether or not to take up a broader dispute over allegedly fabricated economic-loss claims.
Jorma Ollila speaks in 2005 during the Nokia Mobility Conference in Barcelona.  (LLUIS GENE/AFP/Getty Images)

Shell launching search for new chairman

on
Royal Dutch Shell Plc, Europe’s largest oil company, has started a search for a new chairman because Jorma Ollila is approaching nine years on the board, the maximum recommended for non-executives in the U.K., a person familiar with the process said.
Categories: People