Fuel Fix

Bill Easter, former chairman, president and CEO of Denver-based DCP Midstream, has been appointed as a director on Baker Hughes' board.

Baker Hughes appoints two new directors

Baker Hughes said Tuesday its board appointed two new directors, one who led a natural gas midstream company and another whose career has included C-suite appointments in the fast-food, airline and retail industries.  More »
A drilling rig in the Utica Shale. (Chesapeake)

Chesapeake slashing debt with spin off

Chesapeake Energy will wipe $1.1 billion in debt off its books when it spins off its rig business this month, but it probably won’t have any more silver bullets as it works to restore its balance sheet, analysts said Tuesday.  More »
Tanker cars full of U.S.-produced oil are helping supply East Coast refineries. (AP Photo/Nati Harnik, File)

Trains full of crude boost US share in refiners’ mix

East Coast refiners are using less imported oil, as trains deliver crude from the prolific Bakken Shale in North Dakota.  More »
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The Puma AE (All Environment) is a drone capable of landing in water or on land. BP and drone-maker AeroVironment will use the Puma AE to survey BP pipelines, roads and equipment nearly Alaska's Prudhoe Bay after winning the first-ever FAA approval for such use. (Courtesy AeroVironment, Inc.)

BP launches first FAA-approved commercial drones over Alaska land

BP has launched a landmark drone program in Alaska after winning the first federal approval to fly unmanned aerial vehicles over land for commercial purposes.  More »
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. (Photo: Andrew Harrer/Bloomberg)

Buffett to expand energy wager ‘as far as the eye can see’

Berkshire Hathaway Inc., which has struck deals to expand its utility business in Nevada and Western Canada, plans more investment in the industry, in part by betting on renewable power, Chairman Warren Buffett said.  More »
A visitor looks out towards a flare stack on the Oseberg A offshore gas platform operated by Statoil ASA in the North Sea 140kms from Bergen, Norway, on Friday, Jan. 17, 2014. (Kristian Helgesen/Bloomberg)

Norway’s oil lobby told age of no state interference is over

Producers in western Europe’s biggest oil and gas exporter must brace themselves for a new legislative age that will disrupt the status quo, according to Norway’s Green Party.  More »
(Phillips 66)

North American refiners beating European profits by $6 per barrel

North American refiners banked an extra $6 per barrel of oil processed compared to their European counterparts in the first quarter of 2014, continuing a three-year streak of significantly higher profits, according to a U.S. Energy Information Administration analysis of 26 companies.  More »
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

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.  More »
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

The country that invented the modern car and X-ray technology is adding fracking to the list of innovations it’s wary of.  More »
AUSTRIA-OPEC-COMMODITIES-ENERGY-OIL

OPEC ministers signal output to remain on hold

Nany of the 12 OPEC members are at their production capacity limits.  More »
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

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.  More »
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

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.  More »