Fuel Fix

Then-Interior Secretary Ken Salazar speaks at the White House in 2012. (AP file)

Alaska governor asks Salazar to expedite point Thomson decision

Alaska Governor Sean Parnell asked U.S. Interior Secretary Ken Salazar to help expedite an Army Corps of Engineers decision on permits to develop the state’s Point Thomson oil and gas field after it was delayed.  More »
A deep-water drilling rig works in the South China Sea. (AP Photo/Xinhua, Jin Liangkuai)

China politics, oil needs risk conflict in S. China Sea

In asserting its claims to the tiny islands, rocks and reefs in the South China Sea, China points to records of its ancient mariners. Today, those waters are far more important to China than in the age of the sail.  More »
(Photo: Patricia Santos, Associated Press)

Petrobras output drops on Chevron field loss

Petroleo Brasileiro SA (PETR4), the world’s worst-performing major oil company this year, is heading for its first annual output drop since 2004 as offshore discoveries fail to counter declines at aging fields.  More »
With huge petroleum storage tanks in the background, Jessica Valenti of Toms River N.J., drags a seining net through the surf of the Raritan Bay in South Amboy, N.J. Valenti is volunteering with a program by the American Littoral Society to document animal, fish and plant life along New Jersey's waterways to develop a database of what was there before any catastrophic oil or gasoline spill that might occur. The database would help with before and after comparisons, which might help calculate damages against the parties responsible for the spill. (AP Photo/Wayne Parry)

Before a spill, group documents marine life in NJ

In the distance loomed the huge metal tanks storing oil and gasoline near the water’s edge.  More »
A crew works on a Marcellus Shale drilling rig to produce natural gas. (AP Photo/Keith Srakocic)

Kan. oil boom gives boost to some, but not others

A southern Kansas oil boom that started two years ago has given landowners an infusion of cash from lease payments and boosted local governments and businesses.  More »
The U.S. Navy's guided-missile destroyer is seen damaged after it collided with a Japanese-owned oil tanker just outside the strategic Strait of Hormuz, Sunday, Aug. 12, 2012. The collision left a gaping hole in the starboard side of USS Porter but no one was injured on either vessel, the U.S. Navy said in a statement. (AP Photo/U.S. Navy, Jonathan Sunderman)

US Navy ship collides with oil tanker in Gulf

A U.S. Navy guided missile destroyer was left with a gaping hole on one side after it collided with an oil tanker early Sunday just outside the strategic Strait of Hormuz.  More »
Total headquarters outside Paris. (AP file photo/Jacques Brinon)

Iraq warns Total over oil deal in Kurdish region

A government spokesman says Iraq has asked French oil giant Total S.A. to choose between working with the self-ruled northern Kurdish region or to quit developing one of the major oil fields in southern Iraq.  More »
Republican presidential candidate Mitt Romney and his vice presidential running mate Rep. Paul Ryan, R-Wis., speak to a crowd at a rally in Virginia in August 2012. (AP Photo/Mary Altaffer)

Romney’s VP pick backed ending oil tax breaks

The budget-cutting zeal that made Republican Rep. Paul Ryan a Tea Party darling and helped land him a spot as Mitt Romney’s running mate doesn’t extend just to defense spending and Medicaid. Oil and gas tax incentives have also been in his crosshairs.  More »
Commercial fishermen from St. Bernard Parish, La., hired by BP lay oil retention booms around New Harbor Island in the Gulf of Mexico in 2010. (AP Photo/Dave Martin)

Feds give new guidelines for offshore oil spill response plans

Federal regulators on Friday gave offshore drilling operators the most specific instructions yet for how the companies should prove they are ready to respond to oil spills.  More »
ATP Oil & Gas Corp's Titan is installed at the Telemark Hub in the Gulf of Mexico (Photo: ATP)

Houston-based ATP’s stock falls 72% amid bankruptcy concerns

Houston-based ATP Oil & Gas’ stock plummeted more than 70 percent Friday after a news report that the company may file for bankruptcy.  More »
Chesapeake Energy-board.JPEG-0bdd2

Chesapeake shares fall on investigation disclosure

Shares in Chesapeake Energy Corp. fell Friday, after the company said the federal government is investigating whether it broke antitrust laws when it bought drilling leases in Michigan.  More »
A section of land inside the Arctic National Wildlife Refuge in Alaska.  (AP Photo)

Report: GOP plan to allow drilling for dollars not lucrative in short term

A Republican plan to open up ANWR, the eastern Gulf of Mexico and Atlantic waters for oil and gas drilling wouldn’t be nearly as lucrative as its backers suggest, according to a new analysis.  More »