Fuel Fix


ConocoPhillips interested in more Australia shale investment

ConocoPhillips (COP), the third-largest U.S. oil company, said it’s interested in further shale investments in Australia following a partnership last year with Perth-based New Standard Energy Ltd.  More »
(AP Photo/US Coast Guard, File)

Fla. county to examine possible theft of BP funds

Investigators are scheduled to update Okaloosa County commissioners on their widening investigation into the possible theft of tourism funds provided by BP in the aftermath of the 2010 Gulf oil spill.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND becomes nation’s second-leading oil producer

North Dakota has passed Alaska to become the second-leading oil-producing state in the nation, trailing only Texas.  More »
Gas prices are displayed at a Hess station in Hoboken, N.J. The price of oil has declined to its low for the year on continued doubts about Europe's ability to pay off massive government debts. Benchmark U.S. crude lost $1.57 to $94.56 per barrel in New York. It dipped to $93.65 per barrel earlier Monday, May 14, the lowest since mid-December. (AP Photo/CX Matiash)

Oil hovers below $95 amid Europe worries

Oil prices hovered below $95 a barrel Tuesday in Asia near a five-month low amid concern about Europe’s debt crisis.  More »
(AP Photo/Keith Srakocic)

Obama administration speaks with energy industry about gas drilling regulations

A top White House adviser on Monday said the Obama administration made a concerted effort to reach out to the oil and gas industry while crafting regulations governing natural gas drilling but insists the effort isn’t an election-year ploy.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron has some claims dismissed by judge in Ecuador litigation

Chevron Corp. (CVX)’s lawsuit claiming attorneys for Ecuadorean plaintiffs in a pollution case conspired to fabricate evidence was narrowed by a federal judge in New York.  More »
A massive fire from a PG&E pipeline explosion roars through a mostly residential neighborhood in San Bruno, Calif. in Sept. 2010. (AP Photo/Paul Sakuma, File)

Families slowly moving back after gas pipe blast

Officials are welcoming families back to a Northern California neighborhood destroyed by a 2010 gas pipeline explosion.  More »
(Photo: Getty Images)

Mid-Atlantic wind transmission line clears hurdle

A huge power transmission line for wind farms planned off the East Coast has cleared a regulatory hurdle, although construction is still years away.  More »
Carl Icahn (AP file photo/Mark Lennihan)

Carl Icahn: Chesapeake’s white knight?

Embattled Chesapeake Energy told analysts on a conference call this morning that it expects activist investor Carl Icahn to disclose a big stake in the Oklahoma City-based natural gas producer.  More »
Sand flows at a Chesapeake Energy well near Carrizo Springs in the Eagle Ford Shale. (Photo: John Davenport/San Antonio Express-News)

Analysts ask hard questions about Chesapeake liquidity

Analysts sounded skeptical at a Monday morning analyst call, weighing Chesapeake Energy’s explanation of how it will resolve looming liquidity issues against their own judgment.  More »
(Photo: Julien Tromeur, Flickr)

Oil down to near $94 on China, Europe concerns

Oil prices fell below $95 a barrel Monday in Asia amid investor concern that China’s economy, the world’s second-largest, is slowing faster than previously expected.  More »
An oil worker walks pass the manifold (right) and frac pumps (left) at a Chesapeake Energy hydraulic fracturing operation near Carrizo Springs, Texas on Thursday May 5, 2011. (Photo: John Davenport/San Antonio Express-News)

Chesapeake Energy says $3 billion loan resolves any liquidity questions

Chesapeake Energy told investors this morning that planned asset sales of $9.5 billion and a $3 billion unsecured loan leave it with sufficient cash flows, as it tried to dispel Friday’s concerns that it might be prevented from selling assets by other debt covenant requirements.  More »
Oklahoma City Thunder Kevin Durant, left, celebrates with head coach Scott Brooks in the final seconds of Game 4 in a first-round NBA basketball playoff series against the Dallas Mavericks, Saturday, May 5, 2012, in Dallas. The Thunder won 103-97. (AP Photo/LM Otero)

Another concern for Chesapeake investors: what if the Thunder rolls again?

Given all the disclosures bombarding Chesapeake Energy investors in recent weeks, basketball may be the farthest thing from their minds, but the company’s liabilities extend, literally, in the arena of professional sports.  More »
(Photo: Flickr, Caston_Corporate)

Concho Resources buys $1 billion energy assets from Three Rivers

Concho Resources Inc., a U.S. oil and natural gas developer, agreed to buy all of closely held Three Rivers Operating Co.’s oil and gas assets for $1 billion in cash to expand its operations in Texas.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Gas drillers wrangle over NY limitations, bans

With all the restrictions in proposed state regulations and local bans, gas companies say about half of their lease holdings in the lucrative Marcellus Shale region in New York state will be off-limits or inaccessible to drilling if the state gives the green light to developers this year.  More »