Fuel Fix

A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy rebounds after denying bankruptcy plans

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The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.

Chesapeake Energy rebounds after denying bankruptcy plans

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A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)
The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

National gasoline average now below $1.75 a gallon

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Prices at the pump are currently at their lowest prices in seven years courtesy of bountiful supply and cheap costs of crude oil
Categories: Consumers, featured, Gasoline

Janet Clark, Executive VP and CFO, Marathon Oil. (Photo: Michael Hart)

Marathon Oil CFO Janet Clark to retire

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Janet Clark, chief financial officer of Houston oil and gas giant Marathon Oil Corp., is retiring Oct. 1 after a decade with the company, Marathon said Wednesday.
Categories: People
Utah Gov. Gary Herbert   expressed displeasure in the lease. Sportsmen’s groups have raised opposition. (AP Photo/Brennan Linsley)

Utah governor opposes drilling in Book Cliffs

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A Utah group had agreed to lease up to 155 square miles to The Woodlands-based Anadarko Petroleum Corp.
The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy)

New data shows shifting US energy landscape, as petroleum exports soar

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U.S. exports of petroleum products jumped 270 percent between 2005 and 2012.
Robert Kaluza, a BP well site leader from the Deepwater Horizon oil rig explosion, enters Federal Court before he is arraigned on manslaughter charges in New Orleans in November 2012. AP Photo/Gerald Herbert)

BP well-site leaders seek trial delay in Gulf oil spill criminal case

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Lawyers for two BP well-site leaders charged with manslaughter in the deaths of 11 rig workers who were killed in an explosion triggered by an undersea well that blew out in the Gulf of Mexico asked a federal judge Wednesday to delay their trial for nine months.
Categories: Gulf oil spill
Blackside dace are a colorful minnow found in parts of Tennessee, Kentucky, and western Virginia. (Photo courtesy U.S. Fish and Wildlife Service, via J.R. Shute, Conservation Fisheries, Inc.)

Study documents fish kill from hydraulic fracturing fluid

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Hydraulic fracturing fluids from nearby natural gas wells probably caused endangered fish in a Kentucky creek to die off, according to two federal agencies that studied the 2007 incident.
A boat is surrounded by oil near the site of the Deepwater Horizon accident in June 2010. (Smiley N. Pool / Houston Chronicle)

Judge rejects BP’s latest request to halt oil spill payments

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A federal judge Wednesday denied BP’s latest request for an injunction to halt payments from its multibillion-dollar settlement with victims of the 2010 Gulf of Mexico oil spill.
(Bob Owen/San Antonio Express-News)

Commentary: Oil tales through the rupee and rail

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More oil is being transported by trucks, barges, and trains than at any point since records began in 1981. Canadian shipments reflect a similarly meteoric rise – 16.6 million barrels of crude were shipped to the US by rail last year.
Categories: Crude oil
Shell's Perdido oil and natural gas platform  located  200 miles off the coast of Texas in the Gulf of Mexico (Melissa Phillip / Houston Chronicle )

Feds net $102.4 million in Gulf lease sale

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Dozens of companies submitted $144.6 million in bids to drill in the Gulf of Mexico during a government auction Wednesday, guided by fresh seismic research offering new hints about oil and gas that could lurk underground. BP skipped out on the sale because it is suspended from new government contracts.
Commercial vessels spray water on the fire aboard the West Delta 32 production platform. (Coast Guard photo)

Production set to resume at platform where fire killed three workers

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Black Elk Energy’s West Delta 22 production platform will resume operations early next week, nine months after a deadly explosion.
Categories: Accidents
An out-of-control natural gas well ignited a fire on a Hercules rig in the Gulf of Mexico in July. (AP Photo/U.S. Coast Guard)

Feds to collect info on ‘near misses’ offshore

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The federal government on Wednesday moved to fill a major gap in overseeing the safety of offshore oil and gas development, by pledging to develop a system for tracking near-miss incidents that could be a harbinger of bigger problems.

Drumbeat: August 28, 2013

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Fuel Fraud Costing Europe More Than $4 Billion in Lost Taxes
“This criminal activity is undermining the fabric of the legitimate petroleum industry and the state, at a time when economic challenges have never been so great,” said Tom Noonan, chairm…
Categories: Uncategorized
(Photo: Vectorportal/Flickr)

Seven people charged with filing false oil spill claims

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Federal prosecutors are charging seven people with mail fraud and false claims related to the BP oil spill.
Categories: Legal issues