Fuel Fix

House Natural Resources Committee chairman Rep. Doc Hastings, R-Wash, leads a committee hearing. (AP Photo/Kevin Wolf)

Republicans: Obama taking too much credit for Gulf lease sale

The government is set to rake in more than $1 billion in high bids during today’s auction of oil and gas leases in the Gulf of Mexico, but not everyone is celebrating the haul. Rep. Doc Hastings, R-Wash., and other GOP lawmakers said the Obama administration is unfairly patting itself on the back for conducting the auction after canceling plenty of other sales.  More »
Chevron oil drilling platform 230 miles off Rio de Janeiro in November 2011. (Marcia Foletto/AFP/Getty Images)

Chevron takes a stake in offshore Suriname

Chevron Corp. will split a stake in about 2.8 million acres of drilling leases off the coast of Suriname held by Kosmos Energy, the companies said Wednesday.  More »
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ERCOT gets into the smartphone app game

Everyone seems to have an iPhone app, and the Electric Reliability Council of Texas can now add itself to that list.  More »
Gas station employee changes the price in California. (Paul Sakuma/Associated Press)

Climate law could raise gas prices, lobbyists say

California regulations designed to fight global warming could force half of the state’s refineries to close, trigger fuel shortages and add $2.70 per gallon to the cost of gasoline, according to a study released Tuesday by an oil industry lobbying group.  More »
Sand flows at a Chesapeake Energy well near Carrizo Springs in the Eagle Ford Shale. (Photo: John Davenport/San Antonio Express-News)

Sand storage plant set for S.A.

The nation’s second-largest producer of sand is teaming with BNSF Railway Co. to build a sand storage plant in San Antonio that will serve clients in the Eagle Ford Shale, the companies’ officials said.  More »
Shareholders have criticized Chesapeake’s board for failing to rein in what they’ve seen as Chief Executive Officer Aubrey McClendon’s risk-taking and overspending at the company. (F. Carter Smith/Bloomberg )

Chesapeake hired lawyer with stealth record in CEO probes

The lawyer Chesapeake Energy Corp.’s (CHK) audit committee hired to investigate possible conflicts of interest in its chief executive’s loans has a record of managing probes with minimum publicity about himself or his client.  More »
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OPEC pledge means record tanker cargoes reversing rout

OPEC’s pledge to maintain production quotas will sustain a record supply of oil cargoes in the Persian Gulf, giving ship owners the confidence to demand more money after charter rates plunged 76 percent in 11 weeks.  More »
A worker walks through pipes connecting storage tanks and pumps in the hydraulic fracturing process. (AP Photo/Keith Srakocic, File)

Republicans press White House to explain natural gas task force

Congressional Republicans are pressing the Obama administration to say whether a new interagency task force focused on natural gas drilling will push new federal regulations on top of existing state mandates.  More »
Pennsylvania Gov. Tom Corbett . (AP Photo/John Heller)

Pa. refinery tax credit to get lawmakers’ scrutiny

Gov. Tom Corbett’s proposed tax break of up to $1.7 billion to lure an integrated petrochemical industry to Pennsylvania will get scrutiny in the coming days by state lawmakers eager to ensure that taxpayers get a return on their money and question whether that amount of money is really necessary.  More »
(AP file photo/Alastair Grant)

Pipe failure caused Feb. fire at Wash. BP refinery

BP says the Feb. 17 fire that shut down its Cherry Point oil refinery in Washington state near Ferndale was caused by a pipe failure in the crude processing unit.  More »
Honda Fit EV. (Photo: Honda)

Honda to recycle rare earths to be green

Honda Motor Co. said Wednesday it will start recycling rare earths and other key materials in hybrid auto batteries this year — a key innovation in the Japanese automaker’s effort to be green.  More »
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TNT’s ‘Dallas’ offers modern spin on energy debate

Dallas captivated audiences about a backstabbing family driven and fuel by the booming Texas oil business, but a modern take on the classic soap opera takes a more contemporary view on energy.  More »