Fuel Fix

(AP Photo/Mark Lennihan)

Hess Corp.’s 2Q profit falls on lower oil prices

Hess Corp. said Wednesday that second-quarter profit fell 9.6 percent on lower oil prices, but the company still topped expectations as it boosted production in North Dakota’s Bakken shale fields.  More »
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Fight over drilling ban postponed – for now

The anticipated showdown between House Republicans and Interior Department officials over the Obama administration’s decision to temporarily halt deep-water drilling after the 2010 Gulf oil spill won’t materialize today.  More »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

Dangers in drilling might be in the dust

The government is alerting workers on natural gas drilling sites about the health dangers from silica, a chemical compound found in sand.  More »

ConocoPhillips 2Q profit falls 32 pct

Despite growing production in South Texas, the nation’s largest independent oil and natural gas production company suffered from commodity price declines, said new CEO Ryan Lance.  More »
The Texas City Refinery is shown in March 2005. The facility now belongs to Marathon Petroleum. (AP file photo/Tony Gutierrez)

Steffy: Oil industry, BP still haven’t learned from fatal mistakes

For all the talk of what the industry could do to reduce future disasters, the company managers, safety experts and government officials gathered at the hearing were there because of what the industry has done poorly.  More »
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Exxon may lead drop in global oil profits on lower prices

The world’s largest oil companies are poised to report a drop in second-quarter earnings after crude prices declined for the first time in three years.  More »
The Constitution spar in the Gulf of Mexico (Anadarko)

Anadarko calls trade most since 2010 in bet on 38% gain

Bullish Anadarko Petroleum Corp. (APC) options trading reached the highest level in almost two years, reflecting speculation that a rally which lifted the stock 21 percent since June is only half over.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

U.S. says New York state can’t sue over fracking regulations

The U.S. said a New York State lawsuit seeking fuller review of the effects of hydraulic fracturing on the state’s water supply should be dismissed because the multistate commission responsible for the watershed isn’t a U.S. agency.  More »
Growing concern about water use during hydraulic fracturing prompted the Railroad Commission to adopt new rules for water recycling.  Photo: Daniel Acker/Bloomberg

U.S. drought won’t hurt shale gas drilling much

The U.S. drought is unlikely to have a long-lasting impact on the extraction of natural gas from shale rock, especially as technology improves, the International Energy Agency’s chief economist said.  More »
The Bushehr nuclear power plant, outside the southern city of Bushehr.. (AP Photo/Vahid Salemi, file)

Iranian nuclear plants hit by virus playing AC/DC

Iran’s nuclear facilities have suffered a cyber attack that shut down computers and played music from the rock band AC/DC, the F-Secure Security Labs website said.  More »
Hybrid taxi; could buses be next? (AP file photo/Mary Altaffer)

Grand Rapids cab service turns to propane power

The gas that helps cook burgers and brats during your backyard barbecue is now powering your ride home after a night on the town.  More »
(Image: Fotolia)

UT study on hydraulic fracturing to be reviewed by outside experts

Media reports of the professor’s post at an oil and gas company on Tuesday prompted the provost at UT Austin to say the study will be examined by an independent group of experts, who are expected to report back in a few weeks.  More »