Fuel Fix

Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Chesapeake insists it has changed

Chesapeake Energy Corp. sent a letter to its shareholders today, aiming to combat a stream of criticism from some of its largest and most vocal investors. The nation’s second-largest natural gas producer after Exxon Mobil Corp. framed its letter as a direct response to a letter sent to shareholders by New York City Comptroller John Liu. Liu asked shareholders not to vote for the two directors up for reelection to the Chesapeake board of directors because of “a history of weak board oversight and accountability.”  More »
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BP agrees to $8 million fine in connection with refinery violations

BP Plc was sued by the U.S. over alleged violations of the Clean Air Act at its Whiting, Indiana, refinery and failure to monitor and report the plant’s emission levels.  More »
Some Ohioans are asking for a ban on fracking for Natural Gas until the Environmental Protection Agency completes its study. (Photo: Ty Wright/Bloomberg)

Texas agency seeks to decrease industrial flaring

A Texas agency is launching an initiative designed to reduce industrial flaring, a major source of air pollution.  More »
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(AP Photo/Steve Helber)

Gasoline prices continue decline heading into holiday weekend

When gasoline prices were spiking earlier this year, analysts feared that motorists could be paying up to $5 per gallon during the summer driving season. But as Americans make plans to hit the road this holiday weekend, they’ll be paying far less at the pump. Federal forecasters predict gasoline prices will hover around $3.79 this summer, following a seven-week decline in costs for the fuel.  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)

Content removed from Chesapeake website

Content has been mysteriously vanishing from the website of Chesapeake Energy Corp. in recent weeks, as the company has faced increasing scrutiny and investor complaints about its strategy and executive perks.  More »

Checks from drilling may dry up as gas prices dip

Royalty checks that start to arrive when a gas company drills on your property can make for some very profitable envelopes in the mailbox. But the low natural gas prices that have disrupted industry balance sheets in recent months could start to cut into those checks.  More »
(Photo: Julien Tromeur, Flickr)

Oil drops below $90 for 1st time since Nov. 1

The price of oil has dropped below $90 for the first time in nearly seven months as U.S. supplies continue to grow.  More »
Pegasus, the winged red horse icon of Exxon-Mobil, is seen on a gas pump in Ferndale, Mich. (Photo: Carlos Osorio, Associated Press)

Technology companies, not energy giants, dominate world brands

Energy companies might power the world, but they aren’t among the world’s most popular brand names.  More »
ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Putin adviser renews dealmaker role outside Kremlin

Vladimir Putin’s energy czar Igor Sechin, who laid the groundwork for $500 billion in potential investments with Western oil companies, is set to push ahead with the plans even after changing jobs under a new government.  More »
A Kinder Morgan Energy Parterns oil terminal along the Houston Ship Channel (Photo: Kinder Morgan)

Kinder Morgan reduces size of Trans Mountain pipe expansion

Kinder Morgan Energy Partners LP reduced the size of its planned expansion of the Trans Mountain pipeline by 12 percent to 750,000 barrels a day because fewer shippers than expected have committed to the oil conduit.  More »
Deborah Delauro waits as she puts gas in her car in Philadelphia. (AP Photo/Alex Brandon)

Hotels try to entice holiday travelers with free gas

Budgeting for the Memorial Day weekend might be a bit easier this year.  More »
(Photo: Zachi Evenor/Flickr)

Israel Energy says has funds, plans gas drilling in early june

Israel Land Development Co. Energy Ltd., a natural-gas explorer, plans to drill early next month off the country’s Mediterranean coast and has funds needed to complete the testing work, its chief executive officer said.  More »