Fuel Fix

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Exxon Mobil project’s value could surpass $1 billion

The number of cranes rising from the site of the future Exxon Mobil campus is in the double digits. On any given day, about 1,000 workers are there constructing what is by far the largest real estate development built here in some time.  More »
Ecuadorans rinse off with water from a system to collect rainwater installed by veterans of the 18-year legal fight with oil firms to clean up the tribes' contaminated water. The ClearWater Project has put in 52 of the systems so far. Photo: Kayana Szymczak

Ecuador clean water charity started amid oil fight

Residents of Ecuador’s rain forest have spent 18 years fighting American oil companies that they say poisoned their water and land.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Waterless fracking firm to hire 100

A Canadian company that uses a new, waterless process in fracking operations plans to build an operations center in Floresville that will serve clients drilling in the Eagle Ford Shale, a company official said Friday.  More »
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Workers assemble solar panels on the factory floor of Chinese company Suntech in the eastern city of Wuxi. (PETER PARKS / AFP)

$257 billion invested in renewable energy in 2011

Global investment in renewable energy reached a record of $257 billion last year, with solar attracting more than half the total spending, according to a U.N. report released Monday.  More »
Retired teacher Cindy Shriner of Lafayette, Ind., drives an energy-efficient Subaru but doesn't follow recommendations for setting the thermostat. Photo: AJ Mast / FR123854 AP

Many neglect energy restraint

When it comes to saving energy, people in the United States know that driving a fuel-efficient car accomplishes more than turning off the lights at home. But that doesn’t mean they’ll do it.  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 )

‘Tainted’ Chesapeake hears rising calls to dump McClendon

Chesapeake Energy Corp. (CHK)’s efforts to defuse a shareholder revolt over Chief Executive Officer Aubrey McClendon’s personal finances and management missteps have intensified calls for his dismissal.  More »
(AP file photo)

Cove Energy announces another natural gas find off Mozambique

Cove Energy Plc (COV), the U.K. explorer that agreed to be bought by Thailand’s PTT Explorationa and Production Pcl, said drilling found more gas at the Rovuma Area 1 exploration block off the coast of Mozambique.  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)

Fracking in Ohio sparks real estate rebound

The clamor of bulldozers on a patch of former farmland in rural Carroll County, Ohio makes Glenn Enslen, the county’s economic development director, feel “like an eight-year-old kid on Christmas morning,” he said.  More »
(Photo: Mobility, Flickr)

IEA calls for more funds to support carbon capture technology

Governments must increase funds to support carbon capture and storage technology and ramp up efforts to improve energy efficiency or risk missing climate change targets, the International Energy Agency warned.  More »
Statoil's Polar Pioneer drills in the Skrugard field in the Barents Sea. (Photo: Harald Pettersen/Statoil)

Statoil, Shell’s Norway oil operations threatened by strike

Well-service workers at Baker Hughes Inc. (BHI) started a strike over pay and pensions at 12 offshore oil installations in Norway, threatening output and other operations by companies including Statoil ASA (STL) and Royal Dutch Shell Plc.  More »
Actor Kevin Costner, left, arrives at a screening of "The Company Men" during American Film Institute's AFI Fest 2010 in Los Angeles on Wednesday, Nov. 10, 2010; and at right, actor Stephen Baldwin attends the U.S. premiere of "Mission: Impossible - Ghost Protocol" at the Ziegfeld Theatre on Monday, Dec. 19, 2011, in New York. A New Orleans courtroom will be the setting for a real-life drama that casts Hollywood stars Costner and Baldwin in adversarial roles. A trial is scheduled to open Monday, June 4, 2012, for a lawsuit that Baldwin filed against Costner over their investments in a device that BP used in trying to clean up the massive Gulf of Mexico oil spill. The federal suit claims Costner and a business partner duped Baldwin and a friend out of their shares of an $18 million deal for BP to purchase oil-separating centrifuges after the April 2010 spill. (AP Photo/Matt Sayles, Evan Agostini)

Kevin Costner downplays Baldwin’s role in BP deal

Kevin Costner testified Friday he never saw actor Stephen Baldwin contribute anything to their company’s efforts to sell oil cleanup devices to BP in the aftermath of the 2010 spill in the Gulf of Mexico.  More »
A boom is used to protect marshland in Terrebonne Parish on the Louisiana coast after the Gulf oil spill in 2010. Photo: Smiley N. Pool / Houston Chronicle

Ala. researchers get $12.3M from BP settlement

Two Alabama researchers are getting $12.3 million in grant money from the BP oil spill court settlement and will use the money to improve health outreach programs on the Gulf Coast.  More »