Fuel Fix

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Obama challenges oil companies to drill existing leases

The White House on Tuesday pushed back against the oil and gas industry’s claims that the Obama administration is blocking domestic energy development, releasing a new analysis showing that 46 million acres of federal lands and waters leased for drilling are sitting idle.  More »
(Photo: Anadarko)

Anadarko expands massive Mozambique discovery

Anadarko’s Golfinho exploration well hit more than 193 net feet of natural gas pay offshore Mozambique, the company announced Tuesday.  More »
API President Jack Gerard speaks in Washington, D.C. (AP Photo/Jacquelyn Martin)

API pitches agenda for political parties: More drilling, more access

The oil and gas industry’s largest trade group on Tuesday implored the Democratic and Republican parties to embrace policies for boosting domestic energy development and streamlining environmental regulations. Not surprisingly, API is urging “pro-development policies” that it says can “create new jobs throughout all parts of the country,” not just in the oil patch.  More »
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Crude oil prices hit Texas sweet spot

Crude oil prices might not seem picture perfect for consumers, but they’re just right for those in the energy industry.  More »

Increase in “flaring” tied to pipeline shortages

With oil production on the rise in Texas, drilling companies are increasingly burning off the natural gas that surfaces with the oil because they can’t get pipelines in place fast enough to transport it.  More »
(John Davenport/San Antonio Express-News)

Deadliest danger for oil workers is on the road

Talk to almost anybody in the oil business and they’ll tell you it’s inherently dangerous.  More »
Prices for three grades of gasoline are posted in front of a service station Wednesday, Feb. 22, 2012, in Bellevue, Wash., near Seattle. (AP Photo/Elaine Thompson)

US consumer prices flat as gas costs fall

U.S. consumer prices were flat last month as cheaper gas offset modest increases for food, clothing and housing. The data indicate that inflation remains in check.  More »
Al Walker will become chairman of the board of Anadarko Petroleum Corp. in mid-May. (Anadarko photo)

Anadarko’s new CEO pledges to stay the course

Former investment banker Al Walker on Tuesday takes the helm of Anadarko, one of the world’s largest independent oil and gas producers, succeeding a chief executive credited with building one of the industry’s most attractive exploration portfolios.  More »
Workers join sections of pipe on a Trinidad Drilling rig leased by Chesapeake Energy north of Douglas, Wyo. Photo: Alan Rogers / Copyright 2012 CASPER STAR-TRIBUNE

Skepticism surrounds Chesapeake finances

A $3 billion loan late Friday and assurances from Chesapeake Energy Corp. executives Monday morning did little to assuage concerns by analysts and investors about the embattled natural gas company’s finances.  More »
Former BP engineer Kurt Mix leaves the federal courthouse after a hearing in April.  (AP Photo/Pat Sullivan, File)

Ex-BP Engineer Mix Says Evidence May Clear Him in Spill Case

A former BP Plc (BP/) engineer charged with destroying evidence sought for a U.S probe of the 2010 Gulf of Mexico oil spill said a “third party” is withholding information that could clear him, according to court filings.  More »
A natural gas well in the  Greater Natural Buttes (Photo: Anadarko)

Anadarko was part of $25 billion scheme, U.S. says

Anadarko Petroleum Corp. (APC)’s Kerr-McGee Corp. faces testimony from more than 50 witnesses in a trial starting today over an alleged scheme that enriched the company by $25 billion while polluting sites from New York to New Mexico.  More »
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ConocoPhillips interested in more Australia shale investment

ConocoPhillips (COP), the third-largest U.S. oil company, said it’s interested in further shale investments in Australia following a partnership last year with Perth-based New Standard Energy Ltd.  More »
(AP Photo/US Coast Guard, File)

Fla. county to examine possible theft of BP funds

Investigators are scheduled to update Okaloosa County commissioners on their widening investigation into the possible theft of tourism funds provided by BP in the aftermath of the 2010 Gulf oil spill.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND becomes nation’s second-leading oil producer

North Dakota has passed Alaska to become the second-leading oil-producing state in the nation, trailing only Texas.  More »
Gas prices are displayed at a Hess station in Hoboken, N.J. The price of oil has declined to its low for the year on continued doubts about Europe's ability to pay off massive government debts. Benchmark U.S. crude lost $1.57 to $94.56 per barrel in New York. It dipped to $93.65 per barrel earlier Monday, May 14, the lowest since mid-December. (AP Photo/CX Matiash)

Oil hovers below $95 amid Europe worries

Oil prices hovered below $95 a barrel Tuesday in Asia near a five-month low amid concern about Europe’s debt crisis.  More »