Fuel Fix

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

Chesapeake valuation seen luring major oil merger deal

Chesapeake Energy Corp. (CHK)’s depressed valuation is making the company a potential target for acquirers willing to bet that natural-gas prices will rebound from a decade low.  More »
Oil workers at the West Qurna Phase 2 field in the Basra region of Iraq in 2010.  (AP file photo/Nabil al-Jourani)

Only 1 successful bid in Iraq oil, gas auction

A Kuwaiti-led energy consortium on Wednesday won the right to search for oil and gas in southern Iraq as part of the country’s fourth postwar energy auction. Two natural gas exploration deals meanwhile attracted no bidders.  More »
(Photo: Flickr, Caston_Corporate)

Cove Energy rises to record after Mozambique approves PTT bid

Cove Energy Plc (COV), the U.K. explorer with a share in gas fields off Mozambique, reached a record in London after the African country approved a bid by Thailand’s PTT Exploration and Production Pcl.  More »
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(AP Photo/Hussein Malla)

BP resumes exploration in Libya after war that ousted Qaddafi

BP Plc (BP/), Europe’s second-biggest oil company, said it will begin exploring in Libya again after the civil war last year that ousted Muammar Qaddafi from power.  More »
Nordic activists from environment group Greenpeace demonstrate in the port of Helsinki, Finland on Friday March 16, 2012. Greenpeace activists have boarded two Finnish icebreakers in Helsinki to protest oil and gas exploration in the Arctic Ocean. Some 17 demonstrators boarded the icebreakers while others clambered onto cranes with banners demanding that Shell Oil Co. suspend plans to drill in the fragile northern waters.   (AP Photo/Lehtikuva/Markku Ulander)

Judge extends restriction area for Greenpeace

A federal judge has made it more difficult for representatives of Greenpeace USA to board Shell Oil’s drilling vessels.  More »
The Pantone 5 mobile devices, the world's first cell phones with built-in radiation monitors, are shown during a press conference by Softbank Corp. in Tokyo. Softbank, the carrier for the hit iPhone and iPad in Japan, says the handheld, which shows the microsieverts-per-hour number on a display at a push of a button, will go on sale in July. Pricing was not announced. (AP Photo/Kyodo News)

Cell phones monitoring radiation to sell in Japan

Worries over radiation are so rampant in Japan after last year’s nuclear meltdowns that the world’s first cell phones with built-in radiation monitors are going on sale.  More »

Activists gathering at Chevron’s annual meeting

Activists held a press conference and teach-in on Tuesday in San Franciso, and plan to protest outside the gates of Chevron headquarters during Wednesday’s meeting. Some will try to enter the meeting and address shareholders directly.  More »
Rig workers pause while mopping the decks on a Hercules rig. (Smiley N. Pool/Houston Chronicle)

SMU Report: Permitting delays & new regs stifling offshore drilling

The offshore drilling industry is still rebounding from a five-month moratorium and new regulations after the 2010 Gulf oil spill, with consumers paying the price at the pump, according to a new report out today.  More »
Beach-goers walk on the sand near the San Onofre nuclear power plant in San Clemente , Calif.  (AP Photo, Lenny Ignelzi, File)

Backup power at issue at Calif. nuke plant

The troubled San Onofre nuclear power plant in California operated for decades with equipment that might have temporarily severed the plant’s emergency power supply in the event of an earthquake, government filings revealed Tuesday.  More »
Kurt Mix leaves the federal courthouse in Houston after he was freed on bail. The former BP engineer is accused of obstruction of justice in connection with the 2010 Gulf of Mexico oil spill. Cody Duty / Houston Chronicle

Ex-BP engineer’s travel limits eased

A federal magistrate agreed Tuesday to ease travel restrictions he imposed on a former BP engineer charged with deleting text messages about the company’s response to the 2010 oil spill in the Gulf of Mexico.  More »
A gas station attendant pumps gas, in Portland, Ore.  (AP Photo/Rick Bowmer, File)

Oil drops on Spanish debt downgrade

Benchmark U.S. crude ended the day down 10 cents at $90.76 per barrel in New York.  More »
Photo of U.S. Capitol building

Texas energy leaders face tough challenges today

Several lawmakers from Texas are fighting to hold on to their jobs in Congress during today’s primaries across the Lone Star State. The list of incumbents in tough political fights includes a handful of Texans who have taken high-profile roles steering energy policy in Congress.  More »
(Image: Fotolia)

Firm pays $1M for spills in Iowa, Neb., Kan.

The Texas-based pipeline company paying a fine of more than $1 million says it is glad to resolve concerns about three spills in Iowa, Kansas and Nebraska.  More »
The sun shines over a Range Resources well site in Washington, Pa. (AP Photo/Keith Srakocic, File)

IEA: Global best practices needed in shale gas boom

Failing to adopt best practices in shale gas production could fuel public opposition and “halt the unconventional gas revolution in its tracks,” the head of the International Energy Agency said today.  More »
Carl Icahn (AP file photo/Mark Lennihan)

Icahn’s Chesapeake stake puts governance before value

In 2009, investor Jeffrey Bronchick told directors of Chesapeake Energy Corp. (CHK) that he was disgusted with their leadership.  More »