Fuel Fix

Carl Icahn (AP file photo/Mark Lennihan)

Carl Icahn wins CVR Energy after $2.6 billion offer

Billionaire Carl Icahn won the right to buy oil refiner CVR Energy Inc. (CVI) after a majority of shareholders agreed to sell their stakes to him in an offer that values the company at $2.6 billion.  More »
(Photo: AEI Services)

Record gas use by U.S. utilities fails to drive up price

U.S. utilities led by Southern Co. (SO) are burning a record amount of natural gas for generating electricity without triggering a forecasted boost to the fuel’s price from near 10-year lows.  More »
This is an undated handout photo issued by Total E&P UK Ltd of Total's Elgin PUQ (Process/Utilities/Quarters)  platform. A two-mile exclusion zone has been set up around the offshore platform in the North Sea which has been evacuated after a gas leak, Tuesday, March 27, 2012. The leak on Total's Elgin PUQ platform, about 150 miles (241km) off the coast of Aberdeen, led to the evacuation of all 238 workers on Sunday. (AP Photo  / TOTAL E&P UK Ltd)

Total ‘on track’ to begin Elgin well operation within days

Total SA (FP), Europe’s third-largest oil producer, said it’s “on track” to begin a well intervention operation to plug a North Sea gas leak in the coming days.  More »
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President Barack Obama arrives at the TransCanada Stillwater Pipe Yard in Cushing, OK, to discuss his energy policy, on March, 22, 2012. (Photo: Pablo Martinez Monsivais/AP Photo)

New Keystone bid gives GOP political ’ammunition’

TransCanada Corp. (TRP) has reapplied to build the Keystone XL oil pipeline, inserting a project that is strongly opposed by environmental groups into the November U.S. presidential election.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

Interest in SD oil and gas leases continues

Similarities in underlying rock formations continue to fuel speculation that South Dakota might have petroleum reserves like those now fueling the oil boom in North Dakota.  More »
The sun shines over a Range Resources well site in Washington, Pa. (AP Photo/Keith Srakocic, File)

Pa. gas drilling brought $3.5 billion in 2011

Marcellus shale gas wells in Pennsylvania generated about $3.5 billion in gross revenues for drillers in 2011, along with about $1.2 billion in West Virginia, according to an analysis by The Associated Press.  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

US eyes more cuts in Indian imports of Iranian oil

Hoping to wean India from Iranian oil imports, U.S. Secretary of State Hillary Rodham Clinton is urging Indian leaders to explore alternative suppliers as she opens a three-day visit to the energy-starved South Asian giant that will also focus on regional security and easing trade restrictions.  More »
Spectra's Egan Hub facility near Lake Charles, LA.

Warm weather woes ruffle Spectra’s first-quarter earnings

Record low natural gas prices and the warmest winter in the last 100 years translated into lower quarterly profits for Spectra Energy.  More »
Ian Williams_edit

Energy accountants form international group to follow clients overseas

A group of accountants from the top markets for energy exploration launched a consortium at OTC this week to help mid-cap oil field service companies expand globally.  More »
western-australia-kangaroo-beach

Want to move to Australia?

If you are interested in a new adventure and looking for a new job, Australia might be the place for you.  More »
An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Shell shuts down major pipeline Nigeria over theft

Royal Dutch Shell PLC says it has shut down a major pipeline running through Nigeria’s oil-rich southern delta because it had been repeatedly targeted by thieves.  More »
A Chesapeake Energy drilling rig (Photo: Chesapeake Energy)

SEC begins inquiry into Chesapeake Energy

The Securities and Exchange Commission is reviewing a compensation program at Chesapeake Energy Corp. that created potential conflicts of interest for its CEO.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

State geologist: SD oil potential vast, unexplored

South Dakota has significant potential for oil development, but that potential has largely been unexplored, the state geologist said at the Black Hills Bakken Conference.  More »
A drilling rig in Pavillion, Wyo., used to drill a deep water well for testing. (Photo: EPA).

Wyo. got EPA to delay frack finding

Wyoming’s governor persuaded the head of the U.S. Environmental Protection Agency to postpone an announcement linking hydraulic fracturing to groundwater contamination, giving state officials — whom the EPA had privately briefed on the study — time to attempt to debunk the finding before it rocked the oil and gas industry more than a month later, an investigation by The Associated Press has found.  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)

Feds set new rules for hydraulic fracturing

The Obama administration unveiled a proposed rule that would force companies to reveal the chemicals they use when drilling for oil and natural gas on public lands. But the long-anticipated regulation includes a major concession to oil and gas companies, by allowing those disclosures to happen after a well is drilled and the chemicals are pumped underground — not a month beforehand, as federal regulators had originally considered.  More »