Fuel Fix

A BP Alaska executive stands in front of a 3D computer rendering of the Liberty oil field on Alaska's North Slope (AP Photo/ Al Grillo)

BP won’t pursue Alaska project in current form

BP PLC has decided not to pursue a huge oil project off Alaska’s coast in its current form.  More »

BP terminates deal with contractor after Azeri fraud allegations

BP Plc (BP/) said it will cancel a contract with a company following allegations of fraud related to a project in Azerbaijan.  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)

Chespeake Energy seeks to void order to buy energy rights

Chesapeake Energy Corp. (CHK), facing suits by hundreds of mineral rights holders over canceled oil and gas lease offers, will ask appeals judges in New Orleans to reverse a $19.7 million judgment to a Texas lease owner.  More »
A pontoon excavator plumbs Morrow Lake near Galesburg, Mich., for submerged oil from the Kalamazoo River spill while three sheen sweepers collect stirred-up oil. Crews are continuing cleanup work from last year's more than 800,000 gallon oil spill that contaminated southern Michigan's Kalamazoo River. (AP Photo/The Enquirer, John Grap)

Regulators reveal likely cause of Mich. oil spill

Federal investigators Tuesday were preparing to determine the likely cause of a pipeline rupture that spilled more than 800,000 gallons of crude oil into a southwestern Michigan river nearly two years ago.  More »
BP Valhall Platform offshore norway

Norway forces end to oil strike as shutdown averted

The intervention came after an oil association, which counts Exxon Mobil Corp. and BP among its members, threatened to shut down all output from midnight.  More »

ExxonMobil begins production at Kizomba Field in Angola

Exxon Mobil announced today it has started production at an offshore field off the coast of Angola, fueled by the local Angolan labor force that helped supply and keep the project on schedule.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Chesapeake starts a petition for energy independence

Chesapeake Energy is urging Americans to sign a petition for energy independence, hoping wider use of natural gas and increased oil drilling could end energy dependence in the States.  More »
Oil is seen on the creek water's surface near an illegal oil refinery in Ogoniland, outside Port Harcourt, in Nigeria's Delta region. A region of Nigeria's oil-rich southern delta suffers widespread ecological damage as spilled oil seeps into its drinking water, destroys plants and remains in the ground for decades at a time, according to a UN report. (AP Photo / Sunday Alamba)

Eni blames ‘sabotage’ for oil spill in Nigeria

Italian oil major Eni SpA has blamed sabotage for a spill from one of its pipelines in Nigeria’s oil-rich southern delta.  More »
Tracy Olson/Flickr

Report: Oil & gas drilling on federal lands pays dividends

Energy development on federal lands and waters supported about 1.5 million jobs and $275 billion in economic activity last year, according to a new Interior Department report.  More »
The Federal Energy Regulatory Commission has accused J.P. Morgan Ventures Energy Corp. of misleading regulators and said its authority to sell electricity may be suspended. Photo: David Paul Morris/Bloomberg

JPMorgan probe shows FERC priority on policing energy markets

The U.S. Federal Energy Regulatory Commission’s probe of JPMorgan Chase & Co. (JPM) demonstrates a renewed focus on market manipulation as the agency beefs up its oversight of the multibillion dollar energy-trading business.  More »
Members of the Iran Navy participate in a 2011 drill in the Sea of Oman. (AP Photo/International Iran Photo Agency, Ali Mohammadi)

Iran lawmakers want to tax ships in Hormuz

Several Iranian lawmakers plan to propose a bill to impose tariffs on ships sailing through the Strait of Hormuz, Shargh reported, citing Alireza Khosravi, a member of the nation’s parliament.  More »
The Exxon Baton Rouge, top, attempts to off load crude oil from the Exxon Valdez on March 26, 1989. (AP file photo)

Author says Exxon learned from their mistakes at Valdez

Exxon Mobil used the 1989 Valdez oil tanker spill as a catalyst for change in worker safety, but the changes also prompted a series of procedures that instructed workers on everything from how to operate equipment to how to requisition a stapler.  More »