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Kangaroo on beach in western Australia

Shale may double Australia’s gas resources, Ferguson Says

Australia is likely to possess vast areas of shale that may double the country’s gas resources, according to a report released today by Resources and Energy Minister Martin Ferguson.  More »
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Tesla to begin repaying U.S. loans by end of this year

Tesla Motors Inc. (TSLA), the electric-car company led by Elon Musk, is using the last of its $465 million in U.S. loans and plans to start repaying them by the end of the year, the first startup to fulfill requirements of the criticized program.  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)

Total says gas leak stopped at Nigeria field

French oil company Total SA said Sunday it stopped a natural gas leak at one of its plants in Nigeria’s crude-rich southern delta after 54 days, an emergency that forced the firm to shut down the field and evacuate the area.  More »
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A cloud of natural gas spews from an out-of-control gas well owned by Chesapeake Energy Corp. on Wednesday, April 25, 2012, about 10 miles northeast of Douglas, Wyo. Residents living without 2 1/2 miles of the well have been given the choice to evacuate. The well blew out Tuesday afternoon and no injuries have been reported. (AP Photo/Casper Star-Tribune, Dan Cepeda)

Regulator: No fines in Wyoming gas well blowout

Wyoming’s top oil and gas regulator says the companies involved in a natural gas well blowout in eastern Wyoming last month won’t face any fines.  More »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

Chesapeake’s shares take a dive

Chesapeake Energy Corp.’s shares fell almost 14 percent Friday afternoon as the embattled natural gas producer said it may have to delay some asset sales as it fights to raise cash amid weak natural gas prices.  More »

Survey: Energy execs cautious about acquisitions

Just 31 percent of surveyed oil and gas executives expect to pursue acquisitions over the next 12 months, down from 48 percent in October, according to an Ernst & Young report.  More »
Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, Tuesday, Nov. 8, 2005. (AP Photo)

Chesapeake’s McClendon receives $108 million for sale of wells

Chesapeake CEO Aubrey McClendon received $108 million for his share in wells sold between the beginning of 2011 and the end of April 2012, the company disclosed in its 2012 proxy statement issued today.  More »
Craig Sautner, a resident of Dimock, Pa., holds a jug of contaminated water outside a September EPA meeting on hydraulic fracturing in New York. (Photo: AP/Press & Sun-Bulletin)

EPA: Well water in Pa. gas drilling town is safe

Federal regulators say the latest well-water test results for the northeastern Pennsylvania village of Dimock do not show unsafe levels of contamination.  More »
Money Roll

Democrats take aim at oil industry tax breaks, partnerships

Lawmakers are reviving plans to end tax breaks for oil, gas and coal companies — but this time, the campaign comes with a new twist.  More »
Cyprus' President Dimitris Christofias, second right, listens to a worker of Noble Energy at the offshore oil and gas rig belonging to Houston-based Noble Energy Inc. about 115 miles (185 kilometers) off the island's south coast. A field off Cyprus where U.S. firm Noble Energy is conducting exploratory drilling holds an estimated 5-8 trillion cubic feet (140-230 billion cubic meters) of natural gas, a significant find for the small island, the country's president announced Wednesday, Dec. 28, 2011. (AP Photo/Press and Information Office, HO, File)

15 firms to bid for gas drilling rights off Cyprus

Cyprus’ commerce minister says that oil firms from Russia, Italy, France, Canada, Malaysia, Israel and the U.S. are among 15 companies and consortiums seeking to carry out exploratory drilling for gas deposits off the island’s southern coast.  More »
Protesters of the proposed Keystone XL oil pipeline at a rally in Washington, D.C., Nov. 6, 2011. (Puneet Kollipara / the Houston Chronicle)

Kansas agencies wrangle over $19M pipeline taxes

The Kansas Department of Revenue believes a state law allowing oil company TransCanada to avoid paying nearly $19 million in property taxes has been misinterpreted, but the company said Thursday that it is simply following tax rules approved years ago by the state and noted its large investments in Kansas.  More »
(Photo: BFS Man)

ERCOT looking for ways to keep lights for the summer, future

As the warm Texas summer months loom, the Electric Reliability Council of Texas is searching for ways to keep the lights on through this summer and in the future.  More »