Fuel Fix

(AP Photo/Keith Srakocic)

Obama administration speaks with energy industry about gas drilling regulations

A top White House adviser on Monday said the Obama administration made a concerted effort to reach out to the oil and gas industry while crafting regulations governing natural gas drilling but insists the effort isn’t an election-year ploy.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron has some claims dismissed by judge in Ecuador litigation

Chevron Corp. (CVX)’s lawsuit claiming attorneys for Ecuadorean plaintiffs in a pollution case conspired to fabricate evidence was narrowed by a federal judge in New York.  More »
A massive fire from a PG&E pipeline explosion roars through a mostly residential neighborhood in San Bruno, Calif. in Sept. 2010. (AP Photo/Paul Sakuma, File)

Families slowly moving back after gas pipe blast

Officials are welcoming families back to a Northern California neighborhood destroyed by a 2010 gas pipeline explosion.  More »
Find a Better Job with
Job Seekers
Powered by Monster ®
(Photo: Getty Images)

Mid-Atlantic wind transmission line clears hurdle

A huge power transmission line for wind farms planned off the East Coast has cleared a regulatory hurdle, although construction is still years away.  More »
Carl Icahn (AP file photo/Mark Lennihan)

Carl Icahn: Chesapeake’s white knight?

Embattled Chesapeake Energy told analysts on a conference call this morning that it expects activist investor Carl Icahn to disclose a big stake in the Oklahoma City-based natural gas producer.  More »
Sand flows at a Chesapeake Energy well near Carrizo Springs in the Eagle Ford Shale. (Photo: John Davenport/San Antonio Express-News)

Analysts ask hard questions about Chesapeake liquidity

Analysts sounded skeptical at a Monday morning analyst call, weighing Chesapeake Energy’s explanation of how it will resolve looming liquidity issues against their own judgment.  More »
(Photo: Julien Tromeur, Flickr)

Oil down to near $94 on China, Europe concerns

Oil prices fell below $95 a barrel Monday in Asia amid investor concern that China’s economy, the world’s second-largest, is slowing faster than previously expected.  More »
An oil worker walks pass the manifold (right) and frac pumps (left) at a Chesapeake Energy hydraulic fracturing operation near Carrizo Springs, Texas on Thursday May 5, 2011. (Photo: John Davenport/San Antonio Express-News)

Chesapeake Energy says $3 billion loan resolves any liquidity questions

Chesapeake Energy told investors this morning that planned asset sales of $9.5 billion and a $3 billion unsecured loan leave it with sufficient cash flows, as it tried to dispel Friday’s concerns that it might be prevented from selling assets by other debt covenant requirements.  More »
Oklahoma City Thunder Kevin Durant, left, celebrates with head coach Scott Brooks in the final seconds of Game 4 in a first-round NBA basketball playoff series against the Dallas Mavericks, Saturday, May 5, 2012, in Dallas. The Thunder won 103-97. (AP Photo/LM Otero)

Another concern for Chesapeake investors: what if the Thunder rolls again?

Given all the disclosures bombarding Chesapeake Energy investors in recent weeks, basketball may be the farthest thing from their minds, but the company’s liabilities extend, literally, in the arena of professional sports.  More »
(Photo: Flickr, Caston_Corporate)

Concho Resources buys $1 billion energy assets from Three Rivers

Concho Resources Inc., a U.S. oil and natural gas developer, agreed to buy all of closely held Three Rivers Operating Co.’s oil and gas assets for $1 billion in cash to expand its operations in Texas.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)

Gas drillers wrangle over NY limitations, bans

With all the restrictions in proposed state regulations and local bans, gas companies say about half of their lease holdings in the lucrative Marcellus Shale region in New York state will be off-limits or inaccessible to drilling if the state gives the green light to developers this year.  More »
Gas prices are posted at the Sunoco gas station in Philadelphia. . (AP Photo/Alex Brandon)

See what gasoline myths aren’t true and ways to save on gas

See what gasoline myths aren’t true and tips to save money on gasoline.  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)

Steffy: Chesapeake’s house of financial horrors

Chesapeake Energy’s best hope for survival, at least for the near future, may be the same muddled financial structure that has led to the company’s unraveling.  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 $3 billion lifeline heaps pressure on McClendon

Chesapeake Energy Corp. (CHK)’s $3 billion lifeline from New York banks increases the pressure on Chief Executive Officer Aubrey McClendon to sell Texas oilfields and find deep-pocketed drilling partners.  More »
Some Ohioans are asking for a ban on fracking for Natural Gas until the Environmental Protection Agency completes its study. (Photo: Ty Wright/Bloomberg)

Drilling prospects bring land rush to Illinois

It’s not a festival or the 19th century architecture that’s drawing the late-model cars from Texas, Oklahoma, Louisiana and Pennsylvania to the downtown square in this tiny, southern Illinois community.  More »