Fuel Fix

A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy rebounds after denying bankruptcy plans

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The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.

Chesapeake Energy rebounds after denying bankruptcy plans

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A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)
The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

National gasoline average now below $1.75 a gallon

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Prices at the pump are currently at their lowest prices in seven years courtesy of bountiful supply and cheap costs of crude oil
Categories: Consumers, featured, Gasoline

Sen. John McCain, R-Ariz., speaks in Washington, D.C. (AP Photo/J. Scott Applewhite, File)

McCain: Halliburton faces ‘paltry’ fine for destroying oil spill evidence

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Halliburton Energy Services is facing a “paltry” fine in connection with its planned admission to destroying evidence tied to the 2010 Gulf oil spill, Sen. John McCain, R-Ariz., said Thursday.
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Halliburton, Schlumberger, Baker Hughes are sued

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The allegations are pegged to the Justice Department’s investigation of possible anticompetitive practices over hydraulic fracturing.
Crewmen work a site for TransCanada's Keystone XL project in Wood County, Wednesday, Oct. 24, 2012, in Winnsboro. (Cody Duty / Houston Chronicle)

Keystone XL backers blast Obama’s job claims

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Supporters of the Keystone XL oil pipeline are blasting President Barack Obama’s claims that the project would lead to relatively few U.S. jobs.
TransCanada CEO Russ Girling, right, and TransCanada president of energy and oil pipelines Alex Pourbaix announce the company is moving forward with the 1.1 million barrel-per-day Energy East Pipeline project at a news conference in Calgary, Alberta, Canada, Thursday. (AP Photo/The Canadian Press, Jeff McIntosh)

TransCanada to build pipeline to Canada’s Atlantic coast

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The announcement comes as TransCanada faces stiff environmental opposition to its proposed Keystone XL pipeline to refineries in Texas.
Categories: Canada, Keystone XL
A man walks in front of Duke Energy Corporate Headquarters in a Charlotte, N.C.  (AP Photo/Nell Redmond, File)

Duke Energy won’t build Florida nuclear plant

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Duke officials confirmed that the company made the decision because of delays by the Nuclear Regulatory Commission in issuing licenses for new nuclear plants, and because of recent legislative changes in Florida.
Categories: Electricity, Nuclear
Energy Secretary Ernest Moniz (AP Photo/Manuel Balce Ceneta)

Moniz: Feds ‘working hard’ on LNG export proposals

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Energy Secretary Ernest Moniz insisted Thursday that the Obama administration is “working hard” to evaluate companies’ bids to broadly export U.S. natural gas, amid criticism that the process is taking so long it could prevent America from competing globally.
Categories: General
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Chevron fined $284,000 for pollution law violations

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Chevron has agreed to pay a $284,000 fine and help buy four clean-running school buses after inspectors found pollution law violations at a Salt Lake City refinery.
Categories: Environment, General
Tommy Beaudreau, acting assistant secretary for lands and minerals management, U.S. Department of the Interior.

Feds meet with Houston oil execs about Gulf accidents

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Top federal regulators met with offshore oil and gas leaders in Houston to discuss recent accidents in the shallow-water Gulf of Mexico.
A new report suggests energy companies should to more to thwart attacks on critical control systems.

Experts advocate an executive approach to cyber attacks

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Energy executives must focus management and corporate culture to meet the threat of online attacks on their operations, a speaker warned at a Houston event Thursday,
Tracy Olson/Flickr

The energy’s renewable; sustaining the cash is up to you

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Choice Energy Services, a Houston-based retail energy consultant and broker, has signed a 10-year deal to provide renewable power to run BBVA Compass bank branches and ATMs.
Categories: General
Enterprise Products Partners liquids storage facilities in Mont Belvieu, Texas. (Enterprise Products Partners)

Enterprise Products pipelines moved more products

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Enterprise Products Partners Thursday reported net income for the second quarter of 2013 of $553 million, down from $566 million for the year-ago quarter.
Exxon Mobil has about 86 percent of its oil and gas production in what rating agencies consider less risky OECD countries, according to the analysis.(Carlos Javier Sanchez/ Special to the Chronicle)

Exxon Mobil earnings fall 57 precent

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Exxon said Thursday that it earned $6.86 billion on revenue of $106.47 billion in the quarter. In last year’s quarter, the company earned $15.9 billion on revenue of $127.36 billion.
Categories: Finance/Earnings