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

Aerial view of drilling activity at one of Carrizo’s wells in northern LaSalle County, Texas, a portion of the Eagle Ford Shale. (Carrizo Energy)

McKinsey: Shale, related industries could add $700B to US economy by 2020

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McKinsey & Company is estimating that the shale industry will generate $700 billion for the US economy by 2020, as it transforms related industries, such as manufacturing, trade and infrastructure demands.
Categories: Shale

Drumbeat: July 31, 2013

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The Whole World Is Getting Richer, and That’s Good News
This month the most accurate source for global data on the size of the world’s economies got a makeover. As a result, we have measures of economic growth and relative income across countries tha…
Categories: Uncategorized
An out-of-control natural gas well ignited a fire on a Hercules rig in the Gulf of Mexico in July. (AP Photo/U.S. Coast Guard)

Blowout could tip regulator focus to shallow-water

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Last week’s blowout on a natural gas rig off the Louisiana coast could shift regulators’ focus to shallow-water drilling and make an overhaul of safety equipment regulations more likely.
Categories: Crude oil, Offshore
Workers use buckets to remove crude oil during a clean up operation on the beach of Prao Bay on Samet Island in Rayong province eastern Thailand Tuesday, July 30, 2013. About 50,000 liters (13,200 gallons) of crude oil that leaked from a pipeline operated by PTT Global Chemical Plc, has reached the popular tourist island in Thailand's eastern sea despite continuous attempts to clean it up.  (AP Photo)

Oil slick spreads as cleanup drags on Thai island

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An oil spill that has marred a tourist island in the Gulf of Thailand has spread to nearby smaller isles, officials said Wednesday, as authorities raced to clean up the island’s once-white sands and clear waters.
This 2014 Ford F-150 has undergone the complete conversion for bi-fuel use. The converted trucks can run on gasoline, compressed natural gas, or liquefied petroleum gases, like butane and propane. (Ford Motor Company)

Ford to launch F-150 that can run on natural gas

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Ford Motor Co. will offer a natural gas option for its 2014 F-150 pickup truck models, turning drivers of America’s most popular vehicle into potential consumers of the low-cost fuel.
A worker with an oil cleanup crews siphons off oil on floating on the top along the drainage toward Lake Conway in Conway, Ark. (Alan English/The Log Cabin Democrat, AP Photo)

How to spot a pipeline leak with a bowling ball (video)

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Categories: Accidents
Shares of Stolt-Nielsen, which operates 155 tankers, gained 20 percent to 138 kroner ($23.26) in Oslo this year and will reach 171.25 kroner in 12 months, according to the average of four analyst estimates compiled by Bloomberg. Andrew Wheeler/Bloomberg

Fracking boom sends chemical tankers to five-year high

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The boom in U.S. natural-gas supplies is boosting chemical exports to Asia, driving up demand for specialized ships that carry the products and sending freight rates to a five-year high.
An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Shell moves to Nigerian offshore fields amid onshore woes

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At Royal Dutch Shell Plc’s (RDSA) compound in the Nigerian city of Warri, the gate is locked, the grounds are empty and grass has overgrown since Europe’s biggest oil company closed its operations in March after more than 40 years.
Categories: Accidents, Africa, Pipelines
In this July 29, 2010, photo, oil and water flow down Ceresco Dam as oil spill clean up continues along the Kalamazoo River near Ceresco, Mich. (AP Photo/Detroit Frtee Press, Andre J. Jackson)

EPA: Enbridge nearly tripling oil spill dredging

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Enbridge Inc. will nearly triple the amount of contaminated sediment it dredges in Michigan’s Kalamazoo River to clean up after a July 2010 oil pipeline spill, the U.S. Environmental Protection Agency announced Tuesday.
Categories: Accidents, Pipelines
A member of ExxonMobil's cleanup crew is reflected in water and oil in a drainage ditch along State Highway 365 in Mayflower, Ark., Monday, April 1, 2013. (Courtney Spradlin /AP/Log Cabin Democrat)

Exxon Mobil puts off discussion of pipe under lake

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ExxonMobil Corp. says it wants an investigation into a March oil spill in a Mayflower neighborhood to wrap up before it opens discussions about a pipeline’s path below a watershed that provides drinking water to hundreds of thousands of people in central Arkansas.
Categories: Pipelines
(AP Photo/Brennan Linsley)

Some say industry arrogance fueled fracking anger

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The boom in oil and gas fracking has led to jobs, billions in royalties and profits, and even some environmental gains.
Various offshore oil equipment is displayed on a board at the Oil States Industries booth during the 2012 Offshore Technology Conference.  ( Brett Coomer / Houston Chronicle )

Oil States International to spin off its accommodations business

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Houston’s Oil States International, an energy services firm, said Tuesday it will spin off its housing business, creating two standalone companies.
Categories: Oil field services