Fuel Fix

Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, Tuesday, Nov. 8, 2005. (AP Photo)

Chesapeake’s outlook dims as board switches course on CEO loans

Shareholder confidence in Chesapeake Energy Corp. (CHK) sank to its lowest point since the 2008 global economic meltdown as company directors reversed course on the need to examine Chief Executive Officer Aubrey McClendon’s personal financial transactions.  More »
A large sign is seen in the front Sunoco'S Eagle Point refinery in National Park, N.J. (AP Photo/Mel Evans)

Sunoco closing to leave 2 refiners with 86% of East Coast market

Gasoline prices from Florida to Maine will probably rise after Sunoco Inc. (SUN)’s planned closing of a Philadelphia refinery this year makes the market less competitive, the American Antitrust Institute said.  More »
(AP Photo/Keith Srakocic)

NC lawyer: Landowners must take care on fracking

North Carolina landowners should be extremely careful when considering ceding drilling rights and legislators should require more information and protections for residents as the General Assembly evaluates whether to allow fracking, a state attorney said.  More »
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Al Armendariz. Photo: Amy Gutierrez, Chronicle

‘Crucify’ a bad word choice for EPA regulator, he admits

The Houston-area top administrator said the agency makes examples of bad players in the oil and gas industry.  More »
The Cameron International Building in Houston (Photo: Holliday Fenoglio Fowler)

Cameron International’s profit rises 22 percent

Cameron said orders increased by nearly 70 percent  More »
A Chesapeake Energy drilling rig (Photo: Chesapeake Energy)

Steffy: Chesapeake to scrap well program that involved CEO’s loans

Chesapeake Energy said it will end a controversial program that allowed its chief executive, Aubrey McClendon, to invest privately in company wells.  More »
A unicyclist rides pass a gasoline pricing sign in Portland, Ore. (AP Photo/Rick Bowmer)

Houston gas prices drop for third straight week

For the third straight week, gasoline prices have dropped in Houston.  More »
Two years after an oil spill that plunged the offshore drilling industry into a period of re-evaluation and scrutiny, the aura surrounding this year’s Offshore Technology Conference is almost giddy.

OTC opens with optimism, focus on safety

Two years after an oil spill that plunged the offshore drilling industry into a period of re-evaluation and scrutiny, the aura surrounding this year’s Offshore Technology Conference is almost giddy.  More »
A sign marks the entrance of the secluded Exxon Mobil corporate headquarters in Irving, Texas. (AP file photo/LM Otero)

Exxon’s 1Q profit drops as output, gas decline

Exxon Mobil Corp. said net income fell 11 percent as its biggest first-quarter production decline since 2008 countered oil prices above $100 a barrel.  More »
(Photo: NuStar Energy)

NuStar posts mixed earnings report

NuStar Energy LP said its net income applicable to limited partners fell 18 percent in the first quarter, missing analysts’ estimates.  More »
(AP file photo/Paul Sakuma)

Production rise helps Shell beat forecasts in Q1

Royal Dutch Shell PLC delivered forecast-busting first quarter earnings on Thursday as it benefited from higher oil prices, and said it is looking for ways to exploit the current low cost of natural gas in North America.  More »
Supporters of a successful effort in 2012 to renationalize Argentina's largest oil company, YPF, wave flags. (AP Photo/Natacha Pisarenko)

Argentine Senate approves of YPF takeover

Argentina’s Senate on early Thursday approved the forced takeover of the YPF oil company from Spain’s Repsol.  More »