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

Isis Energy President A.J. Brass said the midstream company will announce its first project soon.

New midstream company launches with $150 million in financing

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A new Houston-based midstream company announced $150 million in capital commitments Tuesday and said it expects to name its first project soon.
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Report: Keystone XL will hike gasoline prices for some US drivers

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California billionaire Tom Steyer and other Keystone XL opponents pulled out another weapon in their fight against the pipeline on Tuesday, by arguing that the project would cause gasoline prices to climb by up to 40 cents per gallon in the Midwest.
NRG Energy's SR Bertron Power plant. (Nathan Lindstrom/For the Chronicle)

Grid operator delays decision on boosting capacity requirements

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The Electric Reliability Council of Texas decided to wait for further research before deciding whether to push for additional generating capacity in the state.
Categories: Electricity
Marathon gas station sign (AP Photo/Gene J. Puskar)

Marathon Petroleum falls on weak 2Q profit outlook

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Shares of Marathon Petroleum slid 5 percent Tuesday after a weak second-quarter earnings forecast.
Categories: Finance/Earnings
(Image: Fotolia)

Hackers troubling energy firms with old tricks

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Hackers have been able to cause continued trouble for energy companies by reusing old material, an illustration of just how slowly oil and power businesses are reacting to online threats, a security expert said.
Categories: Safety/Security
(Photo: Valerie Everett/Flickr)

Lawyers leave Fulbright for Baker Botts

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Fourteen lawyers along with an unspecified number of support staff are leaving Norton Rose Fulbright to join rival law firm Baker Botts in the Middle East.
Categories: Workforce

More North American Energy Will Help Alleviate Fuel Prices

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Today, the U.S. Senate Committee on Energy and Natural Resources will revisit an all too common topic discussed on Capitol Hill: how changes in domestic oil production, refining and distribution could be affecting U.S. gasoline and fuel prices. It’s an issue that has an impact on the wallets of nearly every American.  So it’s important […]
Categories: General

World Oil and Gas Production Forecasts Up to 2100

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With the recent announcement of closure, this will be the last guest post by Jean Lahérrere at TheOilDrum. By fortune it is an update on Jean’s famous long term petroleum and natural gas forecasts; may it serve also as a long term reference to all the…
Categories: Uncategorized
Oil from the Deepwater Horizon spill floats on the water as the sky is reflected in sheen on Barataria Bay, off the coast of Louisiana, in this June, 7, 2010 file photo. A high-stakes trial to assign blame and help figure out exactly how much more BP and other companies should pay for the spill began Monday, Feb. 25, 2013. (AP Photo/Charlie Riedel, File)

Anadarko to face investor suit over BP spill, judge says

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Anadarko Petroleum Corp., a partner in the BP (BP/) Plc well that blew up in 2010 and triggered the largest U.S. offshore oil spill, must face a lawsuit claiming it misled investors, a judge said.
China National Offshore Oil Corporation's (CNOOC) oil rig in China's Bohai Sea in 2002. (REUTERS/China Newsphoto/Files)

BP to explore third deepwater South China Sea block with Cnooc

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BP Plc (BP/), Europe’s second-largest oil company, signed a deal for a third block in the South China Sea with Cnooc Ltd. (883), the country’s biggest offshore explorer.
Categories: Crude oil, Offshore
Money Roll

Women-owned small businesses snubbed by U.S. Energy Department

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The U.S. Energy Department is almost a blackout for women-owned small businesses.
Categories: Politics/Policy
BPsign

BP sets up anti-fraud hotline for spill claims

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BP has set up a hotline for people to report alleged fraud involving claims arising from the company’s massive 2010 oil spill in the Gulf of Mexico.