Fuel Fix

Shareholders have criticized Chesapeake’s board for failing to rein in what they’ve seen as Chief Executive Officer Aubrey McClendon’s risk-taking and overspending at the company. (F. Carter Smith/Bloomberg )

‘Tainted’ Chesapeake hears rising calls to dump McClendon

Chesapeake Energy Corp. (CHK)’s efforts to defuse a shareholder revolt over Chief Executive Officer Aubrey McClendon’s personal finances and management missteps have intensified calls for his dismissal.  More »
(AP file photo)

Cove Energy announces another natural gas find off Mozambique

Cove Energy Plc (COV), the U.K. explorer that agreed to be bought by Thailand’s PTT Explorationa and Production Pcl, said drilling found more gas at the Rovuma Area 1 exploration block off the coast of Mozambique.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Fracking in Ohio sparks real estate rebound

The clamor of bulldozers on a patch of former farmland in rural Carroll County, Ohio makes Glenn Enslen, the county’s economic development director, feel “like an eight-year-old kid on Christmas morning,” he said.  More »
(Photo: Mobility, Flickr)

IEA calls for more funds to support carbon capture technology

Governments must increase funds to support carbon capture and storage technology and ramp up efforts to improve energy efficiency or risk missing climate change targets, the International Energy Agency warned.  More »
Statoil's Polar Pioneer drills in the Skrugard field in the Barents Sea. (Photo: Harald Pettersen/Statoil)

Statoil, Shell’s Norway oil operations threatened by strike

Well-service workers at Baker Hughes Inc. (BHI) started a strike over pay and pensions at 12 offshore oil installations in Norway, threatening output and other operations by companies including Statoil ASA (STL) and Royal Dutch Shell Plc.  More »
Actor Kevin Costner, left, arrives at a screening of "The Company Men" during American Film Institute's AFI Fest 2010 in Los Angeles on Wednesday, Nov. 10, 2010; and at right, actor Stephen Baldwin attends the U.S. premiere of "Mission: Impossible - Ghost Protocol" at the Ziegfeld Theatre on Monday, Dec. 19, 2011, in New York. A New Orleans courtroom will be the setting for a real-life drama that casts Hollywood stars Costner and Baldwin in adversarial roles. A trial is scheduled to open Monday, June 4, 2012, for a lawsuit that Baldwin filed against Costner over their investments in a device that BP used in trying to clean up the massive Gulf of Mexico oil spill. The federal suit claims Costner and a business partner duped Baldwin and a friend out of their shares of an $18 million deal for BP to purchase oil-separating centrifuges after the April 2010 spill. (AP Photo/Matt Sayles, Evan Agostini)

Kevin Costner downplays Baldwin’s role in BP deal

Kevin Costner testified Friday he never saw actor Stephen Baldwin contribute anything to their company’s efforts to sell oil cleanup devices to BP in the aftermath of the 2010 spill in the Gulf of Mexico.  More »
A boom is used to protect marshland in Terrebonne Parish on the Louisiana coast after the Gulf oil spill in 2010. Photo: Smiley N. Pool / Houston Chronicle

Ala. researchers get $12.3M from BP settlement

Two Alabama researchers are getting $12.3 million in grant money from the BP oil spill court settlement and will use the money to improve health outreach programs on the Gulf Coast.  More »
Mark Cleland, from Austintown, Ohio, participates in a protest outside Wells Academy/Steubenville High School Tuesday, Feb. 7, 2012, in Steubenville, Ohio. Gov. John Kasich is expected to highlight the themes of education and shale gas drilling in his State of the State address Tuesday. (AP Photo/Tony Dejak)

Governor set to sign Ohio’s new gas drilling rules

Republican Gov. John Kasich is preparing to sign a sweeping energy bill setting Ohio’s new shale-drilling regulations.  More »
Prices for three grades of gasoline are posted in front of a service station Wednesday, Feb. 22, 2012, in Bellevue, Wash., near Seattle. (AP Photo/Elaine Thompson)

Ore. task force looks for alternatives to fuel tax

The Oregon Department of Transportation will test a road tax based on miles driven — and measured with help from smart phones — as an alternative to the gasoline tax.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

Oil above $85 as Spain gets funds to rescue banks

Oil jumped above $85 a barrel Monday in Asia after Europe offered Spain a $125 billion rescue loan for its troubled banks.  More »
Hundreds of cranes and vessels are at a standstill at Port Fourchon Friday Dec. 3, 2010, in Golden Meadow, La. The typically bustling port has slowed since the moratorium of drilling in the Gulf of Mexico. (AP Photo/Kerry Maloney)

Steffy: Who should pay when drilling stops?

The drilling moratorium that the president enacted after the Deepwater Horizon spill has left many energy companies grappling with the question of who should pay for business lost during the five-month shutdown of deep-water operations in the Gulf.  More »
Portrait of Security State Bank Preident and CEO Mike Wilson in his office Thursday May 24, 2012 in Pearsall, Tx. Photo: Edward A. Ornelas, San Antonio Express-News / © 2012 San Antonio Express-News

Eagle Ford banks challenged as deposits skyrocket

South Texas landowners getting fat checks from oil companies for drilling on their land have been a boon to banks based in the Eagle Ford Shale.  More »