Fuel Fix

(Nabors photo)

Steffy: Former Nabors CEO decision on bonus is a wise move

Nabors’ Industries ridiculously overpaid chairman, Eugene Isenberg, has agreed to waive the $100 million severance payment he was supposed to receive for giving up the chief executive’s title last year.  More »
(Image: Fotolia)

Norway police fine Transocean units for understating profit

Norway’s agency for economic crime said it fined units of Transocean Ltd. for underreporting taxable income in 2001 and 2002.  More »
Eugene Isenberg

Nabors former CEO forfeits $100 million payout, resigns

Nabors Industries Ltd.’s Chairman and former chief executive officer, Eugene Isenberg, has forfeited his $100 million retirement paycheck, in response to a firestorm of shareholder criticism.  More »
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An unidentified man walks along oil pipelines belonging to Agip Oil company in Obrikom, Nigeria. AP Photo/George Osodi)

Nigeria military confirms oil pipeline attacked

Nigeria’s military has confirmed that militants using dynamite bombed an Eni SpA oil pipeline running through the country’s crude-rich southern delta.  More »
(Photo: AEI Services)

Renewable power contracts are starting to plunge

The price of renewable power contracts signed by California utilities more than doubled from 2003 through 2011 but has now started to plunge, according to a long-awaited state report issued Friday.  More »
The corporate logo at Apache Corp. headquarters in Houston. (AP file photo/Pat Sullivan)

Big energy firms start the year with new leases

Apache Corp. has renewed its lease in Uptown, putting an end to rumors that the company might be moving to a new building.  More »
This aerial photo shows an oil sands mine facility near Fort McMurray, in Alberta, Canada. The proposed Keystone XL pipeline would carry oil sands crude from projects in Alberta to refineries along the Gulf Coast. (AP Photo/The Canadian Press, Jeff McIntosh, File)

Canada to boost efforts to monitor oil sands pollution

Canada and the province of Alberta will expand monitoring and increase air and water testing at oil-sands operations as the projects attract record investment and greater environmental scrutiny.  More »
(AP Photo/Keith Srakocic)

Draft fracking rule has ‘good elements,’ environmentalist says

The U.S. Interior Department’s proposed guidelines for natural gas fracking on public lands don’t specify how drillers will disclose the chemicals they use.  More »
Shell used the Noble Discoverer to explore in the Chukchi Sea in 2012. (Photo courtesy of Shell Oil Co.)

Shell hopeful for Arctic drilling

It’s the billion-dollar question in Alaska for 2012: Will this be the year Shell Oil begins large-scale offshore exploratory drilling in Arctic waters?  More »
(AP file photo)

Obama, GOP spin recent energy stats

You wouldn’t know it from the Republicans, but these are boom times for American energy.  More »
(Photo: Marcellus Protest/Flickr)

GOP lawmakers seek vote on Pa. gas drilling bill

A final framework is at hand on sweeping legislation to impose an impact fee and update safety regulations on Pennsylvania’s booming natural gas industry, top Republican state lawmakers say.  More »

Chevron rig burns off Nigeria as damage hits shore

The burning inferno of what used to be a Chevron Corp. natural gas rig still stains the night’s sky orange more than two weeks after the rig caught fire, and no one can say when it will end as swarms of dead fish surface.  More »