Fuel Fix

Survey: Energy execs cautious about acquisitions

Just 31 percent of surveyed oil and gas executives expect to pursue acquisitions over the next 12 months, down from 48 percent in October, according to an Ernst & Young report.  More »
Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, Tuesday, Nov. 8, 2005. (AP Photo)

Chesapeake’s McClendon receives $108 million for sale of wells

Chesapeake CEO Aubrey McClendon received $108 million for his share in wells sold between the beginning of 2011 and the end of April 2012, the company disclosed in its 2012 proxy statement issued today.  More »
Craig Sautner, a resident of Dimock, Pa., holds a jug of contaminated water outside a September EPA meeting on hydraulic fracturing in New York. (Photo: AP/Press & Sun-Bulletin)

EPA: Well water in Pa. gas drilling town is safe

Federal regulators say the latest well-water test results for the northeastern Pennsylvania village of Dimock do not show unsafe levels of contamination.  More »
Money Roll

Democrats take aim at oil industry tax breaks, partnerships

Lawmakers are reviving plans to end tax breaks for oil, gas and coal companies — but this time, the campaign comes with a new twist.  More »
Cyprus' President Dimitris Christofias, second right, listens to a worker of Noble Energy at the offshore oil and gas rig belonging to Houston-based Noble Energy Inc. about 115 miles (185 kilometers) off the island's south coast. A field off Cyprus where U.S. firm Noble Energy is conducting exploratory drilling holds an estimated 5-8 trillion cubic feet (140-230 billion cubic meters) of natural gas, a significant find for the small island, the country's president announced Wednesday, Dec. 28, 2011. (AP Photo/Press and Information Office, HO, File)

15 firms to bid for gas drilling rights off Cyprus

Cyprus’ commerce minister says that oil firms from Russia, Italy, France, Canada, Malaysia, Israel and the U.S. are among 15 companies and consortiums seeking to carry out exploratory drilling for gas deposits off the island’s southern coast.  More »
Protesters of the proposed Keystone XL oil pipeline at a rally in Washington, D.C., Nov. 6, 2011. (Puneet Kollipara / the Houston Chronicle)

Kansas agencies wrangle over $19M pipeline taxes

The Kansas Department of Revenue believes a state law allowing oil company TransCanada to avoid paying nearly $19 million in property taxes has been misinterpreted, but the company said Thursday that it is simply following tax rules approved years ago by the state and noted its large investments in Kansas.  More »
(Photo: BFS Man)

ERCOT looking for ways to keep lights for the summer, future

As the warm Texas summer months loom, the Electric Reliability Council of Texas is searching for ways to keep the lights on through this summer and in the future.  More »
(Photo: Cobalt)

Cobalt remains committed to Angola after minister’s comments

Cobalt International Energy Inc., the offshore oil explorer backed by Goldman Sachs Group Inc., says it’s committed to developing oil prospects in Angola’s pre-salt basin after the government said it was free to leave.  More »
Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, Tuesday, Nov. 8, 2005. (AP Photo)

Chesapeake may have big undisclosed liability

Chesapeake Energy Corp., already facing a Securities and Exchange Commission inquiry for loans its chief executive made against company assets, may also be carrying $1.4 billion in undisclosed liability.  More »
A garbage truck running on compressed natural gas makes its way along its route in The Woodlands. Driver Servando Rosales says a resident who listened for a deep diesel sound had to chase after him when she realized a quieter machine was on the route. Photo: Jerry Baker / HC

Waste Management adding cleaner, natural-gas vehicles

The iconic rumbling garbage truck may have met its match: natural gas.  More »
FordFocuselectric1

Ford puts a focus on electric cars

After test-driving the soon-to-go-on-sale Ford Focus Electric at a promotional event downtown on Thursday, Matt Hrna was impressed with its quick acceleration. It has more pickup than the four-cylinder gasoline-powered car he now owns.  More »
Oil workers at the West Qurna Phase 2 field in the Basra region of Iraq in 2010.  (AP file photo/Nabil al-Jourani)

OPEC boosts oil production for seventh month on Iraq

OPEC boosted crude production for a seventh month in April as Iraq, Nigeria and Libya raised output, according to the International Energy Agency.  More »