Fuel Fix

Money Roll

EON will lose millions after trader’s ‘irregularities’

EON AG (EOAN), Germany’s biggest utility, will probably lose millions of euros after “irregularities” by a former employee were discovered last month.  More »
(AP file photo/Paul Sakuma)

Shell CEO sees no urgency to sell $6 billion Woodside stake

Royal Dutch Shell (RDSA) Plc, Europe’s largest oil company, sees no urgency over what to do with its $6 billion stake in Australia’s Woodside Petroleum Ltd. (WPL), Chief Executive Officer Peter Voser said today.  More »
Norwegian Minister of Petroleum and Energy Ola Borten Moe speaks at the Petroleum Club of Houston about drilling in the North Sea and the Arctic.

Norway energy chief promotes Arctic drilling

Norway’s Minister of Petroleum and Energy Ola Borten Moe spoke at the Petroleum Club of Houston on Monday and promoted fossil fuels as economic drivers.  More »
Supporters of a successful effort in 2012 to renationalize Argentina's largest oil company, YPF, wave flags. (AP Photo/Natacha Pisarenko)

Argentina’s new directors, CEO firmly control YPF

Argentina’s YPF oil company on Monday held its first shareholder meeting since being expropriated by the government, naming a board of directors reflecting the stunning reversal of fortune of its former owner, Spain’s Repsol.  More »

Officials check out drilling rigs slated for Arctic

Alaskan officials on Sunday toured two drilling rigs docked in a Seattle shipyard, as Shell showed off improvements it has made to the vessels that are poised to begin boring exploratory wells in Arctic seas near Alaska within months.  More »

Shell wins an Arctic permit from Fish and Wildlife Service

The letters of authorization allow “the anticipated incidental take of small numbers of polar bears and Pacific walruses associated with Shell’s planned oil and gas open-water exploration,” the agency said.  More »
(Image: Fotolia)

Court: Reinstate Ohio suit alleging Duke kickbacks

A federal appeals court has ordered the reinstatement of a lawsuit accusing Duke Energy Corp. of paying kickbacks to Cincinnati-area companies to win their support for a 2004 electricity rate hike.  More »
An oil worker walks pass the manifold (right) and frac pumps (left) at a Chesapeake Energy hydraulic fracturing operation near Carrizo Springs, Texas on Thursday May 5, 2011. (Photo: John Davenport/San Antonio Express-News)

Chesapeake shareholders will select four new board directors

Chesapeake Energy has agreed to let its two largest investors appoint four independent board members as the natural gas company continues to face scrutiny of its corporate governance.  More »

Nominate your company for the Chronicle’s Top Workplaces list

The deadline to make nominations for the Chronicle’s annual report on the area’s top places to work has been extended.  More »
United Arab Emirates  energy minister Mohamed bin Dhaen Al Hamli is surrounded by journalists as he arrives a hotel for a meeting of the Organization of the Petroleum Exporting countries, OPEC, in Vienna, Austria. (AP Photo/Matthias Schrader)

UAE expects growth to slow to 3 percent this year

The United Arab Emirates’ economy is likely to slow to about 3 percent this year amid a drop in oil prices, the Gulf federation’s top economic official said.  More »
A worker walks through pipes connecting storage tanks and pumps in the hydraulic fracturing process. (AP Photo/Keith Srakocic, File)

Industry: EPA overstates pollution from gas production

The Obama administration overstated the greenhouse-gas emissions from unconventional natural-gas production, the American Petroleum Institute and the America’s Natural Gas Alliance said today in a study.  More »
James Doty, who chairs the Public Companies Accounting Oversight Board, says credibility is vital: "People have to believe that auditors know what they're doing …"

He wants accounting to all add up

It’s reasonable for investors to be skeptical about audits of public corporations by accountants the companies themselves hire, but rules developing now can make such audits more reliable, a top accounting regulator says.  More »