Fuel Fix

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Chesapeake Oilfield plans IPO

Chesapeake Energy Corp., the second-largest U.S. natural gas producer, plans to sell shares in its hydraulic-fracturing business unit to raise $862.5 million amid a North American gas glut that squeezed cash flow.  More »
The liquefied natural gas tanker Inigo Tapias makes its way through Boston Harbor past downtown Boston on Jan. 24, 2004. (AP Photo/Michael Dwyer)

Feds approve Cheniere’s plan to export natural gas

Houston-based Cheniere Energy on Monday cleared the final major hurdle to exporting natural gas when federal regulators approved the firm’s plan to build a plant for liquefying the fossil fuel in southwest Louisiana.  More »
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Judge extends deadline for spill settlement details

A federal judge has extended a deadline for BP and a team of plaintiffs’ attorneys to file details of a proposed settlement designed to resolve billions of dollars in economic damage claims spawned by the 2010 oil spill in the Gulf of Mexico.  More »
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A view of the facility at Shell's Ursa project in the Gulf of Mexico. Shell is the operator on the project, but working partners include BP, Exxon Mobil and ConocoPhillips. (Photo: Shell)

Feds confirm that natural seafloor seep caused Gulf oil sheen

A 10-mile oil sheen that surfaced in the central Gulf of Mexico last week was caused by crude naturally seeping from the sea floor, federal investigators said today.  More »
The Cushing, Okla. pipeline hub.

Seaway Pipeline to begin oil shipments to Gulf on May 17

Enbridge Inc. and Enterprise Products Partners LP plan to start crude oil shipments on the Seaway pipeline from Cushing, Oklahoma, to the U.S. Gulf Coast on about May 17, according to a filing with regulators.  More »
ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Exxon and Rosneft to team up on oil projects

Exxon is teaming up with Russian oil giant Rosneft to develop oil and natural gas fields in Russia and North America.  More »
People fill the tanks of their vehicules at an YPF station in Buenos Aires, Argentina,  Thursday, April 12, 2012. Spanish Industry Minister Jose Manuel Soria  has warned that the government will interpret any "hostile gestures" against Spanish companies abroad as an act of aggression, in an apparent reference to a conflict with Argentina over an oil company controlled by Spain's Repsol. YPF,  which is 57 per cent owned by Repsol,  has rejected Argentine government pressure to plough some of its profits back into the South American country.(AP Photo/Natacha Pisarenko)

Argentina will seize 51% of YPF under Fernandez proposal

Argentina said it plans to seize 51 percent of YPF SA, the country’s largest oil producer, to stem an increase in fuel imports and increase control over the nation’s oil reserves. The stock plunged.  More »
The liquefied natural gas tanker Inigo Tapias makes its way through Boston Harbor past downtown Boston on Jan. 24, 2004. (AP Photo/Michael Dwyer)

Environmentalists challenge natural gas export plans

Environmentalists just filed a legal challenge to Freeport LNG’s bid to export natural gas from a facility in Texas — the latest attempt to undercut a push by more than a half dozen companies to send the fossil fuel overseas.  More »
The LNG carrier, a tank ship designed for transporting liquefied natural gas, is towed into port. (Lex Van Lieshout, Getty Images)

LNG spot cargo trading to decline over next 3 years, BP Says

BP Plc (BP/) said trading of liquefied natural gas cargoes on the spot market will decline over the next three years.  More »
California Plug In

Pilot program would ensure grid reliability, EV charging

IBM, Honda and PG&E are working on a pilot program aimed at seamless charging of electric cars while still ensuring the reliability of the power grid.  More »

Court decision could open big hole in state revenues

A state judge’s ruling to exempt oil and gas companies from paying sales taxes on extraction equipment could cost the state billion in revenue, according to media reports.  More »
(Photo: Cobalt)

Cobalt says no laws broken after report on Angolan partner

Cobalt International Energy Inc., the offshore oil explorer backed by Goldman Sachs Group Inc. said it hasn’t broken any laws after the Financial Times reported Angolan officials own stakes in its local partner.  More »