Fuel Fix

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 caves to Icahn, replaces 4 directors

Just days ahead of what was is still likely to be a contentious shareholder meeting, Chesapeake Energy caved to pressure from two of its biggest shareholders and agreed to replace its four independent directors.  More »
Oil field workers drill into the Gypsum Hills near Medicine Lodge, Kan. An emerging oil boom has been sparked by modern technologies using horizontal drilling and a technique known as hydraulic fracturing, or “fracking, ” to coax out oil and gas. (AP Photo/Orlin Wagner)

Pa. to remain center of gas drilling, experts say

Like a runner who’s gotten a big head start in a race, Pennsylvania may be set to dominate natural gas production in the Marcellus Shale region for many years, experts say.  More »

Iran backs Iraq’s Thamir Ghadhban to head OPEC

Iran backs the Iraqi government’s candidate for the post of OPEC secretary-general, said Hussain al-Shahristani, Iraq’s deputy prime minister for energy affairs.  More »
Remi Urbanowski, left, a member of the financial council for the Polish embassy in Washington, and Ludomir Lasocki, advisor to the Polish Prime Minister, center, toured the area and learned about oil drilling that could be coming to their country in Karnes, Texas.  Karnes County rode waves of booms and busts numerous times in its history. Now the area is riding the wave of the Eagle Ford Shale play, bringing with it wealth, people, traffic and new construction to the area, but when drilling is eventually over, the area could be permanently changed by the next bust.  (AP Photo/Victoria Advocate, Angeli Wright)

South Texas county wary as oil boom settles in

A check for more than $300,000 was inside, the first royalty check from an Eagle Ford Shale well drilled on their property on the edge of Karnes County.  More »
(Photo: AEI Services)

Utilities More Concerned About Carbon Emissions

Concern about carbon emissions increased last year among U.S. utility executives, who also expressed apprehension that customers won’t tolerate higher rates for power generated from renewable sources, according to a report.  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)

Trial opens for suit against Costner over BP deal

Two Hollywood stars could spend the next two weeks in a New Orleans courtroom rather than on camera, on opposing sides in a real-life legal drama.  More »
Republican presidential candidate, former Massachusetts Gov. Mitt Romney holds a news conference outside the Solyndra manufacturing facility in Fremont, Calif.  Mitt Romney mischaracterized an Energy Department Inspector General investigation when he claimed it found the Obama administration had steered federal contracts to friends and family at Solyndra, the California solar company that went bankrupt. (AP Photo/Mary Altaffer, File)

Romney misses a mark on Solyndra claim

Republican presidential contender Mitt Romney has revived charges about the failed solar company Solyndra as he assails President Barack Obama’ green energy policy. But he didn’t get the story completely straight when he accused the administration of favoring “cronies.”  More »
Oil workers at the West Qurna Phase 2 field in the Basra region of Iraq in 2010.  (AP file photo/Nabil al-Jourani)

Chevron Phillips Chemical signs letter to study Iraq plant

Iraq and Chevron Phillips Chemical Co., a joint venture of Chevron Corp. (CVX) and ConocoPhillips (COP), signed a letter of intent to evaluate the feasibility of developing a petrochemical plant in the country, officials said.  More »
Al Armendariz will have a panel of the House Energy and Commerce Committee grill him Wednesday about his comments and record as EPA head of an area overseeing energy-rich states. Photo: AP GraphicsBank

‘Crucify’ comment prompts House inquisition

Al Armendariz, the EPA official who once joked about crucifying corporate polluters, may be in for a more modest form of torment this week at the hands of House Republicans.  More »
Oil pumps work at sunset Monday, Jan. 2, 2012, in the desert oil fields of Sakhir, Bahrain, in the Persian Gulf. (AP Photo/Hasan Jamali)

Iran sets up new oil storage facility in Bushehr

Iran has set up a crude oil storage facility with a capacity of 1 million barrels in the southwestern Bushehr province, Press TV reported, citing an Iranian Offshore Oil Co. official.  More »
U.S. Army soldiers walk past military armored vehicles in Baghdad, Iraq.  (AP Photo/Khalid Mohammed)

Army trying to make bases energy independent

The barrel-like oven transforming wood chips into electricity with a Ford auto engine hardly seems like battlefield equipment, but Army officials say it may save lives.  More »
Secretary of State Hillary Rodham Clinton. (AP Photo/Jacquelyn Martin)

Clinton urges cooperation in resource-rich Arctic

U.S. Secretary of State Hillary Rodham Clinton on Saturday ventured north of the Arctic Circle and urged international cooperation in a region that could become a new battleground for natural resources.  More »