Fuel Fix

(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 »
Sen. Ed Markey, D-Mass. (AP Photo)

NRC reviews allegations in Texas after Markey seeks probe

The Nuclear Regulatory Commission is reviewing allegations of retaliation against agency staff who raised safety concerns about a Nebraska power plant, which prompted a U.S. lawmaker to demand an investigation.  More »
This photo taken and released by Rio de Janeiro's government, shows an aerial view of a boat crossing an area of an oil spill in an offshore field operated by Chevron at the Bacia de Campos, in Rio de Janeiro state, Brazil. Rio de Janeiro state's environment secretary, Carlos Minc, says Brazil is expected to fine Chevron nearly $28 million for the ongoing offshore oil spill and will also ask Chevron to pay for damages caused by the Atlantic spill. Minc said Monday he considers the fine way too lenient, but it's the maximum allowed under current Brazilian law. (AP Photo/Rio de Janeiro's government,Rogerio Santana)

Chevron Brazil spill shows drillers still trip in crises

Last Nov. 7, something went wrong at a deep-sea oil well operated by Chevron Corp. (CVX) 230 miles (370 kilometers) northeast of Rio de Janeiro.  More »
Supporters of a successful effort in 2012 to renationalize Argentina's largest oil company, YPF, wave flags. (AP Photo/Natacha Pisarenko)

Argentina’s YPF seizure jeopardizes Vaca Muerta funds, IEA says

Argentina’s seizure of YPF SA (YPFD), the country’s biggest oil producer, may deter investment in the Vaca Muerta field that contains more than 20 billion barrels of oil equivalent, the International Energy Agency said.  More »
(AP file photo/Grand Forks Herald, Eric Hylden)

$1B pipeline project could wrap up by end of 2013

Construction on a more than $1 billion oil pipeline replacement project in Michigan could wrap up by the end of 2013 if the project gets regulatory approval.  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

ND oil patch airport might need $100M to upgrade

Dickinson officials say the city airport might need $100 million in the next five years to accommodate growth, and that the city might have to foot more of the bill than usual.  More »
A deep-water drilling rig works in the South China Sea. (AP Photo/Xinhua, Jin Liangkuai)

Experts say U.S. should do more to thwart spill from Cuban drilling

As the Spanish company Repsol nears its target depth for an exploratory oil well in Cuban waters, experts told a forum in Washington that the U.S. hasn’t done enough to prevent an accident on the site, or respond to one if it occurs.  More »
The Conoco oil refinery in Rodeo, Calif.,  at sunset. (AP file photo/Rich Pedroncelli)

Report: Carbon capture not growing fast enough to reduce CO2 pollution

Analysis by the Worldwatch Institute found that global spending on carbon capture and storage technology has stagnated, at $23.5 billion.  More »