Fuel Fix

Shell's contracted drillship Noble Discoverer (is shown) in Dutch Harbor, Alaska.

Shell bids $1.6 billion for oil explorer Cove Energy

Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, offered to buy African explorer Cove Energy Plc (COV) for 992.4 million pounds ($1.6 billion) to gain a foothold in Mozambique.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Judge upholds New York town’s fracking ban

A central New York town can block natural-gas drilling after a state judge, in the first test of local laws, upheld the Town of Dryden’s ban on hydraulic fracturing.  More »
Oil from the Deepwater Horizon spill is seen floating on the surface of the water in Bay Jimmy, near where oil was spotted in June 2011. (AP Photo/Gerald Herbert, File)

Transocean employee hurt in BP blast asks for separate trial

Buddy Trahan, a Transocean Ltd. (RIG) rig supervisor who barely survived the BP Plc (BP/) Deepwater Horizon rig disaster, asked a federal judge to free his stalled personal- injury lawsuit from the oil-spill litigation set for trial in New Orleans on Feb. 27.  More »
In this image made off Japan's NTV/NNN Japan television footage, smoke ascends from the Fukushima Dai-ichi nuclear plant's Unit 3 in Okumamachi, Fukushima Prefecture, northern Japan on Monday, March 14. The second hydrogen explosion in three days rocked Japan's stricken nuclear plant Monday, sending a massive column of smoke into the air and wounding 11 workers. (AP Photo/NTV/NNN Japan)

Fukushima disaster left U.S. agency in confusion

Relying on information from Japanese officials, U.S. Nuclear Regulatory Commission Chairman Gregory Jaczko told Congress that a spent-fuel pool at Japan’s crippled Fukushima plant was dry. It wasn’t true.  More »
(Photo: Pioneer Drilling)

Pioneer Drilling logs a 4Q profit

Pioneer earned $6.8 million in the quarter, as its rig utilization rates increased and margins rose for its production services division.  More »
Sand flows at a Chesapeake Energy well near Carrizo Springs in the Eagle Ford Shale. (Photo: John Davenport/San Antonio Express-News)

Chesapeake earnings more than double

Chesapeake posted earnings of $429 million or 63 cents per share, compared with $180 million, or 28 cents per share, a year ago. The company had hedging gains of $315 million in the fourth quarter.,  More »
(Image: Fotolia)

Sunoco Logistics to expand Nederland terminal

The project, which will include new rail lines to help the facility with shipments of sweet crude oil from production centers in North Dakota, is considered to be the first phase of a project that could lead to more expansions.  More »
The Cushing, Okla., pipeline hub.

Enterprise draining 2.3 million barrels of oil into Cushing

The companies are preparing to reverse the Seaway pipeline’s flow to take oil to U.S. Gulf Coast refiners.  More »
(Photo: Dan X. McGraw)

Weatherford shares fall on tax issues, restated earnings

The company last year identified “material weaknesses” in its accounting system and cut earnings by $500 million.  More »
(Photo: Fotolia)

Oil price climbs on fear Iran may stop more oil

“People are just scared about Iran,” independent analyst and trader Stephen Schork said.  More »
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Cabot, Williams announce new Marcellus pipeline

A natural gas driller and a pipeline company are proposing to build a new pipeline to carry natural gas from Pennsylvania’s Marcellus Shale to the New York and New England markets.  More »
In this Thursday, March 24, 2011 photo, a cluster of houses is seen in Port Harcourt in Nigeria's Delta region.  (AP Photo/Sunday Alamba)

Shell: Nigeria can produce 4M barrels of oil a day

Nigeria could produce as much as 4 million barrels of oil a day, but production remains held back by chronic problems with the nation’s government and the rampant theft of crude from pipelines, a top official with Royal Dutch Shell PLC said.  More »
Anadarko CEO Jim Hackett (Gary Fountain/For the Houston Chronicle)

Anadarko’s Walker to replace Hackett as CEO

Anadarko Petroleum’s Chief Operating Officer Al Walker will replace CEO James Hackett in May, the company said Tuesday, with Hackett assuming the role of executive chairman until he retires in June 2013.  More »
deepwater horizon disaster explosion

BP settles with injured Deepwater Horizon worker

BP Plc (BP/), Transocean Ltd. (RIG) and others involved in the operation of the Deepwater Horizon rig that exploded in the Gulf of Mexico in 2010 agreed to settle a lawsuit filed by a worker injured in the blast.  More »
The Constitution spar in the Gulf of Mexico (Anadarko)

Anadarko says Jupiter-1 well off Sierra Leone finds oil

Anadarko Petroleum Corp. (APC) said the Jupiter-1 exploration well off Sierra Leone found oil and gas.  More »