Fuel Fix

A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake Energy rebounds after denying bankruptcy plans

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The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.

Chesapeake Energy rebounds after denying bankruptcy plans

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A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)
The Oklahoma City oil and gas producer has some $11.6 billion in debt and a $500 million note due next month, according to regulatory filings.
Motorists refuel at a Mobil gas station in Pittsfield, Mass., where regular gasoline is for sale at $1.99 per gallon, Tuesday Sept. 29, 2015. (Ben Garver/The Berkshire Eagle via AP) BERKSHIRE COURIER OUT, GREAT BARRINGTON RECORD OUT, RURAL INTELLIGENCER OUT, BERKSHIRES OUT; MANDATORY CREDIT

National gasoline average now below $1.75 a gallon

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Prices at the pump are currently at their lowest prices in seven years courtesy of bountiful supply and cheap costs of crude oil
Categories: Consumers, featured, Gasoline

Upbeat US data set to ease Fed pressure

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A stream of upbeat US economic data provided a counterpoint to anxieties surrounding rising interest rates that have roiled markets in recent weeks
Categories: Uncategorized
(AP file photo)

Climate change becoming top shareholder concern

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Climate change concerns are becoming the biggest priority for shareholders, according to a study released by Ernst & Young on Tuesday morning.
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron enters midstream deal in Delaware Basin

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In another sign of the growing importance of the West Texas oilfields to Chevron U.S.A., the company announced a joint development agreement with Cimarex Energy Co. for Delaware Basin acreage in Culberson County.
Categories: General

Blow to US Voting Rights Act

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By invalidating the central provision of the Voting Rights Act, the US Supreme Court has curbed federal civil rights oversight of state voting law
Categories: Uncategorized
(AP Photo/Matt Houston, File)

Federal scientists: Diluted oil sands crude poses no higher pipeline risk

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The oil sands crude that would flow through Keystone XL is no more likely to cause pipelines to corrode and fail than other heavy crudes, according to a government study Tuesday that could give a boost to the controversial TransCanada Corp. project.

Brazil’s love of cars begins to backfire

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Protests in Brazil demonstrate the political cost of the ruling party’s decision to stake the country’s economic future on the automobile
Categories: Uncategorized

EU court backs Google on personal data

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Adviser to the European Court of Justice says Google should not have to remove sensitive personal data appearing on its search index
Categories: Uncategorized

CFTC to bring civil suit against Corzine

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US watchdog is likely to allege that Jon Corzine was ‘negligent in failing to supervise’ the staff who worked in MF Global’s office in Chicago
Categories: Uncategorized

King warns on ‘jumping the gun’ on rates

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Outgoing BoE chief says Bernanke guidance does not signify imminent return to normal interest rates and that governments have missed opportunities
Categories: Uncategorized
David Barfoot, left, grabs a fiber optic cable at Halliburton's Fiber Optics Facility in Houston as he talks about fiber optic sensor technology attached to a well casing. (Michael Paulsen / Houston Chronicle)

Frack music attracts Halliburton to submarine spy tool

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A gossamer-thin glass line threaded two miles underground is allowing oilfield engineers to listen to a new kind of music: the sounds of fracking.
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

U.S. FTC said to open probe of oil price-fixing after EU

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The U.S. Federal Trade Commission opened a formal investigation into how prices of crude oil and petroleum-derived products are set, mirroring a European Union inquiry, two people familiar with the matter said.
Categories: Crude oil
Parts of Calgary, with more corporate headquarters than every other Canadian city except Toronto, are still under water after the Bow and Elbow rivers swelled from record rainfall in the nearby Rocky Mountains, spilling into low-lying communities. Dave Buston/AFP via Getty Images

Calgary’s flooding bruises oil patch economy

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Record flooding near Calgary has left the downtown core of Canada’s oil capital empty while forcing the closing of three oil pipelines and causing as much as C$5 billion ($4.8 billion) in damage to homes and offices.
Categories: Accidents, Crude oil