Fuel Fix

(Photo: Julien Tromeur, Flickr)

Oil falls to 6-month low near $92 on US supplies

Oil prices dropped to fresh six-month lows near $92 a barrel Wednesday in Asia after a report showed U.S. crude supplies surged more than expected last week.  More »
The Noble Explorer drilled offshore in Alaska for Shell in 2012, and Shell's CEO says the company may try to return to the icy waters next summer. (Photo courtesy of Shell Oil Co.)

Alaska group to evaluate how to advance tax debate

Supporters of changes to Alaska’s oil production tax structure have called for a meeting to discuss how best to advance the debate after another legislative defeat.  More »
permian basin

Anadarko shows interest in buying Chesapeake assets

Anadarko Petroleum’s new CEO says the company might be interested in purchasing Permian Basin assets of Chesapeake Energy, which is selling the acreage to pay down debt.  More »
Downtown Houston (Bobby L. Warren/Wikimedia Commons)

Houston ranks among the cities with highest utility bills

Houston is among the cities with the highest utility bills, according to a company that tracks costs.  More »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

Moody’s maintains negative outlook on Chesapeake Energy

Moody’s is maintaining its negative outlook on Chesapeake Energy, despite an announcement late Friday of a $3 billion unsecured loan that the company will use to pay down its $4 billion revolving credit facility. Standard & Poor’s also is lowering Chesapeake Energy’s credit rating even further and company shares are down more than 5 percent.  More »
Michael Reed fills his gas tank at a station in Charlotte, N.C. (AP Photo/Chuck Burton)

Cheaper gas not enough to boost summer driving

Cheaper gas won’t be enough to get many more Americans on the road this summer. They’re still too worried about their jobs and the economy.  More »
idlerig

Obama challenges oil companies to drill existing leases

The White House on Tuesday pushed back against the oil and gas industry’s claims that the Obama administration is blocking domestic energy development, releasing a new analysis showing that 46 million acres of federal lands and waters leased for drilling are sitting idle.  More »
(Photo: Anadarko)

Anadarko expands massive Mozambique discovery

Anadarko’s Golfinho exploration well hit more than 193 net feet of natural gas pay offshore Mozambique, the company announced Tuesday.  More »
API President Jack Gerard speaks in Washington, D.C. (AP Photo/Jacquelyn Martin)

API pitches agenda for political parties: More drilling, more access

The oil and gas industry’s largest trade group on Tuesday implored the Democratic and Republican parties to embrace policies for boosting domestic energy development and streamlining environmental regulations. Not surprisingly, API is urging “pro-development policies” that it says can “create new jobs throughout all parts of the country,” not just in the oil patch.  More »
permian basin

Crude oil prices hit Texas sweet spot

Crude oil prices might not seem picture perfect for consumers, but they’re just right for those in the energy industry.  More »

Increase in “flaring” tied to pipeline shortages

With oil production on the rise in Texas, drilling companies are increasingly burning off the natural gas that surfaces with the oil because they can’t get pipelines in place fast enough to transport it.  More »
Welding crews lay pipelines in Texas to move oil and gas extracted from the Eagle Ford Shale to market. (John Davenport/San Antonio Express-News)

Deadliest danger for oil workers is on the road

Talk to almost anybody in the oil business and they’ll tell you it’s inherently dangerous.  More »