Fuel Fix

A natural gas drill site in Pennsylvania. (AP Photo/The Daily Review, C.J. Marshall)

Researchers say there is an error in gas drilling study

Penn State University researchers say there was an error in a study they released in October on natural gas drilling and water wells.  More »
The Constitution spar in the Gulf of Mexico (Anadarko)

Anadarko announces Cheyenne East discovery in Gulf of Mexico

Anadarko Petroleum Corp. (APC), the largest U.S. independent oil and natural-gas producer by market value, found more gas than expected at its Cheyenne East project in the Gulf of Mexico.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Industry fights planned pollution rules for oil & gas drilling

Proposed regulations designed to curb pollution from oil and gas drilling will suppress domestic energy production and inflate costs, the industry’s largest trade group warned today.  More »

This photo provided by the U.S. Fish and Wildlife Service shows a sand dune lizard in Chaves County, N.M., The sand dune lizard is one of the creatures that the advocacy group WildEarth Guardians believes should be emergency listed under the Endangered Species Act. The group has filed a lawsuit against the U.S. Interior Department, claiming the agency failed to take action on hundreds of species that had been petitioned for listing. (AP Photo/U.S. Fish and Wildlife Service, Michael T. Hill)

Sand Dune Lizard decision won’t be for six months

Oil and gas activity in West Texas could be hindered if the U.S. Fish and Wildlife Service adds the Sand Dune Lizard to the endangered species list.  More »
(Photo: BFS Man)

ERCOT warns of possible rolling blackouts this winter, next summer

Last winter’s rolling blackouts in Texas and the summer’s near-blackouts could occur again in the coming year if extreme weather stresses the power grid more than normal, the state’s grid operator said Thursday.  More »
BP's Valhall oil production platform, located offshore Norway. (Photo: BP)

BP may face stiffer regulations in Norway

BP may face stiffer regulations in Norwegian waters after regulators found “serious shortcoming” in their plans to contain pollution releases, according to a Wall Street Journal story.  More »
Interior Secretary Ken Salazar officiates as Retired Rear Adm. James Watson is sworn in as director of the Bureau of Safety and Environmental Enforcement, with his wife Anne Watson, holding a Bible. (Photo: Tami Heilemann/Interior Department)

New offshore drilling chief takes over at Interior

It’s official: A new cop is on the beat to police the offshore drilling industry. Retired Rear Adm. James Watson today was sworn in as director of the Interior Department’s new Bureau of Safety and Environmental Enforcement, replacing Michael Bromwich, who spent 17 months on the job.  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)

Nigeria firm announces $147.5M oil field purchase

A Nigerian oil company says it paid $147.5 million for a stake in an onshore oil field once owned by Royal Dutch Shell PLC, Eni SpA and Total SA.  More »
(Photo: Williams Co.)

Williams OKs exploration, production unit spinoff

Williams Cos. said today its board approved its previously announced plan to split into two separate companies.  More »
(AP file photo/Alastair Grant)

BP selling Canada Gas unit to Plains Midstream

BP PLC said today it is selling its Canadian natural gas liquids business to Plains Midstream Canada, a subsidiary of Plains All American Pipeline, for $1.67 billion.  More »

Statoil completes deal to purchase Brigham Exploration

Norweigan oil giant Statoil completed its deal today to acquiring Austin-based Brigham Exploration for $4.4 billion in cash, giving it a foothold in the U.S.’s Bakken shale.  More »

Gas prices edge closer to sub-$3 mark

Price fell to $3.09, down from the $3.12 average from last week, according to AAA gas gauge. GasBuddy.com said the average price in Houston dropped to $3.08, down two pennies from last week.  More »

ConocoPhillips may sell Gulf refinery

ConocoPhillips (COP), the U.S. oil and gas company that plans to spin off its refining business next year, is seeking buyers for its Alliance refinery in Belle Chasse, Louisiana, according to two people familiar with the company’s plans.  More »
Iranian President Mahmoud Ahmadinejad sits for an interview with state-run TV. (AP Photo/Presidency Office, Rouzbeh Jadidoleslam, HO)

With tighter financial sanctions, Iran clings to oil lifeline

Just after 3 p.m. on Nov. 29, about 200 demonstrators ransacked the British Embassy in Tehran, chanting “Death to England,” setting fire to the Union Jack, carting off a portrait of Queen Elizabeth, and detaining staff as Iranian security officers stood by. It bore all the marks of a state-orchestrated provocation.  More »
This underwater image taken and released by Brazil's Environment and Natural Resources Institute, IBAMA, shows an oil spill in an offshore field operated by Chevron oil company at the Bacia de Campos, in Rio de Janeiro state, Brazil, Nov. 11, 2011. More than 2,600 barrels of oil may have spilled into the Atlantic ocean because of a leak at an offshore Chevron drilling site, IBAMA officials said Friday. (AP Photo/Ibama)

Chevron was “irresponsible” in Brazil spill

Chevron Corp. (CVX) was “irresponsible” and acted with an “absolute lack of caution” in operations that led to a leak in the Frade oilfield off the coast of Rio de Janeiro, the state’s governor said.  More »