Fuel Fix

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)

Possible BP deal could tap $14 billion in fund

A settlement being discussed between BP and attorneys for hundreds of businesses and others suing over the Deepwater Horizon disaster could tap billions of dollars remaining in a claims fund set up after the accident.  More »
Commercial fishermen from St. Bernard Parish, La., hired by BP lay oil retention booms around New Harbor Island in the Gulf of Mexico in 2010. (AP Photo/Dave Martin)

BP investors see spill deal narrowing $44 billion gap

BP Plc (BP/) investors said progress toward a settlement with the victims of the Deepwater Horizon disaster signals a share-price rebound, closing the $44 billion gap with the company’s value before the worst U.S. oil spill.  More »
Some Ohioans are asking for a ban on fracking for Natural Gas until the Environmental Protection Agency completes its study. (Photo: Ty Wright/Bloomberg)

Ohio fracking foes push water safety, Republicans tout jobs

House Republicans went to eastern Ohio touting hydraulic fracturing to add U.S. jobs and cut fuel costs. Instead, lawmakers met skeptical residents, highlighting the divide over environmental concerns about fracking.  More »
Find a Better Job with
Job Seekers
Powered by Monster ®
Kimberlie McEvoy collects discolored well water as it comes from her kitchen sink at her home in Evans City, Pa. McEvoy and other residents say the water problems started about a year ago, after Rex Energy Corp. drilled two wells. At least two gas wells near her community developed casing problems during the drilling process, but neither Rex Energy Corp. nor state environmental regulators disclosed those problems during recent discussions about the contamination. (AP Photo/Keith Srakocic, File)

W. Pa. wells had casing failures in complaint area

At least two gas wells near a community that’s complained of sudden drinking water pollution developed casing problems during the drilling process, but neither Rex Energy Corp. nor state environmental regulators disclosed those problems during recent discussions about the contamination.  More »
A large sign is seen in the front Sunoco'S Eagle Point refinery in National Park, N.J. (AP Photo/Mel Evans)

Report: Closing Pa. refinery could spike gas costs

Federal energy officials say the potential closure of a Philadelphia refinery could lead to gas price spikes in some parts of the northeastern United States.  More »
The Trans-Alaska pipeline (Photo: BP)

Key Alaska Dems open to talk oil tax progressivity

A pair of Alaska lawmakers who have been among the staunchest defenders of the state’s oil tax structure say they are open to addressing the issue of “progressivity,” the much-debated system that generates revenue for the state budget and criticism from production companies.  More »
A Mountain Ridge Drilling rig of Daugherty Petroleum -- which works 24 hours a day, seven days a week -- is pictured 26 October 2005 in the Appalachian Mountains of eastern Kentucky.  Most of the 900 or so wells drilled in Kentucky this year won't produce more than a barrel or two of oil a day, but with prices topping USD 60 a barrel, those little wells are pulling in big profits, especially when they also pump natural gas.   AFP PHOTO/JEFF HAYNES  (Photo: JEFF HAYNES/AFP/Getty Images)

Gas driller: Pipe leak worse than first thought

A natural gas driller says a leaking pipe at a southwestern Pennsylvania well site contaminated more soil than initially thought.  More »
(AP file photo/Alastair Grant)

BP preparing new plan with Reliance for India’s gas block

BP Plc (BP/) said it’s developing a new plan with partner Reliance Industries Ltd. (RIL), operator of India’s biggest natural gas deposit, to develop discoveries in the area simultaneously instead of in phases.  More »

LINN Energy buys BP Hugoton Basin acreage for $1.2 billion

LINN Energy has reached a deal with BP America Production Co. to acquire 600,000 acres in the Hugoton Basin for $1.2 billion, according to the Houston-based oil and natural gas development company.  More »
Protesters of the proposed Keystone XL oil pipeline at a rally in Washington, D.C. (Puneet Kollipara / the Houston Chronicle)

New Keystone plan splits pipeline in parts

TransCanada Corp. announced it would build its Keystone XL tar-sands oil pipeline in two separate steps as it prepares to file a new application for U.S. approval of a cross-border permit.  More »
The mobile offshore drilling unit Development Driller III at the Deepwater Horizon site on May 7, 2010. (U.S. Coast Guard file photo)

A legal expert’s take on BP’s settlement talks

As settlement talks continue between the Plaintiff Steering Committee and BP over the Deepwater Horizon disaster, outside legal experts are speculating on the potential value of the plaintiffs’ cases.  More »
(Melissa Phillip/Houston Chronicle)

Transocean 4th quarter loss includes $1 billion Macondo charge

Transocean recorded a $1 billion contingency loss for its role in the largest offshore oil spill in U.S. history, adding to a total $6.1 billion fourth-quarter loss.  More »
(Photo: gotosira, Flickr)

Phoenix stinks. No, really, it does

Phoenix fire officials say they think they know what caused a big stink that prompted 250 calls over two hours, with some people complaining of nausea and headaches.  More »
(Nick De La Torre / Houston Chronicle)

Blackstone commits $2 billion to Cheniere gas-export plant

Cheniere Energy Partners LP, operator of the largest U.S. natural gas-import terminal, said Blackstone Group LP agreed to invest $2 billion toward construction of a $10 billion plant to export the fuel.  More »
Transocean's Marianas semisubmersible drilling rig. (Photo: Transocean)

Transocean reports $6.12 billion 4Q loss on charge

Transocean Ltd., the world’s largest offshore-rig operator, reported a fourth-quarter loss after the company’s contract drilling business lost market value, resulting in a writedown.  More »