Fuel Fix

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Oil hovers below $103 amid signs of weak US demand

Oil prices hovered below $103 a barrel Thursday, after dropping sharply the previous day, when figures showed U.S. crude supplies rose more than expected for a fourth week, a sign demand remains tepid.  More »
Aubrey McClendon, co-founder of Chesapeake Energy Corp., is pictured during an interview in Oklahoma City, Tuesday, Nov. 8, 2005. (AP Photo)

Chesapeake says first lien on CEO’s oil wells shield holders

Chesapeake Energy Corp. (CHK) said shareholders are protected if Chief Executive Officer Aubrey McClendon defaults on personal loans because the company holds first liens on oil and natural-gas wells he used for collateral.  More »
Demonstrators march with a replica of a pipeline during a protest of Keystone XL at the White House on Sunday, Nov. 6.  (AP Photo/Evan Vucci)

TransCanada submits new route for oil pipeline

The company planning the disputed Keystone XL oil pipeline has proposed a new route through Nebraska that avoids the state’s environmentally sensitive Sandhills region.  More »
Fire boat response crews spray water on the blazing remnants of the Deepwater Horizon offshore oil rig. (AP Photo/US Coast Guard, File)

BP and plaintiffs finalize class-action settlement for court approval

A final settlement between BP and thousands of individual plaintiffs is edging closer, as the parties asked a federal judge to approve a proposed class-action deal benefiting people damaged economically by the 2010 spill of oil from BP’s Macondo well.  More »
The LNG carrier, a tank ship designed for transporting liquefied natural gas, is towed into port. (Lex Van Lieshout, Getty Images)

Northwest Ore. LNG plant gets new life in exports

A proposed natural gas terminal on Oregon’s north coast originally designed for imports has been recast as an export facility.  More »
ExxonMobil CEO Rex Tillerson (left) talks to Russian Prime Minister Vladimir Putin during a  signing ceremony in Russia in 2011. (AP photo/RIA Novosti, Alexei Druzhinin, pool)

Exxon, Rosneft eye $500 billion joint investment in oil

ExxonMobil and Russian oil giant Rosneft could invest over $500 billion in a joint venture to explore for and produce oil in the Arctic and the Black Sea, the companies announced on Wednesday.  More »
(AP Photo/Mike Groll, File) As Denton considers fracking ban, the state's oil and gas regulator weighs in, calling the attempt "extremely misguided."

EPA gives industry breathing room on anti-pollution rule

Giving into energy industry demands, the federal government is set to announce today that it will give companies extra time to install new equipment to capture pollution from natural gas drilling and hydraulic fracturing operations nationwide.  More »
Demonstrators march with a replica of a pipeline during a protest of Keystone XL at the White House on Sunday, Nov. 6.  (AP Photo/Evan Vucci)

Deja vu? Republicans push another plan to force Keystone XL approval

Republicans revived a plan to force the Obama administration to permit construction of the Keystone XL pipeline by tying approval of the controversial project to a bill that would extend federal high way funding for 90 days.  More »
Halliburton sign on a machine (AP Photo/David Zalubowski, File)

Halliburton 1Q income rises 23 pct

Halliburton Co. says its first-quarter profit increased 22.7 percent as the oil industry aggressively searched for new oil fields in North America.  More »
A worker replaces a hose after refueling a Boeing 777 plane. (AP Photo / David J. Phillip)

Delta clear favorite for idle Pennsylvania refinery, analysts say

Delta Air Lines has emerged as a clear favorite to buy an idled ConocoPhillips refinery in Pennsylvania in an effort to satisfy its growing need for jet fuel, according to media reports.  More »
People fill the tanks of their vehicules at an YPF station in Buenos Aires, Argentina,  Thursday, April 12, 2012. Spanish Industry Minister Jose Manuel Soria  has warned that the government will interpret any "hostile gestures" against Spanish companies abroad as an act of aggression, in an apparent reference to a conflict with Argentina over an oil company controlled by Spain's Repsol. YPF,  which is 57 per cent owned by Repsol,  has rejected Argentine government pressure to plough some of its profits back into the South American country.(AP Photo/Natacha Pisarenko)

Argentina rejects Repsol’s $10.5 billion claim for YPF

Argentina rejected Repsol YPF SA (REP)’s demand for $10.5 billion in compensation after President Cristina Fernandez de Kirchner seized its YPF SA (YPF) unit, saying it hasn’t invested enough in the South American country.  More »
A Devon Energy flex-drilling rig in the Barnett Shale (Kevin Fujii/Houston Chronicle file photo)

Drillers say costs manageable from pending gas emissions rule

An Obama administration plan to cut air pollution from natural-gas wells that was delayed after a flurry of last-minute comments won’t slow the gas boom sweeping the U.S., some drillers and industry analysts said.  More »