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News & Updates

May 22, 2012 Investors wary as Chesapeake's finances deteriorate

Source: MSN.com

Chesapeake Energy (CHK +3.83%) was hoping to be saved by asset sales as its core natural gas business performed dismally on account of falling prices. But that didn't happen. In fact, the company recently disclosed that it will...

May 22, 2012 Gregory Jaczko, chief of Nuclear Regulatory Commission, resigns

Source: Washington Post

The nation’s chief of nuclear safety announced his resignation Monday after a three-year tenure marked by debates over regulatory guidelines, praise for the U.S. response to the Japanese nuclear disaster and complaints that he...

May 21, 2012 For NY farmers, fracking means salvation -- or ruin

Source: BusinessWeek

When Dan Fitzsimmons looks across the Susquehanna River and sees the flares of Pennsylvania gas wells, he thinks bitterly of the riches beneath his own land locked up by the heated debate that has kept hydraulic fracturing, or...

May 21, 2012 SK Energy to stop Iran oil imports from July: sources

Source: Reuters

South Korea's largest oil refiner SK Energy (096770.KS) will stop Iranian crude imports after a European Union insurance ban takes effect on July 1, two sources said, effectively making it the first of Tehran's major Asian oil...

May 21, 2012 Can cheap shale gas revive U.S. manufacturing'

Source: Washington Post

It's hard to think of an extravagant prediction that hasn’t been made about America’s recent natural-gas boom. Let’s see: Cheap natural gas will wipe out coal. It will make the U.S. energy independent. And, oh...

May 21, 2012 How Iran could double its oil output

Source: CNN Money

NEW YORK -- As Iran continues to grapple with the West over its nuclear ambitions, experts say the nation could double its already sizable oil output if sanctions were lifted to allow foreign investment into its oil industry.

May 21, 2012 U.S. Gasoline Falls to $3.78 a Gallon, Lundberg Survey Shows

Source: Bloomberg

The average price for regular gasoline at U.S. filling stations fell 6.19 cents in the past two weeks to $3.7833 a gallon, according to Lundberg Survey Inc. The survey covers the two-week period ended May 18 and is based on...

May 21, 2012 Exclusive: Repsol comes up dry in Cuba offshore well

Source: Reuters

Spanish oil company Repsol said on Friday that the first well in an oil exploration project in Cuban waters has come up dry, delivering bad news to the communist island striving for economic strength and energy independence.

May 19, 2012 Chesapeake Energy to Cut Directors’ Pay

Source: NY Times

The natural gas and oil producer Chesapeake Energy said that it would cut the pay of outside directors on its board by 20 percent and eliminate their use of company aircraft. The company said it was making the moves after...

May 19, 2012 Saudi Gulf union plan stumbles as wary leaders seek detail

Source: Reuters

Saudi Arabia's thrust for a Gulf Union, driven by fear of Arab Spring contagion and spreading Iranian influence, has stumbled on misgivings among smaller neighbors about a loss of sovereignty and increasing domination by...

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