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Associated Press

A very large smokestack flare burns off flammable product after an explosion in a processing facility at the ExxonMobil refinery in Torrance, Calif. on Wednesday, Feb. 18, 2015. A small ground fire was quickly extinguished and the facility's flare system was triggered for safety reasons. Two workers suffered minor injuries. (AP Photo/Daily Breeze, Chuck Bennett)

Exxon refinery unit in California down for maintenance before fire

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The Oil Price Information Service, which tracks the oil industry, said Thursday the unit was down for two days after problems with a recently repaired component within it.
(Cody Duty / Houston Chronicle)

TransCanada to seek U.S. approval for $600 million Upland Pipeline

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TransCanada Corp.’s proposed $600 million Upland Pipeline would begin near the northwestern North Dakota oil hub of Williston and go north into Canada about 200 miles.
In this Feb. 5, 2014 file photo, Amy Adams, North Carolina campaign coordinator with Appalachian Voices, shows her hand covered with wet coal ash from the Dan River swirling in the background as state and federal environmental officials continued their investigations of a spill of coal ash into the river in Danville, Va. (AP Photo/Gerry Broome, File)

Duke Energy says it expects to settle criminal probe for $100 million

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The company reported profits of $1.88 billion for 2014, or $2.66 per share. Revenue was reported at about $23.9 billion.
(RJ Sangosti/The Denver Post via Getty Images)

Dutch authorities put gas revenues ahead of safety, report says following earthquakes

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The Dutch Safety Board reached the conclusion in a report prompted by dozens of small but damaging earthquakes caused by gas drilling that have rocked the northern province of Groningen for years, causing structural damage to thousands of buildings.
(Screengrab, Youtube)

Video: Blast hits Exxon Mobil refinery in Southern California

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Deuel says a small ground fire was quickly extinguished. He says the flare system was triggered for safety reasons.
Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug. 30, 2013. (Susana Gonzalez/Bloomberg)

Mexico puts some deep-water oil on hold amid crude’s slide

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Petroleos Mexicanos director Emilio Lozoya says deep-water projects that have not already begun will be delayed.
Warren Buffett -- chairman, president & CEO of Berkshire Hathaway -- gestures during a 2013  interview.  (AP Photo/Nati Harnik, File)

Warren Buffett’s firm sells Exxon Mobil shares

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Berkshire Hathaway increased its holdings in Suncor Energy and Phillips 66 among other companies.
Categories: Deals, Finance/Earnings
Former Chesapeake CEO Aubrey McClendon (Gary Fountain/Houston Chronicle)

Chesapeake Energy sues founder, former CEO McClendon

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The lawsuit alleges McClendon took “confidential information and trade secrets from Chesapeake.”
MEXICAN ARMY GUARDS PEMEX INSTALATIONS AND REFINERIES

To combat fuel theft, Pemex reduces gasoline and diesel pipeline shipments

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Pemex reported 3,600 illegal fuel taps on pipelines last year, a 66 percent increase from the 2,167 a year earlier, costing the company an estimated $792 million.
(Ty Wright/Bloomberg file)

Court upholds Ohio’s power to regulate drilling

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The decision came in a case brought by the Akron suburb of Munroe Falls against Beck Energy Corp. over a state law that gives Ohio “sole and exclusive authority” to regulate the location of wells.