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Carl Icahn (Mark Lennihan/AP)

Transocean purchases cost shareholders billions, Icahn says

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Transocean Ltd. (RIG)’s management “destroyed approximately $11 billion of shareholder value” by buying Global Santa Fe and Aker, billionaire investor Carl Icahn said.
Man walks by solar panels in China (AP photo)

Japan to become largest solar market after China

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Japan will probably become the largest solar market in the world after China this year, boosted by an incentive program that offers above-market rates for energy from renewable sources, according to a Bloomberg New Energy Finance said in a research note.
Categories: Asia, Solar
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T. Boone Pickens (Photo: Associated Press)

Pickens says energy boom defies ‘incompetent’ Washington

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America is on a path to energy independence without any help from Washington, according to billionaire investor T. Boone Pickens.
(Øyvind Hagen/Statoil ASA)

Norway’s oil future seen with ice-free arctic’s barrels

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In the wake of plummeting oil output, Norway, western Europe’s biggest petroleum producer, may have found its new money spigot: an ice-free expanse of the Arctic Ocean known as the Barents Sea.
Categories: Arctic, Crude oil, Offshore
(Bill Montgomery/Houston Chronicle)

TXU spared tax liability on $23 billion by IRS ruling

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Energy Future Holdings Corp., the Texas power company taken private six years ago in the largest leveraged buyout, won’t have to pay a potential tax liability on $23 billion when transferring ownership of some of its units, according to a decision by the U.S. Internal Revenue Service.
A contractor closes a valve on a tanker truck at a Range Resources hydraulic fracturing operation in Pennsylvania. (AP Photo/Keith Srakocic)

Range Resources frack suit should be reheard, court says

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Range Resources Corp. (RRC)’s lawsuit against Texas landowners who accused it of fouling their water by hydraulic fracturing should go back to the trial court, a state appeals court said after the judge who originally let the case proceed stepped down from the bench.
(Photo: Newfield)

Newfield has ‘largest’ success in gas discovery off Malaysia

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Newfield Exploration Co. (NFX), the U.S. oil producer exploring the sale of offshore assets, had what it called the “largest conventional exploratory success” in its history with a natural gas discovery off the coast of Malaysia.
Categories: Natural gas, Offshore
(HerryLawford/Flickr)

Canada seen beating U.S. in $150 billion Asia LNG race

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Canada is pulling ahead of the U.S. in the contest to be the first exporter of liquefied natural gas from the North American shale bonanza to Asia’s $150 billion LNG market.
Categories: LNG, Natural gas
Power lines and pump jacks dot the horizon in the Permian Basin just west of Midland, Texas.

Kinder Morgan considers pipeline to California

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The Freedom pipeline may be in service in 2016.
Categories: Pipelines
Jose Balderas, Kinder-Morgan operations manager for the Yates field, checks one of the Co2 injection well heads, that uses solar and wind energy to power the well head, Thursday, June 2, 2011, in Iraan. The Yates oil field is one of the oldest in Texas. The Yates field has been producing continuously since the 1920s. (Brett Coomer / Houston Chronicle)

FDR grandson digs deep for Texas oil with CO2

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Elliott Roosevelt Jr., a grandson of U.S. President Franklin Delano Roosevelt, grins and leans toward visitors in his Dallas office to describe his biggest discovery in 53 years as an oilman.