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Bloomberg

J. Michael Yeager. (Billy Smith II/ Houston Chronicle)

BHP names Cutt to succeed Yeager as petroleum unit president

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BHP Billiton Ltd., the world’s largest mining company, named diamond unit president Tim Cutt to succeed the retiring Michael Yeager as head of its petroleum division as part of a senior management shakeup.
Crewmen lower a pipe for TransCanada's Keystone XL project into the ground in Wood County, Texas. (Cody Duty / Houston Chronicle)

Keystone fought by Nebraska landowners vowing to block

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Bob Allpress describes himself as a “redneck Republican.” Standing on the pasture behind his Nebraska home, the burly former Marine Corps sergeant with a Fu Manchu mustache explains what made him an environmental activist.
Categories: Keystone XL
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Chevron defies California on carbon emissions

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Chevron Corp. (CVX) helped write the first-in-the-nation rule ordering reduced carbon emissions from cars and trucks. Its biofuels chief spoke at the ceremony where California Governor Arnold Schwarzenegger signed the executive order in 2007, the same year the oil company pledged to develop a gasoline replacement from wood.
Categories: General
Carl Icahn (Mark Lennihan/AP)

Icahn asks Transocean board to clarify, support claims

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Billionaire investor Carl Icahn is asking Transocean Ltd.’s board to “clarify and support” its assertions that the company has produced above-average shareholder returns.
Categories: Finance/Earnings
Crewmen lower a pipe for TransCanada's Keystone XL project into the ground in Wood County, Texas. (Cody Duty / Houston Chronicle)

Route change forces Keystone foes to shift aim to climate change

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Opponents of the Keystone XL pipeline used to have a simple argument: the project would endanger Nebraska’s delicate Sand Hills region, a vast network of dunes and wetlands that have been designated a National Natural Landmark.
Categories: General
(Associated Press)

Energy as dirty as 20 years ago on slow climate effort, IEA says

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The level of carbon emitted in global energy supplies has barely changed in 20 years amid stalled efforts to curb pollution and increased coal use, the International Energy Agency said.
Categories: General
(Image: Fotolia)

Parker drilling settles US bribery probes for $16 Million

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Parker Drilling Co., a Houston- based oil services company, agreed to pay $15.9 million to settle U.S. allegations it tried to bribe a Nigerian government panel to reduce fines for violating the country’s customs laws.
Many of the Amish farms have shallow gas wells that have been on the property for decades, Jan. 28, 2013. Recent drilling targets deeper gas formations like the Marcellus and Utica shales. Energy companies are leasing land throughout Pennsylvania and Ohio where Amish families live. (AP Photo/Pittsburgh Post-Gazette, Andrew Rush)

Ohio’s $500 billion oil dream fades as Utica turns gassy

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U.S. drillers that set up rigs amid the rolling farmland of eastern Ohio on projections underground shale held $500 billion of oil are packing up and heading out of the Utica Shale, which isn’t living up to expectations set by top fields like the Eagle Ford in South Texas.
(Image: Fotolia)

Freeport LNG may get U.S. export approval in months

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Freeport LNG Development LP may get expanded approval from the U.S. Energy Department to export liquefied natural gas in the next quarter or two, the head of Baker Botts LLP’s LNG practice said.
Categories: LNG, Natural gas
Towers are assembled for power lines in Central Texas. A proposal to pay companies to build excess generating capability, through what is called a forward capacity market, has caused concern for consumers.

Energy Future issues opening salvo as KKR, TPG seek stake

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Energy Future Holdings Corp.’s pre- packaged bankruptcy proposal is the opening salvo in talks as KKR & Co. and TPG Capital LP, backers of the largest leveraged buyout, seek to salvage their failed utility takeover and force creditors to accept billions in losses.
Categories: Deals