Liquefied natural gas sellers may face more competitive markets in Japan and South Korea, which together bought more than half of the world’s supply in 2013, after China signed a mega gas deal with Russia.
Energy Future Holdings Corp., the bankrupt Texas power provider, will restructure $40 billion in debt in a Delaware court, a federal judge ruled, rejecting a request by creditors to transfer the case to Dallas, where the company is based.
TransCanada Corp. is considering ways to deliver Canadian crude oil by rail to the U.S. as customers of its proposed Keystone XL seek an alternative to the delayed pipeline, Chief Executive Officer Russ Girling said.
The Obama administration’s upcoming greenhouse gas rules are gaining acceptance from an unlikely quarter — power companies — and splitting the energy industry’s normally unified opposition to new limits.
Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, scrapped an agreement to buy a quarter of Israel’s largest natural gas field for as much as $2.6 billion after talks to complete the deal collapsed.
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