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(AP Photo/Reed Saxon)

Occidental quarterly profit up as breakup plan advances

Occidental plans to separate its California business to form a new company called California Resources Corp. by early next year. The rest of the company will be based in Houston, keeping the Occidental name.
Opponents of the Keystone XL pipeline rally on the National Mall in Washington. (Pete Marovich/Boomberg)

Senators falling short on votes to force Keystone approval

Keystone XL supporters are falling short in their efforts to round up the Democratic votes in the Senate to bypass the White House and approve the Canada-to-U.S. oil pipeline.
Enterprise Products Partners liquids storage facilities in Mont Belvieu, Texas. (Enterprise Products Partners)

Enterprise Products profit rises on shale demand

Enterprise Products Partners LP, the biggest U.S. pipeline operator by market value, said first- quarter profit rose 6 percent as the U.S. shale drilling boom boosted demand for fuel transport.
Vladimir Putin, Russia's president. (Andrey Rudakov/Bloomberg)

Putin says sanctions jeopardize US, EU energy deals

Russian President Vladimir Putin warned that further economic sanctions over the Ukraine crisis may lead Russia to reconsider participation by U.S. and European Union companies in energy and other key industries.
Power lines, owned by Energy Future Holdings, near the Lake Hubbard Power Plant near Dallas. (Allison V. Smith/The New York Times)

Energy Future bankruptcy opens with battle over venue

Before Energy Future Holdings Corp. can start fighting junior creditors opposed to the company’s more-than $40 billion bankruptcy plan, the judge overseeing the case must pick the battleground.
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. (Photo: Andrew Harrer/Bloomberg)

Buffett brand spreads as MidAmerican takes Berkshire name

MidAmerican Energy Holdings Co. has changed its name to Berkshire Hathaway Energy, linking its brand with that of the parent company led by billionaire investor Warren Buffett.
A crane stands next to Petroleos Mexicanos (Pemex) signage displayed on the company's La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug.30, 2013.  (Susana Gonzalez/Bloomberg)

Pemex reports sixth straight quarterly loss as output falls

Petroleos Mexicanos posted a sixth consecutive quarterly loss as production at the country’s state oil monopoly fell to an almost 19-year low.
Satellite view of the Ob and Yenisei rivers as they carry sediments into the Kara Sea. (Stocktrek/Getty Images)

Exxon’s $900B Arctic prize at risk after Ukraine

Exxon Mobil Corp.’s dream of drilling in the Russian Arctic may risk running aground on the politics of Ukraine.

Texas power company files for bankruptcy

Tuesday’s filing in Delaware is the result of months of wrangling among creditors, owners and management, and represents the failure of a bet that natural-gas prices would rise enough to justify the $48 billion price.
OAO Rosneft Chief Executive Officer Igor Sechin (Meridith Kohut/Bloomberg)

Rosneft retreats to 10-month low as US sanctions CEO (video)

OAO Rosneft, the world’s largest publicly traded oil producer, fell to the lowest level in 10 months in Moscow after the U.S. included Chief Executive Officer Igor Sechin in a sanctions list.
Categories: Politics/Policy