Technip’s purchase of key process technology will give it a chance to pursue new opportunities in the U.S., its CEO says. It also will gain 500 employees in Houston.  More »

Technip plans to buy Shaw Group’s energy and chemicals business for roughly $300 million, it announced today.  More »

Businesses are reducing their energy consumption up to 25 percent in response to the recession, according to a Deloitte & Touche survey released today.  More »

Chesapeake Energy faces a $3.9 billion shortfall between cash it expects to raise for the rest of the year and what it needs for new drilling and debt, according to a Chronicle analysis.  More »

Moody’s is maintaining its negative outlook on Chesapeake Energy, despite an announcement late Friday of a $3 billion unsecured loan that the company will use to pay down its $4 billion revolving credit facility. Standard & Poor’s also is lowering Chesapeake Energy’s credit rating even further and company shares are down more than 5 percent.  More »

A $3 billion loan late Friday and assurances from Chesapeake Energy Corp. executives Monday morning did little to assuage concerns by analysts and investors about the embattled natural gas company’s finances.  More »

Analysts sounded skeptical at a Monday morning analyst call, weighing Chesapeake Energy’s explanation of how it will resolve looming liquidity issues against their own judgment.  More »

Chesapeake Energy told investors this morning that planned asset sales of $9.5 billion and a $3 billion unsecured loan leave it with sufficient cash flows, as it tried to dispel Friday’s concerns that it might be prevented from selling assets by other debt covenant requirements.  More »

Chesapeake Energy Corp.’s shares fell almost 14 percent Friday afternoon as the embattled natural gas producer said it may have to delay some asset sales as it fights to raise cash amid weak natural gas prices.  More »

Chesapeake CEO Aubrey McClendon received $108 million for his share in wells sold between the beginning of 2011 and the end of April 2012, the company disclosed in its 2012 proxy statement issued today.  More »

Chesapeake Energy Corp., already facing a Securities and Exchange Commission inquiry for loans its chief executive made against company assets, may also be carrying $1.4 billion in undisclosed liability.  More »

Some offshore drillers are adding spare blowout preventers so one can protect their wells while the second is down for maintenance or inspection.  More »