Chris Finlayson, CEO of BG Group, speaks during the IHS CERAWeek conference at Hilton Americas - Houston Wednesday, March 5, 2014, in Houston. ( Melissa Phillip / Houston Chronicle )

BG profit beats estimates as record output shows appeal to Shell

BG, the U.K.’s third-biggest oil company, raised its 2015 production forecast to the upper range of its guidance.
(AP Photo/Paul Sakuma)

Calpine reports 86 percent net income dip

Houston-based Calpine Corp. saw its net income plummet by 86 percent in the second quarter of the year, although the company reported an adjusted profit after accounting for power plant sales and more.
(Eddie Seal, Bloomberg News)

Goodrich Petroleum sells Eagle Ford land

Goodrich Petroleum Corp. said Monday it would sell nearly half of its Eagle Ford leases in a $118 million deal.
(Johnny Hanson/Houston Chronicle file photo)

Halliburton, Baker cut workforces deeper, bringing layoffs to 27,000

Halliburton has cut nearly 14,000 jobs and Baker Hughes has laid off 13,000 employees since they began trimming their headcounts last year to cope with the oil-market crash, officials said Monday.
In this Wednesday, April 8, 2015 file photo, Ben van Beurden, CEO of Royal Dutch Shell, left, shakes hands with the Chairman BG group Andrew Gould during a press conference to announce Royal Dutch Shell has agreed to buy British Gas, in London. The current wave of corporate takeovers and mergers is set to grow as the appetite for deals among global executives hits a five-year high amid a strong dollar and low oil prices, a survey found Monday April 13, 2015. (AP Photo/Alastair Grant, File)

Deal making down sharply in second quarter

A total of 137 deals were announced between April 1 and June 30, the lowest number since the fourth quarter of 2008, according to the U.S. Energy Information Administration.
FILE - In this Sept. 22, 2014 file photo, Energy Secretary Ernest Moniz speaks  during the general conference of the International Atomic Energy Agency, IAEA, at the International Center in Vienna, Austria.  Moniz, the eccentric MIT professor-turned-U.S. Energy secretary, by all accounts played a pivotal role in reaching the historic nuclear accord. Now with his diplomatic legacy on the line, President Barack Obama is turning to Moniz to help sell the deal to a highly skeptical Congress.  (AP Photo/Ronald Zak, File)

Obama’s unlikely Iran deal MVP: Energy Secretary Moniz

Ernest Moniz, the eccentric MIT professor-turned-U.S.-Energy-secretary, by all accounts played a pivotal role in reaching the historic nuclear accord.
(AP Photo/Paul Sakuma)

Calpine to acquire Champion Energy for $240 million

Calpine, one of the nation’s top power generators, will acquire Houston-based Champion and its 180 employees, all of whom will make the switch. Champion has 2.5 million residential customers, many in Texas, and 18,000 commercial and industrial customers.
(Jason Alden/Bloomberg)

Entergy Texas pulls out of power station purchase

New Orleans-based Entergy Corp. will still proceed with its $948 million acquisition of the Union Power Station near El Dorado, Arkansas, but the Entergy Texas subsidiary no longer will pay the $237 million to buy one of the four, 495-megawatt generating units at the natural gas-fired plant. Florida-based Entegra Power Group is selling the plant.
Genesis Energy operates this crude oil pipeline in Texas City. (J. Patric Schneider/For the Chronicle)

Energy Transfer signs agreement, enters into Williams bidding process

The agreement is another step forward for talks between the two major midstream players, which Energy Transfer had hinted it may take hostile as recently as last week.
(Ken Childress/Rosetta Resources)

Rosetta boosts output as board approves merger with Noble

Rosetta Resources extracted more petroleum than expected in the second quarter, adding to analysts optimism that the company’s assets remain a good buy.