A man takes in pictures the A. P. Moller-Maersk Group Eugen Maersk ship, the world?s largest 397 m long container vessel, on February 20, 2008 in the French harbor of Le Havre, western France. AFP PHOTO ROBERT FRANCOIS (Photo credit should read ROBERT FRANCOIS/AFP/Getty Images)

APM Terminals to close operations, cut more than 100 port jobs near Houston

In a letter to the Texas Workforce Commission, Scott Reiss, head of human resources for APM Terminals in the U.S., said the company is permanently shutting down its operations at East Barbours Cut Boulevard by July 24 and eliminating 109 jobs in the process.
Logo of Houston-based independent oil and gas company Harvest Natural Resources Inc.

Embattled Houston energy company gets financial lifeline, new partnership

Harvest, a Houston-based company that focuses on exploration in Venezuela and elsewhere, is giving up three of its seven board seats and nearly half of the company to CT Energy in exchange for at least $32.2 million in proceeds and a long-term strategic partnership.

Southern Ute tribe challenges new federal fracking law

The rule, which is set to go into effect Wednesday, also is the subject of lawsuits filed earlier this month, including a joint suit by the states of Colorado, Wyoming and North Dakota, as well as another filed by the Western Energy Alliance and Independent Petroleum Producers on behalf of 46 trade associations and royalty-owners groups.
Shoreline Cleanup Assessment Technique team members, left, evaluate oil coverage as a hand crew worker scraps areas affected by an oil spill at Refugio State Beach, north of Goleta, Calif., on Wednesday, June 10, 2015.  (AP Photo/Damian Dovarganes)

Workers clean up oil spill on California beaches by hand

The painstaking task at Refugio State Beach marks a new front in the cleanup after an underground pipeline leaked last month.
An artist rendering of Cheniere Energy's proposed LNG export terminal in Corpus Christi.

Kinder Morgan LNG export project applies for FERC approval

Kinder Morgan is seeking Federal Energy Regulatory Commission to build the $8 billion LNG export project near Pascagoula, Mississippi. The applicants are seeking FERC approval no later than June 17, 2016.
Brazilian Marcelo Odebrecht, president of Odebrecht construction company, which is related to the construction of infrastructure for the Olympic Games Rio 2016, delivers a speech during a conference in the framework of the "Mexico Business Summit" in Queretaro, Mexico, on November 12, 2012. Odebrecht was arrested on charges related to Brazilian state-owned oil company Petrobras corruption scandal on June 19, 2015. (RONALDO SCHEMIDT/AFP/Getty Images)

Top Brazil conglomerate CEOs detained in Petrobras scandal

The Odebrecht and Andrade Gutierrez conglomerates include two of Latin America’s largest building companies. Petrobras has said it was hoodwinked by a few of its employees who allegedly took bribes from a cartel of construction companies and shared the proceeds with politicians.
Ali al-Naimi, Saudi Arabia's petroleum minister, gestures as he speaks during a panel discussion at the Business Climate Summit in Paris, France, on Thursday, May 21, 2015.  (Jasper Juinen/Bloomberg)

World’s two largest oil producers meeting to form cooperation pact

Saudi Arabia’s oil minister will meet his Russian counterpart in St. Petersburg to discuss energy, after which the world’s two biggest crude exporters plan on signing a cooperation pact.
(AP Photo/Chris Carlson)

NRG spinoff buys into giant California solar farm

A spinoff of NRG Energy is buying 25 percent interest in the massive new Desert Sunlight Solar Farm in southern California for $285 million.
(Photographer: Ty Wright/Bloomberg)

Rising gasoline supply is weighing down crude

Crude oil futures swung between a gain and a loss Wednesday to settle at about even, after weekly inventory data showed a small build in gasoline inventories.
(Ty Wright/Bloomberg)

Willbros continues to sell off business units after spate of investor activism

The move comes after Willbros last week agreed to annual elections for everyone on its board of directors instead of the current system of staggered, three-year terms. Investor groups contended that more accountability is needed to move past allegations of mismanagement and entrenched cronyism.