In this Aug. 29, 2015 photo provided by Egypt's state news agency MEAN, Eni CEO Claudio Descalzi, third left, and his delegation meet with Egyptian President Abdel-Fattah el-Sissi, center, and an Egyptian delegation, in Cairo, Egypt. (MEAN via AP)

Italy’s Eni finds ‘supergiant’ natural gas field off Egypt

The Italian energy company Eni SpA announced Sunday it has discovered a “supergiant” natural gas field off Egypt, describing it as the “largest-ever” found in the Mediterranean Sea.
Phillips 66 operates the Gulf Coast Fractionators facility in Mont Belvieu, Texas. (Phillips 66)

Berkshire discloses $4.5 billion stake in Phillips 66

Berkshire held almost 58 million shares after purchases this week, or more than 10 percent of the total outstanding, according to a regulatory filing issued Friday by Warren Buffett’s Omaha, Nebraska-based company.

This July 30, 2014 photo shows Margerie Glacier, one of many glaciers that make up Alaska's Glacier Bay National Park. With melting glaciers and rising seas as his backdrop, President Barack Obama will visit Alaska next week to press for urgent global action to combat climate change, even as he carefully calibrates his message in a state heavily dependent on oil. (AP Photo/Kathy Matheson)

In Alaska, Obama to walk fine line on climate change, energy

The unambiguous goal of the president’s trip is to use dramatic and alarming changes to Alaska’s climate to instill fresh urgency into his global warming agenda.
Over thirty oil drilling rigs idling in a Helmerich & Payne, Inc. yard along Groening Street in Odessa, Texas, in the Permian Basin on  May 18, 2015. (Courtney Sacco/Odessa American via AP)

Drillers added just one oil rig this week

The Baker Hughes rig count, considered a proxy for oil field activity, showed rigs drilling for oil increasing from 674 last week to 675 this week.
(Carla Gottgens/Bloomberg)

Commentary: Climate Industry’s Annual Meeting

Each year, the UN holds a major conference of about 200 nations to deal with the alleged threat from climate change. It has become the equivalent of the climate industry’s annual meeting. Attendance is in the thousands and not only includes UN officials and government representatives but special interests that make money off of the […]
Categories: General

Halcón Resources reduces debt but gets NYSE de-listing warning

The exploration and production company announced that it worked out a deal to reduce its long-term debt by $548 million after privately negotiating a deal with unnamed holders of its outstanding debt.
McDermott International has a $1.5 billion-plus contract with Saudia Arabia's national oil company. (AP file photo/John Moore)

McDermott CEO sees Saudi contract as step in turnaround

Offshore engineering company McDermott International has landed a $1.5 billion-plus lump sum contract with Saudi Aramco.

Commentary: Oncor to Change Owners? Two BIG Reasons Why It Matters

If Oncor raises rates, more than 3 million Texas customers feel it. If Oncor can’t serve those homes and businesses, there’s nowhere else for them to turn.
(Jordan Blum/Houston Chronicle)

Getting a glimpse of Exxon Mobil’s new campus

The complex resembles a modern college campus with plenty of landscaping, about 20 buildings, three large parking garages, a wellness center and more.
In this March 31, 2015 photo, a supply vessel crosses an oil sheen drifting from the site of the former Taylor Energy oil rig in the Gulf of Mexico, off the coast of Louisiana. The New Orleans-based company has downplayed the leak's environmental impact, likening it to scores of minor spills and natural seeps that the Gulf routinely absorbs. (AP Photo/Gerald Herbert)

Details on fight against decade-long Gulf oil spill to be released under court deal

Details about a chronic oil leak in the Gulf of Mexico will be disclosed as part of the settlement agreement between Taylor Energy and environmental groups.