U.S. Senator Ed Markey, D-Mass (SAUL LOEB/AFP/Getty Images)

US Sen. Markey faults feds on natural gas export decision

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The Massachusetts Democrat says the decision announced Friday will allow gas to be exported to Canada through the Maritimes and Northeast Pipeline where it will be exported overseas. The pipeline currently flows from Canada into New England.
Los Angeles residents wait in line outside a Southern California Gas Co. office set up to handle claims by people affected by a 15-week-old gas leak in the Proter Ranch neighborhood of Los Angeles Friday, Feb. 5, 2016. (AP Photo/Brian Melley)

As fix nears for gas leak, residents worry about return home

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With a possible end in sight to a massive 15-week gas leak, anxious residents displaced from a Los Angeles neighborhood are skeptical a fix is near and worry they may be forced to return too soon to unhealthy homes.

EPA Magic: Regulation by Illusion

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In response to the Supreme Court’s review of EPA’s mercury rule, the agency issued a supplementary notice indicating that “consideration of cost does not alter the agency’s previous conclusion that it is appropriate and necessary to regulate coal- and oil-fired electric utility steam generating units (EGUs) under section 112 of the Clean Air Act.” Essentially, […]
Categories: featured, General, p2
Linn Energy CFO Kolja Rockov (far left) and and then-Senior Vice President of Business Development David Rottino (far right) pictured with other Linn executives in front of the NASDAQ exchange in New York City in 2011. (Linn Energy handout)

Linn Energy considers filing for bankruptcy amid financial strain

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Linn, which borrowed billions of dollars to expand during the height of the shale oil boom, saw its stock value sink below $1 a unit for the first time in January.
Signage stands outside the Duke Energy Corp. Gallagher Station power plant in New Albany, Indiana, U.S., on Monday, July 27, 2015. Coal reclaimed its ranking as the top fuel for generating electricity at U.S. power plants in May, beating natural gas, which took the number one spot for the first time in April. Photographer: Luke Sharrett/Bloomberg

Duke Energy puts Houston-based international business up for sale

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North Carolina-based Duke, which is the nation’s top power generator, currently runs its Central and South American power plants from Houston.
(Jeff Kowalsky/Bloomberg News)

Marathon Petroleum profits dip more than 75 percent

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The Pennsylvania-based refining and pipeline company reported a $168 million net income gain for the final three months of the year, down from $805 million.
Equipment is housed at National Oilwell Varco's distribution center in La Porte, Texas. (NOV)

NOV records $1.5 billion net loss for the fourth quarter

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The oilfield equipment and services giant saw its revenues drop 60 percent in the quarter, but NOV also recorded $1.63 billion in pre-tax impairment charges.
dollar falling graph

S&P takes aim at energy companies

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The ratings actions are an acknowledgment that $30 oil could shake the foundations of even oil and gas’ largest companies.
LyondellBasell CEO Bob Patel poses for a portrait at the LyondellBasell Channelview Chemical Company plant Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

LyondellBasell’s revenues dip by 31 percent, but earnings stay steady

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LyondellBasell is planning to spend up to $4 billion in capital through 2020 along the Gulf Coast, mostly in Texas.
Flags fly outside Dow Chemical Co. headquarters in Midland, Michigan, U.S., on Wednesday, Dec. 9, 2015. Dow Chemical Co. and DuPont Co., two historic giants of American industry, are considering a merger that would ultimately dismantle both along lines proposed by activist investors over the past two years. Photographer: Jeff Kowalsky/Bloomberg

Dow reports increased income, job cuts as DuPont merger looms

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Dow, the largest employer in Brazoria County, is planning to merge into the newly formed DowDuPont by the end of the year.