Lee Tillman, of Marathon Oil Company, delivers remarks in  the Unconventional Impact Pane during the Offshore Technology Conference at NRG Park on May 5, 2014, in Houston, Tx. (Mayra Beltran/Houston Chronicle)

Marathon Oil to shed 200 jobs, restructure upstream business

The move shuffles Houston-based Marathon’s Bakken Shale, Eagle Ford Shale and Oklahoma assets into one division.
John McNabb, current CEO and chairman of the Willbros Group, pictured in 2008. (BILLY SMITH II/CHRONICLE)

Struggling Willbros Group names new CEO and chairman

Willbros Chairman and CEO John McNabb, 71, is stepping down Dec. 1, but remaining on the board until mid-2016.
Part of a heat recovery steam generator at Calpine Corp.'s power generation plant in Deer Park, Texas, is pictured on Thursday, February 26, 2004. Calpine, which produces power in 21 U.S. states, had fourth-quarter profit of $119.6 million as it benefited from an accounting rule change. Photographer: F. Carter Smith/Bloomberg News

Austin Energy, PG&E join Calpine in court motion supporting Clean Power Plan

Houston-based Calpine, Austin Energy, PG&E, Seattle City Light and London-based National Grid, which has a sizable U.S. presence, all filed the court motion together.

TCAP Commentary: 6 Key Questions about Massive Utility Sale

The REIT structure has been proposed as a method for the utility to reduce its federal tax payments. Oncor’s ratepayers should expect a fair share of that tax savings in the form of discounted rates.
(l-r) Daniel Yergin Vice Chairman, of the IHS CERAWeek Conference talks with Rex Tillerson Chairman & CEO  ExxonMobil during the opening keynote address for IHS Energy CERAWeek Tuesday April 21, 2015 at the Hilton Americas-Houston. (Billy Smith II / Houston Chronicle)

New York attorney general probing Exxon Mobil as climate change scandal intensifies

Attorney General Eric T. Schneiderman has subpoenaed documents from Exxon Mobil following reports the oil giant funded — and then suppressed — research exposing the risks of climate change decades ago.
Power generator Calpine, headquartered in downtown Houston, supports new federal rules on carbon emissions. (Chronicle photo)

Calpine will support new CO2 rules Texas is challenging in court

Power plant operator Calpine will file court papers in support of emissions rules that the state of Texas has sued to stop.
A rig works in the Barnett Shale. (Enervest)

EnerVest Ltd. to spend $1 billion on producing assets in Va., South Texas

Houston oil and gas producer EnerVest Ltd. has agreed to purchase two assets in Virginia and South Texas for $1 billion, expanding the private company’s portfolio at a time when others are shrinking their footprint and shedding acreage to raise much-needed cash.
A gallon of regular averaged  $2.21 nationwide Wednesday, the cheapest  heading into the holidays since 2008, and analysts say the national average may drop below $2 by the end of the year. (AP Photo/Gene J. Puskar)

We’re driving more miles, paying less for gasoline

Regular gasoline averaged $1.92 a gallon in Houston on Wednesday.
Jeremy Thigpen

Transocean’s adjusted earnings fall 10 percent amid waning interest in offshore projects

Transocean’s adjusted net income slipped 10 percent in the third quarter as diminishing interest in offshore drilling led to a lower utilization of the offshore drilller’s fleet.
Categories: General

Obama’s State Department rejects request to halt Keystone XL review

Although the move stopped short of a final decision on the $8 billion project, it was seen as paving the way for an eventual rejection of the proposed pipeline.