TCAP Commentary: Big Utility Deal Raises More Questions

A consortium of investors led by Dallas billionaire Ray L. Hunt wants to acquire Oncor. Is the deal in the public interest? It’s now up to the Texas Public Utility Commission to decide.
(James Nielsen/Houston Chronicle)

Halliburton will do whatever’s needed for Baker, ValueAct says

The activist fund said in a letter to its investors that after discussions with the two oil field services companies, it’s confident the deal is on track and will close.
Categories: Oil field services
( Brett Coomer / Houston Chronicle )

NRG sells Illinois gas-fired plant as generator shifts strategy

The deal comes as the Houston-based power generator seeks to streamline its operations and pay down debt.
Categories: Electricity, Natural gas
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake investors seen signaling surrender as bonds plunge

Chesapeake is making investors worry about its ability to pay back borrowings that are three times the current worth of its oil and natural gas fields.
Kurt Mix arrives at the Hale Boggs Federal Building in New Orleans in December 2013. (AP Photo/Jonathan Bachman)

Change-of-plea hearing set for ex-BP engineer

Kurt Mix has spent more than three years fighting charges that he obstructed an investigation by deleting text messages about the amount of oil from the Deepwater Horizon rig.
Categories: Gulf oil spill
Alaska Gov. Bill Walker (AP Photo/Mark Thiessen, File)

Alaska OKs buying out TransCanada’s interest in gas project

The liquefied natural gas project would be one of the largest of its kind, with an 800-mile pipeline, a gas treatment plant and transmission lines connecting to gas fields, and a liquefaction plant and export terminal.
Categories: Arctic, Canada, LNG
Current, as GE calls the new business, will increase annual sales to about $5 billion in five years from its start at $1 billion. (AP Photo/Tony Dejak, file)

GE splits lighting business to form LED unit

CEO Jeff Immelt is focusing on building up the manufacturing units, which make products ranging from jet engines to oi field equipment, and shrinking the GE Capital lending arm.
Categories: Electricity
An image provided by the U.S. Fish and Wildlife Service shows a male greater sage grouse near Bridgeport, Calif., in 2010. (Jeannie Stafford/U.S. Fish and Wildlife Service via The New York Times)

Lawsuit challenges limits on industry that aim to save bird

The case appears to be the first challenge to the Interior Department’s declaration this week that it can protect the greater sage grouse without hobbling the region’s economy.
Categories: Environment
Jed Hamilton and Kevin Harun take part in the University of Houston 2015-2016 Energy Symposium.  (Craig H. Hartley/For the Chronicle)

Exxon Mobil official promotes Arctic exploration

“If the U.S. stands in the background, Russia will move forward, and things won’t be as good as they could be if the U.S. had a seat at the table in the Arctic,” said Jed Hamilton, senior Arctic consultant at Exxon Mobil Upstream Research Company.
The EPA heard radically different views as it opened public hearings in Denver on its proposal to slash allowable methane emissions from oil and gas production. (Lucas Schifres/Bloomberg)

EPA hears widely different views on methane threat

Imposing tough restrictions could raise the industry’s costs so much that the price of natural gas would rise, pushing energy users to use dirtier fuels, an energy official said.
Categories: Environment, Natural gas