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The Petrochina Co. logo is displayed at one of the company's gas stations in Hong Kong, China, on Thursday, March 19, 2015. Petrochina, the listed arm of China's biggest oil and gas producer China National Petroleum Corp. (CNPC), is scheduled to report full-year earnings on March 25. Photographer: Billy H.C. Kwok/Bloomberg

PetroChina in $2.4 billion asset sale as parent target nears

Beijing-based PetroChina’s board approved a plan to sell a 50 percent stake in Trans-Asia Gas Pipeline Co. to a unit of state-owned China Reform Holdings Corp.
Wind turbines stand in this aerial photograph taken above the Haengwon Wind Farm in Jeju, South Korea, on Sunday, June 28, 2015. South Korea’s 15 trillion won ($13.3 billion) extra budget will channel money to the medical and tourism sectors as the Park administration seeks to cushion the impact of a deadly respiratory disease. Photographer: SeongJoon Cho/Bloomberg

GE launches new renewable energy business

The new business unit is heavily focused on wind power and turbine manufacturing.
Badar Khan, President & CEO, Direct Energy, speaks at the 2014 IHS CERAWeek conference in Houston, Texas, U.S., on Thursday, March 6, 2014. (F. Carter Smith/Bloomberg)

Direct Energy buys Panoramic Power energy management company

The $60 million deal will help boost Direct’s offering to help businesses and industrial plants better manage and monitor their energy usage.
(Jeff Kowalsky/Bloomberg News)

Marathon Petroleum offers sweetener in pending MarkWest acquisition

Marathon Petroleum Corp. has upped the cash offer by $400 million in its pending, multibillion-dollar acquisition of Denver-based MarkWest Energy Partners. Marathon was prompted to offer the cash sweetener on Wednesday after watching the stock values for both MarkWest and its MPLX pipeline spinoff, the acquiring company on the deal, fall dramatically since July. In that time, the total […]
John Christmann IV, chief executive officer of Apache Corp., speaks during an interview at the company's headquarters in Houston, Texas, U.S., on Tuesday, June 9, 2015. (Aaron M. Sprecher/Bloomberg)

Apache shares surge on report of interested buyer

Apache Corp. shares climbed as much as 13 percent on Monday.
In this April 15, 2009, file photo, an unidentified worker passes a truck owned by Halliburton at a remote site for natural-gas producer Williams in Rulison, Colo. Halliburton is buying rival oilfield services company Baker Hughes in a cash-and-stock deal worth $34.6 billion. The deal comes shortly after talks had stalled and Halliburton prepared to go hostile with its takeover bid. (AP Photo/David Zalubowski, File)

Halliburton to take on $7.5 billion in debt for Baker Hughes deal

Should the deal fall through, Halliburton plans to use the proceeds from the notes to pay for general corporate purposes.
Joe Bob Perkins, CEO of Targa Resources, photographed in his office, Friday, May 30, 2014, in Houston.  ( Karen Warren / Houston Chronicle  )

Targa Resources companies combine in $6.7 billion deal

The deal will have Targa Resource Corp. purchase the company it indirectly controls, Targa Resources Partners.
(Photo: Woodside Petroleum)

Oil Search rejects Woodside’s $8 billion offer

Woodside’s bid of one share for every four Oil Search shares, which implied a 14 percent premium, was too low to win investors’ support.
(AP Photo/Matthew Brown, File)

Nearly $8 billion deal to create second largest U.S. utility company

The combined business will include 11 regulated electric and natural gas distribution companies, serving approximately 9 million customers.
(AP Photo/Paul Sakuma)

Calpine to acquire Champion Energy for $240 million

Calpine, one of the nation’s top power generators, will acquire Houston-based Champion and its 180 employees, all of whom will make the switch. Champion has 2.5 million residential customers, many in Texas, and 18,000 commercial and industrial customers.