Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash. More »
Oil gas equipment provider National Oilwell Varco’s profits increased nearly 17 percent in the second quarter, the first full quarter since CEO and president Clay Williams took the reins of the Houston-based company. More »
The 7,000 pages of emails between leaders at PG&E and California Public Utilities Commission President Michael Peevey and his staff were released as the result of a lawsuit filed by the city of San Bruno. More »
The U.S. Coast Guard on Sunday cleared an oil tanker carrying Kurdish crude to offload its cargo, potentially paving the way for an import that could complicate U.S. relations with Iraq which has threatened to sue any buyers. More »
Local private equity firm Post Oak Energy Capital committed a $150 million line of equity to CP Exploration II, a privately-held exploration and production company based in Dallas and Lafayette, La., the companies announced Monday morning. More »
An international court on Monday ordered Russia to pay more than $50 billion to the former majority shareholders of now defunct oil company Yukos, ruling that the state engaged in a ruthless campaign to destroy what was once the country’s biggest oil producer.
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