Skilling to seek retrial based on ‘newly discovered evidence’
In a motion for a time extension filed last week, Skilling attorney Daniel Petrocelli asked to have until August 17 to submit Skilling’s latest brief. The two-page motion refers to Skilling’s intent to ask for a new trial based on the new evidence but includes no description of what the evidence is. More »
Chesapeake management draws more fire
Chesapeake Energy’s board of directors is drawing more fire, this time from two major shareholder advisory services. International Shareholder Services and Egan-Jones Proxy Services are calling for changes to the board, which they say has failed to curb the aggressive debt strategies of Chesapeake chief executive officer Aubrey McClendon.
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Mitsubishi I Miev makes Houston debut
Jackey Noons rolled off the Champion Mitsubishi lot in a brand new all-electric Mitsubishi Miev.
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Total expects to resume Elgin output before year-end after leak
Total SA (FP), Europe’s third-largest oil company, expects to resume production at its Elgin and Franklin fields before the end of 2012 after plugging a natural-gas leak. More »
Icahn holds about 80% of CVR Energy, as full board control
Billionaire Carl Icahn has acquired about 80 percent of oil refiner CVR Energy Inc. following a $2.6 billion tender offer and has taken full control of the company’s board. More »
Environmentalists criticize Ohio drilling rules
Environmental advocates were among dozens of witnesses lining up to testify Monday on a bill laying out Ohio’s new regulations for horizontal shale drilling and the use of renewable energy. More »
Businesses reducing energy by 25 percent as recession lingers
Businesses are reducing their energy consumption up to 25 percent in response to the recession, according to a Deloitte & Touche survey released today. More »
Oil prices up on expectations for improving demand
Oil rose above $92 a barrel Monday in Asia ahead of talks this week aimed at avoiding a military conflict over Iran’s nuclear program. More »
Pa. firm announces $380M gas pipeline expansion
A Pennsylvania company will invest $380 million to expand natural gas pipelines in the state. More »
How the Keystone XL could bring higher gas prices to Texas
The Keystone XL pipeline might be a good thing for job creation and crude oil supply, but it might not have the same positive effect on gasoline prices. More »
Matagorda County coal plant developer fights new EPA rules
Analysts predicted early retirement for some coal-fired power plants when the Environmental Protection Agency issued new limits on emissions of mercury and other toxic pollutants last year. More »
Head of US nuclear safety agency to step down
The head of the U.S. Nuclear Regulatory Commission announced Monday that he will resign as soon as a successor is confirmed to lead the country’s nuclear safety agency, a decision that comes after fellow commissioners publicly rebuked Jaczko and accused him of acting like a bully. More »
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