BP PLC says it has agreed to sell its stake in a Norwegian oil field to AS Norske Shell for $240 million as part of its efforts to raise funds to pay for the cost of the Gulf of Mexico oil spill. More »
TransCanada Corp. shouldn’t be allowed to use eminent-domain laws to seize land to build the southern leg of its Keystone Pipeline near Beaumont, Texas, lawyers for property owners told a judge today. More »
Chesapeake Energy Corp. (CHK) negotiated a higher-than-expected price for oil fields in the U.S. Southwest as the gas driller exploited a growing appetite for shale assets among the world’s largest energy explorers. More »
Russian Deputy Prime Minister Arkady Dvorkovich said BP Plc (BP/) may have approached state-run OAO Rosneft about buying out the British company’s half of the TNK- BP venture, Vedomosti reported today. More »
France should carry out experimental drilling for shale oil and natural gas, which the country’s anti-fracking law would allow even though the government has so far resisted, an energy lobby said. More »
A security lieutenant at New York’s Indian Point nuclear power complex has filed a lawsuit claiming the plant is unsecure, and that staffers regularly watch DVDs, play video games and sleep on the job. More »
FuelFix.com is your daily must-read source for news and analysis on the energy business. Anchored by business reporters at the Houston Chronicle and other Hearst newspapers, FuelFix incorporates blogs by energy experts, market updates, useful data and a real-time summary of the top ideas, hottest stories and latest news.