Weeks after a ceremony marking a $10 billion expansion, Motiva has shut down a major new unit of its Port Arthur refinery and authorities are investigating a chemical leak and small fires that have tarnished the project’s startup. More »
Chesapeake Energy Corp.’s already-battered stock dropped more than 8 percent Monday after a published report suggested the natural gas giant colluded with a Canadian company to depress land prices. More »
Encana Corp. (ECA), Canada’s biggest natural gas producer by volume, is investigating a news report of e-mails between it and Chesapeake Energy Corp. (CHK) regarding land-lease bidding in Michigan. More »
KKR & Co. (KKR), the private-equity firm run by Henry Kravis and George Roberts, has gathered about $4 billion to invest in infrastructure and energy deals as the firm looks beyond corporate takeovers. More »
Petroleo Brasileiro SA (PETR4), the world’s biggest deepwater oil producer, is looking past its largest discoveries to avoid a fate similar to Mexico, where output has plummeted 25 percent since 2004. More »
Government-owned energy companies in Oman and the United Arab Emirates are launching a joint venture to build an oil refinery and petrochemical complex in a port town on Oman’s Arabian Sea coast. More »
Shell tested its first line of defense against runaway Arctic oil wells for federal inspectors on Monday, marking a major step in the company’s final preparations to launch exploratory drilling in seas north of Alaska. More »
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