The Kansas Department of Revenue believes a state law allowing oil company TransCanada to avoid paying nearly $19 million in property taxes has been misinterpreted, but the company said Thursday that it is simply following tax rules approved years ago by the state and noted its large investments in Kansas. More »
Cobalt International Energy Inc., the offshore oil explorer backed by Goldman Sachs Group Inc., says it’s committed to developing oil prospects in Angola’s pre-salt basin after the government said it was free to leave. More »
Chesapeake Energy Corp., already facing a Securities and Exchange Commission inquiry for loans its chief executive made against company assets, may also be carrying $1.4 billion in undisclosed liability. More »
After test-driving the soon-to-go-on-sale Ford Focus Electric at a promotional event downtown on Thursday, Matt Hrna was impressed with its quick acceleration. It has more pickup than the four-cylinder gasoline-powered car he now owns. More »
The Nuclear Regulatory Commission is reviewing allegations of retaliation against agency staff who raised safety concerns about a Nebraska power plant, which prompted a U.S. lawmaker to demand an investigation. More »
Argentina’s seizure of YPF SA (YPFD), the country’s biggest oil producer, may deter investment in the Vaca Muerta field that contains more than 20 billion barrels of oil equivalent, the International Energy Agency said. More »
As the Spanish company Repsol nears its target depth for an exploratory oil well in Cuban waters, experts told a forum in Washington that the U.S. hasn’t done enough to prevent an accident on the site, or respond to one if it occurs. More »
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