It’s not a festival or the 19th century architecture that’s drawing the late-model cars from Texas, Oklahoma, Louisiana and Pennsylvania to the downtown square in this tiny, southern Illinois community. More »
Tesla Motors Inc. (TSLA), the electric-car company led by Elon Musk, is using the last of its $465 million in U.S. loans and plans to start repaying them by the end of the year, the first startup to fulfill requirements of the criticized program. More »
French oil company Total SA said Sunday it stopped a natural gas leak at one of its plants in Nigeria’s crude-rich southern delta after 54 days, an emergency that forced the firm to shut down the field and evacuate the area. More »
Chesapeake Energy Corp.’s shares fell almost 14 percent Friday afternoon as the embattled natural gas producer said it may have to delay some asset sales as it fights to raise cash amid weak natural gas prices.
Chesapeake CEO Aubrey McClendon received $108 million for his share in wells sold between the beginning of 2011 and the end of April 2012, the company disclosed in its 2012 proxy statement issued today. More »
Cyprus’ commerce minister says that oil firms from Russia, Italy, France, Canada, Malaysia, Israel and the U.S. are among 15 companies and consortiums seeking to carry out exploratory drilling for gas deposits off the island’s southern coast. More »
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 »
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