Pacific Gas and Electric Co. suggested to managers before the San Bruno pipeline explosion that downgrading more than 2,300 natural-gas leaks – and potentially not fixing them – would save the company nearly $5 million, according to an internal document obtained by The Chronicle. More »
Brazil’s oil regulator is preparing about $25 million in fines against Chevron Corp. (CVX) related to an oil spill last November at the Frade field off the coast of Rio de Janeiro, Agencia Estado reported today. More »
The governors of Oklahoma and Colorado met with executives from General Motors Co. (GM), Ford Motor Co. (F) and Fiat SpA (F)’s Chrysler Group LLC, to ask for more cars and trucks with engines that run on compressed natural gas. More »
Sales of offshore wind turbines collapsed in the first half, a sign the power industry and its financiers are struggling to meet the ambitions of leaders from Angela Merkel in Germany to Britain’s David Cameron. More »
Master limited partnerships in the energy sphere aren’t just for pipeline companies anymore – this corporate structure is now being increasingly used by oilfield services companies to provide more control over investment decisions, according to a Tudor Pickering analyst’s note. More »
Royal Dutch Shell Plc, Europe’s largest energy producer, pulled out of the race for Cove Energy Plc, leaving Thailand’s PTT Exploration & Production Pcl as the sole bidder for the East Africa-focused explorer. More »
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