The Obama administration this week will finalize a plan for selling offshore drilling leases over the next five years that focuses on the Gulf of Mexico but still would allow three auctions of Arctic areas. More »
The first seafood caught off Japan’s Fukushima coastline since last year’s nuclear disaster went on sale Monday, but the offerings were limited to octopus and marine snails because of persisting fears about radiation. More »
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 »
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