Energy Transfer Partners LP (ETP), whose parent is buying Southern Union Co. (SUG) for $5.4 billion, said fourth-quarter profit dropped 28 percent because of lower earnings at its propane unit and natural-gas pipelines in Texas. More »
Japan’s atomic safety rules are inferior to global standards and left the country unprepared for the Fukushima nuclear disaster last March, the country’s top nuclear regulator told a parliamentary investigation. More »
Reliance Industries Ltd. (RIL) and partner BP Plc (BP/) have won approval from India’s government to prepare a plan for developing a natural gas discovery in the Bay of Bengal, two people with direct knowledge of the matter said. More »
A company responsible for a 2010 pipeline rupture that spilled more than 800,000 gallons of oil in southern Michigan says it has discovered a small leak in an oil pipeline in the northern Lower Peninsula. More »
Microsoft founder Bill Gates has come to the defense of proposed rules that would require certain oil, gas and mining companies to disclose what they pay to nations whose resources they develop, in the face of strong lobbying against the rules from the oil-and-gas industry. More »
House Speaker John Boehner, R-Ohio, said Wednesday his chamber may not finish considering Republicans’ energy-infrastructure bill until after the President’s Day recess, amid growing criticism of various aspects of the legislation. More »
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