Chesapeake Energy Corp., the second-largest U.S. natural gas producer, plans to sell shares in its hydraulic-fracturing business unit to raise $862.5 million amid a North American gas glut that squeezed cash flow.
Houston-based Cheniere Energy on Monday cleared the final major hurdle to exporting natural gas when federal regulators approved the firm’s plan to build a plant for liquefying the fossil fuel in southwest Louisiana. More »
A federal judge has extended a deadline for BP and a team of plaintiffs’ attorneys to file details of a proposed settlement designed to resolve billions of dollars in economic damage claims spawned by the 2010 oil spill in the Gulf of Mexico.
Enbridge Inc. and Enterprise Products Partners LP plan to start crude oil shipments on the Seaway pipeline from Cushing, Oklahoma, to the U.S. Gulf Coast on about May 17, according to a filing with regulators. More »
Argentina said it plans to seize 51 percent of YPF SA, the country’s largest oil producer, to stem an increase in fuel imports and increase control over the nation’s oil reserves. The stock plunged. More »
Environmentalists just filed a legal challenge to Freeport LNG’s bid to export natural gas from a facility in Texas — the latest attempt to undercut a push by more than a half dozen companies to send the fossil fuel overseas. More »
Cobalt International Energy Inc., the offshore oil explorer backed by Goldman Sachs Group Inc. said it hasn’t broken any laws after the Financial Times reported Angolan officials own stakes in its local partner. More »
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