Schlumberger, the world’s largest oilfield-services provider, won the right to drill an oil field offered by Petroleos Mexicanos in the first round of performance contracts after the original winner was dropped. More »
ALLENTOWN, Pa. — Pennsylvania environmental regulators announced Wednesday they have given permission to a natural-gas driller to stop delivering replacement water to residents whose drinking water wells were tainted with methane. Cabot Oil & Gas Corp. has been delivering water to homes in the northeast village of Dimock since January of 2009. The Houston-based energy [...] More »
Sometimes, bankruptcy may be the better option. That seems to be what Dynegy’s bondholders are thinking. Earlier this week they spurned a plan by the struggling Houston-based power company to replace existing bonds with ones that have a lower face value. Fewer than 10 percent of the face value of the existing $1.25 billion worth [...] More »
The top U.S. derivatives regulators voted 3 to 2 Tuesay to curb trading in oil, wheat, gold and other commodities after a boom in raw-materials speculation, record- high prices and years of debate and delay.
Williams Cos. says it has set aside its plans to conduct an initial public offering for its gas exploration and production business because of market weakness. Instead, it will separate itself into two standalone, publicly traded corporations by the end of the year.
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