Energy

May 10 2012 6:48 PM

Russian President Vladimir Putin has recommended Deputy Prime Minister Igor Sechin for a seat on the board of the state oil and gas holding company while announcing that Sechin will leave the Cabinet Sunday.

May 08 2012 4:05 PM

Post-election uncertainty in Greece pushed investors away from stocks and commodities, lowering German and U.S. bond yields and eroding the euro's value as investors sought the dollar. France's benchmark CAC 40 Index erased its Monday gains, which had confounded investors. The reality sank in a day late as euro zone uncertainties that popped up over the weekend took root. Greek stocks have lost 10 percent of their value so far this week.

May 07 2012 1:01 PM

Temasek Holdings Pte. Ltd., the Singaporean sovereign-investment vehicle and RRJ Capital, a private equity fund run by former Temasek executive Richard Ong, will jointly invest about $468 million in Houston's Cheniere Energy Incorporated (Nyseamex: LNG), as Singapore pursues its goal of becoming an Asian hub for liquid natural gas (LNG).

May 02 2012 11:44 AM

Spain?s chief economist said Wednesday Bolivia will ?compensate Red Eléctrica Española the costs invested in the country?s electricity network? after the South American country announced it would expropriate the local unit of the Spanish utility, Transportadora de Electricidad S.A.

May 01 2012 4:56 PM

Houston-based oil ang gas giant ConocoPhillips (NYSE: COP) has been fined $257 million to settle charges brought by the Chinese government following a massive oil spill. The company's Chinese venture partner, CNOOC Ltd., was also fined, to the tune of $76 million.

May 01 2012 12:12 PM

Chesapeake Energy Corp will find an independent, non-executive chairman to replace Aubrey McClendon, who will retain his position as chief executive officer, the natural gas producer said on Tuesday.

May 01 2012 9:41 AM

BP Plc (BP.L) reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan.

April 30 2012 2:32 PM

Mergers and acquisitions are on the upstream as low interest rates, rising business and consumer confidence plus depressed prices for some assets have companies seeking buys that will allow them to expand or cut costs through synergy.

April 26 2012 5:10 PM

The Marcellus Shale Coalition Thursday released suggestions it hopes will standardize how the oil and natural gas industry approaches future drilling operations, including the use of the controversial practice of fracking.