Halcón to pull back from Tuscaloosa Marine Shale
The decision underscores the wide disparity between the economics of established shale plays and younger ones. More »
KiOR files for bankruptcy, but not Mississippi unit
Kior, Inc., the Houston-area biofuels maker that hoped to tap new technology to produce clean energy, filed for bankruptcy Sunday. More »
Transocean to retire more rigs, execs say
Transocean lost billions of dollars in the third quarter as it faced sinking demand for offshore rigs and as it wrote down the value of its drilling business. More »
Transocean expects $2.76 billion in writedowns
Swiss drilling contractor Transocean has written off $2.76 billion in book value for its offshore rigs as it faces falling day rates and weaker demand for deep-water drilling. More »
Apache optimistic about U.S. shale as profits slip
Apache Corp. reiterated plans to double down on its positions in prolific U.S. shale plays even as crude prices continued to fall and the company’s profits slipped from last year. More »
CenterPoint Energy profits dip slightly
CenterPoint Energy’s businesses posted higher operating costs and electricity distribution suffered due to milder weather. More »
Cool temperatures cut into NRG’s 2014 results, as the company bets on home solar
In a call Wednesday, executives at NRG Energy discussed third-quarter results held back by a cool summer before offering a very hot projection for growth in the company’s home solar business. More »
Antero Midstream raises $1 billion in IPO
The partnership will own and operate pipelines and other assets of natural gas producer Antero Resources, including in the Marcellus Shale in West Virginia and the Utica Shale in southern Ohio. More »
EOG profit doubles on low-cost wells even as oil price falls
CEO William Thomas boosted EOG’s growth target for oil even in the face of a market slump More »
Valero’s profit triples in third quarter
Valero attributed the results to wider discounts for crude oils relative to the international benchmark crude and stronger gasoline margins in most regions. More »
Marathon’s profit falls 24 percent on crude price slump
Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production. More »
Profits up at Enbridge in the third quarter
Enbridge Energy Partners said that profits jumped in the quarter as the company delivered record quantities of oil in Canada and North Dakota. More »
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