If the change at Chesapeake is any indication, the natural gas industry is going to be far more buttoned-down as it pares debt and boosts operating profit.
The acquisition of A123 Systems Inc. by China-based Wanxiang Group Corp. passed its last official hurdle with the authorization by the US government. The approval comes despite concerns that the A123 Systems deal would expose sensitive energy technology to Chinese authorities.
Apple first overtook Exxon Mobil as the world’s largest publically traded company in August 2011, Peixe writes, but after several difficult weeks, Apple will hand the mantle back to Exxon Mobil.
Boeing 787 batteries seemingly passed first inspections this week as US and Japanese officials came up with few answers in their cursory examinations of the Boeing 787's battery fires. The company's outsourcing strategy and a weak permitting process may have contributed to the Boeing 787's glitches.
Dow Chemical publicly disavowed a $6.5 billion project for a natural gas export terminal that it partly owns, Alic writes. Dow is opposed to this project because its senior management believes high volumes of LNG exports will lead to higher prices at home.
Humans have already amply demonstrated the resource limitations of unbridled economic growth by not anticipating and then not addressing the myriad critical environmental and resource problems we face today, Cobb writes.
Chevron has signed agreements with Morocco officials that give the US company rights to explore for oil in three offshore sites, Alic writes. Chevron and other oil majors are hardly shaken by recent events in the North African Sahel, she adds, including the Algeria hostage crisis.
Students at college campuses are calling on administrators to divest from fossil fuels in an effort to curb the effects of climate change. But schools are wary of doing away with some of their most profitable assets.
A deal between Baghdad and BP over Iraq's disputed Kirkuk oil field could tip tensions toward out-right conflict between the Iraqi Kurds and Baghdad, Alic writes.