One Texas-based CEO explained Friday how very cheap oil could hurt people.» Read More
PROVIDENCE, R.I.-- Former Boston Red Sox pitcher Curt Schilling might have to sell or give up the famed blood-stained sock he wore on the team's way to the 2004 World Series championship to cover millions of dollars in loans he guaranteed to his failed video game company.
Oct 4- Southern California Edison on Thursday released a plan to restart Unit 2 at the San Onofre nuclear power plant and operate the unit at up to 70 percent for about five months before shutting it again for inspections.
Oct 4- Oil and gas company ZaZa Energy Corp. ZaZa Energy Corp's portfolio includes about 72,000 acres in the oil-rich Eagle Ford shale field and 90,000 acres in the Woodbine region, both in Texas. The Houston- based company ended its exploration and development agreements with Hess Corp in the Paris Basin and Eagle Ford shale field in June.
HOUSTON-- Calpine Corp. said Thursday that it will buy a natural gas-fired power plant in Texas for about $432 million to boost its presence in a state where the supply of surplus power is shrinking. Calpine is buying the 800- megawatt plant near Laguna Park in central Texas from Bosque Power Co. LLC.
Oct 4- Calpine Corp, the largest U.S. independent power generator, said it will buy an 800- megawatt power plant from Bosque Power Co LLC for $432 million plus adjustments, boosting its capacity in power-hungry Texas. In April, Calpine said it will add more than 500 megawatts in Texas by the summer of 2014 to help avoid rolling outages.
*Oil India to get 20 pct, Indian Oil Corp 10 pct in Niobrara shale acreage. and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's Niobrara shale asset in Colorado for $82.5 million, the companies said in a statement.
*Seadrill may move to London, Singapore* CEO Thorkildsen disagreed with move, leaves firm.
NEW DELHI, Oct 4- State explorer Oil India. plans to raise $100 million in foreign loans by December to part-fund its stake buy in Carrizo Oil& Gas's. Earlier, Oil India and Indian Oil Corp said they have jointly bought a 30 percent stake in Houston- based Carrizo's Niobrara shale acreage in Colarado for $82.5 million.
NEW DELHI, Oct 4- Indian state-run firms Oil India Ltd and Indian Oil Corp have jointly bought a 30 percent stake in Houston- based Carrizo Oil& Gas's. Oil India will acquire 20 percent and Indian Oil Corp will get 10 percent in Carrizo's Niobrara basin acreage assets through their respective subsidiaries.
HOUSTON-- Exploration and development company ZaZa Energy Corp. said Thursday it may sell its French assets. ZaZa Energy said it makes no assurances that the sale will be completed. Its shares lost 5 cents to $2.70 in midday trading after dropping as low as $2.65 earlier in the session, their lowest level since August 2011.
*Moscow lab complained some chips were faulty. Federal prosecutors in Brooklyn, New York unsealed an indictment charging 11 alleged participants in the network, as well as companies based in Houston, Texas, and Moscow, with illegally exporting high-tech components from the United States to Russian security agencies.
HOUSTON, Oct 3- Chesapeake Energy Corp extended employment contracts with certain executives through the end of the year as its board of directors reviews the oil and gas company's compensation practices, according to a regulatory filing on Wednesday.
HOUSTON-- Crown Castle International Corp. said Wednesday that it is launching an offering of $1.65 billion of senior notes, which are due in 2023..
--U.S.-based offshore drilling company Vantage Drilling Co.. Rating Action On Oct. 3, 2012, Standard& Poor's Ratings Services revised its outlook on Houston- based offshore drilling company Vantage Drilling Co. to stable from positive.
HOUSTON-- Phillips 66, a refining and pipeline company that split from ConocoPhillips in May, is raising its quarterly dividend by 25 percent to 25 cents. The Houston company's previous payout was 20 cents. Shares fell $1.02, or 2.2 percent, to $45.40 in afternoon trading.
HOUSTON, Oct 3- An exploration and production resurgence in the Gulf of Mexico two years after a six-month drilling shutdown because of the BP Plc oil spill is expected to increase output nearly 43 percent by 2019, energy consultancy Wood Mackenzie said on Wednesday.
*Seadrill may move to London, Singapore.
LONDON, Oct 3- European stocks were set for a slightly lower open on Wednesday as new gloomy economic data and uncertainty about Spain's debt crisis eclipsed underlying optimism about coordinated monetary support from central banks across the world.
HELSINKI, Oct 3- The following stocks may be affected by newspaper reports and other factors on Wednesday:. The government, which owns 13.5 percent of Nordea's shares, has been clear it wants to sell its stake and has a mandate from the parliament. It already sold 6.3 percent of Nordea shares in February 2011.