Contango Oil & Gas Co. has struck a $390 million deal to pick up Crimson Exploration Inc., significantly expanding the oil and natural gas company's onshore drilling project base, the parties announced Tuesday.
An Ohio federal judge on Monday declined to dismiss a coal company’s tortious interference counterclaim in a lawsuit brought by the U.S. accusing the the state of Ohio of reneging on a 1948 land agreement by allowing the company to mine beneath a flood-control reservoir.
Public Service Electric & Gas Co. said Tuesday it had reached an agreement with New Jersey regulators to invest up to $446 million in solar power projects within the state, a controversial proposal that critics say will pass unnecessary costs to ratepayers.
President Barack Obama on Wednesday nominated Charlotte, N.C., Mayor Anthony Foxx as the next secretary for the U.S. Department of Transportation after current chief Ray LaHood announced his exit in January, as the administration signaled a push to ramp up infrastructure investments.
Recent efforts to roll back or repeal state renewable energy mandates have met with some surprising defeats in states such as North Carolina and Kansas, and with strong gubernatorial support for a similar mandate in gas-rich Pennsylvania, experts say the fossil fuel industry-backed battle against the rules may be a losing one.
K&L Gates LLP has lured another lawyer to its new Houston office from Haynes and Boone LLP as it bolsters its energy practice in a hot Texas legal market, the firm announced Monday.
Conservation group Powder River Basin Resource Council sued the Bureau of Land Management in Wyoming federal court Friday, alleging the agency approved four new coal leases without considering their environmental implications on the area or adjacent mines.
The African Development Bank's board of directors on Friday approved €115 million ($150 million) in loans to back what will be the continent's largest wind power project, launching the next step in the $877.5 million endeavor.
The Bureau of Land Management on Monday released a final rule allowing it to temporarily segregate public land targeted for use in a wind or solar energy project from claims for mining use, part of its strategy to promote the development of renewable energy on public lands.
The U.S. Department of Housing and Urban Development on Monday said it has approved New Jersey Gov. Chris Christie's plan to pump $1.83 billion into the state's housing, infrastructure and businesses to help it recover from the devastating effects of Hurricane Sandy.
The U.S. Chamber of Commerce and a slew of farming, engineering and energy organizations urged the Senate on Monday to sign off on a bill authorizing money for several U.S. Army Corps of Engineers water projects, saying the efforts will spur economic growth and create jobs.
Aquila Resources Ltd. on Monday announced Sumitomo Corp. had pulled out of an Australian joint coal exploration venture after an appraisal valued the deal at AU$108.8 million (US$112.6 million), further setting back Aquila’s plans to help restart a stalled AU$7.4 billion iron ore project in Western Australia.
Mining giant BHP Billiton Ltd. has agreed to sell off a copper mining project in Arizona, as well as related railroad operations, to Canada-based Capstone Mining Co. for $650 million as part of its divestment strategy, according to a Monday statement.
RBS is closing in on a $1.6 billion deal for a network of more than 300 branches that the bank has been under pressure to sell for the past few years, while KKR is contemplating a bid for a Rio Tinto mine in Australia that would broaden the firm's investments to include a substantial copper and gold asset.
Canadian oil and gas company Pacific Rubiales Energy Corp. has closed a CA$35 million ($34.5 million) private placement financing with CGX Energy Inc. to gain a controlling majority interest in the exploration and production company, Pacific Rubiales said Monday.
As offshore wind energy looks to become America’s next booming industry, experts say recent milestones in Maryland and Massachusetts are sparking an arms race in the Northeast, with states competing to construct the nation’s first offshore wind farm as the expiration of a crucial tax credit looms.
Several Republican lawmakers on Friday took the U.S. Environmental Protection Agency to task for its research into the effects of hydraulic fracturing, or fracking, saying the agency's approach to the controversial practice had been driven by politics and not science.
The Florida Senate voted unanimously Friday to amend the controversial Nuclear Cost Recovery Act, adding protections for consumers and benchmarks aimed at greater transparency and accountability from public utilities in the state.
A Texas bankruptcy judge on Thursday recommended that the district court take over adversary suits against ATP Oil & Gas Corp. concerning two offshore-drilling royalty deals worth $135 million, but not until the case goes to trial.
The bidding war for Onex Corp.'s Carestream Health Inc. is down to just Bain Capital LLC and Thomas H. Lee Partners LP, while leading energy-focused private equity firm First Reserve Corp. plans a second global infrastructure fund.