Incurred

Marathon Oil Corp. reversed the losses it incurred a year earlier to post a strong profit in the final quarter of 2009, but with troubles in its refining and marketing (R&M) sector, the producer plans to divert more spending in 2010 to the upstream to concentrate on its unconventional gas and oil shale plays.

Marathon Oil Corp. reversed the losses it incurred a year earlier to post a strong profit in the final quarter of 2009, but with troubles in its refining and marketing (R&M) sector, the producer plans to divert more spending in 2010 to the upstream to concentrate on its unconventional gas and oil shale plays.

Marathon Oil Corp. reversed the losses it incurred a year earlier to post a strong profit in the final quarter of 2009, but with troubles in its refining and marketing (R&M) sector, the producer plans to divert more spending in 2010 to the upstream to concentrate on its unconventional gas and oil shale plays.

Looking to give people in the energy industry and beyond a way to protect themselves from the billions of dollars in damage incurred during the overly active 2005 hurricane season, the Chicago Mercantile Exchange last week rolled out its CME-Carvill Hurricane Index futures and options. The underlying indexes will be calculated by Carvill, an independent reinsurance intermediary in specialty reinsurance that tracks and calculates hurricane activity.

Looking to give people in the energy industry and beyond a way to protect themselves from the billions of dollars in damage incurred during the overly active 2005 hurricane season, the Chicago Mercantile Exchange on Monday rolled out its CME-Carvill Hurricane Index futures and options. The underlying indexes will be calculated by Carvill, an independent reinsurance intermediary in specialty reinsurance that tracks and calculates hurricane activity.

CMS Energy on Tuesday reported it incurred steep losses in 2002 due mostly to impairments and write-downs of the fair market value of assets that the energy company has sold or expects to sell in the near future to help improve its balance sheet.

Houston-based Reliant Resources said Friday it has decided to leave the financial gas trading business after it incurred an estimated $80 million pre-tax loss when it closed trading positions that were battered by high prices in late February.

Feeding off losses incurred late in the day Monday, natural gasfutures slumped lower on expiration day Tuesday as tradersliquidated longs and rolled positions into back months. TheSeptember contract was the hardest hit, tumbling 6.7 cents to gooff the board at $4.618. In doing so, however, September supplantedJune as the month with the highest final settlement price in thecommodity’s 10-year history.

In the event of a Y2K-related disruption, Transcontinental GasPipe Line said any imbalances that are incurred on advancenominations by shippers during the first seven days of the New Yearwill be exempt from cashout penalties.