Rescue

Search Offshore Louisiana Continuing after Seacor Oil, Gas Liftboat Capsizes

Search Offshore Louisiana Continuing after Seacor Oil, Gas Liftboat Capsizes

Search and rescue efforts were continuing offshore Louisiana late Wednesday for 12 people who were missing after a commercial liftboat with a crew of 19 capsized. As of midday Wednesday, six people had been rescued, with one person confirmed dead after a Seacor Power liftboat, with a beam of 129 feet, capsized about 4:30 p.m.…

April 14, 2021

Constellation Chooses EDF Over MidAmerican

When all looked lost for Baltimore-based Constellation Energy Group, billionaire investor Warren Buffett’s MidAmerican Energy Holdings Co. came to the rescue with a merger proposal and capital infusion; however, Wednesday the American business icon stepped aside to make way for the French. Constellation accepted Electricite de France subsidiary EDF Development Inc.’s offer to acquire a 49.99% interest in Constellation Energy Nuclear Group LLC for $4.5 billion, ending MidAmerican’s plans to acquire all of Constellation.

February 19, 2009

SemGroup Still Courting Buyers Following Bankruptcy

With an outside rescue yet to materialize, SemGroup LP, which filed for bankruptcy in July after announcing $3.2 billion in trading losses, said last week its management is committed to maximizing recoveries for creditors and equity holders, as required by the bankruptcy code.

January 12, 2009

SemGroup Still Courting Buyers Following Bankruptcy

With an outside rescue yet to materialize, SemGroup LP, which filed for bankruptcy in July after announcing $3.2 billion in trading losses, said Wednesday its management is committed to maximizing recoveries for creditors and equity holders, as required by the bankruptcy code.

January 8, 2009

Buffet Rebuffed as Constellation Chooses EDF

When all looked lost for Baltimore-based Constellation Energy Group, billionaire investor Warren Buffett’s MidAmerican Energy Holdings Co. came to the rescue with a merger proposal and capital infusion; however, last Wednesday the American business icon stepped aside to make way for the French.

December 22, 2008

MidAmerican-Constellation Merger on a Fast Track

Less than a month after plans for a $4.7 billion rescue merger were announced Sept. 18, MidAmerican Energy Holdings Co. and Constellation Energy Tuesday filed an application with the Federal Energy Regulatory Commission requesting approval of their merger plan. The companies asked FERC to act on the application by Jan. 15.

October 20, 2008

Energy Futures Follow Surging Stocks Higher

As stock markets rebounded Monday on news of bank rescue plans across the globe, so to did energy commodities, which have been mimicking the financial twists and turns as of late. November natural gas futures climbed 15.3 cents to close at $6.688 while November crude futures added $3.49 to close at $81.19/bbl.

October 14, 2008

McClendon Sees Natural Gas (LNG) Exports in the U.S. Future

There’s more than one way to rescue the U.S. balance of payments deficit and Oklahoma’s own Aubrey McClendon, CEO of Chesapeake Energy, may have hit on it with his idea to export increasingly abundant North American natural gas, shipping it over the oceans in liquid form.

August 4, 2008

McClendon Sees Natural Gas (LNG) Exports in the U.S. Future

There’s more than one way to rescue the U.S. balance of payments deficit and Oklahoma’s own Aubrey McClendon, CEO of Chesapeake Energy, may have hit on it with his idea to export increasingly abundant North American natural gas, shipping it over the oceans in liquid form.

August 4, 2008

Bear Stearns’ Crack-Up Affects Gas Trading, Prices

In the wake of the last-minute rescue of the Bear Stearns financial house by JPMorgan Chase, the New York Mercantile Exchange (Nymex) and IntercontinentalExchange (ICE) spent last week reassuring traders that all their trading members, including Bear Energy and MF Global, were meeting their obligations.

March 24, 2008
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