Duke Energy Buys Progress Energy In $13 Billion Deal

Duke Energy has pleaded guilty to environmental crimes, agreeing to pay a $102 million fine over years of illegal pollution leaking from coal-ash dumps at five North Carolina power plants. “Duke Energy appeared Thursday before a federal judge in Greenville, N.C., Thursday to settle criminal charges stemming from its 2014 coal ash spill into the Dan… Keep reading →

Independent oil and gas firms are attempting to focus on the fundamentals following major allegations against one of the sector’s most colorful figures. The looming dispute over Chesapeake Energy’s chairman comes as companies already contend with a glut of natural gas production amid high prices for oil and liquids production warping traditional price dynamics.

US oil and gas company executives “talked turkey” with Wall Street analysts in New York last week at a high-level investor conference. Every spring, the industry’s exploration and production community convenes to discuss their business models and corporate strategies with the analysts who rate their company’s stock for investors. Keep reading →