Carl Icahn, the activist investor who forced changes at Chesapeake Energy Corp. and Transocean Ltd., faces an uphill battle boosting value at Talisman Energy Inc. as the Canadian company tries to unload $3 billion of assets into a crowded market.
Transocean Ltd. said its internal investigation found BP Plc was largely responsible for last year’s fatal drilling catastrophe in the Gulf of Mexico and reiterated its refusal to help BP pay claims stemming from the worst U.S. offshore oil spill.
A PG&E Corp. pipeline exploded yesterday in the San Francisco suburb of San Bruno, California, killing four people and destroying 38 homes in the utility owner’s second deadly natural-gas blast in two years.
Federal investigators and local officials are searching through debris in the California town of San Bruno to determine what caused a PG&E Corp . pipeline explosion that killed four people and destroyed 38 homes in the utility owner’s second deadly natural-gas blast in two years.
Billionaire Paul Singer’s best chance to maximize his potential $800 million investment in Hess Corp. may be to press for a sale of the whole company after the oil and natural gas producer exits its refining and storage businesses.