Royal Dutch Shell Plc, General Electric Co. and a company co-founded by T. Boone Pickens are planning investments in natural-gas-powered shipping as record U.S. output spurs the merchant fleet to use a new fuel.
The University of Alabama opened a new football-training center last February. Any professional team would be happy to have it. The amenities include a $9 million weight room, a hydrotherapy pool with a Club Med–style cascade of hot water and an anti-gravity treadmill that’s more NASA than Nautilus. Coach Nick Saban goes over the finer points of football with his team in a 212-seat theater with a multiplex-sized screen. After practice, players shoot pool or kick back on a leather couch with a video game, Bloomberg Markets magazine reports in its January issue.
T. Boone Pickens, the Texas billionaire who spent the past decade promoting U.S. natural gas as an alternative to Middle East oil, has walked away from the nation’s second-largest gas producer and the man he calls a friend as Chesapeake Energy Corp.’s value dropped by a fourth.
Billionaire investor T. Boone Pickens sold stakes in oil producer Occidental Petroleum Corp. and coal miner Consol Energy Inc. and cut his holding in oil- shale explorer Pioneer Natural Resources Co. in the second quarter.
T. Boone Pickens, who’s been saying for more than a year that Congress was poised to pass his plan to subsidize natural-gas vehicles, may not have been expecting opposition led by fellow billionaire Charles Koch.