Columbia Gas is paying Lawrence, Andover and North Andover for repairs after explosions there destroyed homes and killed one person. Source: NYT > Business – JACEY FORTIN
Occidental Offers Another Reason for Anadarko to Accept Its Bid
Occidental says it will sell off a slew of Anadarko investments and use the money to finance its purchase. The move is meant to counter Chevron’s deep pockets. Source: NYT > Business – CLIFFORD KRAUSS
Commissioner’s Resignation Underscores Fracking’s Troubles in Britain
Efforts to promote fracking to extract gas in Britain have been stymied by overly restrictive regulations, said a departing commissioner. Source: NYT > Business – STANLEY REED
Chevron to Acquire Anadarko Petroleum for $33 Billion
Chevron, the No. 2 energy producer in the United States, gains assets in shale oil drilling and liquefied natural gas by acquiring Anadarko, based in Texas. Source: NYT > Business – STANLEY REED
Trump Signs Orders to Speed Up Oil and Gas Pipeline Construction
The president wants to limit the influence of state governments and the State Department in approving domestic and international pipelines. Source: NYT > Business – CLIFFORD KRAUSS
Egypt Looks to Offshore Gas Field for Growth and Influence
A natural gas discovery could bolster the economy and revive the country’s regional clout. But Egyptians battling unemployment and inflation might gain little. Source: NYT > Business – CLIFFORD KRAUSS and DECLAN WALSH