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Russia's Gazprom, the world's largest producer of natural gas, posted a 9% fall in net profit for the third quarter, hampered by lower output and weak European demand.
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Encana said it entered into a $5.43 billion deal with PetroChina to develop hard-to-reach natural-gas reserves, further deepening the energy ties between Canada and China.
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Oil-drilling activity in the U.S. has accelerated to a pace not seen in a generation as energy companies, oilfield contractors and landowners rush to exploit newly profitable sources of crude.
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Plains All American Pipeline reported a 29% rise in profit as earnings soared at its natural-gas unit.
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A regulatory filing late Tuesday revealed Dynegy's general counsel J. Kevin Blodgett left the struggling power generator last Friday, walking away from a potential payment of $3.6 million.
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