Daily Archives: January 4, 2013

Exxon to spearhead $14 billion oil project in Canada

Exxon Mobil Corp. is leading a $14 billion project to produce oil off of Canada’s northeast coast, the company announced Friday.  More »

Is Shell in danger of getting frozen out of the Arctic?

The company can’t afford any more mistakes in Alaskan waters, even the logistical kind.  More »

US jobs gains calm investor nerves

A solid US non-farm payrolls figure of 155,000 calms investors earlier unnerved by a new hawkish tone among some Federal Reserve policy makers  More »

Report on Nebraska pipeline route goes to governor

The State Department has federal jurisdiction because the pipeline begins in Canada.  More »

SEC drops probe into ex-Buffett lieutenant

Decision brings to a close an affair that exposed a rare lapse of judgment by the 82-year old Warren Buffett, who misjudged shareholder reaction  More »

Biden faces key role in second term

The US vice-president’s long experience in the Senate means that he is in demand pushing through President Barack Obama’s ambitious legislative agenda  More »

Coast Guard to probe stranded Shell rig

Investigation in Alaska could add to pressure from regulators to prevent company from resuming its Arctic exploration programme this summer  More »

Construction under way of Caspian platform vessel

Lukoil says assembly has started in Baku, Azerbaijan of a transport and installation barge (TIB) for offshore platforms at the Vladimir Filanovsky field in the Caspian Sea.  More »

Fresh bid for Faroese offshore license

Faroese petroleum administration Jarðfeingi has received an application for an offshore license for exploration and production of hydrocarbons.  More »

US shrugs off fiscal concerns

The US economy shrugged off concerns about the fiscal cliff as it started 2013 with 155,000 new jobs and rising confidence in the services sector  More »

New Keystone XL tree protesters descend

Two protesters who climbed onto tree platforms late Wednesday to block work on the Keystone XL pipeline have descended, a spokesman for the activists confirmed Friday.  More »

Oil industry tax deductions may face fiscal cliff woes soon, analyst warns

The tax package that passed on Tuesday evening and included credits for a range of areas of renewable energy did not include another widely discussed area of possible tax revenue – removing some of the tax deductions that oil and gas companies have enjoyed.  More »

US junk-rated debt yields dip below 6%

Average yield falls below 6 per cent for first time this week, setting a new milestone in a multi-year rally sparked by investors’ voracious demand for yield  More »

Emerging economies to triple renewable energy

The fastest growing emerging countries will grow their combined capacity of renewable energy from about 127 GW to 403 GW by 2020, according to a GlobalData report.  More »

China censors clash with media on reform

The website of a magazine run by liberal senior members of the Communist party was shut down after the journal published calls for political reform  More »
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