Liquefied natural gas exports from the U.S. are looking more likely after the Freeport LNG terminal got conditional approval from the Department of Energy, Goldman Sachs Group Inc. (GS) said.  More »

The European Union tightened safety rules for offshore oil and natural-gas exploration to curb the risk of a major accident after BP Plc’s 2010 spill in the Gulf of Mexico, the largest in U.S. history.  More »

Halliburton Co., the world’s largest provider of hydraulic fracturing services, said its second- quarter operating profit margin will be negatively impacted by a decline in rigs working in Mexico as the country transitions to a new way of awarding service contracts.  More »

Chesapeake Energy Corp. (CHK) is hiring an Anadarko Petroleum Corp. (APC) engineer who oversaw oil projects around the world to slash costs and transform a corporate culture forged by Chesapeake’s wildcatting co-founder.  More »

Royal Dutch Shell Plc (RDSA) Chief Executive Officer Peter Voser said it’s too early to speculate about the European oil-price fixing probe and the company is committed to the “highest standard of corporate behavior.”  More »

Canadian energy producers lobbying for U.S. approval of the Keystone XL pipeline are targeting undecided Democratic lawmakers in Washington in advance of a decision on the $5.3 billion project.  More »

Poland’s shale gas boom is threatened even before it gets started after some wells failed and the government sought to increase taxes on profits.  More »

By Mark Drajem Bloomberg News Alaska’s government proposed investing its own cash in an assessment of oil reserves in the U.S. Arctic National Wildlife Refuge, seeking to prod the federal government to consider drilling in the protected area. With the Interior Department working on a management plan for the area, Republican Governor Sean Parnell’s administration [...]  More »

Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal.  More »

Petroleo Brasileiro SA (PBR) is finding it hard to pump oil at one of Brazil’s largest prospects, three people with knowledge of the project said, signaling its venture with BG Group Plc (BG/) and Galp Energia SGPS SA may have higher costs or slower development than at other offshore fields.  More »

The average price for regular gasoline at U.S. pumps rose 11.19 cents a gallon in the past two weeks to $3.6566 a gallon, according to Lundberg Survey Inc.  More »

Oil leaked from a trunk line connected to a tank on the property, then flowed outside of a berm into a containment pond, according to a National Response Center filing.  More »