Freeport LNG may get U.S. export approval in months
Freeport LNG Development LP may get expanded approval from the U.S. Energy Department to export liquefied natural gas in the next quarter or two, the head of Baker Botts LLP’s LNG practice said. More »
Energy Future issues opening salvo as KKR, TPG seek stake
Energy Future Holdings Corp.’s pre- packaged bankruptcy proposal is the opening salvo in talks as KKR & Co. and TPG Capital LP, backers of the largest leveraged buyout, seek to salvage their failed utility takeover and force creditors to accept billions in losses. More »
Motiva Port Arthur refinery shuts down after power outage
The Port Arthur, Texas refinery lost power Sunday and there isn’t a timeline for restarting the plant, a person familiar with operations said. More »
US oil boom threatens Russian crude exports
Crude oil exports from the Commonwealth of Independent States may drop 17 percent by 2040 as tight oil production in the U.S. soars, the Russian Academy of Sciences said in a presentation on its website. More »
Clean energy investment drops worldwide amid subsidy cuts
Clean energy investment slid 22 percent to its lowest level in four years as nations pared subsidies for technologies from wind turbines to solar power and financing in China and Brazil stalled. More »
Tullow falls after delaying oil well in Ethiopia for two months
Tullow Oil Plc (TLW), the U.K. explorer searching for Ethiopia’s first crude, fell to a four-month low in London trading after delaying the Sabisa well. More »
Midland counts on 53-story tower as oil again buoys Texas
When clients in Midland, Texas, complained that they couldn’t find office space, hotel rooms or banquet halls, hedge fund co-founder Joseph Jacobs saw a big opportunity. More »
Alberta looks at renewable energy amid push for Keystone
Alberta may boost the use of renewable energy to cut carbon dioxide emissions as the province lobbies U.S. officials to approve TransCanada Corp. (TRP)’s Keystone XL pipeline. More »
IEA cuts world oil-demand forecast
The International Energy Agency slashed its forecasts for global oil demand in 2013, predicting the weakest consumption in Europe since the 1980s. More »
BHP pushes domestic use of US shale oil and gas
BHP Billiton Ltd. (BHP), the biggest mining company, said the shale boom in the U.S. will spur an industrial revival, as legislators continue debate over exporting the nation’s shale bounty. More »
Fracking doesn’t cause significant earthquakes, study says
Hydraulic fracturing used to access oil and gas from rock and shale hasn’t caused “significant” earthquakes, according to a study by Durham University. More »
Iran’s crude exports declining due to sanctions, IEA says
Iran’s crude exports declined in March to the lowest this year as international sanctions aimed at the Persian Gulf country’s nuclear program and weaker global demand cut purchases, the International Energy Agency said. More »
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