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Opinion: Fracking boom could finally cap myth of peak oil

The U.S. oil market could be on the verge of its own fracking revolution, similar to what the natural-gas market is already experiencing. As a result, domestic production is now projected to rise significantly over the coming decades, reducing the relative share of imports in U.S. oil consumption.  More »

Russia says Arctic surveys may add to its continental shelf

Geographic surveys conducted in 2011 in the Russian Arctic could add as much as 1.2 million square kilometers (463,000 square miles) to Russia’s continental shelf, according to the Natural Resources Ministry.  More »

Ohio tries to avoid being dumping ground for fracking fluid

The millions of gallons of chemical- laced wastewater that fracking produces must flow somewhere, and Ohio (STOOH1) is trying not to be that place.  More »

BP must indemnify Halliburton for Gulf oil spill

BP Plc must indemnify Halliburton Co. for damages stemming from the 2010 Gulf of Mexico oil spill.  More »

Cameron sues insurer for refusing to pay BP settlement

Cameron International Corp., facing thousands of claims from the 2010 Gulf of Mexico oil spill, sued one of its insurers for allegedly refusing to pay $50 million in coverage, a move the manufacturer says threatened a $250 million settlement with BP Plc. (BP/)  More »

Shell seen raising dividend for first time since 2009

Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, will write off about $200 million because of an unsuccessful well off the coast of Tanzania, according to Sanford C. Bernstein & Co.  More »

Canadian natural-gas producers to disclose fracking fluids

Canadian natural-gas producers have voluntarily adopted standards to disclose fluids used in hydraulic fracturing amid investigations into the risks posed by the drilling technique in Canada and the U.S.  More »

Nigeria to ask for compensation from Shell on Bonga spill

Nigeria will “soon” ask for compensation for an oil spill from Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, President Goodluck Jonathan said.  More »

Nabors $7.2 Billion takeover seen with surging options

Nabors Industries Ltd. (NBR) has gotten so cheap that traders in the options market are betting the world’s largest land-drilling contractor may be a takeover candidate after the departure of its 81-year-old chief executive officer.  More »

Africa seen mirroring Brazil in Atlantic coast drilling

The world’s next great oil finds may be buried under a layer of salt more than two miles beneath the seabed off Africa’s Atlantic coast.  More »

Oil markets could withstand Iran attack shock

More than 70 percent of investors say an attack on Iran’s nuclear facilities would create only a short-term disruption in oil markets, according to a quarterly Bloomberg Global Poll.  More »

EU has adequate rules on shale gas exploration, study shows

The European Union has adequate legislation to protect the environment as companies explore for shale gas in several member states, a study commissioned by the EU regulatory arm showed.  More »

Eagle Ford oil production to grow to 421,000 BPD by 2015

Oil production from the Eagle Ford formation in Texas will increase to 421,000 barrels a day by 2015, said John O’Shea, chief executive officer of Tradition Midstream LLC.  More »

Electric-car use to reach tipping point in 2015

Better Place LLC, a U.S. startup developing charging stations for electric vehicles, predicts the “tipping point” for electric car use will come as soon as 2015, Chairman Idan Ofer said today.  More »

Shell CEO talks oil prices, regulation, Europe crisis

Peter Voser, chief executive officer of Royal Dutch Shell Plc, discusses the European crisis and the role of businesses and governments in driving the economy.  More »