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Buffett to expand energy wager ‘as far as the eye can see’

Berkshire Hathaway Inc., which has struck deals to expand its utility business in Nevada and Western Canada, plans more investment in the industry, in part by betting on renewable power, Chairman Warren Buffett said.  More »

Norway’s oil lobby told age of no state interference is over

Producers in western Europe’s biggest oil and gas exporter must brace themselves for a new legislative age that will disrupt the status quo, according to Norway’s Green Party.  More »

Germany CEOs lament lost innovation amid fracking angst

The country that invented the modern car and X-ray technology is adding fracking to the list of innovations it’s wary of.  More »

Buffett ready to double $15B solar, wind bet

Warren Buffett briefly lost track of how many billions of dollars his Berkshire Hathaway Inc. is spending to build wind and solar power in the U.S. That didn’t stop him from vowing to double the outlay.  More »

IEA cuts gas use growth forecast as coal, renewables gain

Global natural gas demand will increase at a slower rate than previously expected through 2019 amid weaker economic growth and competition from coal and renewables, according to the International Energy Agency.  More »

UN: Oil search in Northern Somalia risks stoking tension

Two semi-autonomous areas of northern Somalia have largely avoided the violence that’s plagued the rest of the country for decades. Now oil exploration may change that, according to the United Nations.  More »

Shell launching search for new chairman

Royal Dutch Shell Plc, Europe’s largest oil company, has started a search for a new chairman because Jorma Ollila is approaching nine years on the board, the maximum recommended for non-executives in the U.K., a person familiar with the process said.  More »

Transocean CEO: Rig supply outpacing drilling demand (video)

Steven Newman, chief executive officer for Transocean Ltd., talks about the outlook for oil rig demand and oil exploration. Newman also discusses the impact of activist shareholder Carl Icahn on the company.  More »

Hedge funds retreat from record crude wagers

Speculators cut bullish bets on U.S. crude oil from a record as inventories were close to a seasonal high following the Memorial Day weekend.  More »

Texas cash-from-carbon program lures climate skeptics

Technologies to package and reuse carbon dioxide, instead of releasing emissions into the atmosphere, are emerging as President Barack Obama steps up his fight against global warming.  More »

Energy industry places big bets on Republican Senate victory

Energy companies are giving more to Republicans to help them win a U.S. Senate majority and counter President Barack Obama’s environmental agenda.  More »

Buffett’s $26 billion power bet seen paying off

Warren Buffett’s $26 billion bet on western U.S. power plants, transmission lines and wind farms is poised to pay off.  More »

Chesapeake faces new charges on Michigan leasing

Chesapeake has denied the allegations and has withdrawn from exploration in Michigan.  More »

Hydrogen fuel finally graduating from lab to city streets

Once relegated to the realm of science projects, hydrogen fuel cells are starting to displace fossil fuels as a means of powering cars, homes and businesses.  More »

Obama officials seek Democratic support for EPA coal rule

Top advisers to President Barack Obama are trying to sell fellow Democrats in theU.S. Senate on the administration’s plan to cut greenhouse-gas emissions from power plants.  More »
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