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Canada sees US as emerging competitor

Canadian Natural Resources Minister Joe Oliver said the prospect of the U.S. becoming the world’s biggest crude producer will transform it from a customer into a “competitor,” underscoring the need to build Canadian pipelines to reach Asian markets.  More »

Iran plans to meet foreign oil companies to seek investment

Iran plans to meet with international oil companies as soon as March to try to entice investors to its energy industry once world powers lift sanctions, the Persian Gulf state’s oil minister said.  More »

Shell, GE to build nation’s first LNG fueling stations for cargo ships

Royal Dutch Shell Plc, General Electric Co. and a company co-founded by T. Boone Pickens are planning investments in natural-gas-powered shipping as record U.S. output spurs the merchant fleet to use a new fuel.  More »

Ex-BP engineer destroyed evidence, prosecutor says

Kurt Mix’s criminal case is the first arising from the disaster to go before a jury  More »

Baker Hughes cuts Brazil staff as Halliburton wins contracts

Baker Hughes, the world’s third largest oilfield services provider, is reducing its workforce in Brazil after losing contracts with Petroleo Brasileiro SA to competitor Halliburton Co., an oil union said.  More »

Keystone foe Steyer brings fight to site of Obama pledge

As the U.S. prepares to release an environmental review of the proposed Keystone XL pipeline, opponents are arguing that the project can’t meet a standard for carbon emissions that President Barack Obama set in June.  More »

Petrobras falls as Brazil fails to phase out fuel subsidy

Petroleo Brasileiro SA fell the most in five years after the government failed to meet a request by the state-run company to disclose a clear policy for phasing out fuel subsidies that have cut earnings and increased debt.  More »

Canada at crossroads in bid to become energy superpower

Canada’s bid to become what Prime Minister Stephen Harper calls an energy “superpower” is at risk as approval delays for new pipelines threaten an industry already hurt by high costs and rival production.  More »

BP wins order stopping some spill payments

“The district court erred by not considering the arguments on causation,” an appellate panel said.  More »

OPEC inaction masks looming supply glut in 2014

Even with OPEC forecast to keep its output quota unchanged at a meeting this week, falling oil demand and prospects for increased supply from some member states mean the group’s leader, Saudi Arabia, will have to cut production anyway.  More »

Dubai oil premium reaches two-year high as Shell buys record

Middle East crude for immediate delivery traded at its biggest premium in two years to later shipments last month after Royal Dutch Shell Plc bought an unprecedented number of cargoes.  More »

Statoil: Once-joined continents may have similar oil prospects

Statoil says offshore oil finds in Eastern Canada may hint at similar reservoirs thousands of miles away in West Africa because the continents once were joined.  More »
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