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Macquarie fund buys terminals business in American expansion

A fund managed by Macquarie Group Ltd. agreed to take full control of a U.S. bulk liquid terminals operation for $1.03 billion in cash and stock as Australia’s largest investment bank expands its North American businesses.  More »

Norwegian oil services strike averted

Norway’s Industri Energi union and the oil and gas producer lobby reached an agreement on pay, averting a strike at companies including Halliburton Co., Schlumberger and Baker Hughes.  More »

Cash for city means mum’s the word on pipeline

TransCanada bought an emergency vehicle for a Canadian town under a contract whose provisions include the town’s agreement not to comment on the company’s pipeline activities.  More »

Trains keep rolling from Permian Basin

Trains will roll all month out of the Permian Basin, the largest onshore U.S. oil field, as production outpaces pipeline capacity and a refinery outage saps demand.  More »

Record LPG exports will drive ship market growth, Latsco says

Increased U.S. exports of liquefied petroleum gas amid higher shale oil production will boost demand for ships that carry gases such as propane, butanes and ethane, according to the director of Latsco Shipping Ltd., said  More »

Cape Wind receives major loan guarantee from feds

Cape Wind Associates LLC received a conditional $150 million loan guarantee from the U.S. Department of Energy for its project off the coast of Massachusetts.  More »

Bakken Shale oil explorers told to cut flaring or face punishment

Energy companies that don’t curb so-called gas flaring will face limits on the amount of oil they can pump from the Bakken shale formation, the North Dakota Industrial Commission said in a statement today.  More »

Renewables to get most of $7.7 trillion power investments

Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels.  More »

All roads lead to gas as GE, Siemens vie for new markets

With gas set to be the fastest growing fossil fuel over the next 20 years, deals to tap into the coming boom are growing.  More »

Russian hackers threatening power companies, researchers say

A Russian group of hackers known as “Energetic Bear” is attacking energy companies in the U.S. and Europe and may be capable of disrupting power supplies, cybersecurity researchers said.  More »

New York cities win right to ban fracking

New York’s cities and towns can block hydraulic fracturing within their borders, the state’s highest court ruled, dealing a blow to the oil industry.  More »

Utility deals heating up with gas glut

Near-zero interest rates and low power prices caused by a glut in natural gas are increasing the appeal of regulated utility assets, which offer stable cash flow and returns.  More »
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