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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 »

UK audit questions $28 billion of clean power projects

The U.K.’s National Audit Office said it’s not convinced the government decision to award 16.6 billion pounds ($28 billion) of contracts to eight clean-energy projects is worth the risk to taxpayers.  More »

Statoil CEO warns ballooning costs may hamper recovery goals

Surging costs for drilling and maintenance risk hampering Statoil ASA’s goal to boost the recovery rate at its Norwegian offshore oil fields to 60 percent, Chief Executive Officer Helge Lund said.  More »

Lukoil to build $30 billion cash pot after debt freeze

At Russia’s largest private-sector oil company, the Ukraine crisis is forcing a change of strategy.  More »
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