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TransCanada pushes Keystone XL pipeline start to 2016

TransCanada Corp. pushed the start date for its $5.4 billion Keystone XL oil pipeline into 2016, the second delay this year as the company awaits U.S. approval for the project.  More »

Chevron adversary says ‘juicy check’ for fees was a joke

A Manhattan lawyer who’s spent his career battling Chevron Corp. over pollution in Ecuadorsaid he may collect as much $600 million in fees if his court victory in the South American nation is enforced.  More »

Oil’s future draws Blood and Gore in investment portfolios

Bloomberg New Energy Finance says peak demand for fossil fuels could happen in 2030. The risk: Oil and coal companies worth more than $7 trillion may be sinking billions of dollars today into projects that will never make sense to finish.  More »

Shale revolution spreads with record wells outside US

The hydraulic fracturing of shale in search of oil and gas has hardly started outside the U.S., but that’s changing.  More »

Tennessee Valley Authority defies McConnell with coal cut

The Tennessee Valley Authority said it will cut its use of coal-fired electrical generation by about half of current levels, shuttering some units and converting others to burn natural gas to meet tighter emission-control regulations.  More »

Oil swings after biggest gain in week

West Texas Intermediate traded near a five month low on signs of expanding supplies, while Brent advanced amid disruptions in Libya, widening the spread between the two crudes to the most since April.  More »

US to be top oil producer by 2015 on shale, IEA says (video)

The U.S. will surpass Russia and Saudi Arabia as the world’s top oil producer by 2015, and be close to energy self-sufficiency in the next two decades, amid booming output from shale formations, the IEA said.  More »

Shell to sell off $15B in assets to offset spending

Royal Dutch Shell Plc is gearing up to sell about $15 billion of assets as Europe’s largest oil company accelerates disposals to offset the cost of projects from Australia to Canada.  More »

Tea Party’s green faction fights for solar in red states

A Georgia splinter group known as the Green Tea Coalition, which is part of the broader anti-big-government movement, is reviving the Republican link with the Sierra Club on the view that plunging prices for solar panels may mean consumers don’t need to buy all their electricity from utilities and their giant centralized generation plants.  More »

Carlyle seeking $7B for energy by 2015 to meet demand

Carlyle Group LP, the world’s second-biggest manager of alternative investments to stocks and bonds, plans to raise $7 billion for energy funds in the next two years.  More »

Transocean reaches $1.1 billion dividend accord with Icahn

Oil driller Transocean has agreed to a deal with billionaire investor Carl Icahn after a months-long proxy fight.  More »

Sheikh’s debt deal for Exxon LNG stake may prompt offers

A convertible debt deal struck during the 2008 financial crisis led by billionaire Sheikh Mansour bin Zayed Al Nahyan of Abu Dhabi is set to trigger a contest for a slice of a $19 billion natural gas project.  More »
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