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Asia eyes US natural gas as Louisiana shale profits taper

As early as next year, cargoes of liquefied natural gas shipped from Gulf Coast terminals to fast-growing Asian countries will propel the region into the ranks of global gas exporters such as Qatar and Australia for the first time.  More »

Judge’s ruling gives Obama an out on Keystone XL

A Nebraska judge’s decision throwing out the Keystone XL pipeline route in the state may push President Barack Obama’s final decision on the contested project until after the midterm congressional elections.  More »

Shale gas halted in UK by six-month permit wait

In Texas it takes seven days to get permission to use hydraulic fracturing to drill for oil and gas. In the U.K. the wait is six months.  More »

How a CEO reacts when Robert Redford pegs him a villain (video)

When Russ Girling took the top job at TransCanada in 2010, he assumed that the U.S., Canada’s longtime chief energy partner, wanted Keystone XL and the heavy oil-sands crude that would feed Gulf Coast refineries that had undergone multibillion-dollar retrofits to accept it. Since then, the politics have grown fractious.  More »

Canadian Natural acquires Devon assets for $2.9B

Canadian Natural Resources Ltd., the nation’s biggest producer of heavy oil, agreed to buy Devon Energy Corp.’s conventional oil and natural-gas fields in Canada for $2.86 billion in cash.  More »

Obama heads to Mexico amigos meeting strained by Keystone

Canadian Prime Minister Stephen Harper’s frustration with U.S. PresidentBarack Obama’s failure to approve the Keystone XL pipeline may make this installment of the North America summit, known as the “Three Amigos,” the frostiest since the annual meetings began almost a decade ago.  More »

Sanchez Energy shares drop after watery well report

An Eagle Ford well yielded more water than oil.  More »

Speculators bullish on US oil as Keystone’s southern leg eases glut

Hedge funds became the most bullish on U.S. crude oil in more than five months as a new pipeline from Oklahoma to Gulf Coast refineries eased a supply bottleneck, driving prices above $100 a barrel.  More »

Enbridge reports first quarterly loss in two years on hedging

Enbridge Inc., the largest transporter of Canadian crude to the U.S., reported its first quarterly loss in two years on hedging contracts.  More »

Coal burns brighter as utilities switch from natural gas

Natural gas prices at a four-year high have utilities shifting to coal to generate 4.519 million megawatt-hours a day, the most since 2011, government data show.  More »

Carbon capture could raise wholesale energy price 80 percent

Requiring the use of carbon capture and sequestration technologies at coal-fired power plants could increase the wholesale price of electricity between 70 percent and 80 percent, an Energy Department official said.  More »

Con Edison to calculate benefits of preparing utility for climate change

Electric utility Con Edison will conduct an economic analysis to quantify the benefits of preparing its infrastructure for the impacts of climate change, a company official said Feb. 10.  More »
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