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Devon Energy posts third-quarter profit on higher production

Devon has narrowed its focus to onshore North America after selling assets in the Gulf of Mexico and Brazil in recent years.  More »

Oil industry may invoke trade law to challenge export restrictions

The U.S. oil industry, riding a domestic energy boom, is preparing to challenge restrictions on crude exports, possibly by arguing that limits designed to keep petroleum in America may violate international trade rules.  More »

Ecuador judge says Chevron ruling was his own work

Chevron claims in a racketeering case that the plaintiffs in the environmental case won the ruling through bribery and fraud.  More »

TransCanada’s quarterly profit rises on higher power prices

TransCanada Corp., the Calgary-based company seeking to build the Keystone XL oil-sands pipeline, said third-quarter profit rose 30 percent as it took advantage of higher electricity prices.  More »

Ukraine announces natural gas deal with Chevron

The Ukrainian government signed a production-sharing agreement with Chevron for extraction of shale gas in the Oleske field, Energy Minister Eduard Stavytskyi said today at a press conference in Kiev.  More »

Panama Canal’s LNG surprise will redefine trade in fuel

When the newly widened Panama Canal opens in 2015, it will handle an estimated 12 million metric tons of liquefied natural gas annually, a cargo planners didn’t even envision when starting the $5.25 billion expansion in 2007.  More »

EU nations urged to overhaul energy markets state support

The European Union presented a set of recommendations for governments to improve their state-aid mechanisms in energy markets, including support programs for renewable energy  More »

Pioneer jumps after reporting record Permian exploration results

Pioneer Natural Resources Co., the energy explorer whose shares have doubled in value this year, rose as much as 5.8 percent after reporting record exploratory results in the Permian Basin.  More »

Ecuador lawsuit backer tells Chevron judge he advised settling

A lawyer who helped fund pollution litigation in Ecuador against Chevron Corp. that resulted in a $19 billion judgment told a New York judge he became concerned about how the case was being handled and recommended plaintiffs settle.  More »

Biofuel makers mount last-ditch lobby push on EPA

Companies that make biofuels from corn husks, soy and other materials are mounting a last-ditch lobbying campaign to prevent a weakening of the U.S. renewable-fuel mandate, saying a lower requirement would set back an industry that is ready to blossom.  More »

Fracking limits weighed as Colorado drillers back ad blitz

With three days before the election, an energy trade group has donated about 32 times more than activists in four Colorado communities in a push to persuade residents to vote against limiting oil and gas drilling.  More »

Oil rigs rise to two-month high on Permian drilling

Rigs targeting oil in the U.S. advanced for the first time in four weeks to a two-month high as producers increased drilling in the Permian Basin, the biggest oil-producing region in the U.S.  More »
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