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Natural gas wagers jump on tumbling supplies

Hedge funds increased bullish bets on natural gas for the fifth time in six weeks as arctic weather stoked demand for the heating fuel, depleting stockpiles and sending prices to a five-year high.  More »

Massive oil ships play ‘chicken’ in the Houston Channel

All along this 52-mile (84-kilometer) shipping lane, there are signs of the energy resurgence that BP Plc says might enable the U.S. to meet all its own needs by 2035.  More »

Keystone’s future in hands of Nebraska’s new pipeline regulator

A Nebraska agency faulted over campaign donations from regulated companies may soon decide the fate of Keystone XL, its first review of an oil pipeline.  More »

Arctic oil still seen decades off as producers balk at costs

The Arctic holds 30 percent of the world’s undiscovered natural gas reserves and 13 percent of its undiscovered oil, according to U.S. Geological Survey estimates. Still, exploration of the Arctic ocean floor, where 84 percent of these resources are thought to be trapped, has suffered setbacks in recent years.  More »

Exxon boosts crude oil portion of reserves

Exxon Mobil Corp. increased the proportion of its reserves made up of oil to the highest in a decade as shale-drilling expertise acquired in the $35 billion XTO Energy deal was mobilized to find crude.  More »

Shell sells Australian assets for $2.6 billion

Vitol Group agreed to pay about $2.6 billion for Royal Dutch Shell Plc’s Australian refinery and filling stations as Europe’s largest oil company accelerates asset sales.  More »

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 »
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