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Saudi gas reserves up as Aramco taps new shale deposits

Saudi Arabia’s natural gas reserves rose last year as it explored for the fuel in the Red Sea and tapped shale gas to free more crude oil for export, according to the kingdom’s state-run oil company.  More »

Dominion LNG export project clears U.S. environmental review

Dominion Resources plan to export liquefied natural gas cleared a U.S. environmental review, a key step toward final approval as supporters in Congress seek to expedite overseas shipments of the fuel.  More »

Norway oil-strikes risk mounts as more workers break off talks

Oil-service workers in Norway followed offshore-platform workers in breaking off wage talks with employers, raising the prospect of another strike in the oil and gas industry two years after a walkout hit output.  More »

IEA sees higher demand for OPEC crude this year

The Organization of Petroleum Exporting Countries will need to provide an average of 30.7 million barrels a day in the second half, or 800,000 a day more than it pumped last month, the IEA said today.  More »

Canada to boost pipeline safety as Northern Gateway ruling nears

Canada is increasing the liability of pipeline operators for spills and giving regulators more power to enforce safety measures.  More »

Shale boom sends U.S. crude production to 28-year high

Output rose 78,000 barrels a day to 8.428 million, the most since October 1986, according to Energy Information Administration data.  More »

Exxon’s Norway oil fields risk shutdown by strike over pensions

The Safe union will order as many as 154 offshore-platform workers to walk out if the talks fail, paralyzing production at the Ringhorne, Jotun and Balder fields, the group’s leader Hilde-Marit Rysst said by phone.  More »

Chevron first major oil producer seeking Pemex partnerships

Chevron Corp., the world’s third-largest energy company by market value, became the first major international oil producer to reveal partnership plans with state-run Petroleos Mexicanos since Mexico signed landmark legislation to reopen its doors to foreign producers.  More »

Gazprom threatens to halt gas shipments to Ukraine on June 3

OAO Gazprom, Russia’s gas-export monopoly, will stop supplying gas to Ukraine on June 3 unless it starts making payments for fuel supplies.  More »

Investigators seek breakthrough a year after EU raided Big Oil

Twelve months after raiding oil companies and Platts in a hunt for evidence of possible manipulation of price benchmarks, European Union officials are looking for a breakthrough.  More »

Drilling pioneer sees fracking from sea to shining sea

It’s time for the shale revolution to push west, says geologist Kent Bowker. Pressed to reveal a more specific location for his “super-secret” potential bonanza, Bowker joked, “Is this guy a landman?”  More »

EPA considers requiring disclosure of fracking chemicals

The agency could require companies to give the government details on what’s being used to break apart shale rock and release trapped oil and gas, according to a notice today on Reginfo.gov.  More »
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