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GE’s $17 billion energy merger in jeopardy (photos)

General Electric Co. (GE), seeking approval from France’s government for its $17 billion Alstom SA (ALO) energy bid, is in early-stage talks with nuclear-plant maker Areva SA (AREVA) and other French companies about asset sales or partnerships, people familiar with the matter said.  More »

Natural gas bets drop to five-month low on US supply

Faster-than-expected gains in U.S. natural-gas inventories are easing concern that a shortage is looming next winter, spurring speculators to cut bullish bets.  More »

Average US gasoline price falls in Lundberg Survey

The average price for regular gasoline at U.S. pumps fell 3.49 cents in the past two weeks to $3.6876 a gallon, according to Lundberg Survey Inc.  More »

Moody’s: Some utilities would benefit from lengthy Russia gas outage

Higher gas prices would lift power costs in nations where gas is the “marginal fuel,” such as the U.K. and Italy, Moody’s analysts Paul Marty and Monica Merli in London said in a report e-mailed Friday.  More »

Piping Tamar gas to Egypt may boost another Israeli site

A deal to pipe natural gas from Israel’s Tamar gas field to Egypt may spur development of a larger reserve nearby, benefiting partners in both discoveries.  More »

Eygptian gas deal may spur more Israeli offshore development

A deal to pipe natural gas from Israel’s Tamar gas field to Egypt may spur development of a larger reserve nearby, benefiting partners, including Houston’s Noble Energy, in both discoveries.  More »

In Exxon reptile win, scales of justice tip on gator genealogy

Exxon Mobil Corp. isn’t responsible for alligators overrunning a rural dump site it owns in Mississippi, the state supreme court ruled, because the global oil explorer can’t control wild animals.  More »

Energy rigs in U.S. climb to tie highest count since 2012

Rigs targeting oil and natural gas in the U.S. increased this week, tying a 20-month high, as energy producers used a record number of horizontally drilling ones to reach deposits in shale formations in the middle of the country.  More »

Energy Future sued by lenders’ trustee for $665 million

nergy Future isn’t entitled to a “windfall” from failing to pay the premium owed for early redemption of debt, CSC Trust Co. of Delaware, which represents most holders of a unit’s $3.5 billion in 10 percent senior secured notes, said in the lawsuit  More »

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 »
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