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Pemex to buy U.S. natural gas via a Swiss trading house

A subsidiary of Petroleos Mexicanos will form a joint venture with Geneva-based Mercuria Energy Group Ltd. to handle the gas and will aim to be one of the five largest participants in the North American natural gas market.  More »

Chevron gets approval for $1 Billion Calif. refinery project

Chevron must meet several conditions imposed by the Richmond planning commission while installing a new hydrogen plant at its complex, including limits on sulfur processing and emissions.  More »

Total pledges cost cuts after record-low output hurts profit

Total is counting on new projects to increase its oil production to 2.6 million barrels a day in 2015 and to about 3 million barrels two years later.  More »

Chesapeake boosting Wyoming holdings

Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash.  More »

Pemex predicts lowest production in more than two decades

The forecast was lowered to 2.41 million barrels of oil a day from a prior projection of 2.5 million, said Gustavo Hernandez, Pemex’s head of exploration and production.  More »

LyondellBasell profit exceeds estimates as plastics gain

LyondellBasell has been riding the wave of cheap natural gas production in the U.S.  More »

Cheniere to ‘reassess’ bonus plan for its CEO

Cheniere, based in Houston, gave CEO Charif Souki a $142 million compensation package in 2013,  More »

Repsol said to explore bid for Talisman Energy

Talisman has a market value of about $10.2 billion.  More »

Mexico’s Senate approves energy overhaul

Opponents, primarily from the Democratic Revolution Party, or PRD, denounced the move as treason.  More »

U.S. sanctions hit Russian energy, other companies

Among the companies hit were OAO Rosneft, Russia’s largest oil company,  More »

Canada extends review of Kinder’s $5 billion pipeline expansion

The Trans Mountain project would bring additional output from Alberta’s oil sands to Canada’s Pacific Coast.  More »

BP workers can sue over retirement losses tied to spill, court says

The plan managers “knew or should have known, based on a variety of sources, that BP shares were not a prudent investment,” the workers alleged in their complaints.  More »
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