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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 »

Whiting to buy Kodiak, creating larger North Dakota player

Whiting Petroleum Corp. agreed to buy Kodiak Oil & Gas Corp. for about $3.8 billion in stock, creating what it called the largest oil producer in the Bakken/Three Forks region of North Dakota.  More »

U.S. Imposes duties on steel pipe imports from South Korea

he U.S. Commerce Department set duties from 9.89 percent to 15.75 percent on Korean pipe, which is used in oil drilling, according to a fact sheet released today by the agency. Last year, pipe worth $818 million was exported to the U.S. from South Korea.  More »

Oil demand up fastest since 2010 on China, IEA says

Global oil demand will rise at the fastest pace in five years in 2015 as China leads gains in emerging economies, the International Energy Agency said.  More »
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