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US oil exports boil down to industry profit

When Big Oil began preparing last year to challenge the decades-old rules against exporting U.S. crude, the debate seemed fanciful.  More »

As Russia stumbles, Gazprom comes up $910B short

In 2007, Gazprom aspired to be the world’s largest company, with an executive predicting its market value would quadruple to $1 trillion in as little as seven years. He was off by $910 billion.  More »

Gazprom stops courting US investors after Crimea crisis

The shift shows how the worst crisis in Russian relations with the U.S. and Europe since the Cold War is feeding into financial and economic relationships.  More »

Report: Bakken oil output to soar as spending hits $15B

Oil production in North Dakota and Montana’s Bakken and Three Forks formations will average 1.1 million barrels per day this year, according to estimates announced Wednesday by a research firm.  More »

Old math casts doubt on accuracy of oil reserve estimates

Billions of barrels of untapped shale oil in the U.S. are counted by companies relying on limited drilling history that exaggerate future production, casting doubt on how close the U.S. is to energy independence.  More »

Foreign frackers now find comfort in water-hungry Spain

A few years ago, fracking in Spain seemed as likely as bullfighting in Britain. But these days, energy companies from Texas, Canada and Ireland are trying to capitalize on geology that indicates Spain has sizable shale reserves.  More »

US gasoline prices reach six-month high as ethanol climbs

U.S. consumers are paying the most in six months for gasoline because of declining supplies and rising costs for the ethanol added to the fuel. And prices probably will keep climbing.  More »

Kior dodges default with $25M financing agreement

Kior Inc., the owner of the first commercial-scale cellulosic biofuel plant in the U.S., surged the most in six months after billionaire backer Vinod Khosla agreed to provide as much as $25 million in financing, making good on a commitment from last month.  More »

Gazprom raises gas export price as Ukraine looks for cash

Russia’s natural-gas export monopoly raised prices for Ukraine 44 percent after a discount deal expired, heaping financial pressure on the government in Kiev as it negotiates international bailouts.  More »

Energy industry targeting carbon to clean up business

Buoyed by gas, the fossil-fuel industry is trying to bask in a newfound green image.  More »

BP reducing workforce in Brazil

BP attributed the operational gap to the “lumpy” nature of the business.  More »

Pipeline feeding Gulf Coast wins approval to restart after major spill

Exxon Mobil Corp. has approval to restart the southern leg of its Pegasus oil pipeline, which was shut after a spill in Arkansas a year ago, federal regulators said in a letter dated Monday.  More »
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