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Judge holds Anadarko’s Kerr-McGee liable

The company may have to pay as much as $14 billion related to environmental cleanup and health claims.  More »

Keystone pipeline bigger for producers than TransCanada

For producers, Keystone is the earliest export line scheduled to ease bottlenecks which have helped push Canadian heavy crude $27 a barrel below the U.S. benchmark and are costing the industry about C$18 billion a year, according to Chevron Corp.  More »

IEA boosts 2014 global oil demand forecast on US recovery

A “reasonably robust recovery” and lower gasoline prices in the U.S. are helping stoke demand in the world’s largest oil user, the IEA said.  More »

Fracking boom pushes US oil output to 25-year high

U.S. crude production rose to the highest level in a quarter-century as a shale drilling boom in states such as Texas and North Dakota cut the need for foreign oil and pushed the country closer to energy independence.  More »

OPEC pumps least crude in more than 2 years

OPEC reduced crude production in November to the lowest level in more than two years as output dropped below the organization’s 30 million barrel-a-day ceiling for a third month.  More »

US solar gained 35% in third quarter

Developers installed 930 megawatts of photovoltaic solar capacity in the U.S. during the third quarter and are on pace to almost double that, according to the Solar Energy Industries Association.  More »

Canada wages soar 60% higher than US amid labor shortage

Energy companies trying to raise almost $50 billion for Canada’s first network of natural gas export terminals will face an even more basic challenge: finding the workers to build them.  More »

Keystone foe John Podesta joins Obama inner circle

John Podesta’s return to the White House places an opponent of the Keystone XL pipeline within President Barack Obama’s inner circle as the administration weighs whether to approve the project.  More »

Big Oil anticipates 10-fold surge in carbon cost

International oil producers are girding for carbon emission costs that may surge to almost 10 times the current prices in Europe, the world’s largest greenhouse gas market, as governments around the world step up efforts to curb climate change  More »

Keystone backers await report vital to pipeline’s fate

Supporters and foes of TransCanada Corp.’s Keystone XL pipeline are bracing for the release of an environmental analysis from the U.S. government that could determine the $5.4 billion project’s fate.  More »

BP investors can’t sue as group over losses, judge says

BP ’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court decision.  More »

China doubles pace of adding renwables amid pollution cut

China is on course by 2035 to add more electricity generating capacity from renewables than the U.S., Europe and Japan combined, according to the International Energy Agency.  More »