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Noble Energy and Israeli partners ink deal to supply West Bank plant

Noble Energy and its Israeli partners in an offshore natural gas field will get about $1.2 billion to supply a Palestinian power plant in the West Bank for the next 20 years.  More »

Exxon Russia ambitions show oil trumps Obama-Putin spats

As Barack Obama and Vladimir Putin argue over human rights in Russia and the fate of fugitive U.S. intelligence analyst Edward Snowden, the countries’ biggest oil companies are preparing to drill for giant discoveries together in the Arctic Ocean.  More »

Former BP engineer alleges jury misconduct

Kurt Mix was convicted Dec. 18 of one count of destroying evidence.  More »

Oil forecasters see second year of price declines

Brent crude prices, the benchmark for half the world’s oil, will weaken for a second year in 2014 as U.S. output expands and threats to Middle East and North African supply ease, the most-accurate forecasters said.  More »

Russia dropping criminal charges against 30 Greenpeace protesters

Russia’s Investigative Committee is dropping criminal charges against all 30 Greenpeace activists arrested in September for a protest against Arctic oil drilling by state-run OAO Gazprom, the group said.  More »

Siemens to supply $2.6B US offshore wind plant

Siemens AG, Europe’s biggest engineering company, agreed to supply turbines to the $2.6 billion Cape Wind project, the first offshore wind farm planned in the U.S.  More »

Occidental agrees to pay former CEO $14M to settle termination

Occidental Petroleum Corp., the largest oil producer in the contiguous U.S., agreed to pay former Chairman Ray Irani $14 million as part of a settlement for his separation from the company.  More »

Speculators ‘throwing money’ at natural gas on icy blast

Hedge funds got more bullish on natural gas as a blast of cold air swept across the U.S., pushing prices to the highest level in more than two years.  More »

Obama will approve Keystone XL pipeline, CEO says (video)

Rejecting TransCanada Corp. (TRP)’s $5.4 billion Keystone XL pipeline due to carbon emissions in the oil sands would set a precedent for all U.S. infrastructure projects, Chief Executive Officer Russ Girling said.  More »

Several energy ministers say no OPEC cut needed

Ministers from Saudi Arabia, Kuwait and Iraq said OPEC needn’t cut production next year to make room for additional supplies from Iran, Libya and U.S. shale oil.  More »

WTI-Brent spread narrowing as US exports record fuels

The price gap between the world’s two biggest oil benchmarks probably will narrow next year as U.S. exports of refined fuels reach a record and crude supply from the Middle East and North Africa expands.  More »

Putin to pardon Khodorkovsky after decade in jail

Mikhail Khodorkovsky, the jailed former owner of Yukos Oil Co., will receive a pardon, ending a case that symbolized the lack of rule of law in Russia since President Vladimir Putin came to power more than a decade ago.  More »