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Prime Minister: Ivory Coast’s soaring oil output will rival Ghana

Ivory Coast Prime Minister Daniel Kablan Duncan said his nation will boost oil production within five years to 200,000 barrels a day, rivaling neighboring Ghana as stability returns to a country racked by a decade of turmoil.  More »

Natural gas rises second day on coldest US weather in decade

Natural gas rose for a second day in New York as arctic air sweeping across the U.S. boosted demand for the heating fuel.  More »

Speculators cut natural gas wager on fading polar blast

Hedge funds became less bullish on natural gas for the first time in six weeks as the coldest weather in almost 20 years gives way to higher temperatures.  More »

German power costs to fall further as coal expands

Power prices in Germany, Europe’s biggest electricity market, probably will weaken for a record fourth consecutive year as utilities add the most coal-fired capacity in more than a decade.  More »

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 »