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Private equity shifts shale strategy as land grab ends

For KKR & Co. (KKR) and Apollo Global Management LLC (APO), leaders of the biggest shale-field buyouts, the difference between failure and success may come down to 93 days.  More »

BP ends renewables energy target after $8.3B spend

BP Plc, recovering from an oil spill that may cost it as much as $42 billion, said it hasn’t set a new target for investing in renewable energy after funneling $8.3 billion into the business.  More »

Methanol as fuel substitute gets chilly US reception

Backers of using methanol from natural gas as a substitute for gasoline got a chilly reception from a federal official who said he is skeptical the fuel will gain widespread adoption for use in cars and trucks.  More »

SolarCity posts profit on rooftop demand, tax benefit

SolarCity Corp., the biggest U.S. solar power provider by market value, posted a profit in the fourth quarter as demand for rooftop power systems surged and a tax benefit boosted results.  More »

Texas biofuel maker’s stock falls after warning of possible bankruptcy

Kior Inc., the operator of the first U.S. commercial-scale cellulosic biofuel plant, fell the most on record after management told regulators they have serious doubts about staying in business.  More »

California may cut gasoline demand 9 percent by 2020

California may cut gasoline demand by at least 9 percent through 2020 as consumers switch to greener cars and state and federal policies boost efficiency.  More »

Lawyer to appeal ruling in Chevron-Ecuador case

The ruling left Steven Donziger with a slimmer chance of securing compensation for rain-forest dwellers in Ecuador’s Lago Agrio area.  More »

Hedge funds cut record bets on crude as inventories gain

Expanding U.S. oil supplies and production spurred hedge funds and other speculators to cut record bets on rising West Texas Intermediate crude prices.  More »

Tackling gas corruption means potatoes for Ukraine’s poor

The new Ukrainian government soon will need its poor to pay even more for power and gas as it wrestles with protracted economic and political crisis.  More »

Exxon Mobil sells $5.5 billion of bonds

Exxon Mobil last issued bonds in 1993.  More »

US Navy seizes tanker, foiling Libya rebel attempt to sell oil

The U.S. Navy thwarted the first attempt by rebels seeking self-rule in eastern Libya to export crude oil from a port they control.  More »

Russian billionaire to buy RWE oil and gas unit

L1 Energy, the investment vehicle of Russia’s fourth-richest man Mikhail Fridman, agreed to buy RWE AG’s Dea oil and gas unit, gaining assets in the U.K., Germany and the North Sea.  More »