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Date set for BP investors’ trial over spill losses

BP Plc investors claiming as much as $2.5 billion in market losses caused by company misrepresentations about the severity of the 2010 oil spill will make their case to a jury next May 18, a judge ruled today.  More »

Norway oil spending expected to plunge on costs, political meddling

Oil and gas companies operating in Norway, western Europe’s biggest producer, predict investments will plunge 21 percent next year amid rising costs and increased political interference over offshore developments.  More »

Canada tries turning up heat on Obama as Keystone stalled

The Keystone XL pipeline has become the biggest bilateral irritant between the world’s two largest trading partners, fueled tensions between Obama and Harper and threatens Canada’s ability to develop its oil resources.  More »

Saudi oil minister’s good times will last as lost output lifts prices

Saudi Arabia is showing satisfaction with oil prices at a time when OPEC’s collective influence seems diminished.  More »

Drug gangs attacks block Mexican shale boom

Violent drug traffickers are the latest challenge facing Mexico as it attempts to replicate the kind of shale bonanza taking place in Texas.  More »

California warns of oil-by-rail while keeping data secret

California’s government agencies aren’t ready to handle the safety risks accompanying a boom in oil shipments by train, the state said in a report this week.  More »

Noble, Consol to sell stock in Marcellus pipe partnership

Consol Energy Inc. and Noble Energy Inc., which joined forces in the Marcellus Shale almost three years ago, are planning to offer stock in a natural gas pipeline partnership that handles output from jointly owned acreage.  More »

Gas utilities take action against methane as US mulls standards

Utilities have issued a plan to speed replacement of aging pipes and take other steps to cut climate-worsening leaks of methane, acting before the government can issue new rules.  More »

Goldman says keeping US oil-export ban helps economy

Maintaining the statutory curb on shipments overseas will deliver the “highest value” to the U.S. economy, the bank said in an e-mailed report Wednesday.  More »

China’s record oil hoarding seen keeping crude above $100

China is hoarding crude at the fastest pace in at least a decade, shielding itself from supply disruptions and helping keep prices above $100 a barrel.  More »

US natural gas output will set a record this year

U.S. natural gas output will reach 73 billion cubic feet a day for the first time this year as new pipelines tap into shale supplies stranded in the Marcellus formation in the Northeast, a new government report shows.  More »

Poll: Americans would pay more for energy to curb climate change

By an almost two-to-one margin, 62 percent to 33 percent, Americans say they would pay more for energy if it would mean a reduction in pollution from carbon emissions, according to the Bloomberg National Poll.  More »