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Shell to sell stake in Australia’s Woodside for $5 billion

Shell flagged last year that it would eventually sell its 23 percent holding in Australia’s second-largest oil and gas producer because it was no longer strategic.  More »

Coal’s share of world energy demand at highest since 1970

Coal dominated world energy markets last year by supplying the biggest share of demand since 1970, making it the fastest growing fossil fuel, according to an annual review by BP Plc.  More »

Norwegian oil industry faces mediation to avoid strike, output halt

Norwegian oil workers and employers will start mediation talks tomorrow to bridge differences and avoid a strike that threatens to halt about 115,000 barrels of oil a day  More »

Williams buying rest of Access Midstream Partners for $6 billion

The purchase from Global Infrastructure Partners II will increase William’s ownership to 100 percent of the general partnership and 50 percent of the limited partnership, Williams said in a statement.  More »

Siemens said to be preparing bid to buy Alstom’s gas turbine unit

Siemens AG is preparing a bid for Alstom SA’s energy unit that would leave it with the French company’s gas turbines while allowing partners Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. to expand their steam turbines and hydro businesses, people familiar with the matter said.  More »

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 »