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Billionaire miner fights rivals to halt digs on his ranch

Andrew Forrest, Australia’s richest man who made his fortune digging up iron ore, is fighting bids to exploit the mineral wealth under his own half-a-million acre family ranch in the nation’s remote northwest outback.  More »

Enbridge quarterly profit drops on derivatives, gas pipeline

Enbridge Inc., the largest transporter of Canadian crude to the U.S., said fourth-quarter profit declined on derivatives contracts losses and a reduction in the value of its offshore natural gas pipelines.  More »

Statoil gets consent for $7 billion Mariner development plan

Statoil ASA, Norway’s biggest oil and gas producer, got approval from the U.K. government for its plan for the Mariner project, the largest offshore development in the U.K.’s North Sea in more than a decade.  More »

Brazil may receive spot LNG from U.S. as ship arrives at Pecem

Petroleo Brasileiro SA may receive a spot cargo of liquefied natural gas from the U.S. today, according to ship-tracking data.  More »

Apache plans $2 billion of asset sales after buying spree

Apache Corp., the fourth-largest U.S. independent oil and natural gas producer by market value, plans to sell assets worth about $2 billion after a three-year buying spree expanded the company’s holdings and its debt.  More »

Exports of certain shale fuels hit record

The U.S. is poised to become a net exporter of liquefied petroleum gases for the first year ever as shale-based energy production jumps, prompting new orders for specialized ships to haul propane and butane.  More »

Encana reports narrower fourth-quarter loss

Encana Corp., Canada’s biggest natural gas producer, reported a narrower fourth-quarter loss as the company seeks to boost output of oil and natural gas liquids.  More »

Fracking threatens OPEC as U.S. output at 20-year high

A surge in oil production has pushed U.S. output to the highest level since 1992, a trend expected to further reduce the nation’s reliance on the Organization of Petroleum Exporting Countries.  More »

Obama’s clean-energy fund seen gaining if oil drilling expanded

President Barack Obama’s proposal to fund clean-energy research with fees paid by oil and gas producers is renewing a debate over whether the promise of innovation tomorrow is worth expanding drilling today.  More »

Inside North Dakota’s largest man camp

The North Dakota winter is relentless. Air temperatures hover around zero degrees Fahrenheit. Yet that’s easy to forget here, inside a network of steel mobile homes opened in 2011 in the state’s northwestern corner. Guys walk around in flip-flops, shorts and T-shirts. They eat ice cream at regularly available opportunities and then sweat it off on a treadmill.  More »

Statoil abandons Kazakh Caspian oil project after 7 years

Statoil ASA is giving up a Kazakh offshore block after Norway’s biggest energy producer spent about seven years negotiating to start exploration, the latest international defection from a Caspian Sea project.  More »

Tullow CEO says focus on exploration over developing oil finds

Tullow Oil Plc, the worst-performing oil stock in the U.K.’s benchmark index, will maintain its focus on exploration rather than developing existing discoveries.  More »