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Noble Corp.’s proposed London move may cut its tax bill in half

Noble Corp., the offshore oil rig contractor that moved its headquarters to Switzerland in 2009, may cut its tax bill in half if shareholders approve the board’s plan to move to London.  More »

Gas exporters to defend pricing as courts reject oil link

The world’s biggest natural gas exporters will seek to defend linking prices to the cost of oil even after courts ruled they overcharged customers and rising output from the U.S. to Australia challenges their dominance.  More »

Energy rigs in U.S. slide to lowest level in two months

Oil and gas rigs in the U.S. tumbled to the lowest level in two months as energy producers used drilling efficiencies to cut the time it takes to bore wells, weakening demand for more equipment.  More »

Energy Future directors ask to dismiss Aurelius suit on loan

Energy Future Holdings Corp. directors asked a federal court to dismiss Aurelius Capital Management’s lawsuit, saying the hedge fund bought the power producer’s debt in a bid to profit from litigation.  More »

CNPC said set to buy $5 billion stake in largest Kazakh field

China National Petroleum Corp (CNPZ). plans to pay about $5 billion for a stake in Kazakhstan’s biggest oil field, people with knowledge of the matter said.  More »

Methane scrutiny in Obama climate plan may cost drillers

Riding shotgun in a Toyota 4Runner rigged up with a carbon-fiber pipe and a spectrometer, Duke University researcher Rob Jackson trolled through Washington searching for evidence that natural gas is not quite the climate champion President Barack Obama claimed this week.  More »

Texas spot electricity gains as hotter weather boosts demand

Texas spot wholesale power gained as hotter weather boosted demand to run air conditioners.  More »

Freeport LNG seeking financing for $11 billion Texas facility

Freeport LNG Development LP is seeking financing to start construction next year on an $11 billion natural-gas export facility in Texas that in six years is scheduled to ship 2.1 billion cubic feet of gas a day.  More »

Canada optimistic on Keystone approval after Obama climate plan

Canadian business leaders say there’s growing optimism that President Barack Obama will approve TransCanada Corp. (TRP)’s Keystone XL pipeline because thwarting it would cost U.S. consumers and won’t halt development of Alberta’s oil sands.  More »

Fukushima nuclear disaster casts shadow over EDF’s safety drill

For Electricite de France SA (EDF), a lot rode on its nuclear drill yesterday.  More »

U.K. says shale gas fields twice size of previous estimates

The U.K. said fields of shale gas in northern England are twice as large as previously estimated, offering the potential to boost economic growth, replace depleted North Sea deposits and cut energy imports.  More »

Tepco’s shareholders decline to pursue GE for Fukushima claims

Tokyo Electric Power Co. (9501) shareholders rejected a proposal to look into pursuing claims for compensation against companies that supplied parts for the crippled Fukushima nuclear plant, including General Electric Co.  More »

Opinion: Obama’s challenge on climate change

President Barack Obama today announced a broad attack on climate change. His hope is to reduce greenhouse-gas emissions, and he aims at every target imaginable — every target within his authority, that is.  More »

Enbridge line shutdowns sap output as U.S. crude gains on Europe

Enbridge Inc. (ENB)’s shutdown of Alberta pipelines capable of moving 1.17 million barrels a day toward U.S. markets is shrinking output and boosting U.S. crude to the highest level against Europe’s benchmark oil since 2011.  More »

BP backs Texas carbon capture as Skyonic gets $128 million funds

BP Plc (BP/) part-funded an emissions project at a Texas cement plant, betting that plans to turn the gases into chemicals for sale will succeed where traditional carbon-capture proposals have failed.  More »