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Variety of groups lobby for Keystone XL

Almost 50 groups representing everything from oil companies to American Jews have stepped up their Washington spending as the proposed Keystone XL oil pipeline proves to be a bonanza for lobbyists.  More »

U.K. fracking may not reduce domestic gas prices, report shows

Developing shale gas in the U.K. may not lead to lower prices as witnessed in the U.S. because of rising demand for the fuel globally, according to a report by the House of Commons Energy and Climate Change Committee.  More »

Highest-paid workers driving Shell off Australian shores

Escalating costs to build liquefied natural gas plants on land in Australia, where energy workers earn the highest salaries in the world, are driving developers out to sea in search of billions of dollars in savings.  More »

Wholesale power prices drop at most U.S. hubs amid mild weather

Spot electricity prices across most of the major U.S. hubs were lower today as moderate weather crimped demand.  More »

Gulf shallow water rig shortage boosts profits for Hercules

A growing shortage of shallow-water rigs in the Gulf of Mexico is providing an unexpected profit boost for Hercules Offshore Inc. and Ensco Plc as customers move farther offshore in the hunt for oil.  More »

Texas farmer sues US Army Corps of Engineers over Keystone

The U.S. Army Corps of Engineers failed to hold required public hearings before illegally granting permits that let TransCanada Corp. begin installing its Keystone XL pipeline in Texas and Oklahoma, a Texas farmer claimed in a federal court lawsuit.  More »

Dow Chemical profit tops estimates on plastics and corn seed

Dow Chemical Co., the largest U.S. chemical maker by sales, posted first-quarter profit that beat analysts’ estimates as corn-seed sales rose and lower prices for natural gas boosted earnings from plastics.  More »

Occidental profit falls amid shareholder leadership vote

Occidental Petroleum Corp., the oil and natural gas producer on the brink of a shareholder vote that may eject longtime Chairman Ray Irani, said fourth-quarter profit fell as declining overseas production pared sales.  More »

Cobalt’s oil finds seen luring Shell to Exxon

Cobalt International Energy Inc. (CIE), the oil explorer that doubled in value since going public in 2009, is turning into a takeover target for energy companies attracted to its oil finds from Africa to the Gulf of Mexico.  More »

Rosneft plans more arctic exploration to boost share value

OAO Rosneft (ROSN) said a plan to step up Arctic exploration will help increase shareholder value at the same time the world’s largest publicly traded oil producer starts exporting liquefied natural gas.  More »

California fracking rules plan stirs trade secrets fight

A California proposal to regulate the chemicals used by oil companies in hydraulic fracturing is stirring a battle over industry assertions of trade secrets protection and environmentalist calls for disclosure to shield public health.  More »

Opinion: ‘Peak fossil fuels’ is closer than you think

Every time an iPhone is charged or an episode of “Mad Men” plays on a television, puffs of vaporized carbon join the atmosphere, products of power-plant combustion. And every year the world demands more. That era may be nearing an end, as the world approaches “peak fossil fuels,” a phrased used by Bloomberg New Energy Finance founder Michael Liebreich at the group’s annual conference.  More »