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Incoming chief won’t change BHP strategy, chairman says

The appointment of Mackenzie, a former 22-year veteran of BP Plc who speaks five languages and joined BHP from Rio Tinto Group in 2007, won’t change BHP’s strategy, Chairman Jac Nasser said today at a media conference in Sydney.  More »

Nigeria needs balanced oil-industry law, Shell says

Nigeria, Africa’s top oil producer, needs a balanced industry law favorable to the government and energy companies that pump the country’s crude, said Mutiu Sunmonu, chairman of Royal Dutch Shell Plc’s local unit.  More »

Leaking nuclear sludge could threaten Columbia River

News that a storage tank at a shuttered federal nuclear facility in Washington state is leaking radioactive sludge has raised fears that the toxic stew could reach the Columbia River as a U.S. cleanup effort drags on.  More »

Refinery troubles push gas price to February record

U.S. consumers facing the highest gasoline pump prices ever for February may see further increases as global crude oil futures climb and down refineries reduce fuel supplies.  More »

Texas fracker accused of bully tactics against foes

When a Texas landowner took his fear that a gas driller had poisoned his well to federal regulators, the company, Range Resources Corp., turned around and sued him for conspiring “to harm Range.”  More »

Pricing concerns hamper China’s shale gas goals

China, consuming energy at the fastest pace among major economies, has set ambitious targets to exploit its reservoirs of shale gas. It won’t meet them.  More »

Slow tanker traffic signals continued OPEC oil cuts

OPEC may be extending the longest stretch of output cuts since the 2009 global recession as fewer oil tankers are booked to ship Middle East crude to Asia, according to Morgan Stanley.  More »

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 »