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Shell unlikely to sell Woodside this year as price undervalued

Royal Dutch Shell Plc (RDSA) is unlikely to proceed with the planned disposal of its holding in Australia’s Woodside Petroleum Ltd. (WPL) this year as it refuses to sell too low.  More »

U.S. LNG export potential gaining momentum

Liquefied natural gas exports from the U.S. are looking more likely after the Freeport LNG terminal got conditional approval from the Department of Energy, Goldman Sachs Group Inc. (GS) said.  More »

EU tightens offshore-oil regulation in response to BP spill

The European Union tightened safety rules for offshore oil and natural-gas exploration to curb the risk of a major accident after BP Plc’s 2010 spill in the Gulf of Mexico, the largest in U.S. history.  More »

Halliburton warns Mexico operations will lower quarterly profit margin

Halliburton Co., the world’s largest provider of hydraulic fracturing services, said its second- quarter operating profit margin will be negatively impacted by a decline in rigs working in Mexico as the country transitions to a new way of awarding service contracts.  More »

Why Chesapeake picked Anadarko executive as new CEO

Chesapeake Energy Corp. (CHK) is hiring an Anadarko Petroleum Corp. (APC) engineer who oversaw oil projects around the world to slash costs and transform a corporate culture forged by Chesapeake’s wildcatting co-founder.  More »

Shell CEO says it’s too early to speculate about oil-price probe

Royal Dutch Shell Plc (RDSA) Chief Executive Officer Peter Voser said it’s too early to speculate about the European oil-price fixing probe and the company is committed to the “highest standard of corporate behavior.”  More »

Keystone lobby works on Democrats to win Obama

Canadian energy producers lobbying for U.S. approval of the Keystone XL pipeline are targeting undecided Democratic lawmakers in Washington in advance of a decision on the $5.3 billion project.  More »

Poland shale boom falters as state targets higher taxes

Poland’s shale gas boom is threatened even before it gets started after some wells failed and the government sought to increase taxes on profits.  More »

Alaska pushes to study Arctic refuge oil amid US reluctance

By Mark Drajem Bloomberg News Alaska’s government proposed investing its own cash in an assessment of oil reserves in the U.S. Arctic National Wildlife Refuge, seeking to prod the federal government to consider drilling in the protected area. With the Interior Department working on a management plan for the area, Republican Governor Sean Parnell’s administration […]  More »

Enron no lesson to traders as EU probes oil-price manipulation

Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal.  More »

Petrobras said to struggle pumping oil at Brazil’s largest prospect

Petroleo Brasileiro SA (PBR) is finding it hard to pump oil at one of Brazil’s largest prospects, three people with knowledge of the project said, signaling its venture with BG Group Plc (BG/) and Galp Energia SGPS SA may have higher costs or slower development than at other offshore fields.  More »

U.S. gasoline jumps over past two weeks

The average price for regular gasoline at U.S. pumps rose 11.19 cents a gallon in the past two weeks to $3.6566 a gallon, according to Lundberg Survey Inc.  More »