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Motiva Port Arthur refinery shuts down after power outage

The Port Arthur, Texas refinery lost power Sunday and there isn’t a timeline for restarting the plant, a person familiar with operations said.  More »

US oil boom threatens Russian crude exports

Crude oil exports from the Commonwealth of Independent States may drop 17 percent by 2040 as tight oil production in the U.S. soars, the Russian Academy of Sciences said in a presentation on its website.  More »

Clean energy investment drops worldwide amid subsidy cuts

Clean energy investment slid 22 percent to its lowest level in four years as nations pared subsidies for technologies from wind turbines to solar power and financing in China and Brazil stalled.  More »

Tullow falls after delaying oil well in Ethiopia for two months

Tullow Oil Plc (TLW), the U.K. explorer searching for Ethiopia’s first crude, fell to a four-month low in London trading after delaying the Sabisa well.  More »

Midland counts on 53-story tower as oil again buoys Texas

When clients in Midland, Texas, complained that they couldn’t find office space, hotel rooms or banquet halls, hedge fund co-founder Joseph Jacobs saw a big opportunity.  More »

Alberta looks at renewable energy amid push for Keystone

Alberta may boost the use of renewable energy to cut carbon dioxide emissions as the province lobbies U.S. officials to approve TransCanada Corp. (TRP)’s Keystone XL pipeline.  More »

IEA cuts world oil-demand forecast

The International Energy Agency slashed its forecasts for global oil demand in 2013, predicting the weakest consumption in Europe since the 1980s.  More »

BHP pushes domestic use of US shale oil and gas

BHP Billiton Ltd. (BHP), the biggest mining company, said the shale boom in the U.S. will spur an industrial revival, as legislators continue debate over exporting the nation’s shale bounty.  More »

Fracking doesn’t cause significant earthquakes, study says

Hydraulic fracturing used to access oil and gas from rock and shale hasn’t caused “significant” earthquakes, according to a study by Durham University.  More »

Iran’s crude exports declining due to sanctions, IEA says

Iran’s crude exports declined in March to the lowest this year as international sanctions aimed at the Persian Gulf country’s nuclear program and weaker global demand cut purchases, the International Energy Agency said.  More »

Occidental chariman should be ousted, proxy adviser says

Occidental Petroleum Corp. investors should remove Chairman Ray Irani, proxy adviser Institutional Shareholder Services said, following a board decision to replace Chief Executive Officer Stephen Chazen.  More »

Court revives natural gas price manipulation suits

The energy firms are accused of manipulating prices from 2000 to 2002.  More »