Bloomberg

Bloomberg

You can read more from Bloomberg at www.bloomberg.com

Canadian blast revives complaints of rupture-prone rail cars

U.S. and Canadian regulators have warned for years that the type of rail tanker involved in a fatal explosion in Quebec is prone to rupturing during derailments.  More »

Opinion: U.S. frackers can save millions of Chinese lives

For years Chinese have been told that the blinding, sooty haze choking Beijing and other cities is the price of progress. All rapidly industrializing economies have endured appalling levels of pollution, officials say. They insist that the only alternative is to slam the brakes on China’s economy and consign tens of millions to poverty. Yet China’s appetite for energy is literally killing its people.  More »

Quebec disaster spurs rail-versus-pipelines debate on oil

A train disaster that killed five people in Quebec promises to touch off debate over the safety of shipping crude oil by rail or pipelines such as TransCanada Corp. (TRP)’s Keystone XL.  More »

NRG renewable-energy unit seeking up to $411M through IPO

A unit of NRG Energy Inc., the biggest independent U.S. electricity producer, plans to raise as much as $411 million through an initial public offering.  More »

Repsol delays first shale-gas project in Spain after frack ban

Repsol SA (REP), Spain’s largest oil producer, delayed starting to explore for shale gas in the north, where a local government has outlawed drilling projects that use water-intensive hydraulic fracturing.  More »

Biofuel investments at seven-year low

Europe’s biggest oil companies are scaling back work on the next generation of biofuels, a setback for the effort to create a gasoline substitute that doesn’t drain the food supply.  More »

Shale backers sought her firing, former energy minister says

Former French Environment Minister Delphine Batho said her support for a ban on shale drilling and reducing dependence on nuclear power cost her her job.  More »

Natural gas drops in survey on moderate eastern U.S. weather

Natural gas futures may decline next week as moderating weather limits demand for the power-plant fuel, a Bloomberg survey showed.  More »

Energy rigs in U.S. rise to 1,757, Baker Hughes reports

June was the most active month for U.S. land drilling permits in more than a year, according to a Barclays research note.  More »

Japan nears switching on reactors after Tepco’s meltdown

A countdown is starting in Japan for restarting some of the 48 nuclear reactors that were idled after the 2011 Fukushima meltdowns caused the worst atomic accident since Chernobyl.  More »

Woodside cuts output forecast 9.6% on shutdown, vessel delay

Woodside Petroleum Ltd. (WPL), Australia’s second-largest oil and gas producer, cut its production target by as much as 9.6 percent after a shutdown at its Pluto project and a vessel refurbishment delay. The shares fell.  More »

Steelmakers file U.S. trade case seeking duties on oil pipes

A group of oil-pipe makers led by United States Steel Corp. filed a U.S. trade complaint against competitors in nine nations, alleging goods from those countries were sold in the U.S. market below cost and, in some cases, benefited from government subsidies.  More »

FMC hires Citigroup to manage sale of hydrogen-peroxide business

FMC Corp. hired Citigroup Inc. to find a buyer for its hydrogen-peroxide unit as the U.S. chemicals producer plans to simplify its business and accelerate a share-buyback program.  More »

Rosneft buys Itera stake for $2.9 billion to expand gas business

OAO Rosneft (ROSN) acquired full control of OOO Itera, an independent natural gas producer and trader, buying the remaining 49 percent for $2.9 billion as the country’s biggest oil company expands.  More »

Ship rates drop as U.S. oil imports fall most since ’91

Growing U.S. energy independence is driving the biggest drop in crude imports in two decades and rates for the oil tankers most reliant on the shipments to the weakest in at least 16 years.  More »