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Keystone challenge rejected by Texas Supreme Court

TransCanada Corp.’s power to condemn land as a common carrier won’t be reviewed by the Texas Supreme Court in one of four state-court challenges against the Keystone XL pipeline, which will carry Canadian tar-sands oil to the Texas coast  More »

Chesapeake founder to get $11 million as he builds new company

Chesapeake Energy Corp. former Chief Executive Officer Aubrey McClendon will be paid $11.1 million in cash after leaving the company he founded 24 years ago.  More »

Seaway pipeline starts lottery to dissuade speculators

In April, companies asked to move 70 million barrels a day on the Seaway pipeline, said Enterprise, the pipeline’s owner. That’s almost 10 times the daily U.S. oil production of 7.21 million barrels.  More »

Baker Hughes reports earnings decline

Baker Hughes reported Friday a 30 percent decline in net income for the first quarter, dropping to $267 million, or 60 cents a share.  More »

Shell interested in buying Petrobras blocks in Gulf of Mexico

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, is interested in acquiring assets in the Gulf of Mexico, including Petroleo Brasileiro SA (PETR4) blocks.  More »

Women cash in on Dakota oil service needs to sustain boom

Amanda Kieson gets calls at 2:30 a.m. to collect urine samples from workers involved in accidents in western North Dakota’s oil industry. The 33-year-old mother of two says she opened her testing service two years ago to get a part of the economic bonanza engulfing the region.  More »

BP still uncertain over spill cost at third anniversary

BP Plc (BP/) faces the third anniversary of the 2010 oil spill in the Gulf of Mexico tomorrow with no sure knowledge of how much more it will have to pay government and private plaintiffs over the disaster.  More »

BHP names Cutt to succeed Yeager as petroleum unit president

BHP Billiton Ltd., the world’s largest mining company, named diamond unit president Tim Cutt to succeed the retiring Michael Yeager as head of its petroleum division as part of a senior management shakeup.  More »

Keystone fought by Nebraska landowners vowing to block

Bob Allpress describes himself as a “redneck Republican.” Standing on the pasture behind his Nebraska home, the burly former Marine Corps sergeant with a Fu Manchu mustache explains what made him an environmental activist.  More »

Chevron defies California on carbon emissions

Chevron Corp. (CVX) helped write the first-in-the-nation rule ordering reduced carbon emissions from cars and trucks. Its biofuels chief spoke at the ceremony where California Governor Arnold Schwarzenegger signed the executive order in 2007, the same year the oil company pledged to develop a gasoline replacement from wood.  More »

Icahn asks Transocean board to clarify, support claims

Billionaire investor Carl Icahn is asking Transocean Ltd.’s board to “clarify and support” its assertions that the company has produced above-average shareholder returns.  More »

Route change forces Keystone foes to shift aim to climate change

Opponents of the Keystone XL pipeline used to have a simple argument: the project would endanger Nebraska’s delicate Sand Hills region, a vast network of dunes and wetlands that have been designated a National Natural Landmark.  More »