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Energy rigs in US decline by 12, Baker Hughes reports

Energy rigs in the U.S. have fallen this month after five straight quarters of declines. The count is set to rebound this year as producers respond to an increase in oil an natural gas prices, according to London-based Barclays Plc.  More »

Exxon seeks 25-year license to export LNG in western Canada

Exxon Mobil Corp. (XOM), the world’s largest energy company by market value, asked Canada for permission to export 30 million metric tons of liquefied natural gas annually from British Columbia.  More »

Eagle Ford’s April output rises 54%

The nine fields that make up the majority of Eagle Ford yielded 530,689 barrels of crude a day, according to preliminary data released by the Texas Railroad Commission, which oversees oil and gas drilling in the state. The fields produced 345,702 barrels daily in April 2012.  More »

BP defends renewable-fuel rule other oil companies oppose

As Congress considers scaling back or abolishing U.S. rules that mandate the use of renewable fuels, it has the full-throated support of the petroleum industry — with one major exception.  More »

US natural gas output will rise again, IEA says

U.S. natural gas production will accelerate from 2014 through 2018 as higher prices spur drilling and expanded infrastructure allows more shale supplies to reach the market, according to the International Energy Agency.  More »

LNG market will be tight through 2014 on Asia demand, IEA says

Global liquefied natural gas markets will face “unprecedented” tightness this year and next as incremental LNG demand from Asia exceeds new supply, according to the International Energy Agency.  More »

SandRidge founder fired as CFO named new leader

Ward, 53, founded the Oklahoma City-based company in 2006 after leaving Chesapeake Energy Corp.  More »

Opinion: A protest in U.S. oil country spells trouble for fracking abroad

Gardendale, Texas, sits on the Permian Basin, the largest oil province in the United States. That makes it an unlikely site of anti-fracking protests and an even more unlikely bellwether for shale gas drilling activity in Europe and Asia. And yet it is.  More »

U.S. needs oil sands as surge from shale bonanza seen overdone

The U.S. will continue to need crude from Canada’s oil sands because rising production from its shale formations is too expensive to maintain.  More »

Women may get into Augusta easier than energy CEO role

Women may have better odds of getting a membership at Augusta National Golf Club than becoming the chief executive officer of an energy company in the Standard & Poor’s 500 Index.  More »

Keystone seen failing to sop up Canada oil glut

Even if U.S. President Barack Obama approves the Keystone XL pipeline, Canadian crude oil probably will remain the cheapest in the world, hampering expansion of the country’s largest export industry.  More »

Keystone XL pipeline shuns high-tech oil spill detectors

TransCanada Corp. (TRP), which says Keystone XL will be the safest pipeline ever built, isn’t planning to use infrared sensors or fiber-optic cables to detect spills along the system’s 2,000-mile (3,200-kilometer) path to Texas refineries from fields in Alberta.  More »

Alberta’s oil sands raise flaring emissions as rules lag

In the farming country of northwest Alberta, heavy oil wells are becoming more common than cattle and combines. Along with money and jobs, the boom has brought smells and fumes that are adding to the greenhouse gas emissions from Canada’s oil sands.  More »

EP Energy agrees to sell $1.3 billion of assets to three buyers

EP Energy LLC, the production and exploration unit formed when Apollo Global Management LLC bought El Paso Corp.’s oil and gas operations last year, agreed to sell $1.3 billion of assets in three deals.  More »

Scrapping converted ships like Exxon Valdez seen curbing glut

Scrapping iron-ore carriers converted from obsolete oil tankers such as the Exxon Valdez is helping curb a glut of vessels, according to Clarkson Plc, the world’s largest shipbroker.  More »