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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 »

Iraq boosts oil reserves estimate to 150 billion barrels

Iraq has increased its own estimate for its crude reserves by almost 5 percent to 150 billion barrels, Oil Minister Abdul Kareem al-Luaibi said.  More »

Killing Keystone could risk more oil spills by rail

A rejection of the Keystone XL pipeline by President Barack Obama would push more of Canada’s $73 billion oil exports onto trains, which register almost three times more spills than pipelines.  More »

Opinion: Shale gas isn’t a low-emissions fuel — yet

Too much valuable methane from natural gas is leaking into the atmosphere, hurting the bottom line as well as the climate. We know how to stop it. It’s cheap to do, and it can pay for itself.  More »

Company run by Tony Hayward reports ‘significant’ oil find in Kurdistan

Genel Energy Plc (GENL), an oil explorer run by former BP Plc (BP/) Chief Executive Officer Tony Hayward, rose to the highest in five months after making a significant oil discovery in Kurdistan.  More »