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Transneft may study pipe to vie for Rosneft arctic offshore oil

OAO Transneft is ready to study bringing Russia’s oil pipeline network to the Arctic offshore as OAO Rosneft and Exxon Mobil Corp. (XOM) search for crude in the ice- bound Kara Sea.  More »

City bonds boosting solar energy projects

Solar-energy installations are set to receive record loans this year through a U.S. municipal finance tool modeled after one that backed $17 billion of sewers and sidewalks in the past decade.  More »

Iran to boost gas exports in efforts to cut oil sales reliance

Iran plans increase its natural gas exports as a way to diminish its reliance on crude sales, a senior Iranian Oil Ministry official said.  More »

Harvard under pressure to divest from fossil fuels

The world’s richest universities are facing a quandary. Students are demanding that over the next five years schools purge their endowments of investments in 200 publicly traded companies with the largest reserves of oil, gas and coal.  More »

Transocean purchases cost shareholders billions, Icahn says

Transocean Ltd. (RIG)’s management “destroyed approximately $11 billion of shareholder value” by buying Global Santa Fe and Aker, billionaire investor Carl Icahn said.  More »

Japan to become largest solar market after China

Japan will probably become the largest solar market in the world after China this year, boosted by an incentive program that offers above-market rates for energy from renewable sources, according to a Bloomberg New Energy Finance said in a research note.  More »

Pickens says energy boom defies ‘incompetent’ Washington

America is on a path to energy independence without any help from Washington, according to billionaire investor T. Boone Pickens.  More »

Norway’s oil future seen with ice-free arctic’s barrels

In the wake of plummeting oil output, Norway, western Europe’s biggest petroleum producer, may have found its new money spigot: an ice-free expanse of the Arctic Ocean known as the Barents Sea.  More »

TXU spared tax liability on $23 billion by IRS ruling

Energy Future Holdings Corp., the Texas power company taken private six years ago in the largest leveraged buyout, won’t have to pay a potential tax liability on $23 billion when transferring ownership of some of its units, according to a decision by the U.S. Internal Revenue Service.  More »

Range Resources frack suit should be reheard, court says

Range Resources Corp. (RRC)’s lawsuit against Texas landowners who accused it of fouling their water by hydraulic fracturing should go back to the trial court, a state appeals court said after the judge who originally let the case proceed stepped down from the bench.  More »

Newfield has ‘largest’ success in gas discovery off Malaysia

Newfield Exploration Co. (NFX), the U.S. oil producer exploring the sale of offshore assets, had what it called the “largest conventional exploratory success” in its history with a natural gas discovery off the coast of Malaysia.  More »

Canada seen beating U.S. in $150 billion Asia LNG race

Canada is pulling ahead of the U.S. in the contest to be the first exporter of liquefied natural gas from the North American shale bonanza to Asia’s $150 billion LNG market.  More »

Kinder Morgan considers pipeline to California

The Freedom pipeline may be in service in 2016.  More »

FDR grandson digs deep for Texas oil with CO2

Elliott Roosevelt Jr., a grandson of U.S. President Franklin Delano Roosevelt, grins and leans toward visitors in his Dallas office to describe his biggest discovery in 53 years as an oilman.  More »

Newfield has ‘largest’ success in discovery off Malaysia

Newfield estimates there are 1.5 trillion to 3 trillion cubic feet of gas initially in place after its discovery.  More »