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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 »

Crude stockpiles surge to 22-year high

U.S. crude oil inventories climbed to the highest level in more than 22 years last week as production surged and refineries wrapped up annual maintenance programs, a Bloomberg survey showed.  More »

China to surpass US as top crude importer, OPEC says

China’s growing refining capacity will boost its demand for oil as America’s fracking boom cuts the need for foreign oil, OPEC said today.  More »

Shell to invest in energy technology companies with new venture

Royal Dutch Shell Plc (RDSA), Europe’s largest energy producer, set up a venture to invest in technology companies and venture-capital funds as oil and gas extraction becomes more costly and complex.  More »