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Mesquite wood chips are shown in a truck loaded about 40 miles from Corpus Christi. 
(Greenheart)

US wood pellet exports double on British demand surge

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U.S. wood pellet exports doubled to 3.2 million short tons last year, from 1.6 million tons in 2012, led by demand from the U.K.
(Golden Pass Products)

LNG sellers to chase Japan, South Korea on China-Russia gas deal

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Liquefied natural gas sellers may face more competitive markets in Japan and South Korea, which together bought more than half of the world’s supply in 2013, after China signed a mega gas deal with Russia.
(Flickr/SalFalko)

Judge rejects creditors’ bid to send bankruptcy case to Texas

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Energy Future Holdings Corp., the bankrupt Texas power provider, will restructure $40 billion in debt in a Delaware court, a federal judge ruled, rejecting a request by creditors to transfer the case to Dallas, where the company is based.
Gas prices are displayed at a Hess Corp. gas station in New York. Hess announced last year it would close or sell its refineries and divest the retail business to focus on oil production and exploration after criticism from activist Paul Singer’s Elliott Management Corp. (Craig Warga/Bloomberg)

Marathon Petroleum buys Hess retail for $2.87 billion

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Marathon Petroleum Corp. (MPC) agreed to acquire Hess Corp.’s gasoline stations and retail business for a total of $2.87 billion, expanding its footprint to 23 states from nine.
Russell "Russ" Girling, president and chief executive officer of TransCanada Corp. (right) speaks with workers during a media event at the TransCanada Corp. Houston Lateral Project pipe yard in Mont Belvieu, Texas, U.S., on Wednesday, March 5, 2014. (Scott Dalton/Bloomberg)

TransCanada explores oil by rail as Keystone XL process drags

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TransCanada Corp. is considering ways to deliver Canadian crude oil by rail to the U.S. as customers of its proposed Keystone XL seek an alternative to the delayed pipeline, Chief Executive Officer Russ Girling said.
The Chinese flag blows in the wind as hundreds of people walk along the Bund boardwalk by the Huangpu river in Shanghai, China. (Paula Bronstein/MCT)

Russia-China deal risks damping LNG prices

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China’s deal to buy natural gas from Russia after a decade of talks risks making tanker shipments of the fuel less competitive as new projects target Asian markets.
(AP Photo/David J. Phillip)

Obama divides power players with pollution rule utilities accept

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The Obama administration’s upcoming greenhouse gas rules are gaining acceptance from an unlikely quarter — power companies — and splitting the energy industry’s normally unified opposition to new limits.
(Andrey Rudakov/Bloomberg)

Putin’s China gas deal risks lower returns for Gazprom

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What’s good for Russia isn’t necessarily good for the country’s largest company.
Categories: Asia, Natural gas
(credit: Flickr)

PDVSA signs $2.2 billion oil service financing to boost drilling

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Petroleos de Venezuela SA, the country’s state oil company, signed deals with oil service companies Schlumberger, Halliburton and Weatherford International.
(Photo: Woodside Petroleum)

Woodside scraps $2.6B Israeli gas deal as talks fail

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Woodside Petroleum Ltd., Australia’s second-biggest oil and gas producer, scrapped an agreement to buy a quarter of Israel’s largest natural gas field for as much as $2.6 billion after talks to complete the deal collapsed.