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In Exxon reptile win, scales of justice tip on gator genealogy

Exxon Mobil Corp. isn’t responsible for alligators overrunning a rural dump site it owns in Mississippi, the state supreme court ruled, because the global oil explorer can’t control wild animals.  More »

Expert: Shale is a U.S. phenomenon

Shale drilling is an American phenomenon, and likely will stay that way for several more years, geopolitical strategist Peter Zeihan said this week in San Antonio.  More »

Energy rigs in U.S. climb to tie highest count since 2012

Rigs targeting oil and natural gas in the U.S. increased this week, tying a 20-month high, as energy producers used a record number of horizontally drilling ones to reach deposits in shale formations in the middle of the country.  More »

Pemex reserve replacement fell dramatically in 2013, filing shows

Pemex replaced only two thirds of the oil it produced last year with new reserves, according to regulatory filings.  More »

Railroad wants to send oil into town where 47 died

John Giles, president and CEO of Central Maine and Quebec Railway, said he hopes to have an agreement with officials in Lac Megantic, Quebec, within 10 days that would allow the railroad to ship non-hazardous goods, restoring the vital link between the railroad’s operations to the east and west of the community.  More »

Energy Future sued by lenders’ trustee for $665 million

nergy Future isn’t entitled to a “windfall” from failing to pay the premium owed for early redemption of debt, CSC Trust Co. of Delaware, which represents most holders of a unit’s $3.5 billion in 10 percent senior secured notes, said in the lawsuit  More »

Saudi gas reserves up as Aramco taps new shale deposits

Saudi Arabia’s natural gas reserves rose last year as it explored for the fuel in the Red Sea and tapped shale gas to free more crude oil for export, according to the kingdom’s state-run oil company.  More »

Oil rises on renewed Ukraine tensions

The gains came in the wake of a warning from Russian President Vladimir Putin that his country wouldn’t deliver gas to Ukraine unless it receives payment in advance, part of a dispute over an unpaid energy bill.  More »

Oil below $102 on weak U.S. economic data

Oil slipped after the Federal Reserve said Thursday that U.S. industrial production dropped in April.  More »

Dominion LNG export project clears U.S. environmental review

Dominion Resources plan to export liquefied natural gas cleared a U.S. environmental review, a key step toward final approval as supporters in Congress seek to expedite overseas shipments of the fuel.  More »

Norway oil-strikes risk mounts as more workers break off talks

Oil-service workers in Norway followed offshore-platform workers in breaking off wage talks with employers, raising the prospect of another strike in the oil and gas industry two years after a walkout hit output.  More »

IEA sees higher demand for OPEC crude this year

The Organization of Petroleum Exporting Countries will need to provide an average of 30.7 million barrels a day in the second half, or 800,000 a day more than it pumped last month, the IEA said today.  More »
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