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U.S. oil and gas rigs rise to five-week high, Baker Hughes says

The U.S. total count has declined by nine this year even as production climbed as producers used new drilling technologies to shorten the time it takes to bore wells and boost productivity in shale formations.  More »

Baker Institute Turns 20 Amid Great Success: Saluting The Honorable James A. Baker, III

The Baker Institute is celebrating its 20th anniversary tonight and there is much to be proud of. The Baker Institute study “Re-engaging the Israelis and the Palestinians: Why An American Role in Initiating Israeli and Palestinian Negotiations is Necessary and How It Can Be Accomplished”http://bakerinstitute.org/research/re-engaging-the-israelis-and-the-palestinians-why-an-american-role-in-initiating-israeli-palestinian/ has made a major contribution to the peace process, with […]  More »

Talisman sells assets to Petronas for $1.4 billion

Talisman Energy, the Canadian oil and natural gas producer being targeted by investor Carl Icahn, agreed to sell part of its Montney acreage to Malaysia’s Petroliam Nasional for C$1.5 billion ($1.4 billion).  More »

Repsol plans to invest $4 billion in Venezuela through 2022

Repsol SA, Spain’s largest oil producer, plans to invest $4 billion in Venezuela through 2022 on existing projects and discoveries to more than double oil output.  More »

Japan nuke-plant water tanks flawed, workers say

Officials and experts and two other workers interviewed by the AP say the quality of the tanks and their foundations suffered because of haste — haste that was unavoidable because there is so much contaminated water leaking from the wrecked reactors and mixed with ground water inflow.  More »

Crude traders sticking with Brent amid manipulation claims

Four energy traders claim in a lawsuit that some of the world’s biggest oil companies conspired with Morgan Stanley and energy traders such as Vitol Group to fix spot prices for Brent for more than a decade.  More »

Berber militia takes western Libya oil facility

The complex is a joint venture between Libya’s National Oil Corp. and Italian oil firm Eni SpA.  More »

BHP Billiton’s former oil chief Yeager expects more U.S. M&A

Yeager, who led BHP’s $20 billion move into the U.S. shale gas industry before leaving the Melbourne-based company earlier this year, is focusing on oil in his new role at Maverick, an explorer developing fields south of Houston.  More »

The artsy side of energy (photos)

Refineries and drilling rigs clean up real nice in energy company photos.  More »

Tesoro’s profit falls in third quarter

Weak margins led to a decline in profit for refinery Tesoro Corp. in the quarter ended Sept. 30.  More »

Shale energy moves toward balance of industry, community concerns

As shale drilling matures, an emerging middle ground is balancing industry needs and community concerns.  More »

Devon Energy posts third-quarter profit on higher production

Devon has narrowed its focus to onshore North America after selling assets in the Gulf of Mexico and Brazil in recent years.  More »