Renewable energy developers may win some tax benefits from Congress that only oil and gas companies can enjoy right now, under a bipartisan bill introduced in the Senate last week.  More »

Since its inception in 1960, OPEC has never been shy in flexing its energy-fuelled power over the West. But those days are gone. And it’s not just the US and Israeli shale gas and oil revolution which threatens OPEC decline. OPEC is already grappling with a whole bunch of serious energy problems that are colluding to hasten its demise.  More »

Columbia University wants a bigger presence in the energy game. The New York school launched its Center on Global Energy Policy on Wednesday with a collection of high-profile speakers from the industry, including corporate executives and oil and gas experts.  More »

Early settlers in Zavala County, Texas told tales of lost and buried treasure, but today’s riches lie thousands of feet below ground.  More »

As oil companies have scrambled to cut down costs and water use, an array of companies have emerged to turn the gunky byproduct of hydraulic fracturing into water clean enough for reuse.  More »

U.S. drillers that set up rigs amid the rolling farmland of eastern Ohio on projections underground shale held $500 billion of oil are packing up and heading out of the Utica Shale, which isn’t living up to expectations set by top fields like the Eagle Ford in South Texas.  More »

Crude oil exports from the Commonwealth of Independent States may drop 17 percent by 2040 as tight oil production in the U.S. soars, the Russian Academy of Sciences said in a presentation on its website.  More »

When clients in Midland, Texas, complained that they couldn’t find office space, hotel rooms or banquet halls, hedge fund co-founder Joseph Jacobs saw a big opportunity.  More »

The International Energy Agency slashed its forecasts for global oil demand in 2013, predicting the weakest consumption in Europe since the 1980s.  More »

Iraq has increased its own estimate for its crude reserves by almost 5 percent to 150 billion barrels, Oil Minister Abdul Kareem al-Luaibi said.  More »

CenterPoint Energy’s effort to grow its oil pipeline business got a major boost Tuesday, as it said it had signed a long-term agreement with Exxon Mobil Corp’s XTO Energy subsidiary to move hydrocarbons produced in North Dakota.  More »

General Electric Co. will buy the oilfield equipment maker Lufkin Industries, Inc. for about $3 billion, furthering an effort by GE to grow its oil and gas operations.  More »