Shell, which has spent eight years and $6 billion to explore the Arctic’s Beaufort and Chukchi seas, said in letter to the Interior Department that “prudent” exploration before leases expire is now “severely challenged.” More »
A private equity shop that lured the former U.S. Treasury Department chief to the firm last year has collected $4 billion for its first energy fund to pour cash into U.S. oil explorers and other companies. More »
Venezuela has ruled out selling its U.S.-based refining subsidiary Citgo Petroleum Corp, Finance minister Rodolfo Marco Torres told Caracas-based El Universal newspaper in an interview published Sunday. More »
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