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  • TransCanada takes legal action after Keystone XL denial Wednesday, 6 Jan 2016 | 4:46 PM ET
    A demonstrator, celebrating US President Barack Obama's blocking of the Keystone XL oil pipeline, holds up a sign during a rally in front of the White House in Washington, DC on November 6, 2015.

    TransCanada launched legal action over Keystone pipeline rejection, alleging President Obama exceeded his power.

  • EDMONTON, Alberta, Dec 21- In an auction room a few dozen potential bidders scan a picture of a used oil drilling rig projected on the wall while an auctioneer raises his voice to drum up enthusiasm. Initial asking price on the rig- complete with water, mud and shale tanks- was C $150,000 and it eventually sold for C $52,500, a fraction of a cost of a new rig that can fetch...

  • Funding bill lifts ban on US crude oil exports Tuesday, 15 Dec 2015 | 11:18 PM ET
    An oil pumpjack operates near Williston, North Dakota.

    U.S. House Republicans plan to file a government funding bill on Tuesday night that will include a provision lifting the U.S. ban on crude oil exports.

  • New blow to Halliburton-Baker Hughes deal Tuesday, 15 Dec 2015 | 9:48 PM ET
    Halliburton

    Halliburton has been forced to delay for a second time its planned $26bn acquisition of rival Baker Hughes, the Financial Times reports.

  • After 100 years in NZ, Shell looks at pulling out Wednesday, 9 Dec 2015 | 9:59 PM ET

    Shell said on Thursday it was reviewing its business interests in New Zealand as it seeks to streamline its portfolio amid a slump in energy prices.

  • This energy investment will bounce in 2016: Trader Monday, 7 Dec 2015 | 3:32 PM ET
    An oil pump jack in the oil town of Gonzales, Texas.

    Energy infrastructure MLPs are improving cash flow and paying out attractive dividends, Rob Thummel said.

  • This industry is the biggest job cutter of 2015 Friday, 4 Dec 2015 | 12:10 PM ET
    A floorhand works on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    After years of strong employment gains that outpaced total private sector growth, the energy sector is now the biggest job cutter of 2015.

  • Petroleum engineer degrees going from boom to bust Friday, 4 Dec 2015 | 11:04 AM ET
    Average annual salary: $138,980Current employment: 30,880The booming oil industry and specialized skills required for petroleum engineers creates one of the most highly compensated jobs in the country. Petroleum engineers develop plans for oil and gas extraction, production, and tool modification, overseeing drilling operations and providing technical advice.On average, petroleum engineers working for the oil and gas extraction industry made an annual salary of $150,890. The heavy reliance on na

    Enrollment in petroleum engineering degree programs appears set to fall, raising concerns about a talent drought in future oilfield crews.

  • Don't hold your breath waiting for energy mergers Wednesday, 2 Dec 2015 | 9:29 AM ET
    A worker with Apache in the Permian Basin in Mentone, Texas.

    Dealmaking in America's oil patch has slowed to a trickle, while organized restructurings have ticked up among drillers.

  • Melting Arctic is like 'discovering a new Africa' Thursday, 12 Nov 2015 | 5:36 AM ET

    There are great benefits to developing the Arctic's amazing wealth of resources, if done carefully, according to Iceland's president.

  • Nearly $43 million of U.S. taxpayers' money was spent on building a gas station in Afghanistan. NBC News reports.

  • WASHINGTON, Oct 16- U.S. industrial production fell for a second straight month in September on renewed weakness in oil and gas drilling, the latest indication that the economy lost momentum in the third quarter. Industrial output slipped 0.2 percent after a revised 0.1 percent dip in August, the Federal Reserve said on Friday. Economists polled by Reuters had...

  • *Iran paid $87 mln for Romanian rig to bypass sanctions. DUBAI, Sept 4- Four years after Iran spent $87 million to buy an oil drilling rig that was never delivered, the broker in the deal has given his side of a story he describes as a cautionary tale for Western investors impatient for an end to sanctions. Over the last several months, "the case of the missing rig" has...

  • *Iran paid $87 mln for Romanian rig to bypass sanctions. *Broker says he is targeted by interests in Tehran. DUBAI, Sept 4- Four years after Iran spent $87 million to buy an oil drilling rig that was never delivered, the broker in the deal has given his side of a story he describes as a cautionary tale for Western investors impatient for an end to sanctions.

  • A natural gas production platform.

    Italian energy group Eni said it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast.

  • The key driver of Schlumberger-Cameron deal Wednesday, 26 Aug 2015 | 11:12 PM ET
    The key driver of Schlumberger-Cameron deal

    Stephen Gengaro, oil services analyst at Sterne Agee, discusses the $14.8 billion acquisition of drilling equipment maker Cameron International by oil services provider Schlumberger.

  • SLB acquisition to create oilfield juggernaut Wednesday, 26 Aug 2015 | 8:00 AM ET
    SLB acquisition to create oilfield juggernaut

    A Schlumberger-Cameron International deal may bring about an oil industry breakthrough.

  • Chevron's ugly earnings put focus on oil dividends Friday, 31 Jul 2015 | 2:12 PM ET

    Chevron earnings fell well below expectations Friday, raising new questions about shareholder returns at a time when oil prices are sliding again.

  • The US businesses that win on the Iran deal Tuesday, 14 Jul 2015 | 1:42 PM ET
    A view of a petrochemical complex in Assaluyeh on Iran's Persian Gulf coast.

    International energy, financial and manufacturing firms all stand to gain from lifted Iranian sanctions.

  • Lower oil prices may cut into skilled energy jobs Thursday, 11 Jun 2015 | 3:44 PM ET
    Drilling in the Bakken shale formation outside Watford City, N.D.

    Lower oil prices could exacerbate potential labor shortages in the energy industry, according to The Times-Picayune.