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06.03.2014 BP splitter refinery to skirt US export ban

The oil industry is pressuring President Barack Obama to end the 41-year-old ban on most crude exports. BP Plc (BP/) isn’t waiting for a decision, Bloomberg reported on March 6.

06.03.2014 CERAWeek - Russia-U.S. Tensions Take Center Stage at Oil and Gas Conference

Russia-U.S. tensions took center stage on Tuesday at IHS CERAWeek, the annual energy conference that draws thousands of executives from around the world to Houston.

06.03.2014 Devon increases cash dividend for common stockholders

Devon Energy Corporation (NYSE:DVN) on March 5 announced that its board of directors has approved a 9 percent increase to its quarterly cash dividend on the company’s common stock from $0.22 per share to $0.24 per share.

05.03.2014 World’s largest solar plant launched in US

Google has revealed its latest foray into renewable energy sources by unveiling what it believes to be the world’s largest solar power project, TechWeek Europe reported on February 19.

04.03.2014 BP appeal over Gulf of Mexico spill losses rejected by US court

A divided U.S. appeals court on March 3 rejected BP Plc's bid to block businesses from recovering money over the 2010 Gulf of Mexico oil spill, even if they could not trace their economic losses to the disaster, Reuters has reported.

03.03.2014 Colorado producers to break oil-production record

Colorado is edging toward breaking a nearly 60-year-old oil production record, while natural-gas production has slowed somewhat, Denver Post reported on February 28.

18.02.2014 Chinese gold retailer wants to buy ERG Resources

Goldleaf Jewelry Co, a Chinese jewelery with gold mining investments, plans to acquire US oil and gas operator ERG Resources for at least $665 million, the company said on February 17 in a statement to the Shenzhen stock exchange, China Daily has reported.

17.02.2014 Iran ready to deliver hydrocarbons to Russia soon - ambassador

Iran is prepared soon to step up mutually beneficial and comprehensive economic cooperation with Russia which must have an advantage on the Iranian market, Mehdi Sanai, the Ambassador to Iran, told the newspaper Kommersant in an interview published on February 17, Itar-T

13.02.2014 US government approves more fracking off California coast

The federal government has approved three new fracking jobs off the shores of California as state coastal regulators voiced concerns about potential environmental impacts, AP reported on February 13.

12.02.2014 EIA lowers U.S. oil output forecast

The Energy Information Administration on February 11 lowered its U.S.