Chesapeake boosting Wyoming holdings

Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash.

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Thailand's PTTEP buys Hess assets in $1 bln deal - Ceo

BANGKOK, April 23 (Reuters) - PTT Exploration and Production Pcl (PTTEP), Thailand's top oil and gas explorer, has bought Hess Corp's assets in Thailand in a $1 billion deal as part of its attempt to boost its gas business, the company's CEO said on Wednesday.

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GDF Suez signs a Memorandum of Understanding and Cooperation with Pemex

PARIS -- On the occasion of the visit of a French government delegation to Mexico, Gerard Mestrallet, Chairman and CEO of GDF Suez, signed a Memorandum of Understanding and Cooperation with Emilio Lozoya, Chairman and CEO of Pemex, to develop natural gas and other energy projects in Mexico.Mexican and French Presidents Enrique Pena Nieto and Francois Hollande were present at the signing.

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Anadarko $5 billion settlement clears explorer for growth

The $5 billion settlement of a long-running pollution case will free Anadarko Petroleum to rival the world's biggest energy companies and pursue global ambitions from Mozambique to the Gulf of Mexico.

That is, if they don't get bought first.

Built for a potential sale by former chief executive officer James Hackett, a renowned dealmaker, Anadarko may have outgrown all but a few possible suitors.

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Ukraine Standoff Escalates, Could South Stream be in Doubt?

When completed, the South Stream pipeline will run from Russia, underneath the Black Sea to Bulgaria, and on to Western Europe. It will carry Russian natural gas to Europe while bypassing Russia’s neighbor Ukraine. Russia clearly finds this pipeline to be strategically important – the Kremlin would be able to operate with greater freedom when using natural gas to bully Ukraine, and it wouldn’t have to worry about angering its large customer base in Western Europe.

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The Absurdity of US Natural Gas Exports

Quiz:1. How much natural gas is the United States currently extracting? (a) Barely enough to meet its own needs(b) Enough to allow lots of exports(c) Enough to allow a bit of exports(d) The United States is a natural gas importerAnswer: (d) The United States is a natural gas importer, and has been for many years. The EIA is forecasting that by 2017, we will finally be able to meet our own natural gas needs. Figure 1.

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Federal regulators aim to fix power markets by next winter

Federal energy regulators should aim to make a series of "small market fixes" by the onset of next winter to lessen the volatility seen in the price of electricity and natural gas during a series of extreme cold events in January and February, said Cheryl LaFleur, acting chairwoman of the Federal Energy Regulatory Commission.

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Fiscal break-even oil prices for major OPEC members

One of the key drivers of the oil markets is the price at which principal OPEC producers balance their government accounts – better known as fiscal break-even oil prices. By monitoring the fluctuations of these break-even prices in major oil-producing countries such as Saudi Arabia, Iran, Iraq, Kuwait and the UAE, we can assess potential changes in OPEC’s desired level of global oil prices.

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Enable Midstream offers terms of IPO

By Jay F. Marks, Business Writer

Enable Midstream Partners LP on Tuesday detailed the terms of its planned initial public offering of 25 million common units representing limited partner interests in the pipeline firm formed last year by OGE Energy Corp.

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How Crimea Hurts Russia

Since the dissolution of the Soviet Union, slowly but surely NATO added members in Eastern Europe. Likewise, the European Union opened up its doors to its eastern neighbors formerly in Moscow’s orbit. Russia saw this as a threat, and upon the downfall of Viktor Yanukovych, Russia saw the loss of Ukraine as something that it could not tolerate. From this perspective, Vladimir Putin likely feels that by seizing Crimea he stopped the expansion of a NATO-backed plan to expand eastwards.

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Natural variation: Warm North Atlantic Ocean promotes extreme winters in US and Europe

The extreme cold weather observed across Europe and the east coast of the US in recent winters could be partly down to natural, long-term variations in sea surface temperatures, according to a new study. Researchers have shown that a phenomenon known as the Atlantic Multidecadal Oscillation (AMO) -- a natural pattern of variation in North Atlantic sea surface temperatures that switches between a positive and negative phase every 60-70 years -- can affect an atmospheric circulation pattern, known as the North Atlantic Oscillation (NAO), that influences the temperature and precipitation over the Northern Hemisphere in winter.

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Federal criminal charges likely in gas blast

A disclosure document filed with the Securities and Exchange Commission by PG&E Corp. and its subsidiary said the company expects the federal government will bring criminal charges against the utility in connection with the Sept. 9, 2010, explosion of its transmission pipeline in San Bruno.

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Senate hears pleas for more natural gas exports

WASHINGTON (AP) — Calls to increase U.S. natural gas exports to counter Russian influence across Europe grew louder Tuesday amid concerns that Russia will move deeper into Ukraine.

Lithuania's energy minister, Jaroslav Neverovic, pleaded in emotional terms for U.S. help, saying his country is "100 percent" dependent on Russia for natural gas and has to pay 30 percent higher prices for it than other countries in Europe.

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GOP candidate Kashkari proposes tax breaks

SACRAMENTO, Calif. (AP) — A 10-year corporate tax credit for companies that move to California and create more than 100 new jobs, diverting nearly $10 billion in high-speed rail bond money to water storage projects and promoting fracking for oil and natural gas are among the policy proposals released Tuesday by Republican gubernatorial candidate Neel Kashkari.

The proposals read like a wish list of proposals Republican lawmakers in the state Legislature have pushed over the last decade.

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