Energy Industry News
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Germany should cut value-added tax levied on energy consumption to help cut household bills as the nation transitions to wind and solar generation from fossil fuels and nuclear, according to BayWa AG.
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The U.S. State Department released about 100,000 public comments it has received on TransCanada Corp.’s proposed Keystone XL pipeline, the first batch of more than 1.2 million submitted to the agency on the project.
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The U.S. House of Representatives passed legislation to approve the Keystone XL oil pipeline, the eighth time congressional Republicans have advanced a measure promoting the project.
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Mexican and Canadian stocks are returning the least in 14 years versus the Standard & Poor’s 500 Index, a break from a history of matching or beating the benchmark gauge since the countries formed a free-trade agreement in 1994.
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EON SE, Germany’s largest utility, and seven European peers demanded policy changes in the energy industry to ensure sufficient investment in future supply.
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The European Union tightened safety rules for offshore oil and natural-gas exploration to curb the risk of a major accident after BP Plc’s 2010 spill in the Gulf of Mexico, the largest in U.S. history.
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With Norway finally starting to feel the pain from Europe’s debt crisis, the oil-dependent country is looking for ways to diversify its economy, and -- surprise -- tech has emerged as a promising area of development.
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President Cristina Fernandez de Kirchner wants tax evaders hiding about $160 billion in dollars to help finance Argentina’s oil-producing ambitions. Her offer: Buy a 4 percent bond or face the prospect of jail time.
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Hess Corp., the oil company that’s in a proxy battle with billionaire Paul Singer’s Elliott Management Corp., said it will strip Chief Executive Officer John B. Hess of the chairmanship after its annual meeting next week.
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Alberta oil sands production increased 10 percent to 1.9 million barrels a day last year and will double to 3.8 million by 2022, the province’s energy regulator predicts.
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