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Construction spending slipped in November

Construction spending fell slightly in November to a seasonally adjusted annual rate of $866 billion, the U.S. Census Bureau reported Wednesday.
Inventing a crisis

Inventing a crisis

First you invent a crisis. Then you solve the crisis. Everybody wins. Isn't that how it works?
ANTHONY HALL, United Press International

Weather impedes Shell recovery in Alaska

Severe weather conditions are affecting the response to the grounding of a drill ship near the western coast of Alaska, U.S. supermajor Shell said.

Nebraska asked to wait on Keystone XL

The governor of Nebraska should wait to make decisions on the Keystone XL pipeline route until a court issues a final ruling on state laws, an attorney said.

Alaska fracking proposal draws praise

New rules proposed by state regulators in Alaska for hydraulic fracturing are "quite comprehensive," the director of a water advocacy group said.

Israel inaugurates Tamar gas field

The inauguration of the Tamar natural gas production platform heralds a new era for Israeli energy independence, a top stakeholder said.

Ukraine looks to replace gas with coal

The Ukrainian government said it secured a loan from the Chinese government to back a program aimed to substituting natural gas with coal.

Canada eyes more Athabasca oil sands work

A Canadian energy company expects a regional regulator to sign off soon on an $802 million oil sands development project in Alberta, an executive said.

China searching for more gas for winter

China National Petroleum Corp. aims to secure natural gas supplies from domestic and Central Asian suppliers to address surging winter demand, a spokesman said.

Cost for Shah Deniz II tops $28 billion

The second phase of the Shah Deniz natural gas field offshore Azerbaijan should cost as much as $30 billion, the head of a state energy company said.

Beirut expects big turnout for gas auction

Companies examining the energy potential in Lebanon are eager for the robust showing at a February natural gas auction, an executive said.

Egypt pushes Dana Gas past 17 million boe

Dana Gas, one of the largest natural gas producers in Egypt, announced new gas discoveries pushed proven reserves to more 17 million barrels of oil equivalent.

Navy orders Block IV Tomahawks

Raytheon is to build and begin delivering Block IV variant Tomahawk cruise missiles to the U.S. Navy under a $254.6 million contract.

Final assembly for Australian C-27Js

The first of 10 C-27J aircraft being built by Italy's Alenia Aermacchi for the Australian air force is set for final assembly.

Navy orders more C-40A transports

Two additional C-40A Clipper transports are to be built by Boeing for the U.S. Navy under a $145 million contract.

BAE withdraws from tender

BAE Systems Australia has dropped out of a tender process with the Australian military after two employees breached tender protocols.

Iraq receives support vessels

Two U.S.-made offshore support vessels built for Iraq through a Foreign Military Sales deal have been delivered Iraq's Umm Qasr naval facility.

Eurocopter clinches deal with Finland

Eurocopter and Finland's Border Guard have completed a deal for two additional AS332e L1 Super Puma helicopters to be delivered in 2015.

Rheinmetall's 50kW laser proves worth

A 50kW high-energy laser weapon demonstrator by Rheinmetall of Germany has successfully detected, tracked and engaged targets.

Another communications satellite launched

A fourth British military communications satellite built by Europe's aerospace company Astrium has been launched into orbit.

Erdogan touts TANAP for Europe security

Turkey's position as a guarantor of energy security in Europe has been secured with the new TANAP gas pipeline, Prime Minister Recep Tayyip Erdogan says.

Strong sales for ReconRobotics

ReconRobotics Inc., a U.S. manufacturer of tactical micro-robots, reports it is closing the calendar year with strong sales of systems abroad.
2012 a good year for GM, Ford

2012 a good year for GM, Ford

The two top U.S. auto companies ended 2012 on a high note with double-digit increases in their stock price during the year.

Drilling rig grounded off Kodiak Island

A winter storm grounded a Royal Dutch Shell drilling rig in waters off the southern coast of Alaska's Kodiak Island, the U.S. Coast Guard said.
Hollande vows to reverse jobless rate

Hollande vows to reverse jobless rate

French President Francois Hollande vowed to reverse the country's rising unemployment in 2013 in his first New Year's address.
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