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A California-based lender has foreclosed on the old Hawaii Raceway Park land in West Oahu.

Former Yahoo vice president Matt Compton has resurfaced as a venture partner for Madrona Venture Group in Portland.

Russia, Iran and Qatar will discuss setting up a venture to produce and sell Iranian gas when top officials and executives from the three states hold gas cooperation talks on Wednesday in Doha.

MMS has taken the first step in the multi-year leasing process to hold a sale, referred to as Lease Sale 220, for acreage offshore Virginia, which is proposed to be held in 2011.

National Iranian Oil Co. has finalized a development plan for Iran's huge North Pars gas field with CNOOC and is now negotiating the price of the gas.

Canada's major energy companies are tightening their belts after a stellar earnings season, as the stresses in financial and commodity markets presage tougher times ahead.

API emphasized the pressing need for the United States to develop its own oil and natural gas resources following the IEA's warning that some 30 million barrels per day of crude oil capacity is needed by 2015.

Government scientists believe Alaska's North slope has huge deposits of frozen natural gas that current technology could extract, according to an Interior Department report.

Apparently there is still no such thing as a free lunch.

Wells Fargo’s successfully completed its $12.6 billion stock offering this month in part thanks to Chairman Dick Kovacevich’s celebrity in banking circles, the Wall Street Journal reported Wednesday. (WFC)