News bites: Sanctions cut Iranian oil revenues in half

Barclays predicts the Federal Energy Regulatory Commission’s $470 million fine for power market manipulation won’t stand in court, Reuters reports.

Green groups are calling for a more stringent climate change assessment regarding the construction of the Keystone XL pipeline’s northern leg, notes Fox News.

Bloomberg takes a look at some of the nation’s water wars that have developed from drought and climate change.

Kansans are hoping an oil and gas boom awaits in the Mississippi Lime formation, reports The Kansas City Star.