While the 1,300-plus wells currently on the Fort Berthold Indian Reservation produce roughly a third of North Dakota's daily output, the tribe only receives a fraction of money generated through royalties and a tax-sharing agreement with the state. That's why the four new wells will be important, say tribal councilmen.
The United States exported its highest level of crude oil in 57 years, and since April, crude exports have included modest amounts of Canadian-produced barrels that were moved through the United States and then re-exported to Switzerland, Spain, Italy and Singapore.
The decision to locate the plant in Augusta is a demonstration of the close working relationship between DSM and the State of Georgia. Construction is scheduled to start in Q1 2015 with completion targeted for mid-2016.
A specialized mine rescue team, as well as other searchers, are working at the scene. Antioquia Gov. Sergio Fajardo says it is likely to take three days to reach the men in a "very complicated" rescue operation.
The solid increase suggests consumers largely dismissed concerns about slowing global growth and have ignored the sharp swings in financial markets earlier this month. Instead, greater hiring and lower gas prices are boosting their outlook.
The national average price of gasoline has fallen 33 cents in October, landing at $3.00, according to AAA. The average will fall under $3 by early Saturday morning for the first time in four years. When the national average crossed above $3 a gallon in December of 2010, drivers weren't sure they'd ever see $2.99 again.
Exxon's oil and gas production fell 4.7 percent compared with the same period a year ago, driven mostly by lower natural gas production and the expiration earlier this year of Exxon's rights to production at a field in Abu Dhabi.
In the long term, energy-related carbon dioxide (CO2) emissions are driven by economic and efficiency trends and changes in the fuel mix. But weather fluctuations are a very significant factor affecting year-to-year variation in fossil fuel consumption and their resulting emissions.
As industrial growth intensifies in Europe, rising investments in the food and beverage and pharmaceutical industries will bolster the process mixing equipment market in the region. New application areas such as bioreactors, fine chemistry, and vaccine manufacturing will give a further boost to the market.
Federal regulators say Superior Crude Gathering Inc. has agreed to pay a $1.6 million civil penalty over a 2010 oil storage tanks spill in South Texas.
Talks to guarantee that Russian gas imports flow into Ukraine throughout the winter appeared to be at an impasse Thursday because of doubts over payments from Kiev.
The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.
Southern Co. says it will cost at least another $496 million to finish the power plant it's building in eastern Mississippi's Kemper County, pushing the total cost above $6.1 billion.
New York regulators have revised their proposed liquefied natural gas storage rules to include size restrictions in response to public comments.
A dispute between North Carolina officials and Alcoa Inc. over the right to control the water and electricity coming from the state's second-largest river system was set to go before a federal judge Wednesday.