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U.S. Gas Prices Fall, Extending Summer Decline

September 8, 2014 10:00 am | by Associated Press | Comments

A national survey says the average price of a gallon of regular gasoline has dropped 2 cents over the last two weeks, to $3.46, bringing the decline to 25 cents over the last 11 weeks.                        

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FMC Purchases Cheminova For $1.8B

September 8, 2014 9:59 am | by Associated Press | Comments

FMC is buying a Danish insecticide company for $1.8 billion. The diversified chemical company based in Philadelphia will fold Cheminova into its agricultural solutions business.                 

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California Still Embroiled In Controversy Over Utility Fine

September 8, 2014 9:55 am | by MICHAEL R. BLOOD, Associated Press | Comments

The biggest beneficiary of the record $1.4 billion fine levied against Pacific Gas & Electric Co. for a gas line explosion that killed eight people and destroyed dozens of homes in suburban San Francisco is the state of California, which stands to gain $950 million to spend any way it wants.                  

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$3B ND Fertilizer Plant Moves Foward

September 8, 2014 9:52 am | by Associated Press | Comments

CHS Inc. announced Friday that it is moving forward with a plan to build a $3 billion fertilizer plant near Jamestown, using abundant natural gas from North Dakota's oil patch as a feedstock.                        

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BP Spill By The Numbers

September 5, 2014 10:18 am | by Associated Press | Comments

Here's a look by the numbers at the nation's worst offshore oil disaster, which occurred in April 2010 when BP PLC's Macondo well blew, resulting in an explosion and deaths aboard the drilling rig Deepwater Horizon.                

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Royal Dutch Shell said Friday it is selling its Australian gasoline stations and refinery to energy trader Vitol Group for 2.9 billion Australian dollars ($2.6 billion).

Shell Seeks Permits For Moorings Near Plant

September 5, 2014 10:11 am | by Associated Press | Comments

Shell Chemical LP has applied for a permit to build two docks and 24 smaller structures to moor barges near the site of its proposed petrochemical plant in western Pennsylvania.                                   

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Gulf Of Mexico Residents Hail Ruling Against BP

September 5, 2014 10:08 am | by MICHAEL KUNZELMAN, JANET McCONNAUGHEY, Associated Press | Comments

Environmentalists, recreational fishermen and people who make their living on the Gulf of Mexico are hailing a federal judge's ruling that could mean $18 billion in additional fines for BP over the nation's worst offshore oil spill.               

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29 Rescued, 5 Still Buried After Mine Collapse

September 5, 2014 10:03 am | by SABINA NIKSIC, AMER COHADZIC, Associated Press | Comments

One by one, rescue workers pulled 29 miners out of a trouble-plagued coal mine Friday after it had collapsed a day earlier in central Bosnia. Five men remained buried deep underground as officials halted rescue efforts.                          

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Stocks Flat As Oil Drop Offsets ECB Stimulus

September 5, 2014 10:01 am | by STEVE ROTHWELL, AP Business Writer | Comments

A slump in oil prices weighed on the stock market Thursday, pushing the Standard & Poor's 500 index to its third straight loss.                                 

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Biofuel Plant, Tesla Topics At Vegas Event

September 4, 2014 5:05 pm | by KEN RITTER, Associated Press | Comments

Plans for a $5 billion Tesla automobile battery plant upstaged an announcement Thursday that a northern Nevada biofuel production plant would receive a federal loan guarantee for a little under 40 percent of its $266 million cost.                          

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Montana Coal Deal To Boost Asian Exports

September 4, 2014 4:47 pm | by MATTHEW BROWN, Associated Press | Comments

Coal companies announced an agreement Thursday to consolidate ownership of a Montana mine in a deal aimed at boosting exports of the fuel to Asia through ports on the U.S. West Coast.                                                

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Ruling To Cost BP Extra $18B; Stock Slumps

September 4, 2014 4:42 pm | by JONATHAN FAHEY, AP Energy Writer | Comments

A judge's ruling in the 2010 Gulf of Mexico oil spill case that could cost BP an additional $17.6 billion in fines sent the company's shares tumbling.                                       

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BP plans to create a separate, more competitive business to manage its onshore oil and gas assets, including its shale operations, in the 48 contiguous U.S. states.

Judge: Reckless Conduct Caused BP Oil Spill

September 4, 2014 4:27 pm | by MICHAEL KUNZELMAN, JANET McCONNAUGHEY, Associated Press | Comments

BP acted "recklessly" and bears most of the responsibility for the nation's worst offshore oil spill, a federal judge concluded Thursday, exposing the energy giant to roughly $18 billion in additional penalties.                                           

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Court Rules Next Week On Fracking Case

September 4, 2014 4:17 pm | by SCOTT SONNER, Associated Press | Comments

A federal judge plans to decide next week whether to block the release of oil and gas leases in Nevada that critics say will be used for hydraulic fracturing and cause more environmental harm than the Bureau of Land Management admits.                    

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States Anxiously Await Court Decision On Proposed Carbon Standards

September 4, 2014 9:55 am | by Associated Press | Comments

Twelve state attorneys general are urging an appeals court to decide quickly on a lawsuit over the legality of proposed carbon emission standards.                                    

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