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Oilpatch Firms Selling Stock to Shore up Finances, But Who's Buying?

March 18, 2015 10:54 am | by Lauren Krugel, The Canadian Press | Comments

Energy firms have been looking to raise billions in financing by selling big chunks of their own stock — betting that investors smell a buying opportunity.

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Greenbrier Shares Find Energy Outside of Energy Sector

March 18, 2015 10:39 am | by The Associated Press | Comments

The railroad freight-car maker Greenbrier announced a sharp hike in orders during the second quarter, but industry watchers honed in on what railroads want to buy, rather than how much.

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Panel Nears Decision on Coal-Fired Power Plant Closure Plan

March 18, 2015 10:29 am | by SUSAN MONTOYA BRYAN, Associated Press | Comments

New Mexico regulators are close to making a decision on what experts have called a watershed case that could influence energy policy in the state for years to come.

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La Pine Biomass Electricity Plant Looks For Energy Buyer

March 18, 2015 10:24 am | by DYLAN J. DARLING, Bend Bulletin | Comments

The $75 million, 25-megawatt biomass plant would produce enough electricity to power about 19,000 homes, Broberg said. The plant would burn wood — limbs and other scrap left over after logging, debris from thinning projects and urban waste — to heat water, create steam and turn a turbine.

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Oil Prices Fall to Six-Year Low

March 17, 2015 5:16 pm | by Andy Szal, Digital Reporter | Comments

In the wake of a 10 percent slide last week, the price of crude oil on the West Texas Intermediate index fell to about $44 per barrel, the lowest level in six years.

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More States Looking to Ban Microbeads

March 17, 2015 5:13 pm | by Andy Szal, Digital Reporter | Comments

The wide range of soaps and skin care products containing the pellets, called microbeads, sparked fears among researchers and environmental advocates about their effect on the water supply.

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Canada Safety Board Says Tank Car Standards Needed Sooner

March 17, 2015 5:04 pm | by ROB GILLIES, Associated Press | Comments

"While the proposed standards look promising, the TSB has concerns about the implementation timeline," the Transportation Safety Board said in a statement.

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ConcoPhillips to Cut Spending, Expects Output Boost

March 17, 2015 5:00 pm | by The Associated Press | Comments

The Houston-based energy company said Tuesday that it plans to reduce its annual capital spending to about $11.5 billion, down from a prior plan of about $16 billion, through 2017. It expects spending on development drilling to increase while major project spending declines.

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Anti-Graft Probe Targets PetroChina Vice Chairman

March 17, 2015 10:59 am | by JOE McDONALD, AP Business Writer | Comments

The vice chairman of China's biggest state-owned energy company has become the latest prominent executive targeted by Communist Party investigators in a spreading anti-corruption campaign.

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DuPont And Salix Are Big Market Movers

March 17, 2015 10:51 am | by The Associated Press | Comments

Some of the biggest news from Wall Street.

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Florida House Rejects Effort to Repeal Nuclear Power Fee

March 17, 2015 10:45 am | by The Associated Press | Comments

State legislators are refusing to repeal a law that lets utility companies charge for future nuclear power plants.

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Exelon, Pepco Reach Settlement Over Merger in Maryland

March 17, 2015 10:42 am | by The Associated Press | Comments

Chicago-based Exelon announced in April of 2014 that it was buying Washington, D.C.-based Pepco Holdings Inc. for $6.83 billion to create a large electric and gas utility in the Mid-Atlantic region, serving approximately 10 million customers. The deal faces regulatory hurdles.

When Oil Prices Are Down, Worker Deaths Are up in The Bakken

March 16, 2015 5:28 pm | by Andy Szal, Digital Reporter | Comments

North Dakota saw eight oilfield employee deaths since October, a five-month total than exceeded the number for the previous 12-month span. October also coincided with the beginning of a decline in the number of oil rigs operating in the state.

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Oil Price Heading Down Again After ‘Head Fake’ Rally; Gas Price Likely to Follow

March 16, 2015 4:41 pm | by Jonathan Fahey, The Associated Press | Comments

“The rebalancing (of supply and demand) triggered by the price collapse has yet to run its course,” the agency wrote in its monthly oil market report.

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2 Former Freedom Owners Plead Guilty in Chemical Spill Case

March 16, 2015 4:33 pm | by JOHN RABY, Associated Press | Comments

Each faces up to a year in prison when sentenced June 22. They also face fines of $25,000 per day per violation, or $100,000 — whichever is greater.

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