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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.

Trial Set For Ex-BP Exec

August 12, 2014 9:53 am | by Associated Press | Comments

A trial is expected to begin the week of March 9 for a former BP executive charged with obstructing a congressional investigation into the 2010 Gulf of Mexico oil spill.                            

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Obama Administration Talks Energy Development

August 12, 2014 9:52 am | by SUSAN MONTOYA BRYAN, Associated Press | Comments

The potential for renewable energy development in the Southwest is tremendous, but two top officials in President Barack Obama's administration said Monday much work needs to be done to meet the challenges of exporting that power to market.  

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Indianapolis Fears Coal Ash Contamination

August 11, 2014 4:32 pm | by CHARLES D. WILSON, Associated Press | Comments

Environmental, health and neighborhood groups on Monday called on Indianapolis Power & Light to test groundwater at eight coal ash lagoons they fear may be contaminating wells that supply water to residents on the city's south side.       

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Mexico Opens Oil & Gas To Private, Foreign Firms

August 11, 2014 4:30 pm | by MARK STEVENSON, Associated Press | Comments

Mexican President Enrique Pena Nieto signed into law on Monday new rules governing a historic opening of the state-run oil, gas and electricity industries to foreign and private companies.                    

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Drilling Firm Challenges Waste Ordinance

August 11, 2014 4:28 pm | by JOE MANDAK, Associated Press | Comments

A gas and oil drilling company has sued a western Pennsylvania township, claiming that an ordinance passed to ban the disposal of drilling byproducts like fracking fluids and briny water is illegal and trumped by state and federal law.

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$1.5 Wastewater Violation Still Unpaid In North Dakota

August 11, 2014 10:53 am | by JAMES MacPHERSON, Associated Press | Comments

It's been two years since state regulators touted a record $1.5 million fine against a company for illegally dumping 20,000 barrels of toxic liquid and threatening drinking water supplies near a large western North Dakota city, and little has changed. The now-dissolved company is under federal investigation, the penalty is unpaid and the affected site is still contaminated.

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Claims Grow Against WV Spill Company

August 11, 2014 10:51 am | by JONATHAN MATTISE, Associated Press | Comments

Charleston-based Freedom Industries can expect about 5,000 groups to ask for money in bankruptcy claims over the spill, said the case's claims agent, James Lane.                          

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Keystone Will Produce More Carbon Pollution Than Expected

August 11, 2014 10:48 am | by SETH BORENSTEIN, AP Science Writer | Comments

The much-debated Keystone XL pipeline could produce four times more global warming pollution than the State Department calculated earlier this year, a new study concludes.                         

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American Energy Worker Killed In Egypt

August 11, 2014 10:39 am | by MICHAEL GRACZYK, Associated Press | Comments

An American employee of Texas-based energy company Apache Corp was killed last week in an apparent carjacking in the western Egyptian desert, officials said Sunday.                         

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Martin Midstream Pays $120M For Cardinal Gas Storage Partners

August 11, 2014 10:36 am | by Associated Press | Comments

Oil and natural gas distributor Martin Midstream Partners said Monday it will pay $120 million to get full ownership of Cardinal Gas Storage Partners, which helps run four natural gas storage facilities in North Louisiana and Mississippi. 

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Russia Begins Drilling Northmost Well

August 11, 2014 10:33 am | by Associated Press | Comments

The well is part of a joint project between the Russian state-owned oil company Rosneft and ExxonMobil to develop the region's oil reserves, which are estimated at up to 100 billion barrels.                     

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1 Dead In Refinery Blast

August 11, 2014 10:24 am | by Associated Press | Comments

Mexico's state-owned oil company says one worker died when a gas leak caught fire and shout out flames at a refinery in the northern state of Tamaulipas.                            

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WV Chemical Spill Cost: $11M

August 8, 2014 3:41 pm | by Associated Press | Comments

A West Virginia water supplier has taken an $11 million hit to address a January chemical spill that tainted 300,000 people's tap water.                                  

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The flow of natural gas, water and sand has been stopped at a drilling rig off Louisiana's coast, the operator and federal regulators said Saturday.

U.S. Rig Count Up To 1,908

August 8, 2014 3:35 pm | by Associated Press | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose 19 this week to 1,908.                                          

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Chemicals mergers and acquisitions (M&A) activity in the fourth quarter of 2013 saw a large uptick that helped level off 2013 overall deal volume and value, largely in part due to divestitures and mega deals – those valued at more than $1 billion, accordi

Q2 Chemicals M&A Activity Driven By Mid-Market Acquisitions

August 8, 2014 9:31 am | by PwC US | Comments

Chemicals mergers and acquisitions (M&A) activity in the second quarter of 2014 more than doubled in value and volume when compared to the same period last year. Mid-market transactions ($50 - $250 million) accounted for 68 percent of total deal activity and over 20 percent of value, helping push total second quarter deal value to more than $12 billion.

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