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Anadarko Petroleum Profit Drops 76%

July 30, 2014 | by Associated Press | Comments

Anadarko Petroleum Corp. (APC) on Tuesday reported net income that declined by 76 percent in its second quarter, and missed analysts' expectations.                            

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Terror Threats At Chemical Plants Severely Underestimated

July 30, 2014 9:53 am | by HOPE YEN, Associated Press | Comments

The government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it considers particularly vulnerable to terrorists, congressional investigators say.

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African Oil & Energy Sector Fuels Global Investor Growth

July 30, 2014 9:24 am | by DHL | Comments

While Oil and Gas activity in West Africa is nothing new, it is the activity in East Africa which is creating a stir amongst exploration companies and of course, their suppliers.                                     

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Clean Air Criticism Flies From Both Sides

July 29, 2014 4:30 pm | by DAN ELLIOTT, RAY HENRY, Associated Press | Comments

Hundreds of people across the country lined up Tuesday to tell the Environmental Protection Agency that its new rules for power-plant pollution either go too far or not far enough.                         

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Attorney Claims Oklahoma Drilling Tax Unconstitutional

July 29, 2014 4:26 pm | by Associated Press | Comments

An attorney claims a state law that sets Oklahoma's tax on oil and gas production is unconstitutional. Jerry Fent told a state Supreme Court referee Tuesday the measure does not comply with constitutional guidelines for the passage of revenue bills.

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Govt. Failed To Inspect Chemical Plants With High Terror Risk

July 29, 2014 4:22 pm | by HOPE YEN, Associated Press | Comments

The year-long investigation by Republican staff on the Senate Homeland Security Committee paints a picture of inspection delay, government errors in risk assessment and industry loopholes in a $595 million terror prevention program passed by Congress in 2006.

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NTSB Releases Report From Conrail Derailment & Gas Leak

July 29, 2014 3:31 pm | by GEOFF MULVIHILL, Associated Press | Comments

Systemic errors led to a 2012 train derailment in New Jersey that released a dangerous gas into the air, sickening residents and emergency responders, the National Transportation Safety Board said Tuesday in a scathing report.

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Oil Refinery Fire Injures 4

July 29, 2014 3:27 pm | by Associated Press | Comments

Four workers at an oil refinery in southeast Kansas were burned Tuesday in an early morning fire, the Texas company said.                                    

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Hundreds Line Up To Discuss EPA Carbon Rules

July 29, 2014 10:00 am | by DAN ELLIOTT, Associated Press | Comments

Hundreds of people will tell the Environmental Protection Agency what they think of proposed rules to cut pollution from power plants during public hearings Tuesday and Wednesday in Denver.                                  

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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.

BP Warns That Russian Sanctions Will Impact Profits

July 29, 2014 9:57 am | by DANICA KIRKA, Associated Press | Comments

Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft.                           

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Arch Coal Posts Significant Q2 Losses

July 29, 2014 9:45 am | by Associated Press | Comments

The St. Louis-based company posted a loss of $96.9 million, or 46 cents per share, compared with a loss of $72.2 million, or 34 cents per share, in the same quarter a year earlier.                          

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Waste Management Sells Subsidiary For $1.94B

July 29, 2014 9:42 am | by Associated Press | Comments

Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business.                                      

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Closing The Largest Coal Plant In The West

July 28, 2014 3:51 pm | by FELICIA FONSECA, Associated Press | Comments

The largest coal-fired power plant in the West will produce one-third less energy by 2020 and is on track to cease operations in 2044 under a proposal that the federal government adopted to cut haze-causing emissions of nitrogen oxide at places like the Grand Canyon.

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Fish Processing Plant Explosion Leaves 1 Dead, 3 Hurt

July 28, 2014 3:49 pm | by Associated Press | Comments

Authorities say one person died and three others were injured in an explosion at a fish processing plant on the Mississippi coast.                                     

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Illinois Coal Exports Dip

July 28, 2014 3:47 pm | by Associated Press | Comments

The state Department of Commerce and Economic Opportunity says that about 12 million tons of Illinois coal was exported in 2013. That's down from the 13 million tons exported in 2012, but far more than the 5.5 million tons exported in 2011 and 2.5 million tons in 2010. 

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North Carolina's environmental agency sought late Monday to delay its own settlement with Duke Energy a week after a busted pipe at one of the company's coal ash dumps spewed enough toxic sludge into the Dan River to fill 73 Olympic-sized pools.

Duke Makes $1.2B Deal With ElectriCities

July 28, 2014 3:46 pm | by Associated Press | Comments

Duke Energy Progress has agreed to purchase the generating capacity of ElectriCities in a $1.2 billion deal expected to translate into lower power bills for thousands of eastern North Carolina residents.                     

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