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Kentucky Drilling Scam Convictions Upheld

April 16, 2014 10:17 am | by BRETT BARROUQUERE, Associated Press | Comments

Two brothers who defrauded millions of dollars from thousands of investors in an oil and gas drilling scheme lost a bid Tuesday to have their convictions and sentences overturned.                     

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ConocoPhillips Resumes Kenai LNG Shipments

April 15, 2014 10:42 am | by Associated Press | Comments

ConocoPhillips says it will resume exports of liquefied natural gas from a Kenai Peninsula facility.                                           

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Georgia Factory Accused Of Polluting Altamaha River

April 15, 2014 10:40 am | by RAY HENRY, Associated Press | Comments

An environmental group is suing a factory in southeast Georgia, accusing the company of discharging colored waste and odors in the Altamaha River.                                                

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Glencore Xstrata Buys Caracal Energy For $1.35B

April 15, 2014 10:38 am | by Associated Press | Comments

Swiss-based commodities giant Glencore Xstrata Plc says it is buying oil exploration firm Caracal Energy Inc. for about 800 million pounds ($1.35 billion) in cash.                             

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Utilities' Defenses Hold Against Hackers

April 15, 2014 10:23 am | by STEPHEN SINGER, Associated Press | Comments

Electric, natural gas and major water companies and regional distribution systems in Connecticut have been penetrated by hackers and other cyber attackers, but defenses have prevented interruption, state utility regulators said Monday in their first report on cyber security.

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BNSF Promises More Fertilizer Trains

April 15, 2014 10:20 am | by JAMES MacPHERSON, Associated Press | Comments

BNSF Railway Co. has promised to add more trains to ensure timely delivery of fertilizer for spring planting, Sen. John Hoeven said Monday.                                      

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Court Overturns Conflict Minerals Provision

April 15, 2014 10:15 am | by PETE YOST, Associated Press | Comments

A U.S. appeals court has overturned a disclosure requirement that public companies must post information about their use of minerals from Congo, where militias linked to atrocities have profited from mining minerals used in electronics, jewelry and other goods.

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Shell Discusses Shale Gas Plant In Pennsylvania

April 15, 2014 10:10 am | by Associated Press | Comments

Shell Chemical LP plans to hold meetings in western Pennsylvania to discuss the possibility of building a huge natural gas processing plant there.                                               

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Restoring The Ohio Oil Leak Site

April 15, 2014 10:07 am | by LISA CORNWELL, Associated Press | Comments

Crews worked for the fourth week to clean oil that leaked from a pipeline into a nature preserve near Cincinnati as officials began to focus on restoration of the affected area.                      

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In The Wake Of West Anniversary, Fire Chief Urges Changes

April 15, 2014 10:05 am | by PAUL J. WEBER, Associated Press | Comments

The state fire marshal recommended Monday that 46 facilities storing ammonium nitrate in Texas be required to make structural improvements to prevent another deadly blast like the one that killed 15 people nearly a year ago in West.   

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Fitch Downgrades Alcoa's Credit To "Junk"

April 14, 2014 10:26 am | by Associated Press | Comments

Fitch Ratings Service downgraded Alcoa's credit rating to "junk" status on Friday, saying it thinks the company's leverage will stay high and aluminum prices and profitability will remain low.                       

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Former Energy Executive Denies Theft

April 14, 2014 10:24 am | by Associated Press | Comments

A former Sheridan energy company executive accused of stealing more than $1 million in royalties has pleaded not guilty to seven felony charges.                                

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Arizona Cuts Electricity & Natural Gas Taxes For Manufacturers

April 14, 2014 10:20 am | by BOB CHRISTIE, Associated Press | Comments

Arizona Gov. Jan Brewer signed into law a bill that eliminates sales taxes on electricity and natural gas purchased by manufacturers and mining smelters, a move she said was needed to make the state more attractive to large businesses.

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Oil Leak Blamed For Benzene Contamination

April 14, 2014 10:17 am | by Associated Press | Comments

An oil pipe leak caused excessive levels of the toxic chemical benzene in a major Chinese city's water supply, prompting warnings against drinking from the tap and sending residents to queue up to buy bottled water.            

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Oil Boom Comes To California By Rail

April 14, 2014 10:14 am | by Associated Press | Comments

There are no pipelines that bring crude oil into California. For decades, the fuel that powers the state's 32 million vehicles has come from tanker ships or in-state production. But government regulators predict a surge in U.S. oil production will means a steep increase in the number of trains carrying it to California refineries.

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