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Shell Profits Up On Higher Oil Prices

July 31, 2014 | by Associated Press | Comments

Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.                              

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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 Profits Up On Higher Oil Prices

July 31, 2014 9:36 am | by Associated Press | Comments

Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.                              

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ADM Settles EPA Allegations

July 30, 2014 4:23 pm | by Associated Press | Comments

Federal regulators say Archer Daniels Midland Co. has agreed to settle allegations that it violated Clean Water Act rules at oil storage facilities in Iowa, Missouri and Nebraska.                        

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Tri-State Coal Interests Rally Before Hearings

July 30, 2014 4:20 pm | by JOE MANDAK, Associated Press | Comments

More than 2,000 union workers and others organized by the coal industry in Pennsylvania, Ohio and West Virginia joined top state elected officials Wednesday to rally against proposed stricter federal pollution regulations for coal-burning power plants.  

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The company that operates a southeastern Pennsylvania nuclear plant says it may decide within a year to shut down some of its 11 nuclear power stations if a way to make them profitable can't be found.

Exelon Buys Integrys Retail For $60M

July 30, 2014 4:17 pm | by Associated Press | Comments

Integrys Energy Services, sells electricity and natural gas to about 1.2 million customers in 22 states and Washington DC. Exelon said the business will become part of its Constellation unit, which has about 2.5 million customers.   

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An ammonia leak and fire have shut down a beef processing plant in eastern Nebraska, but no employees were injured.

Cattle Shortage Closes Cargill Beef Plant

July 30, 2014 4:15 pm | by Associated Press | Comments

Cargill says it plans to close a Milwaukee beef-processing plant which employs about 600 people on Friday due to a shortage of cattle.                                 

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Canada-Billings Pipeline Access Granted

July 30, 2014 4:13 pm | by Associated Press | Comments

A refining company will be able to continue operating three pipelines that transport crude oil from Canada after a judge granted access to the final land parcel whose easement had expired.                     

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Cyprus To Start Drilling For Gas Offshore

July 30, 2014 4:01 pm | by Associated Press | Comments

Cyprus' energy minister said that exploratory drilling in the first of six potential gas fields off the east Mediterranean island's coast is slated to begin before the end of summer.               

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Valero Energy Profit Up 26%

July 30, 2014 4:00 pm | by Associated Press | Comments

Valero Energy Corp. (VLO) reported earnings that climbed by 26 percent in its second quarter, and fell short of 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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