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Statoil Comes Up Dry In The Arctic

August 7, 2014 4:06 pm | by KARL RITTER, Associated Press | Comments

Norway's Statoil ASA has found no commercial quantities of oil and gas at the northernmost wells it has ever drilled in the Arctic, the government-controlled company said Thursday.                 

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NRG Closing Illinois Coal Plant

August 7, 2014 4:04 pm | by Associated Press | Comments

An energy company has announced plans to close one Illinois coal-fired generating unit in Romeoville and convert a facility in Joliet to natural gas to reduce carbon dioxide emissions. The company says the move will eliminate 250 jobs. 

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Man Pleads Guilty To Mine Kickback Scheme

August 7, 2014 4:01 pm | by JONATHAN MATTISE, Associated Press | Comments

David E. Runyon's guilty plea came in U.S. District Court in Charleston. He faces up to 25 years in prison and $500,000 in fines for extortion and tax evasion.                         

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Oil Boom & Housing Bust Alter Spending Trends

August 7, 2014 4:00 pm | by CHRISTOPHER S. RUGABER, AP Economics Writer | Comments

Americans spend the most, per person, on housing in Washington, D.C., and the least in West Virginia. Those and other figures emerged from a new annual report from the government that for the first time reveals consumer spending on a state-by-state basis. The numbers point to substantial shifts in the economy since the recession ended.

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A handful of the hundreds of creditors seeking compensation from the company at the center of West Virginia's chemical spill that deprived residents of usable tap water for days questioned top executives Tuesday in bankruptcy court.

WV Seeks $1.8M From Freedom Industries After Spill

August 7, 2014 3:56 pm | by Associated Press | Comments

The state of West Virginia is seeking $1.8 million from the bankrupt company that spilled chemicals into the state's largest water supply.                                         

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WTO Upholds Rare Earth Ruling Against China

August 7, 2014 3:54 pm | by Associated Press | Comments

The World Trade Organization has upheld a ruling that China violated international trade rules with restrictions on the export of "rare earths," the minerals used in mobile phones, hybrid cars, flat-screen TVs and other high-tech products.

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Venezuela Considers Selling Citgo

August 7, 2014 9:49 am | by HANNAH DREIER, FABIOLA SANCHEZ, Associated Press | Comments

Venezuela's government has confirmed that it is considering the sale of its oil refining and distribution network in the U.S. amid a worsening economic crisis.                         

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Mexico Approves Oil Sector Opening

August 7, 2014 9:45 am | by E. EDUARDO CASTILLO, Associated Press | Comments

Mexico's Congress approved a comprehensive energy reform that will break more than seven decades of state monopoly and dramatically expand the role of foreign and private companies in the country's oil and gas industry.              

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No Leaks Found In Pavillion Gas Wells

August 7, 2014 9:28 am | by MEAD GRUVER, Associated Press | Comments

A draft state report released Wednesday on a possible explanation why well water in a central Wyoming gas field smells foul and tastes bad points away from leaky gas wells as a source of the problem.                

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Investigators Fault Chevron For Deadly February Well Fire

August 6, 2014 4:03 pm | by KEVIN BEGOS, Associated Press | Comments

Environmental investigators faulted Chevron Inc. site managers in a report released Wednesday on a natural gas well fire in western Pennsylvania that killed one worker.                     

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USDA Grain Inspectors Won't Cross Picket Lines

August 6, 2014 3:49 pm | by Associated Press | Comments

U.S. Department of Agriculture grain inspectors are refusing to walk past picket lines and into a grain terminal in Vancouver, Washington.                                

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Environmental Groups Cut Ties With The Center For Sustainable Shale Development

August 6, 2014 3:35 pm | by KEVIN BEGOS, Associated Press | Comments

Another environmental group has distanced itself from the Pittsburgh-based Center for Sustainable Shale Development, a hotly-debated partnership of major energy companies, green groups and foundations.                     

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Nebraska Ethanol Plant Reopens

August 6, 2014 3:30 pm | by Associated Press | Comments

A corn-fed ethanol plant in south-central Nebraska that has been idle since 2012 has reopened thanks to an improved market, a company executive said.                       

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Alpha Natural Resources Posts Big Q2 Loss

August 6, 2014 3:27 pm | by Associated Press | Comments

The Bristol, Virginia-based company posted a loss of $512.6 million, or $2.32 per share, compared with a loss of $185.7 million, or 84 cents per share, in the same quarter a year earlier.                    

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Oklahoma Fertilizer Plant Expansion To Start This Fall

August 6, 2014 3:24 pm | by Associated Press | Comments

The Enid News and Eagle reports the Koch Nitrogen plant expansion in Enid is expected to increase the company's ammonia production by more than 1 million tons each year.                              

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