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Oil Prices Fall to Six-Year Low

March 17, 2015 5:16 pm | by Andy Szal, Digital Reporter | News | Comments

In the wake of a 10 percent slide last week, the price of crude oil on the West Texas Intermediate index fell to about $44 per barrel, the lowest level in six years.

Canada Safety Board Says Tank Car Standards Needed Sooner

March 17, 2015 5:04 pm | by ROB GILLIES, Associated Press | News | Comments

"While the proposed standards look promising, the TSB has concerns about the implementation timeline," the Transportation Safety Board said in a statement.

ConcoPhillips to Cut Spending, Expects Output Boost

March 17, 2015 5:00 pm | by The Associated Press | News | Comments

The Houston-based energy company said Tuesday that it plans to reduce its annual capital spending to about $11.5 billion, down from a prior plan of about $16 billion, through 2017. It expects spending on development drilling to increase while major project spending declines.

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Fight Over Keystone XL Doesn't Stall Pipeline Boom

March 17, 2015 11:36 am | by HENRY C. JACKSON, Associated Press | Articles | Comments

In a far corner of North Dakota, just a few hundred miles from the proposed path of the Keystone XL pipeline, 84,000 barrels of crude oil per day recently began flowing through a new line that connects the state's sprawling oilfields to an oil hub in Wyoming.

Anti-Graft Probe Targets PetroChina Vice Chairman

March 17, 2015 10:59 am | by JOE McDONALD, AP Business Writer | News | Comments

The vice chairman of China's biggest state-owned energy company has become the latest prominent executive targeted by Communist Party investigators in a spreading anti-corruption campaign.

When Oil Prices Are Down, Worker Deaths Are up in The Bakken

March 16, 2015 5:28 pm | by Andy Szal, Digital Reporter | News | Comments

North Dakota saw eight oilfield employee deaths since October, a five-month total than exceeded the number for the previous 12-month span. October also coincided with the beginning of a decline in the number of oil rigs operating in the state.

Oil Price Heading Down Again After ‘Head Fake’ Rally; Gas Price Likely to Follow

March 16, 2015 4:41 pm | by Jonathan Fahey, The Associated Press | News | Comments

“The rebalancing (of supply and demand) triggered by the price collapse has yet to run its course,” the agency wrote in its monthly oil market report.

Scientists Develop New Carbon Capture Technology

March 16, 2015 4:14 pm | by Andy Szal, Digital Reporter | News | Comments

According to a report in the journal Nature, Berkeley researchers modified metal composites with nitrogen compounds called diamines. The resulting molecule can bind with carbon dioxide at varying temperatures and without the presence of water.

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Algeria Oil Corruption Trial Begins After 5-Year Delay

March 16, 2015 11:04 am | by AOMAR OUALI, Associated Press | News | Comments

Charges include influence peddling, inflating contract prices, money laundering and generally skimming off millions of dollars in bribes.

Oklahoma Oil Storage Complex Nears Operational Capacity

March 16, 2015 10:50 am | by The Oklahoman, Oklahoma City | News | Comments

The massive oil storage complex at Cushing is nearing its operational capacity as oil inventories nationwide continue to rise.

Black Thunder Mine Expands LNG Pilot Program

March 16, 2015 10:33 am | by The Gillette (Wyo.) News Record | News | Comments

The Black Thunder mine has a fleet of 148 haul trucks, according to Arch Coal. It is one of the most productive mines in the world and has held the title of biggest in the world in the past.

Court: Chemical Safety Board Can Investigate Offshore Spills

March 13, 2015 4:41 pm | by CAIN BURDEAU, Associated Press | News | Comments

In a case with potentially far-reaching consequences, a federal appeals court has again found that the U.S. Chemical Safety Board has the authority to investigate offshore oil spills.

La. Governor Candidates Talk to Energy Industry Leaders

March 13, 2015 2:55 pm | by MELINDA DESLATTE, Associated Press | News | Comments

Louisiana's candidates for governor assured a group of oil and gas business leaders Friday that they understand the industry's value to the state.

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Study: Carbon Emissions Stabilize Despite Growing Economy

March 13, 2015 2:43 pm | by The Associated Press | News | Comments

Global energy emissions stayed stable last year even though the economy grew, according to data released Friday that could boost chances for a landmark climate accord later this year.

US Oil And Natural Gas Rig Count Drops by 67 to 1,125

March 13, 2015 2:22 pm | by The Associated Press | News | Comments

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 67 this week to 1,125 amid depressed oil prices.

Texas Oil Well Explosion Kills Three Family Members

March 13, 2015 9:50 am | by Andy Szal, Digital Reporter | News | Comments

Texas' 216 oilfield worker fatalities led the nation between 2008 and 2012 and increased 7.4 percent compared to the previous five years.

Oil Price Will Likely Fall Further, Global Agency Says

March 13, 2015 9:34 am | by The Associated Press | News | Comments

The International Energy Agency, a watchdog that represents the world's main oil-importing nations, says in a monthly report that the recent stabilization in oil prices is "precarious."

Pic of The Day: Tanker Truck in Flames

March 12, 2015 4:37 pm | by Meagan Parrish, Editor, Chem.Info | News | Comments

The truck burned for nearly two hours after being involved in a crash with two other cars on Wednesday morning.

Oil Shipments to Resume in Pipeline That Broke Under River

March 12, 2015 11:37 am | by MATTHEW BROWN, Associated Press | Articles | Comments

A Wyoming company is preparing to resume oil shipments through a pipeline that broke and spewed 30,000 gallons of crude into Montana's Yellowstone River, even as most of the spilled oil remains unrecovered.

Pipeline Foes Appeal to Nebraska Lawmakers in Testy Hearing

March 12, 2015 11:21 am | by GRANT SCHULTE, Associated Press | News | Comments

About 60 landowners and activists rallied at the state Capitol in Lincoln as pipeline developer TransCanada Corp. defended its use of eminent domain to gain access to property owned by holdouts.

OPEC Days Numbered?

March 12, 2015 10:04 am | Videos | Comments

The days of the Organization of the Petroleum Exporting Countries (OPEC) could be numbered, according to a new report from the World Bank. It claims the cartel of oil producers is losing its influence on global prices due to changing market conditions and technological advances.  

Canada to Propose Tougher Oil Tank Car Standards

March 12, 2015 9:32 am | by ROB GILLIES, Associated Press | News | Comments

The proposal, posted online Wednesday by Transport Canada, would require the cars to have outer "jackets," a layer of thermal protection, and thicker steel walls.

Montana Lawmaker Moves to Shield Coal Plant From Closure

March 11, 2015 5:26 pm | by The Associated Press | News | Comments

A Montana lawmaker wants to protect the huge Colstrip coal-fired power plant from potential closure by imposing sizeable impact fees on utilities that shut down plants.

Saudi King Vows Development, Stability Despite Low Oil Price

March 11, 2015 10:18 am | by ABDULLAH AL-SHIHRI and AYA BATRAWY, Associated Press | News | Comments

Salman, 79, said the kingdom would continue oil and gas exploration, despite crude prices being nearly half of what they were last summer. In an acknowledgement of the kingdom's burgeoning young population, he urged businesses to help create jobs, calling it a national duty.

Interstate Closed Outside DC After Tanker Overturns

March 10, 2015 3:23 pm | by The Associated Press | News | Comments

The tanker overturned Tuesday south of state Route 198 near Laurel, bringing traffic to a halt in both directions.

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