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Navy SEALs Seize Rebel-Held Oil Tanker

March 17, 2014 10:50 am | by Associated Press | News | Comments

A team of Navy SEALs has taken control of a stateless oil tanker seized earlier in the month by Libyan rebels, the Pentagon said Monday.                                   

Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth

ExxonMobil Renews CO Oil Shale Search

March 17, 2014 10:42 am | by DENNIS WEBB, Grand Junction Daily Sentinel | News | Comments

ExxonMobil has edged another step closer to undertaking oil shale research-and-development projects with the Bureau of Land Management's approval of development plans.                              

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 Regains Government Contracts

March 14, 2014 10:49 am | by DINA CAPPIELLO, Associated Press | News | Comments

Under an agreement reached Thursday with the U.S. Environmental Protection Agency, more than two dozen BP entities and its Houston-based oil production and exploration arm can secure new government contracts.                      

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ND Posts 933K Barrels Of Oil Daily

March 14, 2014 10:40 am | by Associated Press | News | Comments

State data show North Dakota's oil production in January saw a small increase compared to the previous month.                                        

 Gen. James Jones

Former National Security Adviser: Build Keystone Pipeline

March 14, 2014 10:26 am | by MATTHEW DALY, Associated Press | News | Comments

President Barack Obama's former national security adviser said Thursday that Obama should approve the Keystone XL oil pipeline to send Russian President Vladimir Putin a message that "international bullies" can't use energy security as a weapon. 

Natural Gas: A Geo-Political Tool Or Modern Weapon?

March 14, 2014 1:00 am | by Tom Kadala | Blogs | Comments

With the U.S. on the verge of entering the conflict between Russia and the Ukraine, Obama and Congress are eyeing natural gas exports as a way to rein in Vladimir Putin from reclaiming border territories. We are now faced with the choice to let natural gas serve as a geo-political tool to enable a global energy transformation or a modern weapon to settle disputes.

Fracking Secrets Case Bounces Through WY Courts

March 13, 2014 10:30 am | by MEAD GRUVER, Associated Press | News | Comments

The high court sent the case back to a lower court on a technicality, but noted that Wyoming didn't offer enough evidence that the state oil and gas supervisor was correct to withhold the ingredient lists in response to requests for them.   

How To Report A Gas Leak

March 13, 2014 9:57 am | by Associated Press | News | Comments

The explosion that leveled two apartment buildings in New York on Wednesday, apparently because of a gas leak, prompted authorities to renew their appeals to the public to report possible gas leaks immediately.                       

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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 Reduces U.S. Investment 20%

March 13, 2014 9:50 am | by Associated Press | News | Comments

Shell's Chief Executive Officer Ben van Beurden says the company will cut capital spending in the U.S. by 20 percent in 2014 after setbacks in its shale gas operations and in Alaska.                        

Gas Plant Fire Injures 4

March 12, 2014 9:38 am | by Associated Press | News | Comments

Four contract workers have suffered burns in a flash fire at an Enterprise Products Partners LP natural gas processing plant in South Texas.                              

U.S. Gas Boom: A Tool Against Russian Coercion

March 12, 2014 9:30 am | by STEVEN R. HURST, Associated Press | News | Comments

The United States, with its abundant supplies of natural gas, would seem to have an easy answer to Europe's fears that a strong response to Russia's rapid takeover the Crimea could prompt Vladimir Putin to shut down gas lines in Ukraine.

Energy XXI Buys EPL Oil & Gas For $1.53B

March 12, 2014 9:27 am | by Associated Press | News | Comments

Energy XXI is buying EPL Oil & Gas Inc. for about $1.53 billion in a deal that the companies say will create the biggest publicly owned independent oil producer on the Gulf of Mexico shelf.

Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth

ExxonMobil Plans Record Number Of 2014 Projects

March 11, 2014 4:49 pm | by ExxonMobil | News | Comments

Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth.                

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Value Of Natural Gas Net Imports On The Decline

March 11, 2014 4:41 pm | by U.S. Energy Information Agency | News | Comments

The value of U.S. natural gas net trade flows has experienced large percentage declines in recent years, because both the price and net volume of natural gas imports have been declining.                                

A bill to regulate the disposal of waste produced by gas-well drilling will likely be introduced by West Virginia Gov. Earl Ray Tomblin in a special session.

WV Drilling Waste Bill On Hold

March 11, 2014 10:34 am | by SARAH PLUMMER, Associated Press | News | Comments

A bill to regulate the disposal of waste produced by gas-well drilling will likely be introduced by West Virginia Gov. Earl Ray Tomblin in a special session after both sides could not agree before midnight Saturday, the deadline for the regular session.

Natural Gas Industry Struggles To Keep Its Promises

March 11, 2014 10:08 am | by JONATHAN FAHEY, AP Energy Writer | News | Comments

America's plan to use more natural gas to run power plants, make chemicals, drive vehicles and heat homes may not go as smoothly as expected. While there's plenty of natural gas in the ground, the harsh winter revealed unpredicted obstacles to producing it.

Severe corrosion caused a 2012 natural gas pipeline rupture and explosion in West Virginia that destroyed three houses and cooked a stretch of Interstate 77, and the incident likely could have been prevented if the pipeline had been inspected or tested, t

Corrosion Blamed For WV Pipeline Blast

March 11, 2014 10:04 am | by PAM RAMSEY, Associated Press | News | Comments

Severe corrosion caused a 2012 natural gas pipeline rupture and explosion in West Virginia and the incident likely could have been prevented if the pipeline had been inspected or tested, the National Transportation Safety Board said in a report released Monday.

Drilling Efficiency Drives Up Shale Production

March 11, 2014 9:47 am | by U.S. Energy Information Administration | News | Comments

The productivity of oil and natural gas wells is steadily increasing in many basins across the United States because of the increasing precision and efficiency of horizontal drilling and hydraulic fracturing in oil and natural gas extraction.

Flaws Found In OSHA Severe Violator Enforcement Program

March 10, 2014 11:08 am | by LISE OLSEN, Houston Chronicle | News | Comments

The federal Occupational Safety and Health Administration keeps a list of "the worst of the worst" employers in the nation — the Severe Violator Enforcement Program — and drilling companies with multiple fatalities should be on it, safety experts say.

New Gas Plant For KS

March 10, 2014 10:20 am | by Associated Press | News | Comments

A Texas company plans to build a new multimillion-dollar natural gas processing plant in south-central Kansas.                                      

Illegal Oil Dumping In ND

March 7, 2014 10:57 am | by JAMES MacPHERSON, Associated Press | News | Comments

People have been caught nearly 150 times in the past year attempting to illegally dump loads of oil field waste — much of it radioactive — at two of the biggest landfills in western North Dakota.                   

Chevron Pizza Scandal Blown Out Of Proportion

March 7, 2014 10:52 am | by KEVIN BEGOS, Associated Press | News | Comments

Critics were raging after an energy giant offered pizza coupons to a community near a natural gas well that exploded last month, killing a worker, but the 750 or so residents of Bobtown were not.

Oil Rises Amid Hopes Of Hiring Gains

March 7, 2014 10:34 am | by PABLO GORONDI, Associated Press | News | Comments

The price of oil crept up to near $102 a barrel Friday as expectations rose for a solid increase in U.S. employment.                                        

Alaskan Mayors Seek Say In LNG Project

March 7, 2014 10:24 am | by BECKY BOHRER, Associated Press | News | Comments

Borough mayors in Alaska want to ensure they have a say on terms that will affect local communities and be negotiated by the state in pursuit of a mega-liquefied natural gas project.                                            

e crude oil that exploded during a fatal derailment in Quebec last year that killed 47 people had characteristics similar to that of unleaded gasoline, a highly flammable liquid, Canada's transportation safety agency said Thursday.

Canadian Crude As Explosive As Gas

March 7, 2014 10:19 am | by CHARMAINE NORONHA, Associated Press | News | Comments

The crude oil that exploded during a fatal derailment in Quebec last year that killed 47 people had characteristics similar to that of unleaded gasoline, a highly flammable liquid, Canada's transportation safety agency said Thursday.                 

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