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More ND Mineral Owners Join Gas Lawsuits

November 4, 2013 12:48 pm | by Associated Press | News | Comments

Lawyers say dozens of western North Dakota mineral owners have expressed interest in joining lawsuits seeking damages from oil drilling companies for natural gas that is lost when it is burned instead of being captured as a byproduct of oil production.

Oil Slips Closer To $94 After 4 Month Low

November 4, 2013 12:28 pm | by PABLO GORONDI, Associated Press | News | Comments

The price of oil slipped closer to $94 a barrel today after falling more than 7 percent in the past month on ample supplies and muted demand. By early afternoon in Europe, benchmark U.S. crude for December delivery was down 31 cents to $94.30 in electronic trading on the New York Mercantile Exchange.

Court To Hear Arguments On BP Oil Spill Settlement

November 4, 2013 12:10 pm | by MICHAEL KUNZELMAN, Associated Press | News | Comments

A federal appeals court is set to hear dueling arguments on whether a judge should have approved BP's multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico. A year ago, BP PLC urged U.S. District Judge Carl Barbier to approve its agreement with a team of lawyers for Gulf Coast businesses and residents who claim the spill cost them money.

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Weak Refining Results, Higher Costs Halt Profits For Chevron

November 1, 2013 11:46 am | by Jonathan Fahey, AP | News | Comments

Chevron said that net income fell six percent in the third quarter as weak refining results and higher operating costs offset higher oil and gas production and prices. Chevron Corporation posted net income of $4.95 billion for the quarter on revenues of $56.6 billion. The nation's second-biggest oil company earned $2.57 per share.

North Dakota Promises Website For Oil Spill Notifications

November 1, 2013 11:39 am | by James MacPherson, AP | News | Comments

After officials took nearly two weeks to tell the public about a Tesoro Corporation pipeline rupture that sent more than 20,000 barrels of crude spewing across a wheat field, the North Dakota Health Department told lawmakers that the agency would soon unveil a website where the public can see data on all oil spills and other hazardous leaks.

Anti-Fracking Groups Oppose New York's Gas Plan

October 31, 2013 12:11 pm | by MARY ESCH, Associated Press | News | Comments

A coalition dedicated to continuing New York's five-year-old ban on hydraulic fracturing demanded that the state withdraw its proposed regulations for new liquefied natural gas facilities, saying they fail to consider all the risks. The new regulations would end a 40-year moratorium that was enacted after an explosion killed 40 workers at a Staten Island storage plant.

Judge Proposes $6.7 Million Fine For PG&E Pipeline

October 31, 2013 11:59 am | News | Comments

A judge is proposing that Pacific Gas and Electric Company pay $6.7 million in fines for improperly declaring two natural-gas pipelines safe and using misleading records in an attempt to minimize the lapse. Both pipelines are in the same system as one that exploded in 2010, killing eight people and destroying dozens of homes in San Bruno.

WVU, OSU Researchers Get $2 Million For Shale Work

October 31, 2013 11:56 am | News | Comments

The grant will focus on the chemical and isotopic biomarkers that micro-organisms leave behind during their growth. Researchers say their work is the first of its kind and that it's important to understand the micro-organisms living in the shale because it has implications for current and past life on our planet.

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Shell Prepares For Arctic Offshore Exploration

October 31, 2013 11:47 am | by Dan Joling, AP | News | Comments

A spokesman for Shell Alaska says the company will submit an Arctic offshore exploration plan sometime over the next few weeks, but hasn't decided whether it will move forward with drilling next year. Shell drilled in both the Chukchi and the Beaufort Seas in 2012, but suffered serious setbacks.

OSHA Seeking $700,000 In Fines For Sinclair Oil

October 30, 2013 11:41 am | by MEAD GRUVER, Associated Press | News | Comments

Recent safety and environmental problems at the Sinclair refinery have been numerous. Last year, three fires injured seven workers in racking up more than $200,000 in fines. In 2011, the state reached a $5.4 million settlement with Sinclair for spills into a pond on the refinery site. In 2009 the refinery was the scene of one of the biggest spills in Wyoming history.

Rockwell Makes Oilfield Acquisition

October 30, 2013 10:58 am | News | Comments

VMonitor provides digital oilfield implementation and remote operations equipment. It has the world’s largest installed base of wireless wellhead monitoring systems for natural and artificially lifted wells, with more than 6,000 sites around the world.

Gas Plant Proposed Near New Shale Site

October 29, 2013 10:53 am | News | Comments

The facility will be able to process 120 million cubic feet of gas a day from local oil wells. Many of those wells were just recently drilled into the Niobrara Shale underlying eastern Wyoming. The plant would remove natural gas liquids from the gas byproduct of local oil production.

New York Creating State Gas Reserve

October 28, 2013 12:46 pm | News | Comments

Governor Andrew Cuomo says New York is creating the nation's first state gasoline reserve to prevent shortages during emergencies. A pilot program on Long Island will hold three million gallons of fuel for motorists and first responders. The project is a response to the gas shortages that created hours-long lines in the days after Superstorm Sandy.

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Bakken Oil Drives Increased Rail Traffic, Potential For Spills

October 28, 2013 12:34 pm | by Phuong Le, AP | News | Comments

Hundreds of trains carrying crude oil could soon be chugging across the Northwest, bringing potential jobs and revenues but raising concerns about oil spills, increased train and vessel traffic. With five refineries, Washington has long received crude oil from Alaska and elsewhere by ship, barges or pipelines, but ports and refiners are increasingly turning to trains to take advantage of a boom in oil from North Dakota's Bakken region.

Oil Hovers Above $97/Barrel

October 25, 2013 11:41 am | by PABLO GORONDI, Associated Press | News | Comments

The price of oil hovered above $97 a barrel Friday, consolidating mild gains after two weeks of losses sparked by high supplies and patchy global economic growth.                                                                            

Fossil Fuel Investors Ask For Climate Change Study

October 24, 2013 10:35 am | by KEVIN BEGOS, Associated Press | News | Comments

Some of the largest pension funds in the U.S. and the world are worried that major fossil fuel companies may not be as profitable in the future because of efforts to limit climate change, and they want details on how the firms will manage a long-term shift to cleaner energy sources.

WV Judge Sets Hearing in EQT Lawsuit

October 24, 2013 9:48 am | by Associated Press | News | Comments

EQT Corp. will soon ask a judge to order six West Virginia property owners to plug and abandon a water well they dug to subvert the company's plans for five natural gas wells. Under state law, gas companies can't drill within 250 feet of an existing water well or spring used for human consumption.

Marcellus Shale Gas Production Growing Faster Than Expected

October 23, 2013 10:53 am | by Kevin Begos, AP | News | Comments

If the Marcellus Shale region were a country, its natural gas production would rank eighth in the world. It now produces more natural gas than Saudi Arabia, which has led to wholesale prices in the U.S. that are about one-quarter of those in Japan.

Oil Prices Continue To Fall

October 23, 2013 10:36 am | News | Comments

Oil is trading at its lowest since late June as ample supplies and a slowdown in U.S. hiring suggest subdued demand. Iran's pursuit of international dialogue to resolve the impasse over its nuclear ambitions has also reduced the political risk premium that is factored into the price of crude.

Two-Way Solenoid Valves

October 23, 2013 9:58 am | Omega Engineering | Product Releases | Comments

Omega’s new SV6100 series of 2-way solenoid valves feature NSF approved materials and are suitable for compressed air, inert gas, synthetic oil and water applications.

Elevance Building World-Scale Biorefinery In Mississippi

October 22, 2013 11:05 am | News | Comments

Elevance Renewable Sciences has announced that it is continuing with its second world-scale biorefinery in Natchez, Mississippi. The decision is based on the successful start-up and operation of Elevance’s first world-scale joint venture biorefinery in Asia, as well as robust customer activity and demand forecasts for the company’s specialty and intermediate petrochemicals.

Elevance Building World-Scale Biorefinery In Mississippi

October 22, 2013 11:05 am | News | Comments

Elevance Renewable Sciences has announced that it is continuing with its second world-scale biorefinery in Natchez, Mississippi. The decision is based on the successful start-up and operation of Elevance’s first world-scale joint venture biorefinery in Asia, as well as robust customer activity and demand forecasts for the company’s specialty and intermediate petrochemicals.

U.S. Carbon Dioxide Pollution Down 3.8 Percent

October 22, 2013 10:23 am | by Seth Borenstein, AP | News | Comments

The United States cut its energy-related carbon dioxide pollution by 3.8 percent last year, the second biggest drop since 1990. The only recent year with a bigger percentage drop was in 2009, when America was in a large recession. American cars and factories released their lowest levels of CO2 since 1994.

Oil Slips Below $100/Barrel

October 22, 2013 10:05 am | by PABLO GORONDI, Associated Press | News | Comments

A jump in U.S. crude supplies weighed on the oil price, as a government report showed that supplies rose by four million barrels. Analysts estimated that U.S. commercial crude oil stocks are at the third highest level for October since 1930, and 13 percent above the normal range over the previous decade. 

Saving The Environment Without Killing Jobs

October 21, 2013 12:36 pm | by Kevin Begos, AP | News | Comments

A conference in Pittsburgh focuses on putting a stop to coal mining, fracking for oil and gas and nuclear power, but organizers also want workers to join the battle against climate change. Union leaders say that workers need new jobs to make a transition to clean energy, noting that shutting down industries such as coal can turn entire communities into a ghost town.

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