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2 Injured In Fire At Chevron Phillips Chemical

July 8, 2014 11:31 am | by Associated Press | News | Comments

Chevron Phillips Chemical says two people are injured after a fire at its Port Arthur facility. A statement from the company says the situation at the southeast Texas chemical plant is "under control" and that all personnel have been accounted for.

Grieving Family Sues Chevron After Well Explosion

July 7, 2014 10:45 am | by JOE MANDAK, Associated Press | News | Comments

The parents of a contractor killed when a southwestern Pennsylvania natural gas well exploded in February have sued the Chevron subsidiary that owns the well.                          

Misconceptions Helped Kill Australia's Carbon Tax

July 7, 2014 10:26 am | by ROD McGUIRK, Associated Press | News | Comments

Australia's experience illustrates how easy it is to scuttle complicated environmental laws, and serves as a warning to President Barack Obama, whose recent proposal to force a 30 percent cut in power plants' carbon emissions is drawing anger from both sides of politics.

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Michigan Natural Gas Pipeline Plans Move Forward

July 7, 2014 10:19 am | by Associated Press | News | Comments

Plans are in the works for a new natural gas transmission pipeline that could pass through Michigan on its way to Ontario, Canada, raising concerns among some residents who have seen their property dug up for an ongoing oil pipeline project.  

Steel Imports Undermining American Business During Shale Boom

July 7, 2014 10:16 am | by John D. Oravecz, The Pittsburgh Tribune-Review | News | Comments

The steel industry was expected to benefit greatly from the domestic boom in oil and gas drilling. But the anticipated windfall from supplying drilling companies with tubular steel for oil and gas pipelines is being undermined by a flood of cheap imports. American steelmakers have blamed foreign dumping for causing a severe oversupply and depressing prices.

Tapping Shale Oil & Gas Through Sustainable Water Management

July 3, 2014 1:00 am | by Dow Water & Process Solutions | Articles | Comments

Check out this infographic on tapping into an abundant energy source through sustainable water management.                                                        

New Oil Field Discovered In Tierra Del Fuego, Chile

July 2, 2014 12:29 pm | by GeoPark Limited | News | Comments

GeoPark Limited (NYSE: GPRK), the Latin American oil and gas explorer, operator and consolidator with operations and producing properties in Chile, Colombia, Brazil and Argentina, announces the discovery of a new oil field in Chile.           

Gas Prices Heading Into The Holiday Weekend

July 2, 2014 11:16 am | by U.S. Energy Information Administration | News | Comments

On Monday, June 30, the national average retail gasoline price was $3.70 per gallon. Although this is the highest average heading into the Fourth of July holiday since 2008, gasoline prices in 2014 have remained well below the spring peaks reached in each of the previous three years.

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Stone Energy Sells Gulf Tracts For $200M

July 2, 2014 9:23 am | by Associated Press | News | Comments

Stone Energy Corp. of Lafayette is selling some oil and gas properties on the Gulf of Mexico shelf to Talos Energy Offshore LLC of Houston for $200 million cash.                      

Petroleum Refinery Capacity Up, Ownership Shifts

July 1, 2014 4:16 pm | by U.S. Energy Information Administration | News | Comments

As of January 1, 2014, there were 139 operating refineries and three idle refineries with total atmospheric crude oil distillation capacity (ACDU) of 17.9 million barrels per calendar day (bbl/cd), a 101,000-bbl/cd increase in capacity from January 1, 2013.

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.

Ex-BP Exec Can Be Tried On Obstruction Charge

July 1, 2014 10:59 am | by KEVIN McGILL, Associated Press | News | Comments

A former BP executive can be tried on a charge that he obstructed a congressional investigation into the 2010 Gulf oil spill, a federal appeals court in New Orleans said in a ruling Monday.                          

Texas & North Dakota Lead In Crude Production

July 1, 2014 10:46 am | by U.S. Energy Information Administration | News | Comments

U.S. crude production in April 2014 was 8.4 million barrels per day (bbl/d), with two states, Texas and North Dakota, accounting for nearly half of this total.                          

Oil Gains As China Manufacturing Improves

July 1, 2014 10:33 am | by Associated Press | News | Comments

The price of oil rose Tuesday on expectations for stronger demand following an improvement in manufacturing activity in China, the world's biggest oil importer.                              

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Supreme Court To Hear Natural Gas Price-Fixing Claims

July 1, 2014 10:31 am | by Associated Press | News | Comments

The U.S. Supreme Court will consider whether a group of energy companies can be sued under state antitrust laws for illegally manipulating natural gas prices more than a decade ago during California's energy crisis.                         

Fracking Study Finds New Wells Leak More

July 1, 2014 10:28 am | by SETH BORENSTEIN, AP Science Writer | News | Comments

In Pennsylvania's gas drilling boom, newer and unconventional wells leak far more often than older and traditional ones, according to a study of state inspection reports for 41,000 wells.                             

Leaking Oil Pipeline Burns, Evacuates Thousands

July 1, 2014 10:23 am | by Associated Press | News | Comments

A leaking oil pipeline caught fire in the northeastern Chinese port city of Dalian, forcing the evacuation of nearly 20,000 residents, according to a government oil company.                              

Devon Energy Sells Assets For $2.3B

June 30, 2014 11:37 am | by Associated Press | News | Comments

Oil and gas exploration company Devon Energy Corp. is selling some U.S. oil and gas properties to Linn Energy LLC for $2.3 billion.                                

Court Rules For Fracking Bans In New York

June 30, 2014 11:15 am | by MICHAEL HILL, Associated Press | News | Comments

New York's top court handed a victory to opponents of hydraulic fracturing for natural gas Monday by affirming the right of municipalities to ban the practice within their borders.                          

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 Seeks Restitution For Overpayments

June 30, 2014 11:02 am | by KEVIN McGILL, Associated Press | News | Comments

BP wants a federal judge to order restitution — plus interest — of what it says are hundreds of millions of dollars in overpayments to some businesses that claimed losses due to the 2010 Gulf oil spill.                      

Lawsuit Challenges Oklahoma Drilling Tax Cut

June 27, 2014 10:41 am | by SEAN MURPHY, Associated Press | News | Comments

A bill approved by the Legislature to adjust Oklahoma's tax on oil and gas production is unconstitutional because it passed in the final days of the session and didn't receive a three-fourths vote in the House and Senate, according to a lawsuit filed with the state Supreme Court.

Pipeline Blast Kills 15

June 27, 2014 10:22 am | by OMER FAROOQ, Associated Press | News | Comments

A state-owned gas pipeline exploded and burst into flames Friday, killing at least 15 people, destroying homes and forcing the evacuation of neighboring villages in the southern Indian state of Andhra Pradesh, authorities said.

North Dakota Regulators Approve Portion Of Midwestern Pipeline

June 26, 2014 4:52 pm | by Associated Press | News | Comments

North Dakota regulators have approved the construction of a portion of a $2.6 billion pipeline that would move North Dakota oil to Minnesota and Wisconsin.                         

Natural Gas Sinks After Weekly Storage Report

June 26, 2014 4:44 pm | by Associated Press | News | Comments

Natural gas prices were falling to four-week lows after the U.S. government reported a sharp buildup in the country's natural gas storage levels.                             

Oil Boom Fuels Age Drop In Great Plains States

June 26, 2014 10:22 am | by JESSE J. HOLLAND, Associated Press | News | Comments

The United States is still growing older, but the trend is reversing in the Great Plains, thanks to a liberal application of oil.                                     

North Dakota Discloses Oil Train Details

June 26, 2014 10:17 am | by Associated Press | News | Comments

Dozens of mile-long trains loaded with crude are leaving western North Dakota each week, with most shipments going through the state's most populous county.                             

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