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Brine Pipeline Leak Cleanup Could Take Weeks

July 9, 2014 2:50 pm | by JOSH WOOD, JAMES MacPHERSON, Associated Press | News | Comments

Company and tribal officials say a pipeline on North Dakota's Fort Berthold Indian reservation has leaked 1 million gallons of saltwater, with some of the fluid finding its way to a bay that leads to a lake that provides drinking water for the reservation.

Oil Boom Boosts State Wage Averages

July 9, 2014 2:33 pm | by JAMES MacPHERSON, Associated Press | News | Comments

Well-paying jobs in western North Dakota's oil-producing counties helped propel the state's average annual pay by 4 percent last year to almost $48,000, state data show, though the state still hovers slightly below the national average.  

Entrepreneur Boone Pickens On America's Oil Boom

July 9, 2014 1:35 pm | by CBS News | Videos | Comments

The U.S. now leads the world in oil and natural gas production, putting out 11 million barrels per day. With that new-found success, oil man and entrepreneur Boone Pickens is calling for a new national energy strategy.                 

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Surging Permian Basin Formations

July 9, 2014 11:14 am | by U.S. Energy Information Administration | News | Comments

The Permian Basin in Texas and New Mexico is the nation's most prolific oil producing area. Six formations within the basin have provided the bulk of Permian's 60% increase in oil output since 2007.              

Lightning Causes Explosion, Fire & Oil Spill

July 9, 2014 11:09 am | by JOSH WOOD, Associated Press | News | Comments

A lightning strike sparked a fire and explosion that destroyed the third North Dakota saltwater disposal facility in recent weeks, sending thick black smoke billowing into the sky and leaving the smell of oil in the air.                            

Oil Down To $103 On Bump In Libyan Supplies

July 9, 2014 11:03 am | by PABLO GORONDI, Associated Press | News | Comments

Oil prices inched down toward $103 a barrel Wednesday as supply concerns dissipated and investors awaited the release of figures on U.S. stockpiles of crude and refined fuels that will be a key indicator of demand.                      

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.

Court To Reexamine BP Disaster Deaths

July 9, 2014 10:43 am | by KEVIN McGILL, Associated Press | News | Comments

Prosecutors tried Tuesday to persuade a federal appeals court to reinstate some of the manslaughter charges against two BP employees in a case arising from the deaths of 11 workers in the 2010 Deepwater Horizon rig explosion in the Gulf of Mexico.

Maine Takes Another Swing At Banning The Shipment Of Tar Sands

July 9, 2014 10:41 am | by Associated Press | News | Comments

The city council is expecting another large turnout when it takes up a proposed ordinance that would prohibit loading tar sands crude oil onto ships.                               

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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.

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.

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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.

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.                              

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.                                

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