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Why Refinery Strike Has Had Little Bite at Gas Pump

February 18, 2015 10:56 am | by JONATHAN FAHEY, AP Energy Writer | Articles | Comments

Gasoline prices can spike for all kinds of reasons that make skeptical drivers roll their eyes: "tension" in the Middle East, a refinery suddenly shuts down for maintenance, or the annual springtime switch to summer blends of gasoline.

Warren Buffett's Firm Sells Exxon Mobil, Adds Deere Stake

February 18, 2015 9:36 am | by JOSH FUNK, AP Business Writer | News | Comments

Billionaire Warren Buffett's company unloaded its 41 million shares of Exxon Mobil Corp. and sold a smaller stake in ConocoPhillips as oil prices fell last fall.

Report: High Chemical Levels Found in Fracking Runoff

February 18, 2015 9:28 am | by Andy Szal, Chem.Info | News | Comments

Water discharged from fracking sites in California contained levels of benzene and chromium-6 well in excess of federal standards, according to a recent report by an Arizona environmental group.

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W.Va.'s Fiery Derailment Should Reignite Rail vs. Pipeline Debate

February 17, 2015 6:03 pm | by Meagan Parrish, Editor, Chem.Info | Blogs | Comments

This most recent crude-by-rail disaster wasn’t quite the major catastrophe many have feared. But it got close. Real close. Which is why this latest crash should send a powerful warning to those looking to stop pipeline construction in the U.S.

West Virginia Train Derails: Fires, Oil Tanker in River

February 17, 2015 9:06 am | by JOHN RABY, JONATHAN MATTISE, Associated Press | Videos | Comments

Fires burned for hours after a train carrying more than 100 tankers of crude oil derailed in a snowstorm in West Virginia, sending a fireball into the sky and threatening the water supply of nearby residents, authorities and residents said Tuesday.

Judge: Oil, Gas Firms Not Liable For La. Coastal Erosion

February 16, 2015 11:12 am | by The Associated Press | News | Comments

A federal judge has dismissed a New Orleans-area levee authority's lawsuit charging oil and gas companies with destroying Louisiana's coastal wetlands.

Proposal Tries to Help Wean Washington Off Coal-Fired Power

February 16, 2015 11:06 am | by PHUONG LE, Associated Press | News | Comments

Lawmakers hoping to wean Washington state off coal power are trying to ease the way for the state's utilities to end the electricity it gets from coal.

Halliburton Says It Will Eliminate at Least 5,000 Jobs

February 13, 2015 12:53 pm | by Associated Press | News | Comments

The Houston company said it will lay off 6.5 to 8 percent of its staff, which represents 5,005 to 6,160 employees based on its total from the end of 2014.

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Congress to Postpone Sending Keystone-Pipeline Bill to Obama

February 13, 2015 10:03 am | by Associated Press | News | Comments

Congressional leaders are delaying sending a bill authorizing the Keystone XL oil pipeline to the White House for a likely veto until after the recess break.

Oka. Lawsuit Targets Connection Between Fracking And Earthquakes

February 12, 2015 9:35 am | by Bridget Bergin, Associate Editor, Manufacturing.Net | News | Comments

To win, the plaintiff will need to successfully argue that fracking wastewater disposal methods cause earthquakes, and that the energy companies engaging in the disposal are liable for damages caused by the earthquakes.

Peru Anti-Oil Exploration Protest Leaves 1 Dead, 22 Wounded

February 11, 2015 4:56 pm | by FRANKLIN BRICENO, Associated Press | News | Comments

Angry protesters pelted a police headquarters with rocks on Wednesday after security forces fired on locals protesting oil and natural gas exploration in the Peruvian Amazon. At least one person was killed by gunfire and 22 wounded, hospital officials said.

Oil's Slump a Blow to Mexico Amid Touted Energy Reforms

February 11, 2015 10:36 am | by PETER ORSI, Associated Press | News | Comments

The lowest oil prices in nearly six years couldn't have come at a worse time for Mexico, which last year opened up oil-sector investment to private companies for the first time in decades.

Congress Set to Pass Bill Approving Keystone XL Pipeline

February 11, 2015 10:11 am | by DINA CAPPIELLO, Associated Press | News | Comments

The House is expected to pass the bill easily Wednesday afternoon, capping weeks of debate over one of Republicans' top priorities — a bill authorizing the construction of the much-delayed pipeline. Yet support in both the Senate and House has not been enough to override a veto.

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Contamination Still High Near ND Spill, Dropping Downstream

February 11, 2015 10:00 am | by MATTHEW BROWN, Associated Press | News | Comments

High contamination levels persist along a North Dakota creek more than a month after a massive wastewater spill was found in the state's oil patch, but levels have dropped considerably in larger rivers downstream, according to documents released by the state Tuesday.

China Finds Huge Natural Gas Field In South China Sea

February 10, 2015 12:34 pm | by Associated Press | News | Comments

China said its recent gas discovery in the politically volatile South China Sea could yield 100 billion cubic meters of natural gas, underlining Beijing's determination to extract resources from waters claimed by several nations. The Lingshui 17-2 gas field was discovered 150 kilometers south of China's southernmost island of Hainan...

BP Head Predicts 'Years' Of Low Oil Prices

February 10, 2015 10:37 am | by Sam Neylon, Chem.Info | Articles | Comments

Last week BP Chief Executive Bob Dudley weighed in on one of the most important — and heated — discussions facing manufacturers today: the direction of oil prices. Dudley announced dour confidence that crude prices would stay below $100 for a “long time.”

California Pledges Changes in Protecting Underground Water

February 10, 2015 10:18 am | by ELLEN KNICKMEYER, Associated Press | News | Comments

The deadline is part of a broad plan the state sent the U.S. Environmental Protection Agency last week for bringing state regulation of oil and gas operations back into compliance with federal safe-drinking water requirements. State authorities made the plan public Monday.

Algeria Shale Gas Protesters Vow Escalation

February 10, 2015 10:13 am | by KARIM KEBIR, Associated Press | News | Comments

Protesters against Algeria's plans to exploit its massive shale gas reserves said Monday they will carry their demonstrations to the actual desert drilling sites after the state oil company said exploration would continue. Since the beginning of the year, there have been demonstrations across Algeria...

Haitian Protesters March to Demand Lower Gasoline Prices

February 9, 2015 10:05 am | by Associated Press | News | Comments

At least 6,000 protesters marched through Haiti's capital Saturday to demand lower gas prices and the ouster of President Michel Martelly. The protest in Port-au-Prince remained peaceful overall although police briefly threw tear gas and dispersed a crowd that had thrown trash and tires in the street to block traffic.

New Sanctions Proposed for Islamic State Group Oil Trading

February 9, 2015 9:57 am | by EDITH M. LEDERER, Associated Press | News | Comments

The Russian-sponsored resolution, obtained Friday by The Associated Press, would also require all 193 U.N. member states to take "appropriate steps" to prevent the trade in antiquities and other items of historical, cultural, rare scientific and religious importance illegally removed from Syria.

Steelworkers to Expand Strike to Two BP Refineries in Midwest

February 9, 2015 9:30 am | by DAVID KOENIG, AP Business Writer | News | Comments

The first nationwide strike at U.S. oil refineries since 1980 is spreading to two BP plants in the Midwest. The United Steelworkers union has notified BP Plc. that workers at refineries in Ohio and Indiana will strike late Saturday night, joining a walkout that began this week at nine other refineries.

US Gas Prices Jump 13 Cents a Gallon; Could go Higher

February 9, 2015 9:24 am | by Associated Press | News | Comments

The average price of a regular gallon of gas jumped 13 cents in the past two weeks to $2.20, ending a sustained drop. Industry analyst Trilby Lundberg said Sunday that a rebound in the price of crude oil caused the run-up at the pump. However, the price is $1.10 below...

Shell Set to Use Crane Ship Named After Nazi

February 6, 2015 5:21 pm | by Sam Neylon, Chem.Info | News | Comments

The ship is named after convicted Nazi war criminal Pieter Schelte Heerema — which has prompted a chorus of outrage among the Jewish community and others. Shell said that it supports a change in the name, but that the ship’s owner — Swiss-based group Allseas Group SA — has refused.

Fracking Puts California Governor, Environmentalists at Odds

February 6, 2015 10:59 am | by JULIET WILLIAMS, Associated Press | Articles | Comments

In the 1970s, the environmental movement had no bigger political hero than California Gov. Jerry Brown. He cracked down on polluters, ended tax breaks for oil companies and promoted solar energy. Forty years later, in his second go-around as governor, conservationists are among his harshest critics.

Texas Startup Plans $2B La. Natural Gas Liquification Plant

February 6, 2015 10:47 am | by Associated Press | News | Comments

The news came six days after the collapse in world oil prices prompted Sasol, of South Africa, to announce a delay in final investment plans for a $14 billion plant in the same area to convert natural gas to diesel and other liquid fuels.

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