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China Signs 30 Year Deal For Russian Gas

May 21, 2014 10:52 am | by LOUISE WATT, VLADIMIR ISACHENKOV, Associated Press | News | Comments

China signed a landmark deal to buy Russian natural gas worth about $400 billion, giving a boost to diplomatically isolated President Vladimir Putin and expanding Moscow's ties with Asia.                       

North Carolina Fast Tracks Fracking Legislation

May 21, 2014 10:50 am | by MICHAEL BIESECKER, Associated Press | News | Comments

A bill that would make it a crime to publicly disclose the secret chemical mixtures that energy companies pump into the ground when fracking for natural gas is headed for a vote before the North Carolina Senate.            

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.

Industry Pushes Back Against Bakken Oil's Bad Reputation

May 21, 2014 10:34 am | by JAMES MacPHERSON, MATTHEW BROWN, Associated Press | News | Comments

The U.S. oil industry pushed back against tougher rules for rail cars carrying crude following a string of fiery accidents, asserting in a new report that oil from the Northern Plains is no more dangerous than some other cargoes.      

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Opponents Knock New York-New Jersey Pipeline Plans

May 21, 2014 10:17 am | by MARY ESCH, Associated Press | News | Comments

Environmental groups and a northern New Jersey homeowners' coalition raised objections to a planned billion-dollar pipeline that would carry North Dakota crude oil from a train terminal at the Port of Albany to coastal refineries and return gasoline, diesel, heating oil and other petroleum products to upstate New York.

Shale Boom Supports 450,000 Jobs

May 21, 2014 10:12 am | by Energy Equipment and Infrastructure Alliance | News | Comments

America’s shale energy revolution is creating and sustaining hundreds of thousands of jobs in diverse sectors of the economy that supply construction, equipment, supplies and services to shale energy operations, and making the U.S. manufacturing sector more competitive. 

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.

Appeals Court Refuses To Reconsider BP Settlement

May 20, 2014 10:21 am | by KEVIN McGILL, Associated Press | News | Comments

A federal appeals court has refused to reconsider its previous ruling that businesses don't have to prove they were directly harmed by BP's 2010 Gulf Of Mexico oil spill to collect settlement payments.                  

New Hampshire Raises The Gas Tax

May 20, 2014 10:14 am | by Associated Press | News | Comments

New Hampshire Gov. Maggie Hassan is planning to sign a bill that raises the tax on gasoline and diesel by 4 cents per gallon, the first increase since 1991.                            

EPA Proposes Changes To Refinery Emission Rules

May 19, 2014 10:55 am | by EMILY SCHMALL, Associated Press | News | Comments

The changes would compel operators to monitor benzene emissions along their fence lines, upgrade storage tank emission controls, ensure waste gases are properly destroyed and adopt new emission standards for delayed coking units. Operators would also have to make the results of monitoring publicly available. 

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Feds Review Plans For 5,000 New Wyoming Wells

May 19, 2014 10:48 am | by Associated Press | News | Comments

Federal land managers have begun evaluating a proposal to expand an east-central Wyoming oil and gas field with up to 5,000 new wells, asking for public comment on the project.                          

China & Russia On The Verge Of A Gas Deal

May 16, 2014 11:01 am | by LOUISE WATT, Associated Press | News | Comments

China plans to sign a multibillion-dollar deal to buy Russian gas during a visit by President Vladimir Putin next week despite U.S. pressure to avoid undermining sanctions on Moscow over the Ukraine crisis.                          

Canada Declares Pipeline Companies Liable For Any Spill Costs

May 15, 2014 10:18 am | by Associated Press | News | Comments

The Canadian government says pipeline companies will be liable for all costs and damages from a spill, regardless of fault or negligence under a new law.                          

10,000 Gallons Of Oil Coat Los Angeles

May 15, 2014 9:59 am | by Associated Press | News | Comments

Crews sopped up the remains of about 10,000 gallons of crude oil that sprayed into Los Angeles streets and onto buildings early Thursday after a high-pressure pipe burst.                            

Oil and gas company Anadarko Petroleum Corp. is selling its Chinese subsidiary for about $1.08 billion as it focuses more in the U.S. and Mexico.

Anadarko Petroleum Dividends Up 50%

May 14, 2014 9:53 am | by Associated Press | News | Comments

The oil exploration and production company said its board approved a quarterly dividend of 27 cents per share, up from 18 cents per share.                                      

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ND Posts 977K Barrels Of Oil Daily In March

May 14, 2014 9:51 am | by Associated Press | News | Comments

The Department of Mineral Resources says the record March production was up from an average of about 952,000 barrels daily in February.                                   

North Dakota Fracking Well Still Leaking

May 13, 2014 11:17 am | by JOSH WOOD, Associated Press | News | Comments

An oil well near the town of Tioga, North Dakota continued to leak oil, gas and fracking fluid on Monday, days after authorities learned about the problem, a local official said.                               

Charges Filed In Runaway Oil Train Disaster

May 13, 2014 11:08 am | by BENJAMIN SHINGLER, ROB GILLIES, Associated Press | News | Comments

Three employees of the railway company involved in the runaway oil train disaster that killed 47 people last summer are due to appear in court Tuesday to face criminal negligence charges in the small Quebec town that was partially incinerated by exploding tanker cars.

Chevron To Pay $875K For Utah Oil Spills

May 13, 2014 10:49 am | by Associated Press | News | Comments

Federal regulators have announced an $875,000 settlement with Chevron related to a pair of Utah oil spills in recent years.                                   

ND Oil Worker Death At 6X The National Average

May 13, 2014 10:42 am | by JOSH WOOD, Associated Press | News | Comments

North Dakota has the country's highest death rate for workers in the oil, gas and mining sector, at more than six times the national average, and an even higher rate among construction workers, according to a new report from the nation's largest labor union.

BLM Seeks Comment On NV Leasing Plans

May 12, 2014 10:53 am | by Associated Press | News | Comments

Federal land managers are seeking public comment on their proposal to nominate 193 parcels of public land for potential oil and gas leasing in eastern Nevada.                              

Colorado Oil Train Spills 6,500 Gallons

May 12, 2014 10:51 am | by Associated Press | News | Comments

The Union Pacific Railroad says 6,500 gallons of oil spilled when a train derailed in northern Colorado on Friday.                                    

Government Failed To Inspect High-Risk Wells

May 12, 2014 10:45 am | by Associated Press | News | Comments

The government has failed to inspect thousands of oil and gas wells it considers potentially high risks for water contamination and other environmental damage, congressional investigators say.                 

Sarah Palin Defends Her Oil Tax Structure

May 9, 2014 11:42 am | by BECKY BOHRER, Associated Press | News | Comments

Former Alaska Gov. Sarah Palin defended as fair and common sense the oil tax structure she championed while in office, a system that has been dismantled by state lawmakers and her successor, fellow Republican Sean Parnell.                   

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 Donates To Tornado Recovery Effort

May 9, 2014 11:39 am | by CHRISTINA HUYNH, Associated Press | News | Comments

ExxonMobil has donated $250,000 to aid recovery efforts in the state from last week's severe storms that included a deadly tornado.                                      

BNSF plans to upgrade tanker fleet after accidents  MATTHEW BROWN, Associated Press   BILLINGS, Montana (AP) — BNSF Railway Co. said Thursday it intends to buy a fleet of 5,000 strengthened tank cars to haul oil and ethanol in a move that would set a high

Railroad: Emergency Order Will Not Affect Oil Shipments

May 9, 2014 11:35 am | by JAMES MacPHERSON, Associated Press | News | Comments

The main railroad moving crude oil out of the rich Bakken formation in North Dakota and Montana said a new federal emergency order on rail shipments will not affect shipments.                             

Fracking Well Leaks Into Creek

May 8, 2014 10:58 am | by Associated Press | News | Comments

State and federal teams are still cleaning up after a shale well being drilled for fracking in southeast Ohio began leaking and the oily fluid ran into a nearby creek.                   

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