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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 Announces Spending Plan For Alaska

February 11, 2014 11:09 am | by Associated Press | News | Comments

The president of BP Alaska says the company plans to boost its capital spending in the state from just under $900 million last year to $1.2 billion this year.

Washington lawmakers on Monday considered competing measures that try to address potential risks as more crude oil is shipped by rail into the state.

Competing Bills Address Oil Transport Safety

February 11, 2014 11:04 am | by PHUONG LE, Associated Press | News | Comments

Washington lawmakers on Monday considered competing measures that try to address potential risks as more crude oil is shipped by rail into the state.                                             

Saltwater Spill At Oil Well Under Investigation

February 11, 2014 10:50 am | by Associated Press | News | Comments

The North Dakota Health Department says more than 10,000 gallons of saltwater leaked from an oil well site in the western part of the state.                               

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Democrats Back Suits Against Oil & Gas Industry

February 10, 2014 11:24 am | by Associated Press | News | Comments

The Louisiana Democratic Party is supporting lawsuits demanding that 97 oil and gas companies pay for damages to the state's marshes that led to coastal wetlands loss and contributed to higher storm surges during hurricanes.

Boardwalk Pipeline Shares Fall

February 10, 2014 11:18 am | by Associated Press | News | Comments

Shares of Boardwalk Pipeline plunged more than 36 percent Monday following disappointing fourth-quarter results and after it slashed its quarterly distribution.

California Running Out Of Gas

February 7, 2014 11:31 am | by MICHAEL R. BLOOD, Associated Press | News | Comments

Californians were urged to voluntarily cut their electricity use after frigid weather across the U.S. and Canada caused a shortage of natural gas at Southern California power plants.                

Weighing The Effects Of North Pole Refinery Closure

February 7, 2014 11:28 am | by Associated Press | News | Comments

Public officials in Fairbanks are assessing effects from closure of the North Pole Refinery by June 1. North Pole Mayor Bryce Ward tells the Fairbanks Daily News-Miner that Flint Hills Resources accounts for roughly one-third of the city property tax base.

Colorado regulators said Thursday they will consider whether new rules are needed after 13 oil spills were blamed on last September's flood, but some county officials said the leaks were comparatively small and that the existing rules worked.

CO Calls For New Oil Rules Post-Flood

February 7, 2014 11:14 am | by DAN ELLIOTT, Associated Press | News | Comments

Colorado regulators said Thursday they will consider whether new rules are needed after 13 oil spills were blamed on last September's flood, but some county officials said the leaks were comparatively small and that the existing rules worked.

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Washington Considers Ending Refinery Tax Breaks

February 7, 2014 11:04 am | by MIKE BAKER, Associated Press | News | Comments

Washington lawmakers considered a plan Thursday that would eliminate a decades-old tax break now used by oil refineries to save millions of dollars each year.                                 

UT Approves Chevron Spill Deal

February 6, 2014 11:06 am | by Associated Press | News | Comments

Utah has given final approval to a $5.35 million settlement with Chevron after a pipeline leaked about 20,000 gallons of diesel fuel in northern Utah last year.                       

ND Losing $1M Monthly In Natural Gas Taxes

February 6, 2014 10:51 am | by JAMES MacPHERSON, Associated Press | News | Comments

North Dakota is losing nearly $1 million monthly in natural gas tax revenue as vast amounts of the byproduct of oil production goes up in smoke, state tax department records show.                         

Uganda Signs Roadmap To Commercial Oil Production

February 6, 2014 10:44 am | by RODNEY MUHUMUZA, Associated Press | News | Comments

Uganda's government has signed an agreement with three foreign oil companies, a government official said Thursday, clearing the way for commercial production of crude reserves.                                  

Keystone Waiting List Continues To Grow

February 5, 2014 10:55 am | by JAMES MacPHERSON, Associated Press | News | Comments

TransCanada Corp. says it has a growing list of U.S. oil shippers signing up to use a proposed connector to the proposed Keystone XL pipeline that would run from Canada to the Gulf of Mexico.

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Federal transportation officials say investigators found crude oil being transported from North Dakota's Bakken region was misclassified in 11 out of 18 truck shipments tested.

Oil From ND Fields Improperly Classified

February 5, 2014 10:42 am | by JOAN LOWY, Associated Press | News | Comments

Federal transportation officials say investigators found crude oil being transported from North Dakota's Bakken region was misclassified in 11 out of 18 truck shipments tested.

Russia's Emergency Situations Ministry says several dozen railcars carrying gas have derailed and caught fire northeast of Moscow, prompting the evacuation of hundreds of local resident.

Gas-Laden Train Derails, Catches Fire

February 5, 2014 10:36 am | by Associated Press | News | Comments

Russia's Emergency Situations Ministry says several dozen railcars carrying gas have derailed and caught fire northeast of Moscow, prompting the evacuation of hundreds of local residents.

Flint Hills Resources announced Tuesday that it will close its North Pole refinery, shuttering a major employer in the Fairbanks area and eliminating a local source of gasoline, jet fuel, heating fuel and other petroleum products.

Fairbanks Refinery Shutting Down

February 5, 2014 10:32 am | by DAN JOLING, Associated Press | News | Comments

Flint Hills Resources announced Tuesday that it will close its North Pole refinery, shuttering a major employer in the Fairbanks area and eliminating a local source of gasoline, jet fuel, heating fuel and other petroleum products.                                        

Opponents Still Challenge Keystone Despite State Dept. Report

February 3, 2014 10:50 am | by GRANT SCHULTE, Associated Press | News | Comments

With yet another obstacle removed for the Keystone XL pipeline, opponents are pressing forward with a lawsuit to challenge the project, public protests and an effort to inject the issue into the November elections.                   

Five years after the pipeline's backers first asked the Obama administration for approval, the project remains in limbo. It's stuck in a complex permitting process that has enabled Obama to put off what will inevitably be a politically explosive decision.

Obama Running Out Of Reasons To Reject Keystone

February 3, 2014 10:46 am | by JOSH LEDERMAN, NEDRA PICKLER, Associated Press | News | Comments

Five years after the pipeline's backers first asked the Obama administration for approval, the project remains in limbo. It's stuck in a complex permitting process that has enabled Obama to put off what will inevitably be a politically explosive decision.

The flow of natural gas, water and sand has been stopped at a drilling rig off Louisiana's coast, the operator and federal regulators said Saturday.

Gas Leak Stopped On Gulf Rig

February 3, 2014 10:31 am | by Associated Press | News | Comments

The flow of natural gas, water and sand has been stopped at a drilling rig off Louisiana's coast, the operator and federal regulators said Saturday.

PA Majority Supports Gas Drilling

January 31, 2014 10:54 am | by Associated Press | News | Comments

A significant majority of people in Pennsylvania support the boom in Marcellus shale natural gas drilling, according to a new poll released Thursday, but many also have concerns about its environmental impacts.

Alaska LNG Project To Cost Billions

January 31, 2014 10:51 am | by Associated Press | News | Comments

Alaska's contribution toward building a liquefied natural gas project could range from $4.6 billion to $11.4 billion, depending on the state's equity stake and whether it has a partner.

Gas Flows Uncontrolled From Gulf Rig

January 31, 2014 10:29 am | by BILL FULLER, Associated Press | News | Comments

Crews worked early Friday to stop natural gas flowing from a drilling rig off the Louisiana coast, and the Coast Guard said workers had cut the flow in half since officials lost control of the rig a day earlier.

ND Oil And Gas Leases Fetch $17.5M

January 30, 2014 10:59 am | by Associated Press | News | Comments

The Bureau of Land Management says its most recent sale of oil and gas leases in North Dakota totaled more than $17.5 million.                                              

Oil companies' rush to find reserves off Alaska's Arctic shores suffered a setback on Thursday after Shell said it would suspend its operations in the region — and possibly withdraw for good.

Shell Withdraws From Arctic Reserves

January 30, 2014 10:56 am | by TOBY STERLING, AP Business Writer | News | Comments

Oil companies' rush to find reserves off Alaska's Arctic shores suffered a setback on Thursday after Shell said it would suspend its operations in the region — and possibly withdraw for good.                                 

A group representing hundreds of companies working in North Dakota's oil patch told state regulators on Wednesday that the industry plans to significantly decrease the amount of natural gas being burned off and wasted as a byproduct of oil production.

ND Announces Natural Gas Capturing Goal

January 30, 2014 10:40 am | by JAMES MacPHERSON, Associated Press | News | Comments

A group representing hundreds of companies working in North Dakota's oil patch told state regulators that the industry plans to significantly decrease the amount of natural gas being burned off and wasted as a byproduct of oil production.

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