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Oil Dips, Natural Gas Soars

February 14, 2014 10:28 am | by Associated Press | News | Comments

The price of oil barely budged Thursday. But natural gas futures soared and U.S. drivers again saw higher numbers at the gas pump.                           

Natural Gas Jumps 8% Following Pax

February 14, 2014 1:00 am | by Associated Press | News | Comments

Natural gas prices moved sharply higher Thursday after a winter storm hit much of the Eastern United States. Natural gas futures rose 40 cents, or 8.3 percent, to $5.22 per 1,000 cubic feet.

A federal appeals court has cleared the way for thousands of workers to be compensated for medical treatment for exposure to crude oil or chemical dispersants during the 2010 BP oilspill in the Gulf of Mexico.

Court Clears The Way For BP Spill Medical Claims

February 14, 2014 1:00 am | by KEVIN McGILL, Associated Press | News | Comments

A federal appeals court has cleared the way for thousands of workers to be compensated for medical treatment for exposure to crude oil or chemical dispersants during the 2010 BP oil spill in the Gulf of Mexico.                

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Lawmakers Call For Stronger Oil Spill Response

February 13, 2014 11:46 am | by STEVE KARNOWSKI, Associated Press | News | Comments

Recent crude oil train catastrophes in North Dakota and Canada show that Minnesota needs to beef up its ability to protect its communities from similar disasters, a pair of lawmakers said Wednesday.                    

An underground gas line in rural southern Kentucky exploded early Thursday, sending two people to the hospital and destroying two homes, a county official said.

Gas Line Explosion Injures 2, Destroys Homes

February 13, 2014 11:23 am | by Associated Press | News | Comments

An underground gas line in rural southern Kentucky exploded early Thursday, sending two people to the hospital and destroying two homes, a county official said.

ND Oil Spill Cleanup To Last 2 Years

February 12, 2014 10:37 am | by Associated Press | News | Comments

A state health official told North Dakota lawmakers that cleanup of massive oil spill in northwestern North Dakota will take at least two more years.                                         

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.                                             

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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.                               

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.

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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.

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.

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.

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