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SW Energy Snaps Up Assets In Marcellus, Utica

October 16, 2014 10:12 am | by Associated Press | News | Comments

Southwestern Energy will spend about $5.38 billion to acquire drilling assets in West Virginia and southwest Pennsylvania now owned by Chesapeake Energy.                            

ND Produced Record 35m Barrels Of Oil In August

October 16, 2014 10:06 am | by JOSH WOOD, Associated Press | News | Comments

North Dakota produced a record 35 million barrels of oil in August, according to figures released Wednesday by the state's Industrial Commission.                                   

A Unique Approach To Monitoring Fracking Groundwater

October 15, 2014 3:57 pm | by University of Cincinnati | News | Comments

A University of Cincinnati research project is taking a groundbreaking approach to monitoring groundwater resources near fracking sites in Ohio.                                       

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A Global Natural Gas Boom Won't Slow Climate Change

October 15, 2014 2:50 pm | by Pacific Northwest National Laboratory | News | Comments

A new analysis of global energy use, economics and the climate shows that without new climate policies, expanding the current bounty of inexpensive natural gas alone would not slow the growth of global greenhouse gas emissions worldwide over the long term.

Treasury Clears Way For Oil Spill Recovery Grants

October 15, 2014 10:27 am | by Associated Press | News | Comments

The U.S. Treasury Department says it has cleared the way for Gulf Coast state and local governments to begin applying for recovery grants through a federal RESTORE Act trust fund fed with civil penalties arising from the 2010 BP oil spill.                    

Gas Contractor Sued For Race Discrimination

October 15, 2014 10:24 am | by MATT STROUD, Associated Press | News | Comments

Five African-American former employees of a West Virginia gas pipeline contractor are suing the company for racial discrimination.                                         

Idaho Gives Oil Company Second Chance To Exclude BLM

October 14, 2014 5:18 pm | by KEITH RIDLER, Associated Press | News | Comments

A Texas company is getting another chance to persuade Idaho officials to exclude federal lands and potential royalties from what is believed to be a profitable natural gas field in the southwest part of the state.                                                   

Ergon To Spend $150M On Refinery Expansion

October 14, 2014 5:17 pm | by Associated Press | News | Comments

The Flowood-based private company said that it would enhance parts of the refinery and expand its tank farm. It said the changes, in addition to allowing it to make more products, would allow Ergon to feed the refinery with more kinds of crude oil.

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Study Links Hundreds Of Ohio Quakes To Fracking

October 14, 2014 5:13 pm | by JULIE CARR SMYTH, Associated Press | News | Comments

A new study suggests fracking triggered hundreds of small, unnoticeable earthquakes in eastern Ohio late last year, months before the state first linked seismic activity to the much-debated oil-and-gas extraction technique.                               

IL Fracking Rule Vote Postponed Until November

October 14, 2014 5:11 pm | by JASON KEYSER, Associated Press | News | Comments

An Illinois legislative panel has put off voting on rules for high-volume oil and gas extraction until next month, as it grapples with how to ensure regulations are fair to industry while protecting the environment.                         

Lifting Oil Exports Ban Would Boost U.S. Manufacturing

October 14, 2014 5:06 pm | by MAPI Foundation | News | Comments

The manufacturing sector, already a leading component of the U.S. economy, would benefit significantly if the crude oil ban were lifted, according to a new study.                                             

Why The Drop In Oil Prices Has A Downside

October 14, 2014 10:20 am | by JONATHAN FAHEY, AP Energy Writer | News | Comments

If you're a driver, a shipper or an airline, low oil prices sure feel nice. But there are downsides to the recent plunge in oil prices — for the oil industry and for the economy.                                  

Company Plans $4B Plastic Factory In North Dakota

October 14, 2014 10:16 am | by JAMES MacPHERSON, Associated Press | News | Comments

A $4 billion factory is planned in North Dakota that will convert natural gas liquids into plastic, company and state officials said.                                   

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Targa Buys Atlas Pipeline, Atlas Energy

October 13, 2014 11:21 am | by Associated Press | News | Comments

Targa Resources is buying Atlas Pipeline Partners and Atlas Energy in a deal valued at close to $6 billion, creating a huge energy transportation and storage company.                                

The economic reports this week were mixed with several reports coming in weaker than expected.

Converting Plastic Into Oil Could Add $9B To The U.S. Economy

October 10, 2014 4:08 pm | by American Chemistry Council | News | Comments

Wide-scale deployment of emerging technology that converts used, non-recycled plastics into oil could generate up to $9 billion in annual U.S. economic output and create upwards of 40,000 domestic jobs, according to a report released by the American Chemistry Council.

Oil Dealers Sue Over Gas Expansion Plan

October 10, 2014 3:59 pm | by Associated Press | News | Comments

Connecticut oil dealers are suing over Gov. Dannel P. Malloy's drive to expand the use of natural gas, demanding environmental reviews.                                       

Why Pennsylvania Should Not Enact A Severance Tax On Natural Gas

October 10, 2014 9:51 am | by Tracy Miller, Associate Professor of Economics, Grove City College | Blogs | Comments

As the governor’s race heats up in Pennsylvania, one of the central issues is whether to enact a severance tax on natural gas. Democratic candidate Tom Wolf has emphasized that Pennsylvania is the only state without a severance tax and critics of the status quo argue that the state is giving away resources by not imposing the tax... 

Venezuela Ordered To Pay $1.6B To Exxon

October 10, 2014 9:21 am | by LUIS ALONSO LUGO, Associated Press | News | Comments

An international arbitration panel ordered Venezuela's socialist government on Thursday to pay $1.6 billion to Exxon Mobil for the seizure of a major oil project in the South American country and other losses.                          

Satellites See Hot Spot Of Methane In The Southwest

October 9, 2014 5:21 pm | by Seth Borenstein, AP Science Writer | News | Comments

A satellite that measured the potent global-warming gas methane in the atmosphere has found a surprising hot spot over the southwestern U.S.                               

Ad Campaign To Bolster Fracking

October 9, 2014 10:23 am | by Big Market Research | News | Comments

Shale drillers must overcome image issues and endeavors to raise charges in the event that they need to grab a chance to make Pennsylvania a long term energy center, analyst and administrators stated.                             

Deal Struck To Replace Midla Pipeline

October 9, 2014 10:21 am | by Associated Press | News | Comments

American Midstream Partners will build a new natural gas pipeline that will preserve service to thousands of customers from Winnsboro, Louisiana, to Natchez, Mississippi.                                  

Lego Scraps Shell After Arctic Protest

October 9, 2014 10:19 am | by JAN M. OLSEN, Associated Press | News | Comments

Danish toy maker Lego said Thursday it won't renew a deal allowing Shell to hand out Lego sets at its gas stations in some 30 countries, following a viral campaign protesting Arctic drilling.                                   

Missing Oil Tanker Released By Pirates

October 9, 2014 10:13 am | by MINH V. TRAN, Associated Press | News | Comments

A Vietnamese oil tanker missing for a week was released by pirates who stormed the ship and siphoned off some of its cargo, a crew member said Thursday.                           

Perry Seeks Unlimited Gas & Oil Exports

October 9, 2014 10:09 am | by JEFF AMY, Associated Press | News | Comments

Texas Gov. Rick Perry is calling for unlimited natural gas and oil exports, saying it would help the American economy and aid American allies threatened by Russia's control of European natural gas supplies.                        

Train Carrying Petroleum Distillate Derails, Catches Fire

October 7, 2014 5:19 pm | by Associated Press | News | Comments

A Canadian National Railway Company freight train carrying dangerous goods has derailed in central Saskatchewan in Canada and has caught fire.                                  

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