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Iraqi Government and Kurds Reach Deal to Share Oil Revenues

December 3, 2014 2:59 pm | by New York Times | News | Comments

In a far-reaching deal that helps reunite Iraq in the face of a bitter war with Islamic extremists, the central government agreed on Tuesday to a long-term pact with the autonomous Kurdish region to share the country’s oil wealth and military resources. The agreement, which could unite Iraq in the face of a Sunni insurgency, covers the sharing of oil revenues with the autonomous Kurdish region.

Report Calls For More Study of Pavillion Disposal Pits

December 3, 2014 12:31 pm | by By BENJAMIN STORROW, Star-Tribune staff writer; Casper, Wyo. | News | Comments

Regulators need to study 20 natural gas disposal pits to determine if a link exists between Pavillion's gas field and the area's contaminated drinking water, according to a draft report by the Wyoming Oil and Gas Conservation Commission.

Garrett Commission Votes to Endorse Findings on Shale Gas Drilling

December 3, 2014 10:56 am | by By Elaine Blaisdell, Cumberland Times-News; Cumberland, Md. | News | Comments

The Garrett County Commissioners voted unanimously Tuesday to endorse the findings of the Garrett County Shale Gas Advisory Commission to further explore the impacts of drilling. The commissioners also voted to forward the report to the incoming commissioners for a decision on how to best implement policies and procedures for Marcellus shale moving forward.

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Market Currents: How The Energy Boom Helps Americans

December 3, 2014 10:46 am | by The Pittsburgh Tribune-Review | Articles | Comments

Americans should welcome global crude-oil prices plunging below $65 a barrel and hope the combination of demand blunted by economic slowdowns in Europe and China and abundant supply driven by soaring U.S. production and OPEC not cutting output will continue.

AmeriGas Leak Grew Fast

December 3, 2014 10:37 am | by By Emma Breysse, Jackson Hole News & Guide; Jackson, WY | News | Comments

The propane gas cloud preceding a fire two weeks ago was so large that investigators can’t determine what exactly ignited it. Jackson Hole Fire/EMS released its investigation report of the blaze Tuesday, stating that while investigators could determine the source of the leak, they could not determine the cause of the explosion.

Nearly One-Third of Natural Gas Pipeline Capacity Into the Northeast Could be Bidirectional by 2017

December 2, 2014 1:28 pm | by Tu Tran, Today in Energy | Articles | Comments

Spurred by growing natural gas production in Pennsylvania, West Virginia and Ohio, the natural gas pipeline industry is planning to modify its systems to allow bidirectional flow to move up to 8.3 billion cubic feet per day (Bcf/d) out of the Northeast.

Could Wyoming's Oil Boom Be Over Before It Started?

December 2, 2014 11:46 am | by By BENJAMIN STORROW, Casper Star-Tribune | News | Comments

Plunging oil prices are prompting companies to shelve expansion plans in the Cowboy State, raising doubts over the future of Wyoming’s fledgling oil boom. Industry executives and observers said they expect drilling in Wyoming to slow after a 40 percent drop in price, months of tepid global demand and news that the Organization of Petroleum Exporting Countries cartel will not curtail production.

Turkey, Russia Look to Shake up Gas Market

December 2, 2014 11:06 am | by SUZAN FRASER, Associated Press, PABLO GORONDI, Associated Press | Articles | Comments

Spiraling tensions between Europe and Russia were behind Moscow's decision to scrap the South Stream pipeline, which would have traveled through many Balkan states. Countries in the region on Tuesday were counting the political and financial cost of the shift.  

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Egyptian Militant Group Says It Killed U.S. Oil Worker

December 1, 2014 11:46 am | by Maamoun Youssef, AP | News | Comments

A passport said he was a 58-year-old from Texas and his identification cards said he worked for Texas-based energy company Apache Corp. and Qarun Petroleum Co. Apache said in August that one of its supervisors had been killed in an apparent carjacking in Egypt's Western Desert.

Ukraine Gets Loan To Modernize Pipelines

December 1, 2014 11:40 am | by Peter Leonard, AP | News | Comments

These upgrades could lower the cost of transporting fuel by 20 percent. The loan is being provided to state-owned pipeline operator Ukrtransgaz by the EU's lender, the European Investment Bank. This could help the reliability of the pipeline and lessen the influence of Moscow-backed plans.

What Is OPEC Thinking?

November 26, 2014 10:40 am | by Jonathan Fahey, AP Energy Writer | News | Comments

There is political upheaval across the Middle East, Iran is suffering under Western sanctions, and surprising growth in oil production outside of OPEC is sapping badly-needed revenue. Crude has fallen 32 percent in five months, reducing OPEC revenues by nearly $1 billion a day.

EIA: Gas Prices Lowest Since '09 Thanksgiving

November 26, 2014 9:36 am | News | Comments

The national average is 47 cents lower than a year ago, and the lowest price heading into a Thanksgiving holiday since 2009. AAA estimates that during this Thanksgiving holiday weekend 41.3 million people in the United States will travel more than 50 miles from home by car.

Proposed Rail Terminal Would Be The Largest For Oil In The U.S.

November 25, 2014 11:34 am | News | Comments

A proposed oil terminal in Vancouver, Washington would handle more crude than any single rail facility in the U.S. Vancouver Energy, a joint venture, would handle an average of 360,000 barrels of oil per day, or up to four trains daily.

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Profire Energy Acquires VIM Injection Management

November 24, 2014 11:25 am | News | Comments

Profire Energy, a technology company that creates, installs and services burner management systems and other combustion technologies for the oil and gas industry, has acquired the assets of VIM Injection Management, an oilfield chemical-injection technology company.

Clariant Reduces Carbon Footprint In Supply Chain By 65 Percent

November 24, 2014 10:14 am | News | Comments

Through supply chain analysis and planning involving their Oil Services business and its regional procurement team, the company partnered with the manufacturer of a subsurface chemical and switch from bulk tanker truck deliveries to intermodal transport.

Judge Denies Bid To Halt Illinois Fracking Rules

November 24, 2014 9:49 am | by Jim Suhr, Associated Press | News | Comments

A judge in southwestern Illinois has denied a bid by a landowners group to suspend the state's new rules for high-volume oil and gas drilling, ruling that the plaintiffs failed to show they would suffer immediate harm if the fracking was to go forward.

Explosion On Gulf Platform Kills 1, Injures 3

November 21, 2014 11:31 am | by The Associated Press | News | Comments

An explosion occurred on an offshore oil and gas platform in the Gulf of Mexico on Thursday, killing one person and injuring three.                    

Report: Bird Needs Buffer From Drilling

November 21, 2014 11:19 am | by Matthew Brown, Associated Press | News | Comments

A government study with significant implications for the U.S. energy industry says the breeding grounds of a struggling bird species need a 3-mile or larger buffer from oil and gas drilling, wind farms and solar projects.     

PG&E Fined $10.8M Over Calif. Natural Gas Blast

November 21, 2014 11:12 am | by The Associated Press | News | Comments

Pacific Gas and Electric Co. has been fined $10.85 million for a March natural gas explosion that destroyed a cottage in Carmel.                     

Tribal Head To Speed North Dakota Pipeline Talks

November 21, 2014 10:57 am | by James MacPherson, Associated Press | News | Comments

The new leader of North Dakota's oil-rich Three Affiliated Tribes is pledging to speed negotiations on a proposed pipeline through tribal land that would curb the wasteful burning of natural gas in the state by more than 10 percent.   

U.S. Consumer Prices Unchanged In October

November 20, 2014 11:28 am | by Martin Crutsinger, AP Economics Writer | News | Comments

U.S. consumer prices were unchanged in October as a fourth straight decline in gasoline costs helped to keep inflation at bay.                     

EIA Reports Refinery Outages For Fall 2014

November 20, 2014 11:25 am | by U.S. Energy Information Administration | News | Comments

EIA has issued its semiannual report on refinery outages and their potential implications for the availability of gasoline and distillate supply.                  

GOP Vows To Pass Keystone Later If Bill Fails Now

November 18, 2014 3:25 pm | by Dina Cappiello, Associated Press | News | Comments

Republican leaders vowed Tuesday to take up and pass a bill approving the Keystone XL pipeline in Congress again next year if the Senate fails to advance the measure, or President Barack Obama vetoes it.        

Coal Residue Vaults Found In Upper Peninsula

November 18, 2014 11:11 am | by Ryan Jarvi, The Mining Journal (Marquette) | News | Comments

Two concrete vaults used to store tar residue and other impurities from a manufactured gas plant more than 100 years ago were recently found buried underground just north of the Shiras Steam Plant in south Marquette.      

Fracking To Be Permitted In GW National Forest

November 18, 2014 11:07 am | by Brock Vergakis, Associated Press | News | Comments

Over the objection of environmental groups and Virginia's governor, a federal management plan released Tuesday will allow a form of natural gas drilling known as fracking to occur in parts of the largest national forest on the East Coast.  

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