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US Stocks Rise on Rebound in Oil, Strong Company Results

March 20, 2015 12:08 pm | News | Comments

After dropping more than 3 percent Thursday, oil was up $1.39, or 3 percent, to $46.86 a barrel. Energy stocks rose far more than the rest of the market, with the S&P 500 Energy sector up 1.3 percent.

Dow Chemical's Secret Sauce

March 19, 2015 3:36 pm | by Fox Business | Videos | Comments

Dow Chemical CEO Andrew Liveris discusses why lower crude prices are a benefit for his company, and where he looks to profit outside the U.S.

Understanding The Shale Revolution: Q&A With Dow's Rick Strittmatter

March 19, 2015 2:59 pm | by Bridget Bergin, Associate Editor, Manufacturing.Net | News | Comments

"There aren’t just challenges with fracking — there are solutions being generated regularly," Strittmatter told Manufacturing.Net in a recent interview.

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US Refineries Gearing up to Process More Domestic Shale Oil

March 19, 2015 2:50 pm | by Andy Szal, Digital Reporter | News | Comments

Refineries responding to the survey expected to increase their capacity for "very light and sweet" crude oil by more than 730,000 barrels per day from 2014 to 2016

Oil Prices Curb Fracking Efforts Abroad

March 19, 2015 2:35 pm | by Andy Szal, Digital Reporter | News | Comments

Chevron, Exxon Mobil and Royal Dutch Shell each suspended shale exploration in Europe, Russia and China, while those companies have cut fracking spending in nations such as Hungary, Romania, Turkey and Ukraine.

Obama to Order Gov't to Cut Its Greenhouse Gas Emissions

March 19, 2015 10:09 am | by The Associated Press | News | Comments

Obama will sign an executive order targeting greenhouse gases at the White House.

Kansas Ethanol Producers Say Proposed Tax Would Close Plants

March 19, 2015 10:05 am | by The Associated Press | News | Comments

The House Taxation Committee held a hearing on a bill Wednesday that would impose a 4.33 percent tax on ethanol products and electricity from renewable sources.

Feds Eye Oil, Gas Drilling Off East Coast, Alaska, Gulf

March 19, 2015 10:02 am | by WAYNE PARRY, Associated Press | News | Comments

Business and petroleum groups say they want to be able to explore whether significant oil and gas reserves exist that could stabilize energy prices and help the economy overall.

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Saudi Arabia Hopes to Lure Shale Workers From The US

March 18, 2015 3:34 pm | by Andy Szal, Digital Reporter | News | Comments

Saudi Arabia hopes U.S. shale workers — many of them casualties of the ongoing downturn in crude prices — will consider the deserts of the Middle East as their new home.

Oilpatch Firms Selling Stock to Shore up Finances, But Who's Buying?

March 18, 2015 10:54 am | by Lauren Krugel, The Canadian Press | News | Comments

Energy firms have been looking to raise billions in financing by selling big chunks of their own stock — betting that investors smell a buying opportunity.

Greenbrier Shares Find Energy Outside of Energy Sector

March 18, 2015 10:39 am | by The Associated Press | News | Comments

The railroad freight-car maker Greenbrier announced a sharp hike in orders during the second quarter, but industry watchers honed in on what railroads want to buy, rather than how much.

Panel Nears Decision on Coal-Fired Power Plant Closure Plan

March 18, 2015 10:29 am | by SUSAN MONTOYA BRYAN, Associated Press | News | Comments

New Mexico regulators are close to making a decision on what experts have called a watershed case that could influence energy policy in the state for years to come.

Oil Prices Fall to Six-Year Low

March 17, 2015 5:16 pm | by Andy Szal, Digital Reporter | News | Comments

In the wake of a 10 percent slide last week, the price of crude oil on the West Texas Intermediate index fell to about $44 per barrel, the lowest level in six years.

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Canada Safety Board Says Tank Car Standards Needed Sooner

March 17, 2015 5:04 pm | by ROB GILLIES, Associated Press | News | Comments

"While the proposed standards look promising, the TSB has concerns about the implementation timeline," the Transportation Safety Board said in a statement.

ConcoPhillips to Cut Spending, Expects Output Boost

March 17, 2015 5:00 pm | by The Associated Press | News | Comments

The Houston-based energy company said Tuesday that it plans to reduce its annual capital spending to about $11.5 billion, down from a prior plan of about $16 billion, through 2017. It expects spending on development drilling to increase while major project spending declines.

Fight Over Keystone XL Doesn't Stall Pipeline Boom

March 17, 2015 11:36 am | by HENRY C. JACKSON, Associated Press | Articles | Comments

In a far corner of North Dakota, just a few hundred miles from the proposed path of the Keystone XL pipeline, 84,000 barrels of crude oil per day recently began flowing through a new line that connects the state's sprawling oilfields to an oil hub in Wyoming.

Anti-Graft Probe Targets PetroChina Vice Chairman

March 17, 2015 10:59 am | by JOE McDONALD, AP Business Writer | News | Comments

The vice chairman of China's biggest state-owned energy company has become the latest prominent executive targeted by Communist Party investigators in a spreading anti-corruption campaign.

When Oil Prices Are Down, Worker Deaths Are up in The Bakken

March 16, 2015 5:28 pm | by Andy Szal, Digital Reporter | News | Comments

North Dakota saw eight oilfield employee deaths since October, a five-month total than exceeded the number for the previous 12-month span. October also coincided with the beginning of a decline in the number of oil rigs operating in the state.

Oil Price Heading Down Again After ‘Head Fake’ Rally; Gas Price Likely to Follow

March 16, 2015 4:41 pm | by Jonathan Fahey, The Associated Press | News | Comments

“The rebalancing (of supply and demand) triggered by the price collapse has yet to run its course,” the agency wrote in its monthly oil market report.

Scientists Develop New Carbon Capture Technology

March 16, 2015 4:14 pm | by Andy Szal, Digital Reporter | News | Comments

According to a report in the journal Nature, Berkeley researchers modified metal composites with nitrogen compounds called diamines. The resulting molecule can bind with carbon dioxide at varying temperatures and without the presence of water.

Algeria Oil Corruption Trial Begins After 5-Year Delay

March 16, 2015 11:04 am | by AOMAR OUALI, Associated Press | News | Comments

Charges include influence peddling, inflating contract prices, money laundering and generally skimming off millions of dollars in bribes.

Oklahoma Oil Storage Complex Nears Operational Capacity

March 16, 2015 10:50 am | by The Oklahoman, Oklahoma City | News | Comments

The massive oil storage complex at Cushing is nearing its operational capacity as oil inventories nationwide continue to rise.

Black Thunder Mine Expands LNG Pilot Program

March 16, 2015 10:33 am | by The Gillette (Wyo.) News Record | News | Comments

The Black Thunder mine has a fleet of 148 haul trucks, according to Arch Coal. It is one of the most productive mines in the world and has held the title of biggest in the world in the past.

Court: Chemical Safety Board Can Investigate Offshore Spills

March 13, 2015 4:41 pm | by CAIN BURDEAU, Associated Press | News | Comments

In a case with potentially far-reaching consequences, a federal appeals court has again found that the U.S. Chemical Safety Board has the authority to investigate offshore oil spills.

La. Governor Candidates Talk to Energy Industry Leaders

March 13, 2015 2:55 pm | by MELINDA DESLATTE, Associated Press | News | Comments

Louisiana's candidates for governor assured a group of oil and gas business leaders Friday that they understand the industry's value to the state.

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