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California Still Embroiled In Controversy Over Utility Fine

September 8, 2014 9:55 am | by MICHAEL R. BLOOD, Associated Press | News | Comments

The biggest beneficiary of the record $1.4 billion fine levied against Pacific Gas & Electric Co. for a gas line explosion that killed eight people and destroyed dozens of homes in suburban San Francisco is the state of California, which stands to gain $950 million to spend any way it wants.                  

$3B ND Fertilizer Plant Moves Foward

September 8, 2014 9:52 am | by Associated Press | News | Comments

CHS Inc. announced Friday that it is moving forward with a plan to build a $3 billion fertilizer plant near Jamestown, using abundant natural gas from North Dakota's oil patch as a feedstock.                        

BP Spill By The Numbers

September 5, 2014 10:18 am | by Associated Press | News | Comments

Here's a look by the numbers at the nation's worst offshore oil disaster, which occurred in April 2010 when BP PLC's Macondo well blew, resulting in an explosion and deaths aboard the drilling rig Deepwater Horizon.                

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Gulf Of Mexico Residents Hail Ruling Against BP

September 5, 2014 10:08 am | by MICHAEL KUNZELMAN, JANET McCONNAUGHEY, Associated Press | News | Comments

Environmentalists, recreational fishermen and people who make their living on the Gulf of Mexico are hailing a federal judge's ruling that could mean $18 billion in additional fines for BP over the nation's worst offshore oil spill.               

Stocks Flat As Oil Drop Offsets ECB Stimulus

September 5, 2014 10:01 am | by STEVE ROTHWELL, AP Business Writer | News | Comments

A slump in oil prices weighed on the stock market Thursday, pushing the Standard & Poor's 500 index to its third straight loss.                                 

Court Rules Next Week On Fracking Case

September 4, 2014 4:17 pm | by SCOTT SONNER, Associated Press | News | Comments

A federal judge plans to decide next week whether to block the release of oil and gas leases in Nevada that critics say will be used for hydraulic fracturing and cause more environmental harm than the Bureau of Land Management admits.                    

Is Fracking The Answer For U.S. Energy?

September 4, 2014 3:27 pm | by CNN | Videos | Comments

Richard Quest and Chris Faulkner CEO of Breitling Energy discuss energy independence in the U.S. and a possible solution.                                               

PG&E To Appeal Blast Penalty

September 3, 2014 4:32 pm | by ELLEN KNICKMEYER, Associated Press | News | Comments

Pacific Gas & Electric Co. says it plans to appeal a $1.4 billion penalty recommended by California regulatory judges for a gas pipeline explosion in a San Francisco suburb that killed eight people.                      

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BLM Wants Anti-Fracking Suit Dismissed

September 3, 2014 4:21 pm | by SCOTT SONNER, Associated Press | News | Comments

Lawyers for a rural Nevada group are asking a federal judge to block the issuance of oil and gas leases it says will be used for hydraulic fracturing, or fracking, they say will harm the environment.            

Questions Arise Over State's Share Of PG&E Blast Payout

September 3, 2014 10:10 am | by ELLEN KNICKMEYER, Associated Press | News | Comments

By far the largest share of a $1.4 billion penalty recommended by California regulatory judges for a gas pipeline explosion that killed eight people will go directly to the state with no strings attached.                 

Portland Reaches Propane Terminal Deal

September 3, 2014 10:07 am | by GOSIA WOZNIACKA, Associated Press | News | Comments

The Port of Portland said it has reached an agreement with a company that wants to build a terminal to temporarily house propane imported by rail from Canada then exported by ship to Asia.                               

5 Protesters Arrested After Blocking Oil Train

September 3, 2014 10:02 am | by DOUG ESSER, Associated Press | News | Comments

Five people were arrested Tuesday after tying themselves to poles erected over the railroad tracks at a Burlington Northern Santa Fe yard in Everett that about a dozen demonstrators blocked to protest train shipments of oil and coal and proposed export terminals in the Northwest.

Judges Recommend $1.4B Penalty For PG&E

September 3, 2014 10:00 am | by ELLEN KNICKMEYER, Associated Press | News | Comments

California regulatory judges recommended a $1.4 billion penalty on Tuesday — the largest safety-related levy ever against a public utility in the state — for a fiery 2010 gas pipeline explosion that killed eight people in a suburban San Francisco neighborhood. 

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Halliburton Reaches $1.1B Oil Spill Settlement

September 2, 2014 10:11 am | by Associated Press | News | Comments

Halliburton says it has agreed to pay $1.1 billion to settle a substantial portion of plaintiff claims arising from the 2010 Gulf of Mexico oil spill.                                   

Pembina Buys Vantage Pipeline For $650M

September 2, 2014 10:10 am | by Associated Press | News | Comments

Pembina Pipeline Corp. is buying the Vantage pipeline system and Mistral Midstream Inc.'s interest in the Saskatchewan ethane extraction plant for $650 million.                                       

Water Shortages Threaten China Shale Gas Plan

September 2, 2014 10:02 am | by Associated Press | News | Comments

More than 60 percent of China's vast shale gas deposits are in regions with scarce water resources, complicating plans by the energy-hungry country to tap the natural gas, according to a U.S.-based research group.                         

Statoil Resumes Algerian Operations After Deaths

September 2, 2014 9:59 am | by Associated Press | News | Comments

Norwegian oil company Statoil says it will resume operations at a gas field in Algeria, 19 months after five Norwegian workers were killed in a terrorist attack there.                               

Marcellus Shale Drillers Under-Reported Waste

September 2, 2014 9:56 am | by ANYA LITVAK, MAXWELL RADWIN, The Post-Gazette | News | Comments

EQT Corp. told the Pennsylvania Department of Environmental Protection that it sent 21 tons of drill cuttings from its Marcellus Shale wells to area landfills in 2013. But landfills in southwestern Pennsylvania told a different story.                   

North Carolina's environmental agency sought late Monday to delay its own settlement with Duke Energy a week after a busted pipe at one of the company's coal ash dumps spewed enough toxic sludge into the Dan River to fill 73 Olympic-sized pools.

Dominion & Duke To Build A $5B Natural Gas Pipeline

September 2, 2014 9:52 am | by JONATHAN FAHEY, AP Energy Writer | News | Comments

Dominion Resources, Duke Energy and other partners have proposed building a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.                 

Nanoparticle Research Could Enhance Oil Recovery, Tracing Of Fracking Fluid

August 28, 2014 4:03 pm | by Colorado State University | News | Comments

Two Colorado State University researchers are examining how nanoparticles move underground, knowledge that could eventually help improve recovery in oil fields and discover where hydraulic fracking chemicals travel.                    

Argentina & Malaysia Reach $550M Shale Deal

August 28, 2014 3:59 pm | by Associated Press | News | Comments

Argentina has reached a deal with Malaysian national oil company Petronas to help develop what is believed to be among the largest shale oil deposits in the world.                                       

Future Of 'Big Oil' Suit At Stake

August 28, 2014 3:55 pm | by KEVIN McGILL, Associated Press | News | Comments

It will be next month before Gov. Bobby Jindal will likely get a chance to change the membership of a south Louisiana flood board that is suing dozens of oil, gas and pipeline companies.                               

Natural Gas Liquids Challenge Oil As Petrochemical Feedstock In North America

August 28, 2014 3:46 pm | by IHS | News | Comments

The increasing use of cost-advantaged natural gas liquids as a feedstock by North American petrochemical producers means that less propylene is being produced as a co-product by the region’s steam crackers. This trend is driving greater global need for on-purpose production of propylene, which is a key chemical building block second in demand only to ethylene, according to new research.

Rail Oil Deliveries Increase Through 2014

August 28, 2014 10:16 am | by U.S. Energy Information Administration | News | Comments

The amount of crude oil and refined petroleum products moved by U.S. railroads increased 9% during the first seven months of this year compared with the same period in 2013.                     

Alaska Voters Reject Petroleum Tax Repeal

August 28, 2014 9:57 am | by DAN JOLING, Associated Press | News | Comments

Alaska voters have retained a new petroleum production tax system that offers hope of increased investment and jobs but drew criticism as a giveaway to already profitable oil companies.                           

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