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After Spill, Pipeline Company Says New Line Will Be Safer

January 23, 2015 3:25 pm | by MATTHEW BROWN, Associated Press | News | Comments

A Wyoming company says it will replace a pipeline that broke and spilled oil into the Yellowstone River with a new line buried more deeply to protect against future accidents. The spill contaminated the water supply for 6,000 residents of Glendive, Montana. Officials said Friday that city water was certified safe to drink after tests revealed it no longer had harmful levels of chemicals.

Death of Saudi King Unsettles Oil Market, Prices Rise

January 23, 2015 9:21 am | by JONATHAN FAHEY, AP Business Writers; YOUKYUNG LEE, AP Business Writers | News | Comments

Oil prices rose on news of the death of Saudi Arabia's powerful King Abdullah, but the increase...

Past, Future Effects of Oil Argued in BP Penalty Trial

January 22, 2015 4:58 pm | by KEVIN McGILL, Associated Press | Articles | Comments

The 2010 BP oil spill's long-term effects on Gulf of Mexico sea life and...

Cleanup Underway For Nearly 3M-Gallon Saltwater Spill in ND

January 22, 2015 9:31 am | by REGINA GARCIA CANO, Associated Press | News | Comments

Wayde Schafer, a North Dakota spokesman for the Sierra Club, called the brine "a real toxic mix...

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Federal Judge Strikes Down Local Fracking Ban

January 21, 2015 4:23 pm | by Andy Szal, Chem.info | News | Comments

A federal judge this week struck down a New Mexico county's fracking ban in one of a growing number of regulatory fights over the controversial method of extracting natural gas and oil reserves from deep rock underground.

Energy Companies Announce Thousands Of Layoffs

January 21, 2015 4:03 pm | by Andy Szal, Chem.info | News | Comments

The continued decline in the prices of crude oil is wreaking havoc in the oilfield services sector, where three industry giants have announced thousands of job cuts in recent days. Projections for 2015 suggest the number of oil rigs operating on U.S. soil could fall dramatically as prices for crude oil remain low.

Obama: US Must Aim Higher Than Keystone on Infrastructure

January 21, 2015 10:02 am | by Associated Press | News | Comments

President Barack Obama says the U.S. should aim higher than one single pipeline as it works to modernize its infrastructure. Obama wasn't referencing the Keystone XL pipeline by name in his State of the Union address. But he alluded to it by asking Congress to look beyond just one oil pipeline.

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Montana City Tries to Fix Water System Tainted by Oil Spill

January 21, 2015 9:57 am | by MATTHEW BROWN, Associated Press | News | Comments

Authorities scrambled to decontaminate a water system serving 6,000 eastern Montana residents after a cancer-causing component of oil was found downstream of a Yellowstone River pipeline spill. Up to 50,000 gallons of crude oil was released Saturday.

Mysterious Goo Blamed in Bay Area Bird Deaths; Tests Planned

January 20, 2015 3:52 pm | by Associated Press | News | Comments

A mysterious sticky substance has been found coating the feathers of about 300 seabirds in the San Francisco Bay Area in the past few days, and wildlife officials blame it for dozens of deaths. Fish and Wildlife spokesman Andrew Hughan said analysts already know it is not a petroleum-based substance.

BP Back In Court, This Time For Clean Water Act Penalties

January 20, 2015 3:42 pm | by Bridget Bergin, Associate Editor, Manufacturing.net | News | Comments

The BP Deepwater Horizon oil rig exploded in 2010, causing the deaths of eleven workers and the destruction of the surrounding environment and wildlife. The federal trial begins today in New Orleans under U.S. District Judge Carl Barbier, and it will determine exactly how much money BP owes in penalties.

Oilfield Services Giant Bolsters Presence in Russia Amid Layoffs

January 20, 2015 3:00 pm | by Andy Szal, Chem.info | News | Comments

Just days after announcing job cuts citing uncertainty in the global oil industry, Schlumberger Ltd. announced a deal to purchase a minority stake in one of Russia's leading energy companies. Analysts largely lauded the deal, which further links companies that have worked together since 2011 and signals Schlumberger's intent to grow in the region.

Drinking Water Trucked Into Montana City After Oil Spill

January 20, 2015 10:15 am | by MATTHEW BROWN, Associated Press | News | Comments

Truckloads of drinking water were being shipped to the eastern Montana city of Glendive on Monday after traces of a major oil spill along the Yellowstone River were detected in public water supplies, raising concerns about a potential health risk.

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Judge: 3 Million Barrels Discharged After 2010 BP Spill

January 16, 2015 9:29 am | by KEVIN McGILL, Associated Press | Articles | Comments

The amount of oil discharged into the Gulf of Mexico as a result of a 2010 rig explosion was more than BP estimated, but less than the government calculated, a federal judge determined Thursday in a ruling that could cost the London-based oil giant more than $13 billion.

Illinois Community College to Offer Degree in Fracking

January 15, 2015 5:37 pm | by Associated Press | News | Comments

 The school said the new degree program will focus on horizontal fracking practices and will prepare students for jobs in planning, development and the operation of oil and natural gas extraction and processing facilities.

Five Stunning Stats About Exxon

January 15, 2015 4:54 pm | by CNNMoney | Videos | Comments

How many Olympic-sized swimming pools does ExxonMobil produce enough oil to fill each day? If ExxonMobile was a country, how big would its economy be? Check out these five incredible facts about the multinational oil and gas corporation.

OPEC: Shale Producers Need to "Learn a Lesson"

January 15, 2015 10:41 am | by Meagan Parrish, Editor, Chem.info | Videos | Comments

There's been a lot of noise about OPEC's role in the current decline of oil prices — but UAE Energy Minister, Suhail al-Mazrouei says shale producers should be "rational" about their output and that the market may not be suitable for them. 

We Burn 2.7 Million Gallons a Minute, so Why's Oil so Cheap?

January 15, 2015 10:03 am | by JONATHAN FAHEY, AP Energy Writer | Articles | Comments

The world burns enough oil-derived fuels to drain an Olympic-sized swimming pool four times every minute. Global consumption has never been higher — and is rising. Yet the price of a barrel of oil has fallen by more than half over the past six months because the globe, experts say, is awash in oil.  

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The Myth Of America's Manufacturing Renaissance: Q&A With Adams Nager

January 14, 2015 5:01 pm | by Bridget Bergin, Associate Editor, Manufacturing.net | Articles | Comments

According to Nager's January 2015 report, "It is easy to get the impression that American manufacturing has entered a new and exciting period of revival. Many in the media, along with consulting firms and economists, now tout the term 'manufacturing renaissance' to describe this so-called revival...If only that were true." 

Study Finds Elevated Contaminant Levels at Fracking Sites, Conventional Wells

January 14, 2015 4:46 pm | by Andy Szal, Chem.info | News | Comments

A newly released study found water discharged from energy drilling operations in the U.S. poses risks to human health and the environment,calling for additional government regulations on the practices.

Feds Project Lower Crude Prices, Increased Production in 2015

January 13, 2015 4:49 pm | by Andy Szal, Chem.info | News | Comments

Federal officials estimate the prices of crude oil will fall slightly this year compared to late 2014 before rebounding in 2016. The U.S. Energy Information Administration's short-term energy outlook projects the average monthly price of crude on the Brent index at $58 per barrel in 2015, down from the December average of $62 per barrel.

What Do Obama And Auto Executives Think About Low Gas Prices?

January 13, 2015 4:37 pm | by Maura Falk, Associate Editor, Industrial Maintenance & Plant Operations | Articles | Comments

For some, dropping oil prices are a blessing — but the plummet has given oil-industry folks plenty to gripe about. Consumers, meanwhile, have seen the decreasing gas prices as cause for celebration, but are consumers busting out the party supplies to soon?

Huge Waves Crash Against Swaying North Sea Oil Rig

January 13, 2015 9:42 am | by Meagan Parrish, Editor, Chem.info | Videos | Comments

Surf's up on the North Sea, and as this video shows, the waves can be big enough to rough up even a large offshore drilling rig. Filmed by an offshore worker on the nearby platform, (around 145 miles east of Aberdeen, Scotland), this footage captures the stomach-churning awe of large waves crashing into a rig owned by Dolphin Drilling.

Fill 'er up! A Look at How Much Money Car Owners Are Saving

January 12, 2015 3:03 pm | by Associated Press | Articles | Comments

A plunge in the price of gasoline over the past six months has drastically changed the result of the calculation new car buyers and drivers perform every week: How much is it going to cost me to fill this thing up? The national average price of gasoline Monday was $2.13 a gallon, according to AAA, after falling for a record 109 days in a row. Six months ago it was $3.63 a gallon.

Texas City That Prepared For Oil Boom Now Waits For Bust

January 9, 2015 2:14 pm | by EMILY SCHMALL, Associated Press | News | Comments

Just two years ago, this Texas town known mostly for its annual rattlesnake roundup seemed to be on the brink of a transformation. Expecting a huge influx of oil workers, local leaders spent tens of millions of dollars to improve the courthouse, build a new law-enforcement center and upgrade the hospital. Hotels, truck stops and housing subdivisions were to follow, all catering to truck drivers and roughnecks.

Oil Bust Will Hurt Housing in Texas, Oklahoma, Louisiana

January 9, 2015 12:29 pm | by JOSH BOAK, AP Economics Writer | News | Comments

The oil boom that lifted home prices in Texas, Oklahoma and Louisiana is coming to an end. Crude oil prices have crashed since June, falling by more than 54 percent to less than $50 a barrel. That swift drop has started to cripple job growth in oil country, creating a slow wave that in the years ahead may devastate what has been a thriving real estate market.

Obama Administration Sued Over Gulf of Mexico Fracking Info

January 9, 2015 12:25 pm | by JASON DEAREN, Associated Press | News | Comments

An environmental advocacy group sued the Obama administration in federal court on Thursday for refusing to release documents detailing the extent of fracking in the Gulf of Mexico. Samantha Joye, a marine sciences professor at the University of Georgia who studies effects of oil spills on the sea environment, said there have been no scientific studies looking at fracking chemicals in the ocean.

House Poised to Pass Pipeline Bill as State Court Clears Way

January 9, 2015 12:20 pm | by DINA CAPPIELLO, Associated Press | News | Comments

As House Republicans prepared to pass legislation Friday to authorize construction of the Keystone XL oil pipeline, Nebraska's highest court removed a major obstacle to the project and a major reason behind President Barack Obama's opposition to the bill.

GasBuddy Releases Fuel Price Outlook For 2015

January 8, 2015 5:27 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | News | Comments

With all the talk of falling oil prices and its effect on the global economy, companies and consumers are keeping a close eye on  the fluctuating gas prices. This week, GasBuddy has released its GasBuddy Fuel Price Outlook 2015. The report forecasts monthly gas averages and dives into the factors affecting the prices.

Should The Texan Earthquakes Speed up Regulations Talk?

January 8, 2015 5:20 pm | by Meagan Parrish, Editor, Chem.info | Blogs | Comments

On Monday research published online by the Bulletin of the Seismological Society of America linked March 2014 earthquakes in Poland Township, Ohio to hydraulic fracking. The next day, as if the earth beneath the U.S. wanted to say, “Told you so,” the ground began to rattle Texans in their boots.

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