Home / Energy / Oil (page 20)


TransCanada seeks $15B for rejection of Keystone pipeline

LINCOLN, Neb. (AP) — The company that proposed the Keystone XL pipeline is seeking $15 billion in damages from the federal government after the Obama administration rejected the Canada-to-Texas project, a company spokesman said Monday. TransCanada Inc. filed a request for arbitration Friday under the North American Free Trade Agreement, arguing that the State Department’s actions led the company to ...

Read More »

Guyana: Exxon appraisal well finds large oil, gas deposits

GEORGETOWN, Guyana (AP) — Officials in the South American country of Guyana say Exxon Mobil has found large deposits of oil and gas in a recently drilled appraisal well. Energy Minister Raphael Trotman told The Associated Press on Monday that the company will drill another well in upcoming months. Officials have said Exxon Mobil previously drilled another well last year ...

Read More »

Crude, energy stocks fall again

wall street, financial markets, oil price

U.S. stocks indexes headed sharply lower in afternoon trading Monday as investors grappled with the fallout of Britain’s vote to leave the European Union. European stock markets extended their losses from Friday. The British pound, which last week plunged to its lowest level since 1985, continued to fall as traders expected the British economy would take a hit. On Wall ...

Read More »

Oil militants call for referendum on breaking up Nigeria

LAGOS, Nigeria (AP) — Oil militants who have slashed Nigeria’s petroleum production with attacks on pipelines called Sunday for a referendum on breaking up the Nigerian federation. The Niger Delta Avengers group posted a map on social media suggesting that the West African power house could divide into five countries. Analysts had predicted that the stunning result of the British ...

Read More »

PSC holding hearing on proposed $5 million oil pipeline

Energy Transfer Partners' Dakota Access Bakken pipeline has been approved by Iowa. The state was the last of four states to approve the Bakken pipeline. (Image: D.Reichardt via Flickr)

WATFORD CITY, N.D. (AP) — North Dakota regulators are holding a public hearing in Watford City on a proposed $5 million oil pipeline in McKenzie County. Plains All American Pipeline has applied for a permit for the Johnsons Corner to Dakota Access Pipeline Project, a 3.5-mile long, 24-inch diameter crude pipeline. It would have a maximum capacity of 150,000 barrels ...

Read More »

Worker killed after accident during energy plant demolition


BELOIT, Wis. (AP) — A worker has died after being injured in an accident during the demolition of an old Alliant Energy power plant in Beloit. The Beloit Fire Department says in a statement that the 57-year-old man was found lying on the bottom floor of a partly demolished building Friday with “severe trauma to his abdomen.” Deputy Fire Chief ...

Read More »

High-stakes battle over oil terminal unfolds in Northwest

SEATTLE (AP) — Two companies proposing to build what would be the nation’s largest oil-by-rail marine terminal along the Columbia River in Washington see it as an opportunity to link domestic crude oil from the Midwest to a West Coast port. Critics, however, see an environmental and safety catastrophe waiting to happen, especially after a train carrying volatile Bakken crude ...

Read More »

Oil train protesters briefly disrupt Obama speech

Western Energy Alliance, Barack Obama, existing, oil wells, natural gas

SEATTLE (AP) — Protesters objecting to crude oil shipments on Northwest railways briefly interrupted President Barack Obama’s remarks in Seattle on Friday night. Speaking at a fundraiser for Gov. Jay Inslee, the president paused when hecklers shouted, urging him to use his authority to stop the trains. The president responded, cupping his ear to hear better and then saying he ...

Read More »

US rig count down 3 this week to 421

rig count, baker hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 421, snapping three weeks of gains after a slide that lasted months and pushed the count to record-low levels amid depressed energy prices. A year ago, 859 rigs were active. Houston oilfield services company Baker Hughes Inc. said ...

Read More »

Crude spews from California pipeline, but none reaches beach

oil spill ventura county

VENTURA, Calif. (AP) — Tens of thousands of gallons of crude oil spilled from an underground coastal pipeline in Southern California, but the ooze never reached the ocean or beach, stopping instead in a canyon ravine. About 29,000 gallons of oil spilled and flowed at least a quarter-mile in the canyon near Ventura on Thursday, fire authorities said. Resident Kirk ...

Read More »