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AP Newsbreak: US oil, gas applications could drop 40 percent

BILLINGS, Mont. (AP) — U.S. officials say applications to drill for oil and gas on federal and Indian lands are expected to decrease 40 percent in coming years versus their historical average. The projection comes as cheap prices have curtailed domestic energy exploration, driving down state and federal revenue. The U.S. Bureau of Land Management on Thursday will announce a ...

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Standing Rock Sioux sues Corps over oil pipeline permits

pipes, manufacturing

BISMARCK, N.D. (AP) — The Standing Rock Sioux Tribe is suing federal regulators for approving permits for a $3.8 billion pipeline that will move oil from North Dakota to Illinois. Tribal officials filed the lawsuit Wednesday against the U.S. Army Corps of Engineers. The Corps issued permits for the project on Tuesday. The Standing Rock tribe opposes the Dakota Access ...

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France’s Total profit falls 30 percent due to oil price drop

In this Feb.5, 2013 file photo, the logo of the French oil giant Total SA is seen at the entrance of the company headquarters in the La Defense business district, west of Paris. The French company said Thursday Feb.11, 2016 that profit adjusted for changes in the value of inventories and one-time items dropped to $2.1 billion from $2.8 billion in the same period a year earlier.(AP Photo/Jacques Brinon, File)

PARIS (AP) — French energy company Total SA says its net income fell 30 percent in the second quarter to $2.09 billion due to the impact of lower oil prices. The Paris-based company said its sales for the April-June period were $37.22 billion, down from $44.72 billion in the year-earlier period. Chairman and CEO Patrick Pouyanne said the company will ...

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Cooking oil, graphene among CO2 capture prize entry ideas

coal-fired units

CHEYENNE, Wyo. (AP) — Cooking oil and graphene, a recently discovered substance stronger than steel, might seem to have little in common, but some theorize both could be made from carbon dioxide emitted by coal- and gas-fired power plants. Teams from Canada, China, Finland, India, Scotland, Switzerland and the U.S. have submitted 47 proposals for the first round of a ...

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Wind, nuclear advance as NY moves ahead with energy plan

ALBANY, N.Y. (AP) — New York state committed last year to generating half of its energy from renewable sources like wind and solar by the year 2030. Now comes the hard part: figuring out how to do it. Several big decisions in the next few weeks could fill in some of the details about how the state will meet Gov. ...

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Cities turn to local action to block oil trains

oil trains, crude by rail, Seattle

SEATTLE (AP) — As crude oil trains began rolling through its downtown a few years ago, Spokane was among the first cities to pass a resolution calling for stronger federal safety regulations. But when a mile-long train derailed in the scenic Columbia River Gorge along the Oregon-Washington border last month — after earlier passing through this major railroad hub in ...

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Coast Guard: 4,200 gallon oil spill in south Louisiana

Louisiana oil spill

NEW ORLEANS (AP) — The Coast Guard says about 4,200 gallons of crude oil has leaked from an abandoned oil pipeline near marshland in southeast Louisiana. A Tuesday news release from the Coast Guard says the leak was reported and stopped Monday. The line belongs to Hilcorp Energy of Houston. A company spokesman said he would have more information on ...

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Libya army commander threatens to target oil tankers

Libyan national oil company chief Mustafa Sanalla reacts during an interview in London, Monday, Jan. 25, 2016. The head of Libya’s state oil corporation is appealing for political factions to forge a unity government, saying that without a single government there will be “neither security nor stability. Mustafa Sanalla believes that the country will become a failed state without action soon.(AP Photo/Kirsty Wigglesworth)

BENGHAZI, Libya (AP) — Libya’s chief of staff on Tuesday threatened to target foreign oil tankers if they entered territorial waters, after a controversial deal was struck between the United Nations envoy and a militia commander in control of the oil terminals. The agreement between U.N. Envoy to Libya Martin Kobler and militia leader Ibrahim Jedran, has been widely criticized ...

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New Mexico permanent funds shrink amid energy bust

Permian Basin, Wolfcamp

SANTA FE, N.M. (AP) — Rainy day funds overseen by the state of New Mexico have been drawn down by almost 2 percent during the past year as spending on public education and infrastructure projects outpaces investment income and revenues linked to the oil and natural gas industries. The New Mexico State Investment Council said Monday that assets declined by ...

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European development bank considers funding Trans Adriatic Pipeline

European pipeline, Trans Adriatic pipeline

TIRANA, Albania (AP) — The European Bank for Reconstruction and Development is looking to support financially the development of the Trans Adriatic Pipeline, which plans to bring gas across the Balkans and on to Italy. President Suma Chakrabarti told Albanian Prime Minister Edi Rama during a visit Tuesday that the pipeline project was of great interest as it would help ...

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