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North Dakota crude no more dangerous than similar fuels, report finds

HOUSTON — An industry-funded study released Monday concluded that the oil from the Bakken region doesn’t pose a greater risk to transport than other similar, types of crude. The study is the most scientific analysis of the region’s crude so far, the North Dakota Petroleum Council said. The group hopes the report allays fears that […]  More »

Grouse measures defer drilling in much of Wyoming

The total area of federal oil and gas leases deferred in Wyoming to protect the greater sage grouse — ahead of next year’s expected decision on whether the bird is a threatened or endangered species — substantially exceeds the combined size of Yellowstone and Grand Teton national parks, U.S. Bureau of Land Management figures show.  More »

Parnon, Arcadia to pay $13 million in price-rigging suit

Parnon Energy, an oil logistics company, and London-based oil trader Arcadia Petroleum Ltd. agreed to pay $13 million to settle a U.S. regulator’s claims they manipulated oil futures prices.  More »

Regulator alleges Houston oil company misled investors

The Securities and Exchange commission on Monday charged independent exploration and production company Houston American Energy Corp. and its CEO with making false claims about the company’s oil reserves.  More »

Colorado compromise aims to head off fracking showdown at ballot box

WASHINGTON — A last-minute deal in Colorado is aimed at averting a ballot showdown in November over the future of hydraulic fracturing and drilling regulations in the state that threatened to strand oil industry investments and divided Democrats.  More »

Electric cars eventually could tie up grid traffic

Utilities and automakers are looking to a time when electric cars become more common and might strain electric grid capacity.  More »

Nigeria, Shell not cleaning oil pollution, report charges

Nigeria, a member of the Organization of the Petroleum Exporting Countries, is Africa’s largest oil producer and most populous nation.  More »

Companies at work on blowout preventers for deeper depths

GE Oil & Gas and others are working to create blowout preventers that can work at deeper depths and higher pressures.  More »

Mexico lower House passes final oil bills, sends them to Senate

Mexico’s Lower House early passed the last package of bills to regulate an end to Petroleos Mexicanos’s state-oil monopoly, sending the legislation to the Senate for final approval after making minor changes on pension and retirement issues.  More »

Houston refinery no longer will buy Kurdish crude

Chemical giant LyondellBasell acknowledged past purchases of modest amounts of what it called “Iraqi crudes” to process at its Houston refinery but said future buys have been canceled until the ownership dispute is settled.  More »

One condensate cargo sails away, but others could take time

A cargo of minimally processed condensate is now sailing away from the port of Galveston, becoming the first known export of that ultra-light oil to a country other than Canada. But Eagle Ford oil producers are hoping it isn’t the last.  More »

Kinder Morgan to expand pipeline to ship natural gas to Mexico

Kinder Morgan Energy Partners’ affiliate El Paso Natural Gas Co. has begun a half-billion-dollar pipeline system upgrade so it can fulfill a deal to send to natural gas to Mexico.  More »
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