(Photographer: Andrey Rudakov/Bloomberg)

Shell moves forward on major Gulf of Mexico platform

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Shell said it authorized the major project after finding 20 percent in cost reductions and determining that it will produce a profit as long as the global benchmark for oil prices stays above $55 a barrel.
Russ Girling, President and CEO of TransCanada Corporation, speaks at a press event at the pipe yard for TransCanadaÕs Houston Lateral Project in Mont Belvieu, Texas, about 30 miles east of Houston on Wednesday, March 5, 2014. (Bloomberg Photo/Scott Dalton)

TransCanada touts carbon reduction programs in latest Keystone push

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The controversial Keystone XL pipeline, which would directly link the oil sands of Alberta to a midwestern U.S. oil hub, has been awaiting the presidential authorization it needs to cross the border for seven years.
Pemex Refinery in the Hidalgo State in Mexico

Pair of companies to build 700,000-barrel crude oil storage near Houston

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The two companies said they will build about 700,000 barrels of new crude oil storage and a pipeline near Seabrook, Texas, about 30 miles southeast of Houston.
Tar is removed from the coastline that remained closed on Thursday, June 4, 2015, in Long Beach, Calif., after tar balls washed ashore. (Allen J. Schaben/Los Angeles Times/TNS)

Plains All American lab tests show oil from pipeline spill spread along hundreds of miles of California coastline

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Houston-based Plains All American Pipeline released a summary of the lab tests on Friday, as state and federal lawmakers intensified their scrutiny of the company’s ruptured Line 901 and the oil spill near Santa Barbara last month.
FILE - In this May 21, 2015, file photo, a worker removes oil from sand at Refugio State Beach, north of Goleta, Calif. An underground pipe, owned by Plains All American Pipeline, spewed oil down a culvert and into the Pacific on May 19 before it was shut off. Democratic U.S. Sens. Barbara Boxer and Dianne Feinstein say the response to the oil spill that blackened beaches and created a 10-square-mile slick on the ocean was "insufficient." and called on federal regulators to provide more details on the activities and decisions by Plains. (AP Photo/Jae C. Hong, File)

California oil spill gushed like hose ‘without a nozzle’

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An employee at the scene for Plains All American Pipeline initially suggested to firefighters that the spill “was too big to be from their pipeline,” according to the documents obtained by The Associated Press.
A crew cleans oil from the beach at Refugio State Beach on May 20, 2015 north of Goleta, Calif.  (Photo by David McNew/Getty Images)

Congress probing California oil spill that blackened beaches

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The House Energy and Commerce Committee on Thursday asked the pipeline operator for detailed information on maintenance of the failed line and inspection records.
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In this Saturday, May 23, 2015 photo released by the U.S. Coast Guard, two cleanup crew members work to remove oil from the sand along a portion of soiled coastline. (Chief Petty Officer David Mosley/U.S. Coast Guard via AP)

California beachfront owner sues Houston pipeline operator over oil spill

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The lawsuit filed in Los Angeles is at least the fourth proposed class-action against Plains since the May 19 spill blackened beaches and spread oil at least 100 miles. Beaches and campgrounds were closed, fishing was prohibited nearby, and nearly 300 dead marine mammals and birds have been found.
This photo provided by the Santa Barbara County Fire Department shows an oil slick from a broken pipeline off the central California coast near Santa Barbara on Tuesday.   (Mike Eliason/Santa Barbara County Fire Department via AP)

Beachfront owner sues pipeline operator over oil spill

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The lawsuit filed in Los Angeles is at least the fourth proposed class-action against Plains since the May 19 spill blackened beaches and spread oil at least 100 miles.
A group of land owners and conservationist walk on a gasline right of way during a field day to see native plant restoration at Dobie Ranch in Live Oak County, where gas and oil lines have been given right of way, on Tuesday, Sept. 24, 2013. The "field day" several groups including the U.S. Department of Agriculture's Natural Resources Conservation Service, Texas A&M Agrilife Extension, Caesar Kleberg Wildlife Research Institute and South Texas Natives. (Bob Owen/San Antonio Express-News)

New safety rules for South Texas pipeline inspectors mandate “buddy system,” quicker gun licenses

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The policy changes follow complaints by Commission Chairman David Porter that the federal government had failed to protect pipeline rights-of-way from becoming pathways for illegal immigration and cartel activity.
A contractor with Michels Corp. carries pieces of wood used to prop up sections of pipeline as they are assembled during construction of the Flanagan South crude oil pipeline outside Goodfield, Illinois, U.S., on Tuesday, Oct. 8, 2013. The approximately 600-mile, 36-inch crude oil pipeline is being constructed by Enbridge Energy Co., Inc., a subsidiary of Enbridge Inc., CanadaÕs largest oil transporter, and will originate in Flanagan, Illinois and terminate in Cushing, Oklahoma. (Daniel Acker/Bloomberg)

New focus on dividends has Enbridge shareholders happy, creditors silent

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Stock traders have warmly embraced Enbridge’s new focus on dividends, but the company’s creditors have given it a colder reception.