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  • Ecologists team up to buy Texas bayside ranch Thursday, 21 Aug 2014 | 7:02 AM ET

    HOUSTON— A sprawling private ranch in southeast Texas will be converted into a state park with the assistance of a fund created in the wake of the 2010 Deepwater Horizon oil spill, the Texas Parks and Wildlife Foundation announced Thursday.

  • BP names David Lawler CEO of US business Wednesday, 20 Aug 2014 | 2:06 PM ET

    HOUSTON— BP PLC said Wednesday that it has hired David Lawler as CEO of the oil and gas company's U.S. business, which is gearing up to spin off into its own separate company. Lawler, 46, will join BP on Sept. 15. U.S.-listed shares of London- based BP slipped 14 cents to $48.16 in afternoon trading Wednesday.

  • US government sells 400,000 acres offshore Texas Wednesday, 20 Aug 2014 | 1:02 AM ET

    The federal government has sold more than 400,000 acres in the Gulf of Mexico off the Texas coast for oil and gas exploration and development, an official with the U.S. Bureau of Ocean Energy Management said Wednesday. BP PLC submitted the largest number of high bids, winning 27 of the 81 tracts that sold.

  • NEW YORK, Aug 20- As the first U.S. oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that makes it three times more expensive to ship by water between U.S. ports than to sail to a foreign port.

  • NEW YORK, Aug 18- Washington's decision to allow exports of an ultra light crude offers a potential boon to U.S. producers that will bypass drillers in the Permian basin, because the country's fastest growing shale play lacks pipelines or affordable trucking.

  • *Russia denies its forces crossed into Ukraine. NEW YORK, Aug 15- Brent and U.S. crude futures jumped more than $1 a barrel on Friday on news that Ukraine forces engaged a Russian armored column on Ukrainian soil. Russia, a major oil and natural gas producer, denied its forces crossed into Ukraine and accused Kiev of trying to sabotage deliveries of humanitarian aid.

  • Aug 15- The first new crude-by-rail project at a California refinery is likely to win approval next month after more than a year of scrutiny, the head of the Kern County planning division told Reuters, and it could help reopen the shuttered plant.

  • NEW YORK, Aug 15- Brent and U.S. crude futures jumped more than $1 a barrel on Friday on news that Ukraine forces engaged a Russian armored column on Ukrainian soil.

  • Aug 15- The first crude-by-rail project at a California refinery is likely to win approval next month after more than a year of scrutiny, the head of the Kern County planning division told Reuters, and it could help reopen the shuttered plant.

  • NEW YORK, Aug 13- Common soil bacteria injected into solid cancers in pet dogs and one human patient shrank many of the tumors, scientists reported on Wednesday.

  • LONDON/ HOUSTON, Aug 12- U.S. refiners will refrain from buying more Kurdish crude oil until a long-running dispute between Baghdad and Iraqi Kurdistan is settled, while Washington urges both sides to set aside their differences and helps them tackle Sunni militants.

  • Houston- based Kinder Morgan Inc, the biggest U.S. pipeline company, said it will consolidate into a single corporation, folding together its existing organization of several master limited partnerships. The Treasury statement, sent in an email, came in answer to questions from Reuters following Kinder Morgan's news.

  • HOUSTON, Aug 11- The biggest U.S. pipeline company, Kinder Morgan Inc, will gain new muscle to acquire rivals after it consolidates as a single company and buys out investors in its publicly traded units for $44 billion, its CEO said on Monday. Kinder Morgan Inc said on Sunday it would put all its units under one roof.

  • BUSINESS-NEWS-SCHEDULE AT 1430 GMT / 10.30 AM ET Monday, 11 Aug 2014 | 11:31 AM ET

    NEW YORK- Global stocks bounce after recent sell-offs and core government debt prices fall as markets see receding risks of direct conflict between Russia and Ukraine while Middle East tensions diminish.

  • HOUSTON, Aug 11- Kinder Morgan Inc as a combined company would be able to make sizable acquisitions in the natural gas and crude oil pipeline and processing sector, Chief Executive Officer Rich Kinder told investors on a conference call on Monday.

  • HOUSTON, Aug 11- Kinder Morgan Inc as a combined company will have the opportunity to make sizable acquisitions in the natural gas and crude oil pipeline and processing sector, the company's chief executive officer told investors on a conference call on Monday.

  • Aug 10- Top U.S. pipeline company Kinder Morgan Inc said on Sunday it will put all its publicly traded units under one roof in a $70 billion deal that responds to investor concerns about its growth prospects and complicated financial structure. The affected units include Kinder Morgan Energy Partners LP, Kinder Morgan Management, and El Paso Pipeline Partners.

  • NEW YORK, Aug 7- European oil prices in a year's time have risen to a premium over immediate prices for the first time since 2012, as turmoil in Iraq and Libya and tensions between Russia and the West elevate supply risks in the months ahead.

  • NEW YORK, Aug 7- Crude oil prices rebounded on Thursday after reports the United States was considering airstrikes on advancing Islamic militants in Iraq revived concerns about supply disruptions from OPEC's No. 2 oil producer. Brent crude gained 85 cents to settle at $105.44 a barrel, and rose more than $1 in post-settlement trading.

  • NEW YORK, Aug 7- Crude oil climbed on Thursday, rebounding from the lowest prices in months as the security situation in northern Iraq deteriorated, reviving concerns about supply disruptions. White House spokesman Josh Earnest would not confirm that airstrikes were being considered, saying: "There are no American military solutions to the problems in Iraq."