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  • Pipeline leaks brine in Lake Sakakawea tributary Friday, 10 Oct 2014 | 10:22 AM ET

    BISMARCK, N.D.— A saltwater spill estimated at 42,000 gallons flowed into a tributary of a Missouri River reservoir in western North Dakota, damaging vegetation in its path but not threatening drinking water sources, a state health official said. Houston- based Oasis Petroleum Inc. reported the spill Wednesday, Roberts said. Some of the wastewater was cleaned up...

  • Officials release video of mystery lottery winner Friday, 10 Oct 2014 | 6:59 AM ET

    DES MOINES, Iowa— Authorities trying to figure out who bought an unclaimed multimillion-dollar lottery ticket in 2010 in Iowa released a video Thursday that shows the mystery person, though his identity still remains unknown. The video released by the state Division of Criminal Investigation shows a hooded man at a Des Moines gas station buying a Hot Lotto...

  • *Venezuela may seek to annul World Bank tribunal's award. CARACAS, Oct 9- A World Bank arbitration tribunal on Thursday ordered Venezuela to pay Exxon Mobil Corp around $1.6 billion to compensate for the 2007 nationalization of its oil projects in the country. "The Tribunal has found that the expropriation was conducted in accordance with due process, that it was...

  • NEW YORK/ HOUSTON, Oct 9- Investment bank Lazard Ltd has asked bidders that have shown interest in buying Citgo Petroleum Corp's U.S. refineries to submit an additional round of offers, people close to the deal told Reuters this week as the sale process proceeds despite doubts. Venezuela's state-run oil company PDVSA hired Lazard to handle the sale process for...

  • HOUSTON, Oct 9- A World Bank arbitration decision that Venezuela must pay Exxon Mobil Corp about $1.6 billion shows that the country "failed to provide fair compensation" for oil assets nationalized in 2007, Exxon said in a statement on Thursday. "Exxon Mobil recognizes the sovereignty of all nations and, while clearly not a desirable outcome, accepts...

  • KiOR fights ex-director as debt nears due date Wednesday, 8 Oct 2014 | 5:46 PM ET

    JACKSON, Miss.— A former director of biofuel maker KiOR says he tried to warn other board members about problems with KiOR's technology to turn wood chips into an oil substitute, claims that could damage the company's defense in shareholder lawsuits and a Securities and Exchange Commission investigation. KiOR denies Paul O'Connor's claims, saying he was asked...

  • IBM opens new Watson HQ, details new projects Wednesday, 8 Oct 2014 | 2:04 PM ET

    NEW YORK— IBM revealed details about new projects for its Watson cognitive computing software as it opened its New York headquarters. The company has been developing business uses for Watson with clients since it announced in January it was investing more than $1 billion in the technology, including about $100 million in startup companies working on Watson...

  • Crude's price rise came as talk of an extended outage at the 300,000- barrel per day Irving, St. John refinery in Canada, pushed front-month New York gasoline prices 1.5 percent higher. "There seemed to be a little nervous buying in the products, which led to short covering and turned us around," said Phil Flynn, an analyst at Price Futures Group in Chicago.

  • U.S. crude traded below $90 a barrel, despite a brief mid-morning rally, while Brent traded below $92 a barrel. "Supply continues to weigh heavy on the market and demand isn't keeping up with it," said Oliver Sloup, director of managed futures at iitrader.com LLC in Chicago. November crude was down 23 cents at $89.51 a barrel 11:35 a.m. EDT.

  • HOUSTON, Oct 2- Occidental Petroleum Corp said on Thursday its board of directors has approved the spin-off of its California oil and natural gas business to its shareholders. Occidental, which has been moving its headquarters from Los Angeles to Houston, said about 80 percent of the outstanding shares of California Resources Corp will be distributed to its...

  • HOUSTON, Oct 2- Exxon Mobil Corp has seen some of its oil and gas activities in West Africa disrupted by the Ebola outbreak, including plans to drill offshore Liberia, the company's chief executive officer said on Thursday. "We had some drilling plans for some blocks offshore West Africa in Liberia," CEO Rex Tillerson told a news conference to announce $18 million in...

  • Oct 1- An experimental cholesterol-fighting drug being developed by Esperion Therapeutics Inc lowered LDL levels significantly more than Merck& Co Inc's Zetia in a midstage clinical trial, Esperion said on Wednesday. The LDL reductions seen with the once-daily ETC-1002 pill were somewhat less than can be achieved by more powerful statins, such as Pfizer...

  • Oct 1- A new type of experimental cholesterol fighter being developed by Esperion Therapeutics Inc lowered LDL levels significantly more than Merck& Co Inc's Zetia in a midstage clinical trial, the company said on Wednesday.

  • UPDATE 1-PennTex Midstream Partners LP files for IPO Tuesday, 30 Sep 2014 | 6:59 AM ET

    Sept 30- PennTex Midstream Partners LP, a master limited partnership formed by PennTex Midstream Partners LLC, filed with U.S. regulators for an initial public offering of common units.

  • Sept 29- Civeo Corp, the provider of oilfield accommodation services recently spun off by Oil States International Inc, surprised Wall Street on Monday by saying it would not convert to a real estate investment trust and would instead relocate to Canada for tax purposes.

  • HOUSTON, Sept 26- Brent crude futures ended flat on Friday as improving supply and concerns about tepid demand for oil in Europe and China offset concerns about the Middle East conflicts, while U.S. crude rose on supportive economic data from the United States.

  • Sept 25- For nearly a quarter-century, traders around the world have looked to a spot in Louisiana for the best price of U.S. natural gas.

  • Lawmakers in U.S. oil heartland soften over export ban Thursday, 25 Sep 2014 | 1:00 AM ET

    NEW YORK, Sept 25- In the oil drilling and refining heartland of Texas, the debate over U.S. crude exports is no longer a fight over whether a 40- year ban should be lifted.

  • Q+A-Tax Inversions 101: A pocket guide Wednesday, 24 Sep 2014 | 11:04 AM ET

    NEW YORK, Sept 23- The Treasury department this week announced a new set of regulations to crack down on the wave of "corporate inversions," in which American companies lower their tax bill by, simply put, relocating their legal corporate addresses overseas.

  • WASHINGTON, Sept 19- Exxon Mobil said on Friday it will wind down drilling in Russia's Arctic in the face of U.S. sanctions targeting Western cooperation with Moscow's oil sector, after the Obama administration granted a brief extension to safely mothball its operations. Washington extended sanctions on Russia last week over its aggression in Ukraine.