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  • US oil and natural gas rig count drops by 34 to 954 Friday, 17 Apr 2015 | 7:50 PM ET

    Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 34 this week to 954 amid depressed oil prices. Houston- based Baker Hughes said Friday 734 rigs were seeking oil and 217 explored for natural gas. Among major oil- and gas-producing states, Texas plummeted by 15 rigs; Oklahoma was down six;...

  • Senator: Decade-old Gulf oil leak is 'unacceptable' Friday, 17 Apr 2015 | 7:23 PM ET

    BATON ROUGE, La.— A U.S. senator from Florida is pressing federal officials to disclose technical data and other information about a decade-old oil leak in the Gulf of Mexico, after an investigation by The Associated Press revealed evidence that the spill is far worse than a company or government regulators have publicly reported. But the Coast Guard provided AP...

  • TOKYO, April 17- Nissan Motor Co said on Friday it would expand an investigative recall in certain U.S. regions to replace air bags made by Takata Corp, adding about 45,000 Sentras from the 2004-2006 model years that weren't included previously. Bloomberg reported earlier the expansion followed a March 21 accident in which a woman was injured from shrapnel in...

  • *Major court decisions expected this year- Gold Reserve. CARACAS, April 16-- Gold Reserve Inc, a small Canadian miner that lost its crown jewel in a 2009 expropriation, is targeting Venezuelan assets as it seeks to collect a $750 million arbitration award that would put new strains on the cash-strapped government's finances. With higher-profile cases including...

  • Nissan expands air bag recall after Louisiana injury Thursday, 16 Apr 2015 | 4:43 PM ET

    DETROIT— Nissan is adding 45,000 small cars to a previous recall after a Louisiana woman was injured by flying shrapnel from an exploding air bag. Nissan spokesman Steve Yaeger said the cars were added when Nissan found out about Wilson's injury while analyzing field data. In November, Nissan recalled more than 52,000 vehicles to fix potentially faulty...

  • Confronted with an AP analysis that found a recent spike in reported sheen sizes and volumes, the Coast Guard acknowledged it held a workshop last August to improve the methodology employed by a Taylor contractor. The Coast Guard also provided a new leak estimate— based on a new method for estimating sheen sizes— that is at least 20 times greater than one recently...

  • And there's no end in sight for Taylor Energy Company's decade-old oil leak off the coast of Louisiana. —A drilling platform owned by Taylor Energy stood roughly 10 miles off Louisiana's coast in approximately 475 feet of water before it was toppled by an underwater mudslide during Hurricane Ivan in September 2004. —BP was drilling in mile-deep water when its...

  • Secrecy shrouds decade-old oil spill in Gulf of Mexico Thursday, 16 Apr 2015 | 10:55 AM ET

    OVER THE GULF OF MEXICO— A blanket of fog lifts, exposing a band of rainbow sheen that stretches for miles off the coast of Louisiana. Presented with AP's findings, that the sheen recently averaged about 91 gallons of oil per day across eight square miles, the Coast Guard provided a new leak estimate that is about 20 times greater than one recently touted by the...

  • AUGUSTA, Maine— The creator of powdered alcohol is furiously trying to fend off efforts to ban the product in Maine and across the country before it even hits stores. But first, Phillips must convince skeptical lawmakers from Hawaii to Maine, who are working frantically to keep powdered alcohol off limits. Mick Devin, a Democrat who introduced a bill to ban...

  • April 15- A Texas- based Internet provider is requesting that a federal appeals court in New Orleans, not one in Washington, be the court that hears a challenge to new Web traffic regulations known as "net neutrality" rules. Alamo Broadband Inc filed a lawsuit on Wednesday in the 5th U.S. Circuit Court of Appeals in New Orleans asking it to review the regulations from...

  • April 15- Texas- based Internet provider Alamo Broadband Inc filed a lawsuit on Wednesday asking the federal appeals court based in New Orleans to block new web traffic regulations from the Federal Communications Commission.

  • APPEALS COURT IN NEW ORLEANS SEEKING TO BLOCK FCC INTERNET RULES- COURT PAPERS.

  • $5 billion in BP oil spill settlement payments so far Wednesday, 15 Apr 2015 | 5:10 PM ET

    NEW ORLEANS— The man who oversees settlement payments to people and businesses claiming economic losses as a result of BP's 2010 Gulf of Mexico oil spill says more than $5 billion has been paid out. Patrick Juneau announced the milestone in a Wednesday news release, five days ahead of the disaster's fifth anniversary. The Deepwater Horizon drilling rig...

  • CONCORD, N.H.— Senate Majority Leader Mitch McConnell's call for governors to defy proposed federal rules to limit pollution has been met with mostly silence, but leaders in downwind New England states and drought-stricken areas in the West are pushing back. Maggie Hassan, also a Democrat, pointed to efforts there, including the Regional Greenhouse Gas...

  • Climate change plan faces high-profile legal test Wednesday, 15 Apr 2015 | 12:34 PM ET

    EPA officials say the rule would protect public health, fight climate change and lower electricity costs by 8 percent by 2030.. Last month, Senate Majority Leader Mitch McConnell, R- Ky., sent a letter urging the governors of all 50 states to defy the EPA by refusing to submit the compliance plans. Opponents also are getting support from an unlikely ally, Harvard Law...

  • NEW YORK, April 14- AT&T Inc and three cable and wireless trade groups filed separate lawsuits on Tuesday challenging the U.S. Federal Communications Commission over its new web traffic regulations. The suit comes even as the No.2 U.S wireless company's proposed $48.5 billion acquisition of satellite TV operator DirecTV is under FCC review.

  • Delek said it would buy 33.7 million Alon USA shares, valuing each share at $16.985, which is a premium of more than 8 percent to the stock's Tuesday close. Alon USA's shares were up 5 percent at $16.50 in trading after the bell on Tuesday, while Delek's shares rose 3.2 percent to $39.10. For a year after that, Delek can acquire up to 49.99 percent of Alon USA at its...

  • Delek said on Tuesday it would buy 33.7 million Alon USA shares and that the deal value was based on Delek's closing price of $37.90 on Tuesday. Delek said it would pay $200 million in cash, 6 million in stock and issue Alon Israel an unsecured $145 million promissory note maturing in January 2021. Delek has refineries in Tyler, Texas and El Dorado, Arkansas while...

  • The National Cable and Telecommunications Association, CTIA-The Wireless Association and American Cable Association filed petitions against so-called "net neutrality rules" in U.S. Court of Appeals for the D.C. Circuit. "Instead of promoting greater industry investment... the FCC opted to resuscitate a command-and-control regulatory regime, including a...

  • U.S. to become a net exporter of natgas by 2017 -EIA Tuesday, 14 Apr 2015 | 1:00 PM ET

    April 14- The United States will transition from a net importer of natural gas to a net exporter of the fuel by 2017 as the nation's shale gas production continues to grow, the U.S. Energy Information Administration said on Tuesday in its Annual Energy Outlook. The EIA said increases in domestic gas production are expected to reduce demand for gas imports from...