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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;...

  • No. 1 egg-producing state aims to keep bird flu out Friday, 17 Apr 2015 | 5:22 PM ET

    DES MOINES, Iowa— The discovery of bird flu on an Iowa turkey farm has raised serious concerns that the poultry-killing virus could find its way into chicken barns in the nation's top egg-producing state and rapidly decimate flocks that provide the U.S. with its breakfast staple. Iowa is home to roughly 50 million hens that lay nearly one in every five eggs...

  • WASHINGTON, April 17- The U.S. government would get a larger share of oil and gas revenue from federal land under a proposal announced by the Interior Department on Friday. Reforms will "ensure that American taxpayers receive a fair return from energy resources developed on their public lands," Neil Kornze, director of the Interior Department's Bureau of Land...

  • NY comptroller approves Medicaid contract for Xerox Friday, 17 Apr 2015 | 2:44 PM ET

    ALBANY, N.Y.— New York's comptroller on Friday approved a $565 million contract award to Xerox to redesign and operate the information management system for the state's Medicaid program. The comptroller's office said its review found insufficient grounds in the protests by Computer Sciences Corp. and Hewlett-Packard to overturn the award.

  • WASHINGTON— An emergency order requiring trains hauling crude oil and other flammable liquids to slow down as they pass through urban areas and a series of other steps to improve the safety were announced Friday by the Department of Transportation. There have been a series of fiery oil train explosions in the U.S. and Canada in recent years, including one just...

  • WASHINGTON, April 17- The U.S. government would get a larger share of oil and gas revenue from federal land under a proposal the Interior Department is expected to announce on Friday. But most of that production is on private land in energy patches like North Dakota's Bakken or the Eagle Ford fields of Texas. Specifically, the Interior Department is considering...

  • WASHINGTON— The Obama administration took a first step Friday toward a possible increase in fees charged for oil and gas companies to drill on federal lands. The Bureau of Land Management issued a notice seeking public comment on whether regulations are needed to give the government more flexibility in setting its fees. The Government Accountability Office...

  • SIDNEY, Mont.— A man was sentenced to 100 years in prison Friday in a Montana teacher's murder— a case that local officials say robbed the victim's rural hometown of its innocence amid an oil boom that's swept across the Northern Plains. Michael Keith Spell, 25, of Parachute, Colorado, was sentenced following a hearing before state District Judge Richard Simonton...

  • SAN FRANCISCO, April 16- California imports of Bakken crude oil from North Dakota on barges totaled a record 1.5 million barrels last year, 27 percent greater than the amount that reached the state by rail, the California Energy Commission told Reuters on Thursday. To get the low-cost Bakken crude to California refineries, producers load it onto trains in North...

  • The group recognized at a White House ceremony Thursday included a Berkeley, California, woman whose efforts helped get paid family leave for workers in the state. Obama was introduced by Microsoft CEO Satya Nadella. The software company recently announced that it will push its U.S. suppliers to give paid time off to its employees that do work for Microsoft.

  • *OPEC March output surges 810,000 bpd on Saudi, Iraq boost. NEW YORK, April 16- Crude oil prices jumped to fresh 2015 peaks on Thursday, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. "The report on Al Qaeda forces taking over facilities in Yemen sent prices up," said Phil Flynn, analyst...

  • Port of Longview working on crude oil refinery proposal Thursday, 16 Apr 2015 | 12:43 PM ET

    PORTLAND, Ore.— The Port of Longview says it's working with an energy company on a proposal for a new crude oil refinery, the first such facility on the Columbia River. Columbia Riverkeeper said if a refinery is built in Longview, it would be the first on the West Coast in over 25 years, and the sixth refinery in Washington state. Longview is 50 miles north of Portland.

  • *OPEC March output surges 810,000 bpd on Saudi, Iraq boost. But on Thursday, OPEC said in its monthly report that its own output surged by 810,000 barrels per day in March, even as low prices start to weigh on U.S. production. "There is some profit taking, but the confirmed OPEC production increase... has to weigh on prices to some degree," said John Kilduff, partner at Again...

  • Energy company eyes Washington state port for new project Wednesday, 15 Apr 2015 | 9:40 PM ET

    SAN FRANCISCO, April 15- Riverside Refining LLC is developing an energy infrastructure project for the Pacific Northwest and is considering Washington State's Port of Longview as a potential location for it, the company's CEO said on Wednesday. Separately on Wednesday, environmental group Columbia Riverkeepers released documents it had obtained through...

  • *U.S. crude futures hit 2015 peak, May Brent heads to expiry. NEW YORK, April 15- Oil futures rallied and U.S. crude rose 5 percent to a 2015 peak on Wednesday after government data showed crude oil inventories in the United States rose less than expected last week. Expiring front-month May Brent rose $1.22 to $59.65, having reached $59.95.

  • 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...

  • COLUMN-Iran's tantalizing oil prize: Kemp Wednesday, 15 Apr 2015 | 11:14 AM ET

    LONDON, April 15- Iran contains some of the largest and most attractive petroleum resources in the world, so any easing of sanctions could have a major impact on oil and gas markets in the second half of the decade. Iran's possible re-emergence as a major exporter would force a re-ordering of the world oil market both because of the country's location on the...

  • *OPEC production surges to 31.02 mln bpd- IEA. LONDON, April 15- Oil prices jumped more than a dollar on Wednesday after a lower than expected build of crude oil stocks in the United States. Crude stocks there rose 1.29 million barrels to 483.69 million barrels in the week to April 10, the U.S. Energy Information Administration said on Wednesday, against a forecast of a...

  • LONDON, April 15- Brent crude oil prices rose on Wednesday amid tension in the Middle East and signs of a dip in U.S. production, but gains were capped by a report from the International Energy Agency indicating that supplies would take longer to tighten than previously expected. Front-month Brent crude futures were up 53 cents at $58.96 per barrel by 1124 GMT,...

  • Titan Machinery reports 4Q loss Wednesday, 15 Apr 2015 | 7:09 AM ET

    WEST FARGO, N.D. _ Titan Machinery Inc. on Wednesday reported a loss of $27.5 million in its fiscal fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 19 cents per share. Titan Machinery shares have dropped nearly 7 percent since the beginning of the year.