Lifting the 1970s ban on crude exports would go a long way to reducing energy prices and increasing jobs in the U.S., the CEO of Hess tells CNBC.» Read More
BISMARCK, N.D.— An oil executive accused of dumping toxic drilling liquid and endangering drinking water for a county in southwest North Dakota has reached an undisclosed plea deal with federal prosecutors, authorities say. Executive Drilling LLC President Nathan Garber is slated to be sentenced Sept. 26 in Bismarck federal court.
BNSF Railway can make immediate safety improvements in the mile-long 100- year-old rail tunnel that runs under downtown Seattle, including installing radio communication, a fire suppression system to release water and foam, and a permanent ventilation system, according to the report written by Barb Graff, who directs the city's office of emergency management, and Seattle assistant fire chief A.D. Vickery.
BISMARCK, N.D.— North Dakota Republicans on Wednesday unveiled an $800 million one-time spending plan to address immediate problems tied to the oil boom in the western part of the state.
WASHINGTON— The U.S. current account trade deficit narrowed slightly in the April-June quarter, reflecting gains in exports of oil and civilian aircraft and a bigger surplus in Americans' overseas investment earnings.
WASHINGTON— The Commerce Department reports on the U.S. current account trade deficit for the April-June quarter. WIDER DEFICIT: The expectation is that the deficit widened to $113.8 billion in the second quarter, up 2.3 percent from the first quarter, according to a survey of economists by data firm Fact Set.
NEW TOWN, N.D.— North Dakota's oil-rich Mandan, Hidatsa and Arikara Nation will have a new leader by the end of the year, according to the results of Tuesday's primary election on Fort Berthold Indian Reservation.
WASHINGTON, Sept 16- Pipeline operator TransCanada Corp is likely to haul Canadian oil sands crude by rail whether or not its embattled Keystone XL pipeline project is finally approved by Washington, the company's chief executive said on Tuesday.
WASHINGTON— Amid action in Congress to intensify the fight against Islamic State militants, Senate Majority Leader Harry Reid found time Tuesday for an issue closer to home: ensuring that a nuclear waste dump in his home state of Nevada remains mothballed even after the government has spent $15 billion on it.
Bobby Jindal said Tuesday that President Barack Obama's administration has become "science deniers," failing to do enough to harness the nation's energy potential. The White House has said its promotion of domestic energy production, the use of wind and solar power and the reduction in oil consumption have had economic benefits and reduced carbon emissions.
NEW TOWN, N.D.— Members of North Dakota's oil-rich Mandan, Hidatsa and Arikara Nation voted Tuesday in a primary election that will determine the two candidates who will vie for the leadership of the tribes in November.
WASHINGTON, Sept 12- The United States hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions on Friday to punish Moscow for its intervention in Ukraine. They are the latest economic penalties imposed by the West since Russia annexed Crimea from Ukraine in March.
HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by six this week to 1,931.. Of the major oil- and gas-producing states, Alaska gained three rigs; Kansas, New Mexico and North Dakota each increased by two; and Colorado, Ohio and Pennsylvania were up one apiece.
WILLISTON, N.D.— The latest figures available show North Dakota's daily oil production reached more than 1.1 million barrels in July, a record high, state regulators announced Friday. The North Dakota Industrial Commission said the state's more than 11,000 wells produced 1,110,642 barrels of oil per day in July.
SEATTLE— Environmental groups sued the U.S. Department of Transportation on Thursday over the shipment of volatile crude oil in older railroad tank cars. That petition sought an emergency order to prohibit crude oil from the Bakken region of North Dakota and Montana and elsewhere from being carried in older tank cars, known as DOT-111s.
DES MOINES, Iowa— The nation's corn and soybean farmers will bring in by far the largest harvest ever this year, the U.S. Department of Agriculture said Thursday in a new report. Record yields will be set in 18 states, the USDA said, and 10 states including Illinois, Iowa, and Nebraska, the top three producers, have the highest number of ears per corn stalk ever.
WASHINGTON, Sept 11- U.S. corn and soybean production in 2014, already pegged at record highs, will be higher than expected a month ago and somewhat above trade expectations, the U.S. government said on Thursday, triggering a swift drop in Chicago grain markets.
WILLISTON, N.D.— The oil boomtown of Williston has approved the largest budget in the city's history, fivefold what it was four years earlier. And in 2000, before the booming oil industry transformed Williston from a provincial farm town into the fastest-growing area in the country, the budget was only $20 million according to The Williston Herald.
The South Dakota Department of Transportation said Tuesday it has received $12 million in federal funding, which completes the estimated $28 million budget for the project.
Shipping rates are 90 percent higher than they were in 2002, but service has drastically diminished, said Calvin Dooley, president of the American Chemistry Council.
HOUSTON, Sept 10- Alon USA Energy intends to restart its refinery in Bakersfield, California in 2016 after a string of upgrades to enable it to process light inland U.S. crude that will arrive via a new oil-by-rail facility, Chief Executive Paul Eisman told Reuters on Wednesday.