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North Dakota

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  • Feb 13- TransCanada Corp, Canada's second-largest pipeline company, reported on Friday a better-than-expected fourth quarter profit, driven mainly by increased earnings from its Canadian operations. Comparable earnings from TransCanada's cross-country Canadian Mainline pipeline, which carries natural gas from Empress, Alberta to Ontario, jumped 30...

  • Feb 13- TransCanada Corp, Canada's second-largest pipeline company, reported a higher-than-expected quarterly profit, driven mainly by increased earnings from its Canadian operations. Transcanada has been awaiting a U.S. decision to expand the Keystone network for more than six years to move crude from Alberta's oil sands to refineries on the Gulf Coast.

  • WASHINGTON/ OTTAWA, Feb 12- The U.S. Transportation Department has recommended crude oil trains be reinforced and have advanced braking systems installed to prevent accidents from becoming fiery disasters, according to sources familiar with the plan. The proposal, which now faces a White House review, envisions safety improvements that public advocates...

  • WASHINGTON/ OTTAWA, Feb 12- The U.S. Transportation Department has recommended crude oil trains be reinforced and advanced braking systems installed to prevent accidents from becoming fiery disasters, according to sources familiar with the plan. The proposal, which now faces a White House review, envisions safety improvements that public advocates endorse...

  • The hidden factor that may slash US oil output Thursday, 12 Feb 2015 | 2:19 PM ET
    An oil well owned an operated by Apache Corporation in the Permian Basin is shown in Garden City, Texas, Feb. 5, 2015.

    The life cycle of U.S. shale oil wells could put a question mark over American output and price stability.

  • LONDON, Feb 12- "Excessive oil and gas loan concentrations have been a key factor in the failure of some banks during periods of steep price declines," the Office of the Comptroller of the Currency notes with bureaucratic understatement in its handbook for U.S. bank examiners. The agency supervised the infamous Penn Square Bank in Oklahoma City, which was declared...

  • Flights under the auspices of the Northern Plains test site will now be allowed in most of northeastern North Dakota, FAA said in a statement, adding that it soon expects to authorize flights in about two-thirds of the state. Flight operations at the Northern Plains site, one of six FAA- authorized test sites in the country, began in May and were limited to a small...

  • Oil and gas producers accounted for almost $1 in every $8 of new business investment in the U.S. economy in 2013, according to new data published by the Census Bureau. Businesses engaged in oil and gas extraction invested $159 billion in wells, structures and equipment in 2013, according to the Annual Capital Expenditures Survey, the latest edition of which was...

  • WILLISTON, N.D., Feb 6- Even as plunging crude oil prices fuel anxiety in North Dakota, small business owners in the No. 2 U.S. oil producing state say they are confident that demand for their products and services will remain strong enough to keep things humming. New coffee shops, restaurants and health food stores have recently opened or are set to open in Williston,...

  • Lower gas prices no windfall for these retailers Wednesday, 4 Feb 2015 | 3:02 PM ET
    A customer checks out at a Best Buy in Peoria, Ill.

    As oil prices fall, it becomes harder for energy companies to maintain profitability.

  • COLUMN-Does oil's rally put rebalancing at risk? Kemp Wednesday, 4 Feb 2015 | 9:52 AM ET

    LONDON, Feb 4- Brent crude prices rose almost 18 percent between Friday and Tuesday, despite the absence of real news, which should convince even the most ardent believers in market efficiency that oil trading is noisy and inefficient at processing new information. The oil research team at Morgan Stanley has written that the three-day rally is putting at risk a...

  • JUDGE CALLS NY AG SCHNEIDERMAN'S ALLEGATIONS AGAINST WELLS FARGO "SO INSUBSTANTIAL" THAT STATE FAILED TO ALLEGE BREACH.

  • JUDGE REJECTS ALLEGATIONS BY NEW YORK ATTORNEY GENERAL THAT WELLS FARGO NOT COMPLYING WITH $25 BILLION MORTGAGE SETTLEMENT.

  • WASHINGTON, Feb 2- U.S. railroads expect to boost spending to $29 billion this year to lay track, add engines and otherwise upgrade a national network tested by a surge in energy and agriculture deliveries, the leading industry trade group said on Monday. The investment announced by the Association of American Railroads is the second annual increase for a...

  • LONDON, Feb 2- Oil prices surged 8 percent on Friday as the market digested news another 94 rigs previously drilling for oil in the United States had been idled over the previous week. Continental Resources, one of the largest drillers in North Dakota's Bakken shale, promised late last year it would cut the number of rigs it employs by 30 percent by the end of the...

  • The sudden slump in the tank car market has more to do with narrowing crude oil spreads and ample tank car supply from manufacturers such as Greenbrier and American Railcar Industries than with more than 50 percent dive in U.S. crude prices over the past seven months. The rates for cars, used to transport more than half of North Dakota's crude, are at their lowest in...

  • WASHINGTON, Jan 29- Republicans in the U.S. Senate made good on a pledge to pass the long-pending Keystone XL oil pipeline on Thursday, a measure the White House said President Barack Obama would veto. Approving Keystone has been the top priority of Republicans in the new Congress after they won control of the Senate in November. While the project would create...

  • WASHINGTON, Jan 29- The U.S. Senate will likely pass a bill approving the long-pending Keystone XL oil pipeline on Thursday, a measure the White House said President Barack Obama would veto. Republicans have made approving Keystone their top priority of the new Congress after winning control of the Senate in November. The Senate will vote after 2:30 p.m. EST on...

  • HOUSTON/ WILLISTON, N.D., Jan 29- ConocoPhillips and Occidental Petroleum Corp on Thursday slashed exploration spending plans for this year, as the third- and fourth-largest U.S. oil companies attempt to cope with a steep slide in crude prices. The cuts follow similar steps by rival Hess Corp earlier this week while Royal Dutch Shell, Europe's largest oil company,...

  • WASHINGTON, Jan 29- The U.S. Senate will likely pass a bill approving the long-pending Keystone XL oil pipeline on Thursday, a measure the White House has said President Barack Obama would veto. Republicans have made approving Keystone their top priority of the new Congress after winning control of the Senate in November's elections, but they are four votes shy...