BNSF Railway plans to buy its own fleet of up to 5,000 new crude oil tank cars with safety features that exceed the latest industry standards.» Read More
NEW YORK, Oct 15- Oil production in North Dakota, home to the prolific Bakken formation, could hit 1 million barrels per day as early as at the end of this year, the head of the state's Mineral Resources Department said on Tuesday.
NEW YORK, Oct 15- Oil production from North Dakota, home to the prolific Bakken formation, could hit 1 million barrels per day as early as at the end of this year, the head of the state's Mineral Resources Department said on Tuesday. Data issued on Tuesday showed production in the state exceeded 900,000 bpd in August, a new all-time high.
NEW YORK, Oct 14- Tesoro Logistics LP does not have a specific date for the restart of the North Dakota pipeline that spilled 20,600 barrels of Bakken oil onto farmland in late September, the company said on Monday.
WASHINGTON, Oct 12- President Barack Obama pressured Republican lawmakers on Saturday to agree to raise the U.S. debt ceiling for longer than they would prefer, as their fiscal impasse dragged into the weekend with five days left to find a deal. Republicans want a commitment to broader deficit-reduction talks from the White House.
*Tesoro leads energy stocks after EPA change. The Senate is expected to vote over the weekend on extending the federal borrowing limit through January 2015. "People don't want to be short going into a weekend, especially if a deal does get done," said Dennis Dick, proprietary trader at Bright Trading LLC in Las Vegas.
NEW YORK, Oct 11- Initial investigations following a 20,600- barrel leak on Tesoro Logistics LP pipeline in North Dakota point to corrosion on the 20- year-old pipeline, state regulators said on Friday. It is the biggest oil leak on U.S. land since March, when an Exxon Mobil pipeline spilled 5,000 to 7,000 barrels of heavy Canadian crude in Mayflower, Arkansas.
Oct 11- Initial investigation suggests pipeline corrosion led to a 20,600 barrel oil leak from a Tesoro Logistics LP pipeline in North Dakota, the state Public Service Commission said on Friday.
*Obama meets with Senate Republicans at White House. *JP Morgan, Wells Fargo slip after posting earnings. NEW YORK, Oct 11- U.S. stocks edged up in choppy trading on Friday following the biggest rally in more than nine months as both sides in Washington worked for a solution to a possible U.S. default and an end to a partial government shutdown.
TIOGA, North Dakota/ NEW YORK, Oct 10- A Tesoro Logistics LP pipeline has spilled more than 20,000 barrels of crude oil into a North Dakota wheat field, the biggest leak in the state since it became a major U.S. producer. Farmer Steven Jensen discovered the leak on Sept. 29 while harvesting wheat on his 1,800- acre farm, about nine miles northeast of Tioga, North Dakota.
*Regency Energy to buy PVR Partners for $3.8 bln. Oct 10- Pipeline operators Regency Energy Partners LP and Crestwood Midstream Partners LP both announced plans to buy peers to expand their pipe networks, as infrastructure companies seek bigger stakes in the U.S. shale oil and gas boom.
Oct 10- Pipeline operator Crestwood Midstream Partners LP said it would buy Arrow Midstream Holdings LLC for about $750 million, making it one of the largest pipeline and storage providers in North Dakota's fast-growing Bakken shale field. The state's production exceeds that of countries such as Britain and OPEC member Ecuador.
WASHINGTON, Oct 9- Janet Yellen appears set to win U.S. Senate confirmation as the first female Federal Reserve chair given unified support from Democrats, who will only need to pick up a few Republican votes to secure her confirmation.
WASHINGTON, Oct 5- Saying the U.S. government shutdown was having a "heartbreaking" impact on ordinary Americans, President Barack Obama on Saturday renewed his call on congressional Republicans to end the five-day stalemate and pass a funding bill without conditions.
Other states have made similar moves on fracking, a process of fracturing rocks with high pressured chemically-laced water deep in the earth to draw out hydrocarbons, but California goes further with language on well "acidization," which dissolves rock to make room for oil to flow.
CALGARY, Alberta, Oct 2- The southern portion of TransCanada Corp's Keystone XL oil pipeline is 95 percent complete and the company is focused starting the line by the end of 2013, a TransCanada spokesman said on Wednesday.
CALGARY, Alberta, Oct 2- The southern portion of TransCanada Corp's Keystone XL oil pipeline is 95 percent complete and the company is focused on the line starting by the end of 2013, a TransCanada spokesman said on Wednesday.
LONDON, Oct 1- Giant sedimentary basins underneath the United States have the capacity to store 500 years' worth of the country's energy-related carbon dioxide emissions, and the biggest are located in the traditional petroleum producing states along the Gulf Coast, according to U.S. government scientists.
*China to overtake U.S. as world's biggest oil importer in Oct. LONDON, Sept 30- The U.S. government may want to consider the pros and cons of exporting oil from its vast Strategic Petroleum Reserve if there is a global supply emergency, a senior U.S. energy official said on Monday.
ANCHORAGE, Alaska, Sept 23- New regulations to oversee hydraulic fracturing of oil and gas wells in Alaska could be issued later this year by state regulators, officials said at a public hearing on Monday.
WASHINGTON, Sept 19- The Republican-run U.S. House of Representatives voted to cut spending on food stamps for the poor by $40 billion over 10 years on Thursday, defying a veto threat from the White House in the name of fiscal reform.