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North Dakota

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  • NEW YORK/ HOUSTON, Oct 11- Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world's top oil consumer upends global energy flows.

  • "We have applied to the Department of Commerce to export domestic U.S. crude oil," Shell spokeswoman Kayla Macke told Reuters, adding that as a global commodity, imports and exports would follow supply and demand.

  • ,operator of the largest independent fleet of for-hire oil trucks in the United States, said on Thursday it has agreed to buy OMNI Energy Services Inc for $445 million to boost the size of its U.S. oilfield production and environmental services business.

  • ND corn, bean crops expected to be record size Thursday, 11 Oct 2012 | 10:32 AM ET

    FARGO, N.D.-- North Dakota's corn and soybean crops are expected to be record size. The Agriculture Department in its latest forecast pegs the North Dakota corn crop at 390 million bushels, up 16 percent from September and up 80 percent from last year. Flooding in 2011 hurt many North Dakota crops, leading to sizable increases this year.

  • Nearly one-third of SD now in exceptional drought Thursday, 11 Oct 2012 | 10:31 AM ET

    SIOUX FALLS, S.D.-- Nearly one-third of South Dakota is now in the grips of exceptional drought, up from a little more than one-fourth of the state last week. Drought Monitor map shows that all of South Dakota and North Dakota remain in some category of drought. Exceptional drought, the worst, and extreme drought cover most of the southern half of South Dakota.

  • ND tribe plans refinery construction in spring Thursday, 11 Oct 2012 | 10:07 AM ET

    BISMARCK, N.D.-- The chairman of the Three Affiliated Tribes says construction should start next spring on a $400 million oil refinery in North Dakota. It would be the first one built in the United States in more than 30 years. The U.S. Interior Department has agreed to put the refinery land into trust for the tribe's benefit.

  • ND tribe to get control of land for oil refinery Thursday, 11 Oct 2012 | 8:58 AM ET

    NEW TOWN, N.D.-- North Dakota's Three Affiliated Tribes will be getting control of land for construction of a proposed new oil refinery, U.S. Salazar's decision, announced during a news conference at the tribe's headquarters in New Town, means the tribe may begin construction of the $400 million refinery next spring, tribal Chairman Tex Hall said.

  • Tax break meant to spur new refinery construction Thursday, 11 Oct 2012 | 8:51 AM ET

    BISMARCK, N.D.-- A tax break for oil that's processed in North Dakota would help make new refineries profitable and would pay for itself though increased economic growth, a developer told state lawmakers Wednesday.

  • Highlights from the Fed's US economic survey Wednesday, 10 Oct 2012 | 4:56 PM ET

    WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.

  • LONDON, Oct 10- The shale boom has left some of the most sophisticated refineries in the United States hunting across Europe and Africa for more of the heavy residue left over from other refiners' crude distillation units, as they try to find a use for all the expensive coking units built in the last decade.

  • Fargo company finishes $22 million expansion Tuesday, 9 Oct 2012 | 4:44 PM ET

    FARGO, N.D.-- John Deere Electronic Solutions in Fargo has completed work on a $22 million expansion. The company was established in 1987 as Phoenix International. The 90,000- square-foot expansion gives the company more than 300,000 square feet in Fargo, where it employs more than 900 people.

  • Rain, snow slow fieldwork in ND, replenish topsoil Tuesday, 9 Oct 2012 | 4:33 PM ET

    FARGO, N.D.-- Rain and snow that moved into North Dakota last week slowed fieldwork but has also replenished topsoil moisture in many areas. The U.S. Agriculture Department says in its weekly crop, livestock and weather report that harvest of the state's late season crops was already seeing good progress before the moisture moved in.

  • Oct 9- Continental Resources Inc, the top oil producer in the Bakken oil region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.

  • Study of ND upkeep costs to include bridges Tuesday, 9 Oct 2012 | 11:02 AM ET

    BISMARCK, N.D.-- A recent study of the cost of maintaining North Dakota's county and township roads is being expanded to include bridges. The Upper Great Plains Transportation Institute at North Dakota State University did the study at the Legislature's request.

  • Panel says ND tribe deserves greater tax share Tuesday, 9 Oct 2012 | 11:01 AM ET

    BISMARCK, N.D.-- Some North Dakota lawmakers say the Three Affiliated Tribes deserves a greater share of the taxes collected from reservation oil production. The Legislature's Tribal and State Relations Committee reviewed the idea. He says the panel didn't approve the 80 percent split, but he's expecting the Legislature will see the proposal next year.

  • Ahead of the Bell: Continental Resources 5-yr plan Tuesday, 9 Oct 2012 | 9:16 AM ET

    The company is one of the largest leaseholders in the Bakken shale region in North Dakota and Montana. Analyst Subash Chandra of Jefferies& Co. said that Continental's plan implies a cost of more than $11,000 per well. Shares of Continental Resources Inc. fell $1.01 to $75.50 in premarket trading.

  • MARKET PULSE-Alcoa, Eli Lilly, Edwards Lifesciences Tuesday, 9 Oct 2012 | 7:34 AM ET

    **ALCOA INC, Monday close $9.12, up 0.5 pct post-market. **YUM BRANDS, Monday close $66.94,. **CHEVRON CORP, Monday close $117.62.

  • FED FOCUS-How a Fed inflation hawk changed his mind Tuesday, 9 Oct 2012 | 7:20 AM ET

    CHICAGO, Oct 9- Narayana Kocherlakota surprised economists around the world last month when he called on the U.S. central bank to hold interest rates near zero, possibly for several years to come.

  • Continental targets big savings in Bakken by end-2013 Tuesday, 9 Oct 2012 | 12:16 AM ET

    Oct 9- Continental Resources Inc, the top oil producer in the Bakken region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.

  • Continental Resources unveils 5-year growth plan Monday, 8 Oct 2012 | 5:43 PM ET

    OKLAHOMA CITY-- Continental Resources Inc. said Monday that it plans to triple production and proved reserves of oil and natural gas liquids in the next five years on its leased properties in the U.S.