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North Dakota

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  • LONDON, Feb 20- EOG Resources became the latest major shale producer to state that it would "delay a significant number of completions" when it announced fourth-quarter results. Continental Resources has also announced plans to go slow on well completions in response to the slump in oil prices. In North Dakota, there were an estimated 750 wells that had been...

  • WILLISTON, N.D., Feb 19- This week's oil train derailment and resulting explosion in West Virginia are likely to heighten scrutiny of new regulations pending in North Dakota, where the oil was produced, aimed at reducing the chance of such disasters. The cargo in Monday's accident was loaded onto a BNSF Railway Co locomotive at a facility owned by Plains All...

  • WASHINGTON, Feb 19- Federal investigators will examine whether pressurized gas played a role in the massive blast that followed the derailment of a train carrying crude oil through West Virginia this week, the U.S. Transportation Department said on Thursday. Questioning the possible role of gas vapors in the West Virginia fire broadens the debate over how to...

  • WASHINGTON, Feb 19- Federal investigators will examine whether pressurized gas played a role in the massive blast that followed the derailment of a train carrying crude oil through West Virginia this week, the U.S. Transportation Department said on Thursday. "We will measure vapor pressure in the tank cars that derailed in West Virginia," said department...

  • NEW YORK, Feb 19- CSX has notified state officials of its plans to bypass the scene of a crude train derailment and continue delivering oil to a terminal on the Virginia coast, emergency management officials from Virginia and West Virginia said Wednesday. Those shipments will use a combination of CSX and other railroads to reach eastern Virginia destinations, "...

  • NEW YORK, Feb 19- CSX has notified West Virginia officials of its plans to bypass the scene of a crude train derailment and continue deliveries to eastern Virginia, according to the West Virginia Division of Homeland Security and Emergency Management. A train carrying North Dakota crude to an oil depot in Yorktown, Virginia, derailed on Tuesday in a small town 33...

  • TransCanada to seek US approval for $600M Upland Pipeline Thursday, 19 Feb 2015 | 10:55 AM ET

    TransCanada Corp.' s proposed $600 million Upland Pipeline would begin near the northwestern North Dakota oil hub of Williston and go north into Canada about 200 miles. TransCanada hopes to have the Upland Pipeline operating in 2018, pending approval from the U.S. State Department, North Dakota's Public Service Commission and Canada's National Energy...

  • WILLISTON, N.D., Feb 19- One of the strongest leaders of the U.S. shale revolution has been humbled by plunging oil prices. On Thursday, the number of rigs drilling in North Dakota fell below 130 for the first time in years, a level the state's top official said is necessary to prevent output from falling. ConocoPhillips and Occidental Petroleum Corp, among many others,...

  • CLEAR LAKE, Iowa— Officials said Thursday that San Francisco- based McKesson Corp. would occupy a new 340,000- square-foot distribution center in Clear Lake, ending a nearly yearlong mystery about the company's identity. That ended with the announcement by Clear Lake Mayor Nelson Crabb, who revealed McKesson was the company, a day before its name would have...

  • WILLISTON, N.D., Feb 19- One of the strongest leaders of the U.S. shale revolution has been humbled by plunging oil prices. EOG Resources Inc slashed its 2015 budget on Wednesday amid cheap crude and said its output will not grow this year, mere months after confidently saying it was strong enough to weather the downturn without cutbacks. ConocoPhillips and...

  • Exxon subsidiary penalized for $1.3M in ND audit dispute Wednesday, 18 Feb 2015 | 5:34 PM ET

    BILLINGS, Mont.— A subsidiary of Exxon Mobil Corp. was hit with a $1.3 million civil penalty on Wednesday for failing to provide timely information needed for an audit of its federal oil and gas leases in North Dakota. The U.S. Department of Interior's Office of Natural Resources Revenue said Texas- based XTO Energy, Inc. did not fully comply with the 2013...

  • Fire smolders a 3rd day from W.Va. oil train derailment Wednesday, 18 Feb 2015 | 3:37 AM ET

    MOUNT CARBON, W.Va.— The fiery derailment of a train carrying crude oil in West Virginia is one of three in the past year involving tank cars that already meet a higher safety standard than what federal law requires— leading some to suggest even tougher requirements that industry representatives say would be prohibitively costly. Hundreds of families were...

  • WASHINGTON, Feb 17- A fiery oil train derailment in West Virginia this week exposes lax safety standards and strengthens the case for tougher U.S. rules governing such shipments, safety advocates said on Tuesday. A 109- car delivery of crude oil from North Dakota's Bakken energy patch derailed in West Virginia on Monday, setting at least nine cars ablaze.

  • Feb 17- A CSX Corp oil train that derailed and erupted in flames in West Virginia on Monday was hauling newer model tank cars, not the older versions widely criticized for being prone to puncture, the company said. The train, which was carrying North Dakota crude to an oil depot in Yorktown, Virginia, derailed in a small town 33 miles southeast of Charleston.

  • Feb 17- A CSX Corp oil train that derailed and erupted in flames in West Virginia on Monday was hauling newer model tank cars, not the older versions widely criticized for being prone to puncture, the firm said. The train, which was carrying North Dakota crude to an oil depot in Yorktown, Virginia, derailed in a small town 33 miles southeast of Charleston.

  • BECKLEY, W.Va., Feb 16- A CSX Corp train hauling North Dakota crude derailed in West Virginia on Monday, setting a number of cars ablaze, destroying a house and forcing the evacuation of two towns in the second significant oil-train incident in three days. One or two of the cars plunged into the Kanawha River, and "a couple are burning," said Robert Jelacic, night shift...

  • CSX SAYS TRAIN THAT DERAILED HELD 109 RAIL CARS TRAVELING FROM NORTH DAKOTA TO YORKTOWN, VIRGINIA.

  • LONDON, Feb 16- U.S. shale producers have responded even more quickly to lower oil prices than analysts expected, which should ensure shale production hits a plateau by May or June and is sustained rather than falling in the second half of the year. The number of rigs drilling for oil in the United States declined by another 84 last week, according to oil field...

  • 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.