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North Dakota

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  • Company plans $4B plastic factory in North Dakota Monday, 13 Oct 2014 | 1:26 PM ET

    BISMARCK, N.D.— A $4 billion factory is planned in North Dakota that will convert natural gas liquids into plastic, company and state officials said. William Gilliam, the chief executive officer of Badlands NGL LLC, Gov. John Hoeven announced the project Monday at the state Capitol in Bismarck.

  • Why drop in oil prices has downside for US economy Monday, 13 Oct 2014 | 1:22 PM ET

    NEW YORK— If you're a driver, a shipper or an airline, low oil prices sure feel nice. "Initially, will provide a boost to an economy that already has some momentum," says Diane Swonk, chief economist at Mesirow Financial. Drilling in areas of North Dakota and Texas, for example, produces only a slight output per day.

  • Refinery switching to newer rail cars for crude Saturday, 11 Oct 2014 | 7:15 PM ET

    BELLINGHAM, Wash.— A refinery in northwest Washington state says it will no longer accept any volatile North Dakota crude oil unless it arrives on newer-model tank cars. By the first week of October, the BP Cherry Point facility had stopped using pre-2011 standard tank cars, known as DOT-111 cars, for the shipments, The Bellingham Herald reported.

  • US rig count up 8 to 1,930 Friday, 10 Oct 2014 | 1:56 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 1,930.. Of the major oil- and gas-producing states, New Mexico gained three rigs, Ohio, West Virginia and Wyoming each increased by two and Kansas, Texas and Utah each gained one. North Dakota lost seven rigs,...

  • Pipeline leaks brine in Lake Sakakawea tributary Friday, 10 Oct 2014 | 10:22 AM ET

    BISMARCK, N.D.— A saltwater spill estimated at 42,000 gallons flowed into a tributary of a Missouri River reservoir in western North Dakota, damaging vegetation in its path but not threatening drinking water sources, a state health official said. Houston- based Oasis Petroleum Inc. reported the spill Wednesday, Roberts said. Some of the wastewater was cleaned up...

  • Oct 9- Thursday marked the end of the epic nine-week divorce trial of Oklahoma's richest man, oil magnate and Continental Resources Chief Executive Harold Hamm. During the proceedings, lawyers for Harold Hamm and his wife of 26 years, Sue Ann Hamm, presented starkly different views of how much wealth should be divided by the court. Such a multibillion-dollar...

  • SAN FRANCISCO, Oct 9- California environmentalists on Thursday filed a lawsuit against the Kern County Board of Supervisors for its approval last month of a major oil-by-rail project in the state, saying the county failed to disclose the risks of the project to the public. But groups behind the lawsuit, including the Sierra Club and the Center for Biological...

  • Oct 9- Global news organization Reuters has asked an Oklahoma court to open courtroom proceedings to the public and unseal trial transcripts of the two-month-long divorce trial of billionaire oilman Harold Hamm and his wife, Sue Ann Hamm. Haralson cited concerns that private business information that might be discussed in the divorce case would harm Hamm's...

  • After the financial crisis of 2007-2009, a number of ailing U.S. refineries were sold to investors such as Carlyle Group and Delta Air Lines Inc, which lacked the credit agreements or oil trading expertise to efficiently supply their new plants. On Tuesday, Philadelphia Energy Solutions LLC, the biggest refinery on the East Coast, became the latest to join the...

  • WILLISTON, N.D., Oct 8- Desperate for a fresh start, unemployed workers from all over the world have converged on North Dakota's burgeoning oil patch, seeking six-figure salaries and the rewards of living in the fastest-growing economy in the nation. "The Overnighters" tracks the men, and a handful of women, whose dreams of wealth and redemption from past mistakes...

  • SINGAPORE Oct 8- U.S. crude futures fell towards $88 a barrel on Wednesday, dropping for a second day following larger-than-expected crude inventories, weaker economic growth forecasts and lower oil demand projections. *U.S. crude for November delivery was down 28 cents at $88.57 a barrel by 0039 GMT after falling by $1.49 in the previous session.

  • They say a long-anticipated fundamental shift in the market may now be under way, ending a four-year stretch when $100- plus prices were the norm, and opening a new era in which OPEC restraint once again becomes paramount. Even output in trouble spots like Libya and Iraq is rising after years of insurrection-led losses. Some analysts say it is too early to tell if...

  • The deal with Kuwait Foreign Petroleum Exploration Co helps Chevron reduce production risk and gives it more capital to increase drilling in Alberta's Duvernay shale formation, one of North America's largest shale deposits. Chevron's Canadian subsidiary has exploration leases for about 330,000 net acres in the Duvernay shale formation.

  • LONDON, Oct 2- In a milestone for the carbon capture and storage movement, SaskPower's Boundary Dam power plant began making pipeline deliveries of liquid carbon dioxide on Wednesday. Capture systems have already been deployed at three industrial plants in the United States that produce hydrogen and fertiliser, as well as at the Great Plains Synfuels Plant, a...

  • Oil traders say OPEC may be heading for price war Thursday, 2 Oct 2014 | 11:27 AM ET

    *Traders speculate OPEC price war looming. LONDON/ DUBAI, Oct 2- Saudi Arabia's decision to slash the official selling price for its oil has sparked trader talk of an emerging OPEC price cutting war, as members of the producer group could compete to defend their market share amid ample supplies and tepid demand. Benchmark Brent crude prices continued to slide...

  • TIOGA, N.D., Oct 1- North Dakota's oil producers will struggle to comply with aggressive rules taking effect on Wednesday designed to curb the wasteful burning of natural gas, hindered by lengthy federal reviews of crucial pipelines. Too few pipelines and a lack of plant capacity to prepare gas for transport means North Dakota flares enough natural gas in one...

  • *Republicans plan to force a vote if they win Senate. The $10 billion Keystone project to connect Canadian oil sands with U.S. refineries will top the list of Republican energy priorities if they gain control of the Senate after the Nov. 4 midterm elections.

  • Sept 29- Civeo Corp, the provider of oilfield accommodation services recently spun off by Oil States International Inc, surprised Wall Street on Monday by saying it would not convert to a real estate investment trust and would instead relocate to Canada for tax purposes.

  • Lawmakers in U.S. oil heartland soften over export ban Thursday, 25 Sep 2014 | 1:00 AM ET

    NEW YORK, Sept 25- In the oil drilling and refining heartland of Texas, the debate over U.S. crude exports is no longer a fight over whether a 40- year ban should be lifted.

  • Other companies likely to receive approval are HeliVideo Productions LLC, Aerial MOB LLC, Pictorvision Inc, RC Pro Productions Consulting LLC, Astraeus Aerial and Snaproll Media LLC.