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  • NEW YORK, March 4- The United States produced a record 25.7 trillion cubic feet of natural gas in 2014 according to preliminary estimates published by the Energy Information Administration on Feb 27. Gas production has risen 27 percent since 2008 even though the number of rigs employed drilling for gas has declined by more than 80 percent over the same period.

  • Senate fails to override Obama's veto of pipeline bill Wednesday, 4 Mar 2015 | 2:47 PM ET

    WASHINGTON— The Senate on Wednesday failed to override President Barack Obama's veto of a bill to construct the Keystone XL pipeline, the first of many confrontations between the Republican-controlled Congress and the White House this year over energy policy. Already, the White House has issued more than a dozen veto threats on legislation.

  • ALBANY, N.Y.— New York Sen. Charles Schumer is asking federal regulators to set a strict standard for the volatility of crude oil shipped by rail to help reduce destruction from accidents like a fiery derailment in West Virginia last month. Schumer says Wednesday he's particularly concerned about oil from the Bakken Shale formation in North Dakota and Montana...

  • ORLANDO, Fla.— As Florida's housing market tanked seven years ago, construction worker David Rager saw jobs dry up. In a recent survey of more than 900 contractors by Associated General Contractors of America, 83 percent said they were having trouble filling craft positions. Given the amount of building going on, "it's going to be interesting because we're going to...

  • House Roll Call: Approving 1-week DHS funding bill Friday, 27 Feb 2015 | 10:25 PM ET

    The 357-60 roll call Friday by which the House approved a bill to fund the Homeland Security Department for one week. The bill goes to President Barack Obama for his signature. Republicans— Aderholt, X; Brooks, N; Byrne, Y; Palmer, N; Roby, Y; Rogers, Y.

  • US rig count decreases 43 to 1,267 Friday, 27 Feb 2015 | 2:49 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 43 this week to 1,267 amid depressed oil prices. Of the major oil- and gas-producing states, North Dakota's count fell by 11, Oklahoma lost nine, Louisiana seven, Texas six, New Mexico four, Colorado three and Wyoming two.

  • LONDON, Feb 27- U.S. refineries are processing record quantities of heavy crude from Canada as the perfect complement to light oils from North Dakota and Texas as they struggle to keep their average blend steady. Bakken and Eagle Ford are light, sweet oils, while Saudi Arabia's Arab Heavy and Alberta's Western Canadian Select are much heavier and sourer.

  • *China's implied oil demand set to grow 3 percent this year. *Statoil shuts Statfjord C platform in North Sea. At 0955 GMT, Brent crude futures were up $1.50 at $61.54 a barrel, while U.S. crude was up $1.23 at $49.40 a barrel.

  • On Feb. 5, the Transportation Department sent the White House draft rules that would require oil trains to use stronger tank cars and make other safety improvements. The most serious killed 47 people and destroyed the town center of Lac Megantic in Quebec, Canada, just across the border from Maine, in 2013.. But among them are a stronger tank car design that includes...

  • *Statoil shuts Statfjord C platform in North Sea. SINGAPORE, Feb 27- Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in the North Sea and renewed fears of gas supply disruption in Europe supported prices. Norwegian energy firm Statoil has shut its Statfjord C platform in the North Sea after...

  • Brent approaches $61, set to end 7-month losing streak Thursday, 26 Feb 2015 | 9:24 PM ET

    *Statoil shuts Statfjord C platform in North Sea. SINGAPORE, Feb 27- Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices. Norwegian energy firm Statoil has shut its Statfjord C platform in the North Sea after...

  • WILLISTON, N.D., Feb 25- Senator Heidi Heitkamp of North Dakota will re-introduce legislation on Thursday designed to encourage the development of clean coal technologies that could keep the fuel a key source of American power generation. The bill, which is likely to be popular in the Republican-controlled U.S. Senate but face opposition from the White House,...

  • ADM cuts biodiesel output as industry hit by weak margins Wednesday, 25 Feb 2015 | 1:23 PM ET

    WINNIPEG/ NEW YORK, Feb 25- Archer Daniels Midland, one of the world's top biofuels producers, has slowed North American biodiesel output, the latest sign the industry is battling uncertainty over U.S. renewable fuel policy while the oil rout curbs demand. The Chicago- based agri business has "temporarily" shifted production at its Velva, North Dakota, oilseeds...

  • COLUMN-Bakken oil drillers retreat to the core: Kemp Wednesday, 25 Feb 2015 | 11:15 AM ET

    LONDON, Feb 25- North Dakota's oil producers have pulled back to the core areas of the Bakken formation to cut costs and maximise output amid the slump in prices. The number of active rigs in the state has fallen to just 121, from 190 a year ago, according to an active rig list published by the state's Department of Mineral Resources on Wednesday.

  • WILLISTON, N.D., Feb 24- Continental Resources Inc posted a fourth-quarter profit well above Wall Street's expectations on Tuesday, as a one-time gain from the sale of crude hedges helped offset tumbling oil prices. Continental reported net income of $114 million, or 31 cents per share, compared with $132.8 million, or 36 cents per share, in the year-ago period.

  • NEW YORK, Feb 24- A CSX Corp rail line in West Virginia remained shut following an explosive oil train derailment on Feb. 16 that damaged the roadbed and tracks, though the type of work required to return the line to service could be completed "in days," a CSX spokeswoman said Tuesday. CSX has rerouted trains carrying oil on the line that runs from North Dakota to an oil...

  • State-by-state breakdown of used cars with open recalls Tuesday, 24 Feb 2015 | 12:18 PM ET

    Carfax, a company that sells vehicle history reports to dealers and car buyers, searched recalls and state registration databases and found that more than 46 million cars are on U.S. roads with recalled parts that have yet to be repaired. Here is a state-by-state breakdown of cars with unfixed recalls in 2014:. Source: Study of 2014 state registration data by...

  • WASHINGTON— Defying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency. Instead, Obama sought to reassert his authority to make the decision himself, rebuffing GOP lawmakers who will control both the House and...

  • SEATTLE— A Skagit County hearing examiner handed conservation groups a victory Monday, ruling that an oil-by-rail project at the Shell Puget Sound Refinery near Anacortes should undergo a full environmental review. In 2013, Shell sought a development permit from Skagit County to build a rail spur from existing railroad tracks to handle oil brought in by...

  • Capitol Hill Buzz: Sen. Hatch prepping health plan Monday, 23 Feb 2015 | 2:49 PM ET

    WASHINGTON— Senate Finance Committee Chairman Orrin Hatch is backing a Supreme Court challenge to one of the keystones of President Barack Obama's health care law. The Supreme Court is scheduled to hear arguments next week in a case by conservatives and Republicans that says many subsidies the law provides for millions of people are unconstitutional.