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  • HOUSTON, May 22- Hundreds of barrels of oil that gushed from a ruptured coastal pipeline in scenic California this week could stiffen opposition to large oil projects that companies want to build in the state, notably those to deliver cheap U.S. crude on trains. A leak of 100,000 barrels of crude off Santa Barbara in 1969 led to bans on new leases for offshore...

  • The oil pipeline leak that fouled a stretch of California coastline this week reflects a troubling trend in the nation's infrastructure: As U.S. oil production has soared, so has the number of pipeline accidents. "Tick, tick, tick," said Robert Bea, a professor emeritus in civil engineering at the University of California, Berkeley. Since 1995, there have been more...

  • May 22- A small offshore oil platform caught fire in shallow water near the coast of Louisiana on Friday and a sheen was seen in the sea after workers were evacuated, officials said. All 28 workers aboard were taken from the platform, located about 20 miles east of the boot tip of Louisiana, onto a nearby supply vessel and taken ashore. It was unclear how much oil had...

  • Overall, U.S. drillers reduced the number of active rigs by just one this week, oil services company Baker Hughes Inc said. In the latest week, drillers added three oil rigs in the Niobrara basin in Wyoming and Colorado and two in the Eagle Ford in South Texas, according to the closely followed report. The Permian basin in western Texas and eastern New Mexico, the...

  • LOS ANGELES, May 22- Owners of the oil pipeline that ruptured in California this week must take numerous corrective measures, including an in-depth analysis of factors contributing to the spill, before they can restart the line, federal safety officials said on Friday. The corrective action order issued on Thursday by the U.S. Transportation Department's...

  • HAMPTON, N.H./ WASHINGTON, May 22- Hillary Clinton on Friday voiced strong support for keeping the U.S. Export-Import Bank open and accused Republican opponents who want to close the export-promoting lender of putting American jobs at risk. Some of the bank's biggest beneficiaries, including General Electric Co and Boeing Co, say closing Ex-Im will lead to the...

  • NEW YORK, May 22- Oil fell more than 1 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices. Drillers cut the number of U.S. oil rigs in operation by just one this week, the strongest sign yet that a nearly six-month slump in activity was ending, data from oil services firm Baker Hughes...

  • US oil and natural gas rig count drops by 3 to 885 Friday, 22 May 2015 | 1:22 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 885.. Among major oil- and gas-producing states, Louisiana lost four rigs, West Virginia declined by three and Kansas, North Dakota and Ohio each lost one. Alaska, California, Colorado, Texas, Utah and Wyoming were all...

  • LOS ANGELES— Richard Martinez thinks of his son every day, and with those thoughts come the constant reminder of a young life cut tragically short by a troubled man with a gun. Martinez had just gotten off the phone with his son, Christopher Michaels-Martinez, on the night of May 23, 2014, when the sophomore English major at the University of California, Santa...

  • LONDON, May 22- U.S. Steel Corp said it is close to filing several anti-dumping complaints with U.S. authorities, adding it is still having to consider idling more plants because of difficult market conditions. The Pittsburgh- based company has idled plants in Indiana, Illinois, Alabama, Texas, Ohio and Arkansas this year. It's no longer a matter of if we're going to...

  • HAMPTON, N.H.— Democratic presidential contender Hillary Rodham Clinton said Friday she sees "no role whatsoever" for U.S. ground forces in Iraq despite setbacks in the struggle against Islamic State militants. She addressed the matter after visiting Smuttynose Brewery, where she spoke in defense of the Export-Import Bank, a little-known U.S. agency that...

  • Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. Coast Guard said. Fire-fighting crews worked to contain the fire on Friday near Breton Island, 50 miles offshore New Orleans, the Coast Guard said. It was unclear what caused the incident or how much oil leaked into the ocean, but the Coast Guard said it has...

  • *Coming up: Baker Hughes rig count at 1700 GMT. NEW YORK, May 22- Oil fell more than 1 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices. U.S. crude was down 95 cents at $59.77 a barrel by 11:45 a.m. EDT.

  • AUSTIN, Texas— The Texas unemployment rate for April held steady at 4.2 percent, the Texas Workforce Commission reported Friday. Texas had seven straight months of jobless rate declines through March. Texas added an estimated 287,000 seasonally adjusted jobs over the past year, according to the commission.

  • HOUSTON— Vanguard Natural Resources LLC will acquire Eagle Rock Energy Partners LP in a $474 million deal. Vanguard Natural Resources will also assume $140 million of debt from Eagle Rock Energy Partners, which will become a wholly-owned indirect subsidiary. The company has operations in Texas, Wyoming, Arkansas, Oklahoma, New Mexico, Montana, Colorado,...

  • US regulators order pipeline testing after spill Friday, 22 May 2015 | 4:05 AM ET

    GOLETA, Calif.— The operator of an oil pipeline that broke and spilled thousands of gallons of crude across a scenic California shoreline says it could take weeks or even months before investigators find what caused the disaster. Bad weather slowed cleanup efforts early Friday at the spill site in Santa Barbara County, where gusty winds whipped up waves as high...

  • WASHINGTON, May 22- There were no fancy economic models or forecasts when former Florida Governor Jeb Bush first tossed out the idea that 4 percent annual growth should be the overarching goal for the U.S. economy. But what started as a casual suggestion during a 2010 conference call with advisers to the George W. Bush Institute, a public policy center in Dallas, has...

  • WASHINGTON— The Senate struggled to reach agreement Friday on how to change the way the National Security Agency handles American calling records, setting the stage for a halt to the collection program and two less-controversial surveillance programs designed to track spies and terrorists. With the House already gone for a 10- day Memorial Day break, the...

  • SANTA BARBARA, May 21- Cleanup crews labored through a third day to scoop up patches of crude oil from a pipeline spill that closed two California state beaches and fouled offshore waters, shattering an environmental balance that U.S. Coast Guard officials said on Thursday may take months to restore. Up to 2,500 barrels of petroleum, according to latest...

  • House lawmaker issues subpoena to Fed in leak probe Thursday, 21 May 2015 | 6:40 PM ET

    Jeb Hensarling, the Texas Republican who heads the House Financial Services Committee, announced Thursday he had issued a subpoena to the Fed. The Fed inspector general, which is an independent watchdog, and the Justice Department have been investigating the matter. Fed Chair Janet Yellen disclosed earlier this month that she met once in 2012 with Regina...