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Top News & Analysis North Dakota

  • Jan 13- North Dakota Governor Doug Burgum, who took office last month in the height of tensions surrounding the Dakota Access Pipeline, said he believed the line would eventually be built and asked opponents to clean their protest camp before spring floodwaters create a potential ecological disaster. Burgum told Reuters that approval of the pipeline...

  • NEW YORK, Jan 12- U.S. East Coast refiners are in the midst of their biggest buying spree of Algerian crude in years as they take advantage of cheap oil spilling out of the region, traders said on Thursday. The surge also comes as U.S. East Coast refiners have all-but abandoned domestic crude via rail out of North Dakota in favor of waterborne imports following the...

  • NEW YORK, Jan 12- Is your money vice too many movies? For Barak Kassar, a 50- year-old businessman in San Francisco, it was Uber that broke the bank in 2016. For Lyn Alden, a 29- year-old financial analyst based in Atlantic City, New Jersey, it was Chipotle, where she had spent more than $1,000 in a year.

  • *Existing line already faces challenges in Michigan. CALGARY, Alberta, Jan 11- Enbridge Inc may be set for a bruising legal battle in Wisconsin after a Native American tribe voted against renewing land use agreements on a major crude oil pipeline, potentially shutting down a conduit that has been in operation since the 1950 s, legal experts said.

  • "This opportunity is unique, maybe once in a lifetime," said Jack Gerard, president of the Washington D.C.- based American Petroleum Institute lobby group, referring to prospects for increased access to federal leases. "It would only take one serious mistake- one well to go bad- for our town's water supply to be damaged," said Josh Ewing, the leader of a southern Utah...

  • Jan 10- Wells Fargo& Co has unveiled a new compensation structure for branch bankers as it tries to recover from a scandal driven by aggressive sales targets that slammed its share price and led to the resignation of Chief Executive John Stumpf. The new plan creates incentives based on customer service rather than sales goals, is longer-term in nature and...

  • CALGARY, Alberta, Jan 9- A Native American tribe in Wisconsin has voted against renewing agreements allowing Enbridge Inc to use their land for a major crude oil pipeline, the latest sign of increasing opposition to North American energy infrastructure. "We are surprised to learn of the Bad River Band's decision not to renew individual easements within the...

  • Jan 5- A rise in technology stocks helped the Nasdaq eke out small gains on Thursday but was not enough to pull the S&P 500 and the Dow into the black as banks stocks weighed. U.S. stocks rallied for nearly two months since Donald Trump's victory in the presidential election in November, taking the Dow tantalizingly close to the historic 20,000 mark.

  • Jan 4- Big U.S. banks are set on getting Congress this year to loosen or eliminate the Volcker rule against using depositors' funds for speculative bets on the bank's own account, a test case of whether Wall Street can flex its muscle in Washington again. In interviews over the past several weeks, half a dozen industry lobbyists said they began meeting with...

  • Member of the Dine Navajo from Shiprock, New Mexico, clears snow from his camp while winds whip across Oceti Sakowin Camp as blizzard conditions grip the area around the Standing Rock Sioux Reservation on December 6, 2016 outside Cannon Ball, North Dakota.

    The worst of the snow fell to the west of Minneapolis, where dozens of flights were delayed Monday at the city's airport, reports USA Today.

  • Dec 23- The U.S. Department of Justice has subpoenaed a high-profile whistleblower in its criminal investigation into Wells Fargo& Co's opening of accounts without customer permission. U.S. prosecutors in San Francisco have asked Wells Fargo banker Yesenia Guitron, who lost a private lawsuit against the fourth-largest lender, to testify before a grand jury...

  • Blackstone is discussing joining the deal with Jamie Welch, who previously served as chief financial officer of ETP parent Energy Transfer Equity LP. The deal is expected to be valued at about $5 billion or more, the Wall Street Journal, who first reported the proposed deals, said earlier on Thursday. The U.S. Army Corps of Engineers earlier this month rejected an...

  • Dec 22- Private-equity firm Blackstone Group LP is in talks to buy a stake in assets owned by Energy Transfer Partners LP, the company building the controversial Dakota Access pipeline, the Wall Street Journal reported. Blackstone is discussing joining the deal with Energy Transfer's former chief financial officer, Jamie Welch, the paper reported, citing...

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...

  • HOUSTON, Dec 21- U.S. pipeline regulators on Wednesday ordered Belle Fourche Pipeline Co to improve leak detection, along with other actions, after a Dec. 5 incident that spilled about 4,200 barrels of oil in North Dakota. The U.S. Pipeline and Hazardous Materials Safety Administration issued a corrective action order to Belle Fourche, which is owned by True Cos.

  • HOUSTON, Dec 21- U.S. pipeline regulators on Wednesday ordered Belle Fourche Pipeline Co to improve leak detection, along with other actions, after a Dec. 5 incident that spilled about 4,200 barrels of oil in North Dakota. The U.S. Pipeline and Hazardous Materials Safety Administration issued a corrective action order to Belle Fourche, which is owned by True Cos.

  • President Barack Obama on Tuesday banned new oil and gas drilling in federal waters in the Atlantic and Arctic Oceans, in a push to leave his stamp on the environment before Republican Donald Trump takes office next month. The ban affects 115 million acres of federal waters off Alaska in the Chukchi Sea and most of the Beaufort Sea and 3.8 million acres in the...

  • Dec 20- The Dow and Nasdaq Composite rose to record highs on Tuesday in a rally fueled by optimism about U.S. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and the S&P 500 gaining 6 percent on bets that Trump's plans for deregulation and infrastructure spending will boost the economy. "The market is focused on the Trump...

  • President Barack Obama on Tuesday permanently banned new oil and gas drilling in federal waters in the Atlantic and Arctic Oceans, in one of his last environmental pushes before he leaves office next month. The ban affects federal waters off Alaska in the Chukchi Sea and most of the Beaufort Sea and in the Atlantic from New England to Chesapeake Bay.

  • Dec 20- U.S. stocks rose on Tuesday with the Dow nearing 20,000, a level it has never breached, in a rally fueled by optimism about President-elect Donald Trump's policies. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the Dow up 9 percent and the S&P 500 gaining more than 6 percent on bets that Trump's plans for deregulation and...