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Natural gas conversion company wants to dissolve

AUGUSTA, Maine (AP) — A Maine natural gas company that faced a $250,000 fine this year following a potentially “catastrophic” gas leak is asking the state to dissolve an affiliate. On Friday, Summit Natural Gas of Maine asked the state Public Utilities Commission to dissolve Natural Gas Conversion Company, which launched in 2014 to help Mainers convert home heating systems ...

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Fracking Enters U.S. Presidential Race as an Independent

fracking for president

Today, in a dramatic announcement, Fracking launched an independent bid for the presidency. The announcement was made in a 60 second ad on social media.  Americans across the country viewed the video on mobile devices and computers – all made possible by the candidate’s work. Fracking – who was born near Hugoton, Kan., in 1947 – has been praised by ...

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Energy company BP says 2Q earnings fell 45 percent

BP Q2 earnings

LONDON (AP) — BP’s second-quarter earnings fell 45 percent as lower oil prices hit the British energy company. Underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, fell to $720 million from $1.3 billion in the same quarter a year earlier, the company said in a statement released Tuesday. BP’s net loss narrowed to ...

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AP Newsbreak: US oil, gas applications could drop 40 percent

BILLINGS, Mont. (AP) — U.S. officials say applications to drill for oil and gas on federal and Indian lands are expected to decrease 40 percent in coming years versus their historical average. The projection comes as cheap prices have curtailed domestic energy exploration, driving down state and federal revenue. The U.S. Bureau of Land Management on Thursday will announce a ...

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Standing Rock Sioux sues Corps over oil pipeline permits

Dakota Access pipeline

BISMARCK, N.D. (AP) — The Standing Rock Sioux Tribe is suing federal regulators for approving permits for a $3.8 billion pipeline that will move oil from North Dakota to Illinois. Tribal officials filed the lawsuit Wednesday against the U.S. Army Corps of Engineers. The Corps issued permits for the project on Tuesday. The Standing Rock tribe opposes the Dakota Access ...

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European development bank considers funding Trans Adriatic Pipeline

European pipeline, Trans Adriatic pipeline

TIRANA, Albania (AP) — The European Bank for Reconstruction and Development is looking to support financially the development of the Trans Adriatic Pipeline, which plans to bring gas across the Balkans and on to Italy. President Suma Chakrabarti told Albanian Prime Minister Edi Rama during a visit Tuesday that the pipeline project was of great interest as it would help ...

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US rig count up 15 last week to 462

Baker Hughes, rig count

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 15 last week to 462. A year ago, 876 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 371 rigs sought oil and 88 explored for natural gas last week. ...

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Vermont Gas pipeline hearing to be live streamed, press ok

The Minnesota Supreme Court has given a victory to opponents of the proposed Sandpiper oil pipeline

MONTPELIER, Vt. (AP) — The Vermont Public Service Board says it will live-stream a hearing next month on Vermont Gas Systems’ pipeline project and allow members of the press to attend. Earlier this week the board announced that the Aug. 4 hearing wouldn’t take place in front of the public. The hearing is for legal arguments on whether regulators should ...

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Exxon Mobil to buy InterOil for $2.5 billion

Exxon Mobil

DALLAS (AP) — Exxon Mobil Corp. emerged Thursday as the winning bidder for InterOil Corp., which has natural gas holdings in Papua New Guinea. Exxon said it will pay $2.5 billion for InterOil in a deal that will complement its large liquefied natural gas facility in the country. Exxon hopes to capitalize on growing demand for cleaner fuels in Asia. ...

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Feds order Spectra to conduct tests on pipelines after blast

Spectra Energy pipeline explosion

GREENSBURG, Pa (AP) — A federal agency has ordered a natural gas pipeline company to conduct additional assessments on three lines buried in western Pennsylvania, including one that has corrosion similar to a fourth line that blew up in April, scorching some 40 acres. The Pipeline & Hazardous Materials Safety Administration says the other lines in Salem Township, Westmoreland County ...

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