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Oil & Gas

Defunct energy company to pay record penalty for environmental damage

May 14, 2014
The now-defunct Kerr-McGee Corporation, which was taken over by Anadarko Petroleum Corporation in 2006, will have to pay a record penalty of $5.15 billion under a settlement reached with the Department of Justice.
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Oil, gas spills increase in 2013

May 14, 2014
More than 7,600 oil spills and leaks were recorded in 2013 in the top 15 states for onshore oil and gas activities.
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Government report accuses federal agency of lax oversight of oil, gas wells

May 13, 2014
According to a new report by the Government Accountability Office, the U.S. Interior Department's Bureau of Land Management has neglected its duties in overseeing oil and gas wells.
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Fracking could pose threat to water utilities, report warns

May 12, 2014
Potential contamination, reduced water supplies and infrastructure and cost pressure due to fracking mean that water utilities could suffer severe credit deterioration.
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TransCanada CEO: Keystone XL delays may cost jobs in Canada

May 12, 2014
Jobs may be lost in Canada due to delays in the Obama administration's decision regarding construction of the Keystone XL pipeline, according to TransCanada's CEO.
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MarkWest to expand processing capacity in Marcellus Shale

May 9, 2014
The company said it will add two new new cryogenic processing plants at its Sherwood complex in Doddridge County, West Virginia and its Mobley Complex in Wetzel County, West Virginia.
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Chemical Safety Board releases final report on deadly Tesoro refinery explosion

May 7, 2014
The U.S. Chemical Safety Board has published its final report on the accident at the Tesoro refinery in Anacortes, Washington, in April 2010, in which seven people were killed.
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Natural gas has little effect on greenhouse gas emissions, study finds

May 7, 2014
Although the boom in shale energy production has helped to keep energy prices down for U.S. consumers and has resulted in an overall drop in consumption of certain types of fuels, it will not contribute to an overall reduction of greenhouse gas emissions.
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North Dakota's worker death rate highest in US

May 6, 2014
According to a new report, North Dakota has the highest worker fatality rate in the country, with 17.7 deaths per 100,000 workers in 2012.
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Increased oil and gas exports would benefit US, economists say

May 6, 2014
A new poll gauged the opinion of 30 U.S. economists regarding oil and gas exports and revealed that their view was almost unanimous.
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