TransCanada Pipeline Resumes Production After Leak

A TransCanada Corp. pipeline resumed operations after a week long shutdown, according to the company. The pipeline was temporarily closed when a leak was discovered in South Dakota. The leak is said to have spilled nearly 400 barrels of oil. The company plans to use aerial patrols and visual inspections to check the pipeline’s progress. […]

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Week in Review: April 4th

U.S. Judge Approves BP Settlement for 2010 Gulf of Mexico Oil Spill – CNBC By Reuters BP received final approval from a U.S. Judge to pay $18.7 billion in fines to the U.S. government and five states affected by the 2010 oil spill. The agreement requires BP to pay at least $12.8 billion to the […]

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Justice Department Set to Block Oil Merger

The U.S. Justice Department is preparing to the stop the merger of Halliburton Co. and Baker Hughes Inc., according to the Wall Street Journal. The nearly $35 billion deal was struck to merge to the world’s second and third largest oil commodities. The impeding lawsuit would be the largest opposition the deal has faced since […]

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U.S. Continues To Be Leading Importer of Oil

Congress voted to lift the 40-year ban on U.S. oil exports in December 2015, while attempting to propel America into a leading oil exporter. Yet, nearly four months later, oil imports reached a three year high according to Bloomberg Business Week. As of March 25, the U.S. imported 7.9 million barrels of oil a day. […]

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Local Shale Driller Fined Nearly $400,000

Rice Energy Inc. is set to pay $393,000 in fines for negligence, according to the Pennsylvania Department of Environmental Protection. Pipelines built by the company in Washington and Greene counties spilled nearly a 100 barrels of fracking wastewater, and caused a landslide. The construction also crossed over 20 streams without appropriate permits, in fact many of […]

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Shell Buys Hotel Property in Beaver County, PA

Royal Dutch Shell bought the former Kubuta Hotel in Beaver County, PA adding to its real estate holdings in the Marcellus Shale. The Pittsburgh Business Times reports, the hotel sits by the new construction of an ethane cracker plant. Though, Shell has not confirmed if development will continue on the plant, the company continues to […]

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Week in Review: March 28th

Amid Coal Bankruptcies, Miners to Rally in Waynesburg for Benefits – Power Source By Daniel Moore Over 5,000 members of the United Mine Workers of America came to Waynesburg, PA to save pensions and healthcare programs for retiring miners. Financial burdens have swept the industry, forcing the annulment of union contracts. During bankruptcy procedures, judges […]

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Philadelphia Group Attempts to Make City a “Energy Hub”

The Philadelphia Energy Action Team announced plans on Wednesday to double the volume of natural gas being used by Southeastern Pennsylvania, Northern Delaware, and Southern New Jersey. The group is seeking to rejuvenate the area’s economy by tapping into methane, butane, and other gases found in the Marcellus Shale. In a statement, the group acknowledges […]

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