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ConocoPhillips to cut spending due to falling oil prices

NEW YORK — ConocoPhillips said it plans to slash spending on projects by 25 percent next year as the energy company and its rivals deal with plunging oil prices. The Houston company said it expects to spend $7.7 billion in 2015, down from the $10.2 billion it expects to spend this year. The money is used for oil exploration, drilling ...

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Pipeline opponents puzzled by leaders’ words, actions about proposed project

Though New Hampshire leaders in Washington and Concord recently gave statements expressing concern about the proposed Northeast Energy Direct pipeline, their actions have caused confusion among pipeline opponents about where they really stand. Last week, three members of the N.H. congressional delegation and the state’s governor spoke out against the interstate pipeline, which would pass through 17 towns in southern ...

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Energy stocks, beaten down all week, lead a market rebound

NEW YORK — U.S. stocks are broadly higher in afternoon trading Thursday following a three-day losing streak. Energy companies climbed after being beaten down over the past several days. Eight of the 10 sectors of the Standard and Poor’s 500 index rose. KEEPING SCORE: The Dow Jones industrial average rose 141 points, or 0.8 percent, to 17,634 as of 2:16 ...

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Attorney general files royalties lawsuit against Chesapeake Energy

The state attorney general has filed a lawsuit that seeks millions of dollars in restitution from Chesapeake Energy Corp. after the company allegedly underpaid gas royalties to landowners. Attorney General Kathleen Kane alleged the company “engaged in deceptive conduct in securing fracking leases” from landowners in the state “as part of a rush to lock up acreage in the Marcellus ...

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Erin Brockovich calls on her neighbors to unite over Porter Ranch gas leak

More than 2,000 residents affected by a natural gas leak above Porter Ranch attended a community meeting Wednesday night hosted by environmental activist Erin Brockovich. Brockovich was made famous by successfully battling Pacific Gas and Electric Co. over groundwater contamination in the community of Hinkley in the Inland Empire in 1996. She became the namesake of a 2000 movie starring ...

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FERC accepts application for controversial natural gas pipeline

A federal commission will begin looking in earnest at a plan for a natural gas pipeline that’s drawn controversy in southern New Hampshire, after officials ruled that the application is complete. The Federal Energy Regulatory Commission issued the notice Monday formally accepting a Nov. 20 application for the Northeast Energy Direct project, which it must do for a project to ...

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Guinta, Kuster vote in favor of energy bill

The U.S. House on Thursday passed the first major energy legislation in nearly a decade, approving a bill that would, among other things, speed up natural gas exports and hasten the approval of natural gas pipelines. Both of New Hampshire’s representatives in Congress — Republican Frank Guinta and Democrat Annie Kuster — are on record as voting in favor of ...

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Democrats steadfast in demands for axing U.S. oil export ban

Oil rig pumpjacks, also known as thirsty birds, extract crude from the Wilmington Field oil deposits area where Tidelands Oil Production Company operates near Long Beach, California in this July 30, 2013 file photo. REUTERS/David McNew

WASHINGTON – Senate Democrats on Tuesday laid out a list of demands they seek before making any deal to end the 40-year-old ban on crude oil exports in the wide-ranging government funding bill. With oil prices falling to nearly seven-year lows of less than $40 a barrel, producers are desperate to open crude sales to global markets. They say lifting ...

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Large energy projects in NH move forward

The two largest energy projects on the drawing board in New Hampshire moved one step forward on Monday, as state regulators accepted the application for the Northern Pass, while the Federal Energy Regulatory Commission accepted the application for the Kinder Morgan natural gas pipeline. In each case, regulators had to determine that the applications were complete, despite protests to the ...

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