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Coast Guard: 4,200 gallon oil spill in south Louisiana

Louisiana oil spill

NEW ORLEANS (AP) — The Coast Guard says about 4,200 gallons of crude oil has leaked from an abandoned oil pipeline near marshland in southeast Louisiana. A Tuesday news release from the Coast Guard says the leak was reported and stopped Monday. The line belongs to Hilcorp Energy of Houston. A company spokesman said he would have more information on ...

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Libya army commander threatens to target oil tankers

Libyan national oil company chief Mustafa Sanalla reacts during an interview in London, Monday, Jan. 25, 2016. The head of Libya’s state oil corporation is appealing for political factions to forge a unity government, saying that without a single government there will be “neither security nor stability. Mustafa Sanalla believes that the country will become a failed state without action soon.(AP Photo/Kirsty Wigglesworth)

BENGHAZI, Libya (AP) — Libya’s chief of staff on Tuesday threatened to target foreign oil tankers if they entered territorial waters, after a controversial deal was struck between the United Nations envoy and a militia commander in control of the oil terminals. The agreement between U.N. Envoy to Libya Martin Kobler and militia leader Ibrahim Jedran, has been widely criticized ...

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New Mexico permanent funds shrink amid energy bust

SANTA FE, N.M. (AP) — Rainy day funds overseen by the state of New Mexico have been drawn down by almost 2 percent during the past year as spending on public education and infrastructure projects outpaces investment income and revenues linked to the oil and natural gas industries. The New Mexico State Investment Council said Monday that assets declined by ...

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European development bank considers funding Trans Adriatic Pipeline

pipeline inspector, pipeline operator, pipeline jobs

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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Freeport-McMoRan skids as 2Q sales fall short of estimates

Wall Street

PHOENIX (AP) — Freeport-McMoRan stock slumped Tuesday after the mining company reported weaker-than-expected revenue for the second quarter as the price of copper and oil plunged and gold sales tumbled. Freeport-McMoRan sold 156,000 ounces of gold, less than half as much as it sold a year ago. Meanwhile its average selling price for oil fell 18 percent compared to the ...

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Solar plane’s arrival highlights UAE’s clean-energy push

ABU DHABI, United Arab Emirates (AP) — The United Arab Emirates might not seem like an obvious spot to begin and end a globe-spanning flight promoting renewable energy. It is OPEC’s fourth biggest oil producer, after all, where gas guzzlers rule the road and the air conditioning is always on — not just at its indoor ski slope. Its oil ...

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10 Things to Know for Tuesday

Dem convention, Al Franken

Your daily look at late-breaking news, upcoming events and the stories that will be talked about Tuesday: 1. CLINTON CONVENTION TRIES TO END DEMOCRATIC DISUNITY Hillary Clinton’s campaign sought to squelch a political firestorm over hacked emails that deepened dissent among Bernie Sanders’ supporters, turning to some of the party’s biggest stars to heal divisions on the Democratic convention’s opening ...

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8 companies seek oil drilling rights for 3 areas off Cyprus

NICOSIA, Cyprus (AP) — Cyprus’ energy minister says eight companies have formally applied to carry out exploratory oil and gas drilling in waters off the island’s southern coast. Yiorgos Lakkotrypis says six applications for a drilling license were submitted for all three blocks, or areas, that were available as part of the island nation’s third licensing round. He said the ...

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Canada to ban rail cars involved in fiery crash

MONTREAL (AP) — Canada’s transport minister says the rail car model involved in a fiery crash that killed 47 people in Quebec three years ago will no longer be allowed to transport oil in Canada as of Nov. 1. Marc Garneau said Monday that older tankers, called DOT-111 cars, and a version jacketed with an extra layer of metal to ...

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Wyoming partners with Japanese companies seeking coal

Wyoming coal

CHEYENNE, Wyo. (AP) — Gov. Matt Mead has signed an agreement calling for cooperation between a consortium of Japanese companies and Wyoming experts in researching clean-coal technology. Mead signed a memorandum of understanding Monday in Cheyenne with the president of the Japan Coal Energy Center. The center represents about 120 manufacturing and energy companies, including Mitsubishi Heavy Industries and Kawasaki ...

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