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Waiting for recovery–when will the oil glut disappear?

crude oil storage, oil glut

They’re tired phrases. Oil slump. Oil glut. Rig count down. Oil price dips. It seems as though every time the oil industry hits the news, one of those phrases are used. But life for those of us who work in the oil and gas industry consists of the here and now, and although the the view of the computer screen reporting the ...

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Portland to try to keep better track of building energy

Portland Maine, energy conservation regulations

PORTLAND, Maine (AP) — Officials in Portland are considering an ordinance designed to keep better track of the energy use of larger buildings in the city. The City Council will consider a proposal requiring “utility benchmarking” for public and private buildings that have more than 20,000 square feet or more than 50 residential units. The ordinance says utility benchmarking means ...

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Western Maryland town bans fracking within its borders

FRIENDSVILLE, Md. (AP) — The western Maryland town of Friendsville is banning hydraulic fracturing for natural gas within its borders. The Town Council approved the ban on a 5-1 vote Tuesday. The town is in Garrett County, which overlies part of the gas-rich Marcellus shale rock formation. State environmental regulators are developing rules to allow companies to use the technique ...

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Quebec town ravaged by train fire wants rail to bypass it

Lac-Megantic Quebec, derailment

LAC MEGANTIC, Quebec (AP) — A runaway oil train brought death and destruction to this tiny community in Quebec, killing 47 people and destroying dozens of buildings. Three years later, trains still roll through downtown, just feet from restaurants and shops. Residents who see them as a haunting reminder of the conflagration want trains re-routed around the town, and a ...

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Regulators agree to sale of 12 Eversource power plants

Merrimack Station, coal fired power plant

CONCORD, N.H. (AP) — State energy regulators have approved the sale of 12 Eversource Energy power plants, a move expected to save customers money. The nine hydro facilities and three fossil-fuel plants, including coal-fired Merrimack Station, Newington Station and Schiller Station in Portsmouth will be sold at auction overseen by the state Public Utilities Commission, which approved the sale Friday. ...

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Chevron, Exxon and others to spend $36.8B in Kazakhstan

Eagle Ford news, rig count, oil

NEW YORK (AP) — Chevron, Exxon Mobil and its other partners say they will spend $36.8 billion to develop more oil in Kazakhstan. The project is expected to increase production to about 1 million barrels of oil equivalent per day in 2022. Chevron, Exxon Mobil and its partners are forming a venture called Tengizchevroil. Chevron owns 50 percent of Tengizchevroil. ...

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AP Interview: Jordan eager to reach nuclear deal with US

Jordan, nuclear program.

AMMAN, Jordan (AP) — Jordan is eager to reach a nuclear cooperation deal with the United States after a long impasse over uranium enrichment and both sides appear ready to compromise, the kingdom’s nuclear chief said. An agreement would give Jordan access to U.S. technology, including small modular reactors that could fit well into the country’s fledgling nuclear energy program, ...

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Man survives 120-foot fall from Kansas wind turbine

High court allows western Ohio wind farm to proceed

PRATT, Kan. (AP) — A south-central Kansas sheriff says a man who fell 120 feet while working on a wind turbine is expected to survive. Pratt County Sheriff Vernon Chinn says the worker was seriously injured during the tumble onto muddy terrain Sunday morning while he was repairing a blade on a wind generator near Pratt. Chinn says emergency responders ...

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Gas prices falling in northern New England

gas price, gasoline, national average gas price

CONCORD, N.H. (AP) — Gas prices are on their way down in northern New England. GasBuddy surveys show the average retail price in New Hampshire is $2.22 per gallon, down 1.8 cents from last week. The average price per gallon in Maine has fallen 1.2 cents to $2.32. In Vermont, the price went down 1.8 cents, to $2.33. The national ...

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Commission rules electric rate review freeze is constitutional

Appalachia power, electric rates

RICHMOND, Va. (AP) — The Virginia State Corporation Commission has ruled a 2015 law that froze electric rate reviews and could cost customers hundreds of millions of dollars is constitutional. The commission issued ruling 2 to 1 Friday dismissing a challenge to the law from large industrial customers of Appalachian Power. The majority said its ruling was based only on ...

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