January 2017

Governor warns Dakota Access pipeline protesters of possible March flooding

Some Dakota Access protesters remain on site By Timothy Mclaughlin Jan 3 (Reuters) – North Dakota’s new governor warned on Tuesday that protesters remaining at the construction site of the Dakota Access Pipeline should vacate their main camp before spring because of the risk of flooding. The site of the $3.8 billion project, which crosses […]

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Unlawful oil and gas lease cancellations in Bridger-Teton National Forest

“We are ready to work with the Trump Administration to create jobs and economic opportunities.” – Sgamma Kathleen Sgamma of the Western Energy Alliance says the Obama Administration is rushing through new anti-oil and gas rules, including illegally cancelling leases in the Bridger-Teton National Forest of Wyoming. The US Department of Agriculture’s (USDA) has issued the

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Marathon Petroleum explores spin-off for retail business Speedway

Marathon Petroleum under pressure from investor Jan 3 (Reuters) – Marathon Petroleum Corp, under pressure from activist investor Elliott Management, said a special committee of its directors would review its retail business, including considering a tax-free separation. Elliott unveiled a 4 per cent stake in Marathon Petroleum in November and urged the company to consider spinning

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Oil business seen in strong position under Trump tax reform

Trump tax reform includes controversial border adjustability provision By David Morgan WASHINGTON (Reuters) – Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump’s cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump’s emerging leadership includes

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