January 2017 Page 32 of 34 - The American Energy News

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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Saudi Arabia to raise February term crude prices to Asia

News

Saudi Arabia cutting exports to Europe, US By Florence Tan SINGAPORE Jan. 3 (Reuters) – Top oil exporter Saudi Arabia is expected to raise prices for all grades of crude it sells to Asia in February, tracking strength in the Dubai price benchmark and robust refining margins, traders said on Tuesday. The official selling price

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US natural gas futures drop over 10 per cent

Energy Financial

US natural gas futures down as temperature outlook turns warmer By Scott DiSavino Jan. 3 (Reuters) – US natural gas futures on Tuesday dropped over 10 per cent, the most in almost three years, on forecasts for temperatures to moderate after a brief cold blast expected this week. Front-month gas futures for February delivery on

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2017 oil prices seen capped below $60/barrel by strong dollar, U.S. shale

News

Oil prices expected to improve during each subsequent quarter By Vijaykumar Vedala Jan. 3 (Reuters) – Oil prices will gradually rise toward $60 per barrel by the end of 2017, a Reuters poll showed on Thursday, with further upside capped by a strong dollar, a likely recovery in U.S. oil output and possible non-compliance by

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

Uncategorized

“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

Energy Financial

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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Beijing smog returns, but China says skies are getting cleaner

News

Beijing smog blamed on cold weather, high coal use BEIJING, Jan 3 (Reuters) – The Chinese capital was on the second-highest orange smog alert in the depth of winter on Tuesday but city officials said the air quality was improving overall, citing data for last year. Hundreds of flights were cancelled and highways closed across northern

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Refiner Delek to buy rest of Alon USA for $464 million

Energy Financial

Delek offers .504 of shares for each outstanding Alon share Jan 3 (Reuters) – Refiner Delek U.S. Holdings Inc said it had agreed to buy the shares of Alon USA Energy Inc it does not already own for $464 million to increase its exposure to cheap crude produced in Texas’s prolific Permian basin. The combined company,

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SM Energy to sell some Eagle Ford assets for $800 million

Energy Financial

SM Energy sale includes pipeline infrastructure, land Jan 3 (Reuters) – U.S. oil and gas producer SM Energy Co said on Tuesday it would sell certain assets in the Eagle Ford shale of South Texas to a unit of KKR for $800 million. The assets, operated by a third-party, include about 37,500 net acres and related

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Oil business seen in strong position under Trump tax reform

News

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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