Opponents of Enbridge’s Line 3 oil pipeline replacement across northern Minnesota are taking a novel legal approach to try to halt construction — they are suing on behalf of wild rice. Wild rice is the lead plaintiff in a complaint filed Wednesday in White Earth Nation Tribal Court. The lawsuit, which names the Minnesota Department of Natural Resources among the defendants, advances a legal theory that nature in itself has the right to exist and flourish, the Star Tribune reported. The [Read more]
Saudi Arabia says its oil infrastructure attacked by drones
DUBAI, United Arab Emirates - Saudi Araba said drones attacked one of its oil pipelines as other assaults targeted energy infrastructure elsewhere in the kingdom on Tuesday, shortly after Yemen's rebels claimed a co-ordinated drone attack on the Sunni power. The assaults marked the latest incidents challenging Mideast security after the alleged sabotage of oil tankers off the coast of the United Arab Emirates earlier this week amid heightened tensions between the U.S. and Iran. [Read more]
Chevron bows out of fight for Anadarko Petroleum
SAN RAMON, Calif. - Chevron on Thursday declined to improve on its offer for Anadarko, cutting short the potential for a rare bidding war in the oil patch and allowing Occidental Petroleum to take control of the energy company and its rich fields in the Southwest of the United States. Occidental challenged Chevron's initial bid last month, offering $57 billion in cash and stock, including debt and book value of non-controlling interest. The offer from Chevron, a company five times the [Read more]
Report: Air quality harmed as Texas oil production booms
DALLAS - The production of oil and natural gas in West Texas is booming but it's coming at a cost to residents who are regularly exposed to unhealthy levels of air pollution, according to a report issued by an environmental group. The Environmental Integrity Project noted in a report released Thursday that the Permian Basin, which extends into New Mexico , is one of the most productive hydrocarbon regions in the world, thanks largely to the advent over the past decade of horizontal [Read more]
US raises forecast for summer gasoline prices
Gasoline for that summer road trip will cost a bit more than experts in the federal government were expecting just a month ago. The government is also predicting higher prices for crude oil despite an increase in U.S. production. That's because global demand is rising faster than previously expected. The Energy Information Administration on Tuesday estimated that the U.S. will pump a record 12.45 million barrels of oil a day this year and that will rise again to 13.38 million barrels a day [Read more]
Sheriff seeks dismissal from lawsuit over anti-protest laws
A western South Dakota sheriff is seeking to be dismissed from a lawsuit challenging new state laws that target disruptive demonstrations by anti-oil pipeline activists. Attorney Rebeca L. Mann said Pennington County Sheriff Kevin Thom must enforce state laws but isn't responsible for defending them. "Pennington County is not a proper party to defend the constitutionality of state statues nor should it be burdened with the expense of defending statutes it has no power to change," [Read more]
Occidental tries to outbid Chevron for Anadarko Petroleum
NEW YORK - A bidding war is breaking out over Anadarko Petroleum, with Occidental making an offer that it says is about a 20% premium to Chevron's deal announced earlier this month, a rare move not often seen in the U.S. oil industry. Houston-based Occidental Petroleum Corp. said the proposed combination would bolster its position in the Permian Basin in Texas and New Mexico, where it is already the largest oil producer. "We have been focused on Anadarko for several years because we have [Read more]
Chevron buying Anadarko for $33B as crude prices rise
SAN RAMON, Calif. - Chevron will buy Anadarko Petroleum for $33 billion in a cash-and-stock deal as the company seeks to grow stronger in deep water exploration in the gulf and the energy-rich southwest region of Texas called the Permian Basin. The deal, announced Friday, arrives with U.S. crude prices up 40% this year. The companies put the enterprise value of the deal at $50 billion. "This transaction builds strength on strength for Chevron," said Chairman and CEO [Read more]
Trump signs orders making it harder to block pipelines
CROSBY, Texas - President Donald Trump's support for shifting more power to states took a back seat Wednesday to his affinity for oil and gas production as he aimed to make it harder for states to block pipelines and other energy projects due to environmental concerns. At the urging of business groups, Trump signed two executive orders designed to speed up oil and gas pipeline projects. The action came after officials in Washington state and New York used the permitting process to stop new [Read more]
Amazon’s growing ties to oil industry irks some employees
NEW YORK - Amazon is getting cozy with the oil industry — and some employees aren't happy about it. The online shopping giant, which already works with BP and Shell, has been trying to woo more oil and gas companies to use its technology to help them find drillable oil faster, angering workers who have been pushing Amazon to do more to combat climate change. The employees say the company should drop its work with industry entirely, arguing that it shouldn't contribute to hurting [Read more]
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