FBI Aids in Investigation of Gas Pipeline Sabotage

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FBI Aids in Investigation of Gas Pipeline Sabotage

The name of a radical environmental advocacy organization was scrawled on a pipe at a natural gas pumping station near Aspen that was vandalized. It was not clear whether members of the “Earth First!” group were involved in the intentional disruption of gas service to the Aspen area – which resulted in thousands of people

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Gas Pipeline Project in New Mexico Halted Amid Pandemic

A natural gas pipeline that would have connected an oil field in New Mexico and Texas to markets in the Gulf Coast has been halted as the fossil fuel industry struggles during the coronavirus pandemic. The Carlsbad Current-Argus reported that officials with Permian Global Access Pipeline, a subsidiary of Houston-based natural gas producer Tellurian, withdrew

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Exxon Mobil Cuts Billions in Spending

Exxon Mobil announced that it would significantly cut spending on exploration and production over the next four years and would write off up to $20 billion of investments in natural gas. The company struggled to adapt as oil and gas prices tumbled this spring when the coronavirus pandemic took hold. While oil prices have recovered

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9 Ways Oil and Gas Help to Fuel Your Thanksgiving Holiday

(The following article is from Aera Energy’s Website) Ready to gather around the table with family and friends for roast turkey and pumpkin pie? Thanksgiving is one of America’s most beloved holidays, but very few of the traditions we’ve come to know and love would be possible without the energy industry. As you celebrate on

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Dakota Access Pipeline Can Operate Until End-2020

 The Dakota Access oil pipeline will continue operating at least until the end of the year when a federal court will be ready to rule on a lawsuit demanding that the pipeline be shut down. December 2020 is the earliest time the court will be able to make a decision after reviewing all relevant documentation,

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Kinder Morgan Posts $1B Loss

U.S. pipeline operator Kinder Morgan Inc posted a second straight quarterly loss as it took a $1-billion impairment charge after a steep fall in natural gas prices caused by the coronavirus crisis hurt the value of some of its assets. Energy companies have been hard hit by the COVID-19 pandemic that slashed energy demand by

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Another Major Bakken Pipeline Forced to Halt Operations

The high-profile case of the Dakota Access oil pipeline ordered shut earlier this month has overshadowed another legal dispute over a smaller pipeline carrying crude out of the Bakken shale basin in North Dakota, which was also ordered shut, potentially stalling a recovery in the Bakken. After 67 years of operations, the Tesoro High Plains

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California’s Top Oil Driller to File for Bankruptcy

California Resources Corp. filed for bankruptcy with a plan to hand ownership to lenders, kicking off what could turn into the next wave of collapses among oil drillers and the businesses that depend on them. Under a proposal the company negotiated with senior lenders as part of its bankruptcy planning, shareholders will be wiped out,

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