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OPEC oil ministers to meet informally in September

OPEC

VIENNA (AP) — OPEC has announced that oil ministers of the 14-nation organization will meet in September, well ahead of their previously scheduled November meeting. Monday’s announcement notes that the meeting will be “informal.” Still, it is unusual for the Organization of the Petroleum Exporting Countries to come together at the ministerial level outside of their regularly set gatherings. OPEC ...

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Saltwater spill reported at well site near White Earth

saltwater spill, Rhame spill

BISMARCK, N.D. (AP) — North Dakota regulators say almost 20,000 gallons of oilfield wastewater has been contained and recovered at a saltwater disposal well in Mountrail County. Regulators with the state Oil and Gas Division say Houston-based Oasis Petroleum North America reported the 470-barrel spill on Wednesday at the well near White Earth. A barrel is 42 gallons. Officials say ...

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Future unclear for northern Minnesota oil pipeline project

MINNEAPOLIS (AP) — The future is unclear for a proposed oil pipeline that would cross northern Minnesota. Enbridge Energy on Tuesday announced it is investing in a different pipeline that would transport North Dakota crude oil — but not across Minnesota. The Canadian company has proposed the $2.6 billion Sandpiper pipeline that would run from the Bakken oil fields through ...

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Nigeria using power, persuasion to curb oil militant attacks

Nigeria pipeline attack

WARRI, Nigeria (AP) — Nigeria’s government has resumed paying stipends to former militants even as security forces’ air and ground assaults have reportedly killed scores of fighters disrupting petroleum production in the oil-rich Niger Delta. President Muhammadu Buhari’s government is using power and persuasion in a bid to halt attacks on oil installations that have cut production from 2.2 million ...

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Bakken Pipeline financing complete, share sold to pay debt

In this May 9, 2015 file photo, pipes for the proposed Dakota Access Pipeline are stacked at a staging area in Worthing, S.D.

DES MOINES, Iowa (AP) — Companies building an oil pipeline from North Dakota across the Midwest into Texas say they’ve completed project financing and sold a share of the pipeline to another company to pay down the debt. Energy Transfer Partners, Sunoco Logistics Partners and Phillips 66 said Tuesday they completed borrowing the remaining $2.5 billion needed to complete the ...

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Pipeline construction equipment damage in suspected arson

DES MOINES, Iowa (AP) — Machinery located at three oil pipeline construction sites in central Iowa was found extensively damaged by fire Monday in what the company building the pipeline called a shameful act. There’s little doubt the fires were intentionally set along the Dakota Access pipeline, said Jasper County Sheriff John Halferty. Damage to a bulldozer and other large ...

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Kuwait raises gasoline prices, following Gulf neighbors

Kuwait skyline. (Image: Khaleel Haidar via Flickr)

KUWAIT CITY (AP) — Kuwait will raise its subsidized gasoline prices by as much as 83 percent beginning in September, becoming the last Gulf nation to do so as low global oil prices continue to gnaw away at governments across the region. Kuwait’s Cabinet announced the decision on Monday, with the biggest price hike coming for its premium-grade gasoline. As ...

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