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Author Archives: NewsCred

ND regulators approve 100K barrel-per-day oil pipeline

BISMARCK, N.D. — North Dakota regulators have approved a pipeline that would move up to 100,000 barrels of oil a day from the state’s oil patch. The Bismarck Tribune reports the state Public Service Commission approved the NST Express Pipeline on Wednesday. The pipeline is part of Texas-based NorthStar Midstream. The 23-mile-long pipeline is designed to move crude from a ...

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Two Colorado projects selected for Farm Bill Conservation Grants

The U.S. Department of Agriculture selected two Colorado projects to receive $9.8 million through the Agency’s new Regional Conservation Partnership Program. Sen. Michael Bennet, D-Colo., helped craft the program, which was created in the 2014 Farm Bill, a news release about the announcement stated Wednesday. The Colorado River District and the Colorado Department of Agriculture are heading up the projects ...

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Longmont council moves forward on affordable housing, water rates

After much discussion on the appropriate place for affordable housing, the Longmont city council passed an ordinance on first reading that allows the Longmont Housing Authority to more easily build housing near Nelson Road and Sunset Street. The ordinance changes the zoning for mixed industrial districts, which already allows limited residential development, to additionally allow for affordable housing. The property ...

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Tenaska natural gas-fueled power plant’s foes air concerns to Westmoreland County commissioners

One by one, 17 speakers ticked off reasons why Westmoreland County commissioners should oppose a Nebraska company’s plan to construct a $500 million natural gas-fueled power plant in South Huntingdon. Passionately arguing their case Thursday, opponents said they’re concerned about the plant’s impact on the environment and the overall quality of life in the sedate, rural area just south of ...

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Sandpiper oil pipeline gets support, criticism at hearing

The proposed Sandpiper oil pipeline across northern Minnesota is either a safer way to move domestic energy or an immoral boost for fossil fuels and climate change. That was the gamut of testimony in Duluth on Tuesday at a public hearing on the proposed, all-new, 616-mile pipeline from Beaver Lodge in northwestern North Dakota’s Bakken oil field to Superior. About ...

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Texas factory production jumps, but lower oil prices a concern

Texas factory output surged in December, but dropping oil prices and an easing pace of new-order growth helped temper an otherwise optimistic outlook for the first half of 2015, according to a monthly report released Monday by the Federal Reserve Bank of Dallas. The state production index, a key measure of statewide factory activity, jumped to a reading of 15.8 ...

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Saudi oil bomb for Iran

DHAKA — Saudi Arabia’s refusal to cut oil production despite the price of crude bottoming out in the vicinity of $60 per barrel around mid-December serves to undercut Iran in a manner that the UN sanctions never could. With oil prices plummeting from a high of $115 in August, 2013 to its present price, Iran’s ability to finance overseas military ...

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Gas line aims north

ALBANY — Faced with growing opposition in the Berkshires, a Texas-based energy company is proposing to detour more than 50 miles of a planned natural gas pipeline route to the north through three towns in Rensselaer County. Houston-based Kinder Morgan proposed the change in paperwork filed Monday with the Federal Energy Regulatory Commission as part of plans to transport hydrofracked ...

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Area businesses benefit from Marcellus boom

The U. S. Energy Information Administration released its U.S. Crude Oil and Natural Gas Proved Reserves 2013 report on Thursday, showing increases in crude oil and natural gas reserves year-over-year. Local energy businesses say they are already reaping the benefits of increased activity throughout the Appalachian basin. For the first time since 1975, the nation’s crude oil and lease condensate ...

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Iraq says failing oil prices force rethink of 2015 budget

gas flare

BAGHDAD (Reuters) – Falling oil prices have forced Iraq to scrap the draft 2015 budget it planned to present to parliament on Sunday, Prime Minister Haidar al-Abadi told lawmakers. The budget had been based on a forecast oil price of $70 a barrel, but prices dropped to a four-year low below that level on Friday after OPEC’s decision not to ...

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