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ANALYSIS-A new hope or false dawn for Mexico’s oil refiners?

TULA, Mexico, Jan 3 (Reuters) – Mexico’s oil refining industry, saddled for years with bloated costs, chronic underinvestment and generous government fuel subsidies, ought to be on the verge of a bright new dawn. A shake-up last month dismantled the state-run Pemex oil and gas monopoly, ending decades of stubborn self-reliance and potentially opening the door to foreign oil companies. ...

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Oil patch seeks wider role for drones

By Zain Shauk A Federal Aviation Administration decision to permit testing of drones in Texas and at other sites throughout the country will open the door to more use of unmanned aircraft by oil companies. The oil industry has been a leader in the use of drones for surveying land and equipment. ConocoPhillips received a permit from the FAA for the ...

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Process turns out oodles of algae, and fast


Government engineers say they have developed a cheaper way to turn wet algae into crude oil, but it may take a few years before it can be sold in any significant quantities. Even though biofuels makers don’t have to pay a dime for oil rigs, it’s still an expensive process. They are, after all, using extremely high temperatures and pressures ...

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U.S. agency warns of extra-flammable Bakken crude oil


WASHINGTON Jan 2 (Reuters) – The U.S. pipeline safety agency on Thursday issued a safety warning that the type of crude oil produced in the Bakken region in the northern United States “may be more flammable than traditional heavy crude oil.” The Pipeline and Hazardous Materials Safety Administration (PHMSA) said its alert to emergency responders and others followed recent derailments ...

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Public hearings set for proposed ND pipeline


BISMARCK, N.D. (AP) – North Dakota’s Public Service Commission has set three public hearings for a proposed pipeline that would move North Dakota oil to Minnesota and Wisconsin. The hearings for Enbridge Energy’s Sandpiper pipeline are slated for Feb. 19 in Grand Forks; Feb. 20 in Devils Lake; and Feb. 27 in Minot. The Calgary, Alberta-based company is proposing the ...

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