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North Dakota’s savings dwindling due to tax collection drop

oil industry, north dakota, drilling rig

BISMARCK, N.D. (AP) — A North Dakota rainy-day fund that held more than $572 million in January is on the verge of being emptied due to lower-than-expected tax collections from depressed oil and farm commodity prices. “There are no ‘ifs,'” North Dakota Treasurer Kelly Schmidt said Friday. “We will drain it.” The Budget Stabilization Fund, established in 1987, was intended to stash ...

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Utility head blamed for late mention of Fukushima ‘meltdown’

TOKYO (AP) — An outside investigation team appointed by the operator of Japan’s damaged Fukushima nuclear plant said Thursday that an instruction from then-company president to avoid mentioning “meltdown” delayed disclosure of the status of three reactors. Tokyo Electric Power Co. described the Fukushima reactors’ condition as less serious “core damage” for two months after the March 2011 earthquake and ...

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Top 5 Bakken Stories of the Week, June 11-17

top 5

Doug Burgum’s bid for North Dakota governor came one step closer to reality with his Tuesday win in the primary. The republican candidate stressed policies that stress economic growth and capitalizing on North Dakota’s two most important industries: energy and agriculture. Burgum-Sanford ticket emphasizes energy, economic growth 2 & 3. Two spills in North Dakota this week got lots of ...

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Nigeria: Police dispute new attack claim by oil militants

Nigeria pipeline attack

WARRI, Nigeria (AP) — Local police are disputing claims that Nigerian oil militants struck another pipeline in the Niger Delta, saying an explosion was instead caused by a gas leakage. Cordelia Nwawe, police spokesperson for Akwa Ibom state, said Friday that engineers were “working to rectify the leakage” from the pipeline owned by the Nigeria National Petroleum Corporation. The Niger ...

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Oregon officials want a hold on oil trains after derailment

derailment

PORTLAND, Ore. (AP) — The fiery derailment of an oil train in Oregon’s Columbia River Gorge has state transportation officials asking for a halt to the massive trains because of concerns their heavier weight could be putting extra strain on a certain type of bolt that fastens the rails to the tracks. The Oregon Department of Transportation discussed its concerns ...

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Kerry tours Arctic Circle to see climate change impact

John Kerry, Arctic

NY-ALESUND, Norway (AP) — U.S. Secretary of State John Kerry on Thursday visited Norway’s extreme north, viewing areas where climate change has melted ice and opened new sea lanes. Trailed by staff and journalists in small Zodiac-type inflatable boats, Kerry and Norway’s foreign minister motored in an Arctic scientific vessel from a research station in Ny-Alesund, the world’s northernmost civilian ...

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Natural gas flaring in North Dakota has declined sharply since 2014

natural gas flaring in North dakota

The volume of North Dakota’s natural gas production that is flared has fallen sharply in both absolute and percentage terms since 2014. In March 2016, 10 percent of North Dakota’s total natural gas production was flared, less than one-third of the January 2014 flaring rate, which was at 36 percent. Flaring rates and volumes have significantly decreased as North Dakota’s ...

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