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Tag Archives: Natural Gas

Gas line explosions bring new safety proposal

Gas line explosions bring new safety proposal

BILLINGS, Mont. (AP) — U.S. officials moved Thursday to strengthen safety rules for the nation’s 300,000-mile network of natural gas transmission pipelines in response to numerous fiery accidents, including a 2010 California explosion that killed eight people and injured more than 50. The Department of Transportation proposal would expand inspection and repair rules to include lines in some rural areas ...

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Dow positive for 2016, oil closes above $40

Energy stocks rise, oil reaches highest price this year

NEW YORK (AP) — Oil closed above $40 a barrel and another surge in U.S. stocks Thursday turned the Dow Jones industrial average positive for the year and wiped out its losses from a terrible start to 2016. The price of gold and silver and oil jumped, boosting materials and energy companies. The dollar continued to weaken, boosting industrial companies ...

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Japan reports biggest trade surplus in over 4 years

Japan reports biggest trade surplus in over 4 years

TOKYO (AP) — Japan posted its biggest trade surplus in over four years in February, thanks to a strengthening in the yen and weak oil prices, though both imports and exports fell, suggesting persisting slack demand both in Japan and overseas. Preliminary data reported Thursday showed exports fell 4 percent from a year earlier to 5.7 trillion yen ($50.5 billion) ...

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Offshore plan closes door to new American energy opportunities

Offshore plan closes door to new American energy opportunities

WASHINGTON, D.C. – Independent Petroleum Association of America (IPAA) President Barry Russell released the following statement on the next stage of the Obama Administration’s proposed five-year offshore oil and gas leasing program for 2017-2022: “Offshore energy production has and will continue to be integral to America’s energy future – for good-paying jobs, national energy security, and billions of dollars in ...

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