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  1. Oil and Gas: Malaysia says Saudi Aramco will invest $7 billion in oil hub

    Saudi King Salman, left, sits together with Malaysian Prime Minister Najib Razak during the MOU signing ceremony in Putrajaya, Malaysia, Monday, Feb. 27, 2017. Salman arrived in Malaysia on Sunday to kick off a multi-nation tour aimed at boosting economic ties with Asia. (AP Photo/Vincent Thian) KUALA LUMPUR, Malaysia (AP) — Malaysian Prime Minister Najib Razak said Monday that oil major Saudi Aramco will invest $7 billion in a mammoth oil processing hub in Malaysia , making it the single largest investor in the Southeast Asian country. The announcement came on the second day of a visit by Saudi King Salman, who is on a multi-nation tour to boost economic ties with Asia. Najib said Aramco and Malaysia's national oil company Petronas, which is leading the project, will sign the agreement Tuesday. "This is a significant investment and more details will be announced tomorrow," Najib told a news conference after meeting with the king. He said Aramco's investment is a "strong vote of confidence" in Malaysia's economy and that bilateral relations are at an "all-time high." The Refinery and Petrochemical Integrated Development hub is being developed at a total cost of $27 billion in Malaysia's southern Johor state bordering Singapore and is due to start operations in 2019. It includes a refinery with the capacity to churn out 300,000 barrels of oil a day and a petrochemical complex with a production capacity of 7.7 million metric tons. Earlier Monday, Malaysian and Saudi Arabian officials signed several other agreements on trade, human resources and scientific and educational cooperation. In 2016, bilateral trade rose 28 percent from a year earlier to 14 billion ringgit ($3.2 billion). King Salman, accompanied by a 600-member entourage, arrived Sunday for a four-day visit, his first to Muslim-majority Malaysia since he took the throne in January 2015. His predecessor, King Abdullah, visited in 2006. Ties between the two countries came under a spotlight last year when Malaysia's attorney-general said about $700 million transferred to Najib's personal bank account in 2013 was a donation from the Saudi royal family and that most of it was returned. Najib has denied that the money was from the indebted Malaysian state fund 1MDB that he founded. The 1MDB fund, which is at the center of allegations of a vast international scheme of embezzlement and money-laundering, is being investigated by several countries including the U.S., Switzerland and Singapore. After Malaysia, King Salman is to visit Indonesia, Brunei, Japan, China and the Maldives, the official Saudi Press Agency said. The monarch will also visit Saudi Arabia's neighbor Jordan before returning home. Saudi Arabia is the world's largest oil exporter, with much of its crude destined for customers in Asia. The kingdom is eager to attract investment as it diversifies its economy, including its upcoming initial public offering of part of state oil giant Saudi Aramco.

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    Tue, 28 Feb 2017

  2. Renewable Energy: Activists hope Massachusetts can go fossil fuel-free by 2050

    Massachusetts environmentalists have long dreamed of a green future in which the state shakes off its reliance on fossil fuels. Now they have a date: 2050.

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    Tue, 28 Feb 2017

  3. Natural Gas Pipline: New Jersey OKs gas pipeline through protected Pinelands

    New Jersey environmental regulators on Friday approved a hotly contested plan to run a natural gas pipeline through a federally protected forest preserve amid raucous protests that included drums, tambourines and choruses of "This Land Is Your Land."

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    Tue, 28 Feb 2017

  4. Natural Gas Pipeline: Vote expected on hotly contested New Jersey pipeline project

    New Jersey regulators are set to vote on whether a natural gas pipeline should run through the state's federally protected Pinelands region, which includes more than a million acres of farms, forests and wetlands.

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    Sat, 25 Feb 2017

  1. Liquefied natural gas exports expected to drive growth in U.S. natural gas trade

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    Thu, 23 Feb 2017

  2. Oil and Gas: Deadline to leave pipeline protest camp won't be extended

    The Army Corps of Engineers said it won't extend a Wednesday deadline for Dakota Access oil pipeline opponents to vacate their encampment on federal land in North Dakota.

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    Thu, 23 Feb 2017

  3. Oil and Gas: Governor: Dakota Access protesters can leave without arrest

    A few dozen people still occupying a sprawling encampment on federal land to protest construction of the Dakota Access oil pipeline will have another chance to leave peacefully Thursday, North Dakota's governor said, after public officials pleaded with the self-named "water protectors" to leave so ...

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    Fri, 24 Feb 2017

  4. Oil and Gas: Lawmakers renew push for drilling in Alaska wildlife refuge

    Former U.S. Sen. Frank Murkowski in 2001 gave a speech urging colleagues to approve oil drilling in America's largest wildlife refuge. The Alaska Republican held up a blank sheet of paper to illustrate his point.

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    Fri, 24 Feb 2017

  5. Oil and gas: $9.5 million in penalties in platform blast, Gulf violations

    An oil industry services company will pay $9.5 million in penalties for Gulf of Mexico safety violations and for pollution from a 2012 offshore platform fire that killed three workers.

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    Sat, 25 Feb 2017

  6. Oil and Gas: Nevada company fined for incidents in the Gulf of Mexico

    An oil services company has been ordered to pay $9.5 million in connection with incidents in the Gulf of Mexico.

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    Sat, 25 Feb 2017

  7. Oil and Gas: Deadline looms for Dakota Access pipeline protest camp

    As dawn breaks over an encampment that was once home to thousands of people protesting the Dakota Access oil pipeline, a few hundred holdouts rise for another day of resistance.

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    Wed, 22 Feb 2017

  8. Oil and Gas: Firefighters knock down blaze at California oil refinery

    An explosion and fire erupted Saturday at a California oil refinery, exactly two years after a blast that crippled the plant and led to higher gasoline prices, authorities said.

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    Tue, 21 Feb 2017

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