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  1. Oil and Gas News: Major battle over oil terminal unfolds in Pacific Northwest

    In this Nov. 7, 2013 file photo, a train hauls oil into Glacier National Park near the Badger-Two Medicine National Forest in northwest Montana. Companies proposing to build the nation's largest oil-by-rail marine terminal in southwest Washington state and their foes will argue their cases before a state energy panel in Vancouver, Wash., on Monday, June 27, 2016. (AP Photo/Matthew Brown, File) SEATTLE (AP) — Two companies proposing to build what would be the nation's largest oil-by-rail marine terminal along the Columbia River in Washington see it as an opportunity to link domestic crude oil from the Midwest to a West Coast port. Critics, however, see an environmental and safety catastrophe waiting to happen, especially after a train carrying volatile Bakken crude oil derailed and burned on June 3 in Mosier, Oregon, just 70 miles upriver from the project site in Vancouver, Washington. The battle over the Tesoro Savage Vancouver Energy terminal — which would handle about 360,000 barrels of crude oil a day — unfolds Monday when the parties make their case for or against the terminal before a state energy panel. The Energy Facility Site Evaluation Council will hear testimony from dozens of experts and other witnesses over five weeks. It will make a recommendation to Gov. Jay Inslee, who has the final say. Vancouver Energy is expected to argue that the terminal is needed to meet fuel needs; that it satisfies the council's criteria; that risks of oil spills or accidents at the facility are remote; and it adds economic benefits to the region. The Port of Vancouver also plans to testify in support, saying the facility is designed to be as safe as possible, there's need for it and it's suitable for the industrial site. They'll face a chorus of opposition. Tribes, environmental and community groups, the city of Vancouver and a Washington state agency will urge the panel not to recommend approval. They plan to show that it poses too great a risk to people and the environment, the dangers extend well beyond the facility to include communities along rail lines across the state, and it's not in the public's interest. Tesoro Corp. and Savage Cos. are proposing a $210 million terminal that would receive an average of four 1½-mile long crude oil trains a day, likely traveling on tracks between Spokane and Vancouver. Oil would temporarily be stored on site and then loaded onto tankers and ships bound for West Coast refineries. "This is too risky for the state of Washington," said Kristen Boyles, an attorney with Earthjustice representing Columbia Riverkeeper, Climate Solutions and six other groups who intervened in the proceedings to oppose the project. In briefs filed ahead of Monday's hearing, the cities of Vancouver and Spokane, among others, say they're concerned about the risk of oil spills and accidents as more trains cut through their communities. They question whether emergency responders would be able to handle a large fire from a derailment. "Tesoro's proposal constitutes a clear and present threat to human life and health," Vancouver city attorneys wrote. The council "simply has no ability to ensure the safety of Vancouver's citizens while the equivalent of 1,667 tanker trucks of volatile crude oil per day move into and out of the heart of the fourth largest city in Washington." In a separate brief, the state-appointed attorney who represents the public's interest in protecting the environment writes that oil trains moving across the state and close to or on the Columbia River "presents a continuing risk of significant environmental impacts and harm." The consequences of the worse-case oil spill would affect the Columbia River for years to come and cause losses to salmon, birds and other natural resources, assistant attorney general Matthew Kernutt wrote. The Yakama Nation and the Confederated Tribes of the Umatilla Indian Reservation also plan to show that the project interferes with their treaty-reserved fishing rights and that a potential oil spill could have devastating consequences to salmon and other natural resources on which the tribe depends. The Washington Department of Natural Resources is also urging the council to reject the project, citing risks of blazes from increased train traffic and other concerns. Vancouver Energy says the project can be done safely and will provide jobs and tax revenue as well as reduce dependency on foreign oil. Vancouver Energy General Manager Jared Larrabee said the terminal has committed to only accept tank cars that meet or exceed DOT-117 standards, has purchased and placed oil spill response equipment along the rail corridor and taken other safety measures.

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    Mon, 27 Jun 2016

  2. MARKET WATCH: NYMEX crude oil prices regain more than $1.50/bbl

    The light, sweet oil prices for August and September delivery each climbed more than $1.50/bbl on June 28 as traders and analysts switched their focus to world crude oil supplies after having fretted for the previous three sessions about the aftermath of the UK’s vote to leave the European Union.

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    Wed, 29 Jun 2016

  3. IHS: Oil sands output to rise 1 million bbl during 2016-25

    Oil sands production is forecast to increase nearly 1 million b/d by 2025, driven primarily by the expansion of existing facilities with more attractive economics, according to analysis from IHS.

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    Mon, 27 Jun 2016

  4. Oil and Gas News: Qatar Petroleum, Total form new company to develop oil field

    Qatar Petroleum and France's Total on Monday signed an agreement to create a new company that will develop and operate one of the world's largest oil fields located in the Arab Gulf country.

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    Tue, 28 Jun 2016

  1. Oil and Gas News: Alaska could end to oil checks paid to residents since 1982

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    Wed, 29 Jun 2016

  2. Oil and Gas News: Oil militants call for referendum on breaking up Nigeria

    Oil militants who have slashed Nigeria's petroleum production with attacks on pipelines called Sunday for a referendum on breaking up the Nigerian federation.

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    Mon, 27 Jun 2016

  3. Oil and Gas News: Oil train protesters briefly disrupt Obama speech

    Protesters objecting to crude oil shipments on Northwest railways briefly interrupted President Barack Obama's remarks in Seattle on Friday night.

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    Mon, 27 Jun 2016

  4. Survey: Outlook improving for US Eleventh District oil , gas firms

    Oil and gas companies in Texas, southern New Mexico, and northern Louisiana reported improved business activity for the second quarter and thus a more positive outlook for the rest of the year onward, according to executives responding to a quarterly Dallas Federal Reserve energy survey.

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    Wed, 29 Jun 2016

  5. Oman Oil completes offshore oil loading operation

    Marsol International has supported Oman Oil Co. Exploration & Production’s first shipment of crude oil from the Musandam gas plant.

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    Wed, 29 Jun 2016

  6. MARKET WATCH: Post-Brexit fallout eases on oil prices

    Crude oil prices on the New York and London markets continued their post-Brexit decline on June 27, falling more than $1 in a continued reaction to last week’s vote by Britain to leave the European Union.

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    Tue, 28 Jun 2016

  7. Oil and Gas News: United Arab Emirates to merge 2 Abu Dhabi investment funds

    A top United Arab Emirates official ordered the merger of two prominent government wealth funds on Wednesday, streamlining the country's investment strategy as it weathers a slump in oil prices.

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    Wed, 29 Jun 2016

  8. TAEP: Upstream job losses in Texas eclipse 100,000 despite rising oil prices

    An increase in crude oil prices in Texas to $43.38/bbl in May from $27.08/bbl in February couldn’t prevent the tally of upstream job losses from surpassing 100,000, according to the Texas Alliance of Energy Producers’ latest Texas Petro Index (TPI).

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    Mon, 27 Jun 2016

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