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Dallas Fed: Oil and Gas Activity Rises in Third Quarter

Dallas Fed, oil and gas activity

Surveys and reports from the Federal Reserve Bank of Dallas are now available for the third quarter. The business activity index – the survey’s broadest measure of conditions facing Eleventh District energy firms – was up from 13.8 in the second quarter to 26.7. While the survey still shows weakness in both industry employment and production, it does show some ...

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Iran oil industry fires, blasts raise suspicions of hacking

Iran, hacking

DUBAI, United Arab Emirates (AP) — A series of fires at Iranian petrochemical plants and facilities have raised suspicions about hacking potentially playing a role, with authorities saying that “viruses had contaminated” equipment at several of the affected complexes. Iran officially insists the six known blazes over the span of three months weren’t the result of a cyberattack. However, the ...

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In ‘Deepwater Horizon,’ an ecological disaster’s human toll

Deepwater Horizon, Mike Williams, Mark Wahlberg

TORONTO (AP) — The name Deepwater Horizon is synonymous to most with environmental catastrophe and corporate negligence. For Mike Williams, who survived the April 2010 oil-rig explosion by plunging into the Gulf of Mexico from several stories up, it was about something else. “My 11 brothers that got killed were immediately forgotten,” Williams said, speaking from his Sulphur Springs, Texas, ...

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Shell Nigeria refuses to confirm oil militants’ attack

Nigerian flag. Pixabay

WARRI, Nigeria (AP) — Shell Nigeria refused Monday to confirm a report by the Niger Delta Avengers militant group that it has bombed the company’s Bonny oil pipeline and again crippled its exports. Friday night’s bombing breaks a month-long ceasefire between militant groups and the government and comes days after repairs from an earlier attack had allowed Shell’s exports to ...

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Company restarts gasoline pipeline after leak in Alabama

Colonial pipeline, gasoline pipeline

ATLANTA (AP) — Colonial Pipeline restarted the gasoline pipeline in Alabama that had been shut down because of a major leak, which caused shortages and surging fuel prices across the South. The pipeline was reopened Wednesday evening, company officials said in a statement. The pipeline leak was discovered Sept. 9 near Helena, Alabama, when state workers noticed a strong gasoline ...

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North Dakota borrowing $6M for pipeline protest costs

DAPL protest

BISMARCK, N.D. (AP) — A North Dakota legislative committee has approved an emergency request to borrow $6 million to cover the cost of law enforcement related to the ongoing protest of the four-state Dakota Access oil pipeline. The state’s Emergency Commission, headed by Gov. Jack Dalrymple, voted Wednesday to borrow the funds from the state-owned Bank of North Dakota. The ...

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