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Anadarko reports $1.25 billion loss in 4Q

Anadarko reports $1.25 billion loss in 4Q

Anadarko Petroleum posted a loss of $1.25 billion in the fourth quarter. The Texas-based company plans to slash nearly half of its budget next year as it weathers plunging oil prices. For the year, Anadarko posted losses of $6.69 billion, or $13.18 per share. Anadarko CEO Al Walker said the company’s decision not to expand drilling programs in 2015 paid ...

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Federal coal sales moratorium shakes industry stronghold

GILLETTE, Wyo. — Like a trusty pickup truck, Gillette has bounced through tough times before and pulled through, thanks to coal. Lately the bumps for an industry that’s brought wealth and jobs to this town are getting bigger — bankruptcies of major producers, pollution rules that have made burning coal more expensive and the decline of a once-promising export market. ...

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Regulators back continuing operations at Colorado coal mine

Coal loadout operations at Bowie Resources' Bowie No. 2 mine in western Colorado. (Image: WildEarth Guardians via Flickr)

CRAIG, Colo. — Federal regulators say allowing a northwestern Colorado coal mine to continue operating would have no significant impact on the environment. An arm of the Interior Department released the preliminary finding regarding the Trapper Mine Monday after a federal judge ordered another environmental review because the original review didn’t take a serious look at the impacts, including climate ...

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Spate of layoffs sweeps energy industry

Spate of layoffs sweeps energy industry

A sustained downturn led to thousands of layoffs this week as companies struggle to weather the prolonged energy market slump. Falling oil prices forced many producers to cut costs and streamline business. The International Energy Agency said oil prices may fall further this year due to low demand and an oversupply of crude. Schlumberger Schlumberger cut 10,000 jobs and reported ...

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Colorado regulators trying to finalize new oil, gas rules

DENVER — Colorado regulators are trying to finalize new rules intended to give local governments a limited say in where large oil and gas facilities are located. The state Oil and Gas Conservation Commission was holding its fourth day of hearings Monday on the proposals. Previous sessions were held last year. The commission is considering two rules that would allow ...

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Minimizing the risk of bankruptcy with efficient oilfield water management

For many years the industry has discussed the importance of the Energy-Water Nexus. This term highlights the interconnection and critical nature of water in energy production and conversely the requirement of energy for water production. Professionals in the upstream energy sector live and work within this Nexus on a daily basis. Water is both the largest input and output within ...

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