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ENERGY NEWS

Yahoo! News: Business - Energy & Oil Industry
Business - Energy & Oil Industry

Temporary cap that stopped oil gusher removed (AP)
AP - Engineers removed a temporary cap Thursday that stopped oil from gushing into the Gulf of Mexico from BP's blown-out well in mid-July. No more oil was expected to leak into the sea, but crews were standing by with collection vessels just in case.
Fire out on Gulf of Mexico rig, no oil slick: Coast Guard (AFP)
AFP - Crews managed to extinguish a massive blaze on a rig in the Gulf of Mexico Thursday and have not been able to locate an oil slick spotted earlier in the day, the Coast Guard said.
No sign of oil spill after Gulf platform fire (AP)
AP - The Coast Guard is saying there are no immediate signs of a spill from an oil platform fire in the Gulf of Mexico off the Louisiana coast.
Fishing reopened in 5,130 square miles of Gulf (AP)
AP - Federal authorities have lifted a fishing ban in part of the northern Gulf of Mexico from the Florida Panhandle to the far eastern coast of Louisiana.
Oil prices rise after mixed economic news (AP)
AP - Oil prices ended higher Thursday after an initial retreat as investors put a positive spin on reports about jobs, manufacturing and home sales.
Slick seen from rig ablaze in Gulf of Mexico: Coast Guard (AFP)
AFP - A mile-long slick was spreading from an oil platform ablaze in the Gulf of Mexico Thursday, the Coast Guard said, citing a report from rig workers who jumped into the sea to safety.
Canada oil industry to see strong profits in 2010: report (Reuters)
Reuters - Canadian oil producers are likely to widen their bottom line this year, helped by a rebound in global consumption and rising oil prices, an industry report by a non-profit research organization said.
Oil spill seen in Gulf platform explosion (Reuters)
Reuters - An oil and gas platform in the Gulf of Mexico exploded on Thursday, setting off a blaze and a small oil spill, but the accident does not appear to be as serious as BP's deadly rig explosion and oil spill in April.
Oil rig blast forces 13 workers into Gulf of Mexico (AFP)
AFP - An explosion ripped through an oil rig in the Gulf of Mexico on Thursday forcing 13 people into the water, one of whom was injured, the US Coast Guard said.
No sign of oil leak after Gulf of Mexico rig blast: company (AFP)
AFP - There is no sign of an oil spill after a rig caught fire in the Gulf of Mexico, a spokesman for rig operator Mariner Energy said.
Citizen Group Launches Multi-Million Dollar Ad Campaign to Stop Higher Energy Taxes (PR Newswire)
PR Newswire - ALEXANDRIA, Va., Sept. 2 /PRNewswire-USNewswire/ -- The 362,000-member National Taxpayers Union (NTU) today launched an over $4 million national television and radio advertising campaign to oppose efforts from federal officials that would increase taxes on American energy companies. Â The NTU spots, which stress the negative economic and job-loss impact of the tax proposals, will appear on national cable networks and on local stations in Arkansas, Iowa, Nebraska, Virginia, and Washington. Â See the national cable commercial on YouTube.
Energy industry critical of Wyo. royalty fee hike (AP)
AP - Oil and gas representatives are voicing criticism about the first proposed changes to Wyoming's oil and gas leasing contract in nearly three decades, including a provision increasing royalties paid to the state.
Energy explorer Tullow Oil expands in east Africa (AFP)
AFP - Anglo-Irish energy firm Tullow Oil said Thursday it would buy a 50-percent stake in six exploration licences in Kenya and Ethiopia, expanding its reach in east Africa.
Cairn says Greenland ops resume after protest (AFP)
AFP - Scottish oil exploration group Cairn Energy said Thursday it had resumed operations on a rig off the coast of Greenland after Greenpeace ended a protest.
Oil prices fall after brief surge (AFP)
AFP - World oil prices dropped Thursday on profit-taking after soaring a day earlier in the wake of booming US manufacturing data, traders said.
Oil eases below $74, eyes on U.S. jobs reports (Reuters)
Reuters - Oil fell further below $74 a barrel on Thursday, weighed by record high inventories in top consumer the United States and investor caution ahead of U.S. employment reports.
Costco's key Aug. revenue figure rises 7 percent (AP)
AP - Costco Wholesale Corp. said Thursday that revenue at stores open at least a year increased 7 percent in August, buoyed by higher gas prices and improved international revenue.
Global stocks hit two-week high on manufacturing optimism (Reuters)
Reuters - World stocks hit a two-week high on Thursday and oil prices rose as optimism from strong U.S. and Chinese manufacturing data extended into a second day ahead of a euro zone interest rate decision and key U.S. jobs data.
Oil hovers below $74 as Asian stocks gain (AP)
AP - Oil prices hovered below $74 a barrel Thursday in Asia, consolidating a big gain the day before as an Asian and U.S. stock market rally buoyed investor confidence.
Gazprom's Q1 profits triple to $10.6 bln (AP)
AP - Russia's gas giant Gazprom said Thursday its net profit tripled to 324.9 billion rubles ($10.6 billion) in the first quarter of the year as the company capitalized on a cold winter in Europe.

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