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North Dakota tentatively approves higher level of radioactivity in oil waste

The North Dakota State Health Council voted unanimously Aug. 11 to adopt rules that would permit waste, including oil field waste, containing radioactivity levels of up to 50 picocuries/g of technologically enhanced radioactive material to be disposed at approved landfills.

MARKET WATCH: NYMEX crude oil prices dip to lowest level since 2009

The front-month light, sweet crude oil contract settled just above $43/bbl on the New York market Aug. 11, touching a 6-year low. China’s central bank devalued its currency, prompting steep declines in oil prices. Brent crude oil prices on the London market settled below $50/bbl on Aug. 11.

Beach exits Egypt, enters Cooper basin in Queensland

Beach Energy Ltd., Adelaide, has signed an agreement for the sale of its Egyptian subsidiary to UK-based Rockhopper Exploration PLC. The assets include a 22% interest in the Abu Sennan concession.

India’s IOC plans capacity expansion at Barauni refinery

State-owned Indian Oil Corp. Ltd. (IOC) has informed India’s federal government that it will increase crude oil processing capacity at the company’s 6 million-tonne/year (tpy) Barauni refinery in Begusarai District, Bihar.

EIA: US crude output declines to continue through mid-2016

Total US crude oil production declined 100,000 b/d in July compared with June, and is expected to continue decreasing through mid-2016 before growth resumes late in 2016, according to the US Energy Information Administration’s most recent Short-Term Energy Outlook (STEO).

Uganda names 16 firms eligible for first licensing round

Uganda’s government has granted approval to 16 companies to bid on exploration rights for six blocks in the nation’s Albertine Graben region.

MARKET WATCH: NYMEX crude oil prices rose to nearly $45/bbl

Both light, sweet crude oil and Brent crude oil prices rose more than $1/bbl on the New York and London markets Aug. 10, but prices appeared to be falling again in early Aug. 11 trading upon news that China’s central bank devalued its currency.

Eventful first half for Petrobras ends with income down 43%

During a first half in which it endured a massive anticorruption probe and tax dispute with Brazilian authorities, Petroleo Brasileiro SA (Petrobras) reported net income of $1.69 billion, down 43% compared with first-half 2014. Its second-quarter net income plunged 90% year-over-year to $154 million.

California pipeline leak to cost at least $257 million, PAA estimates

A crude oil pipeline leak north of Santa Barbara, Calif., will cost Plains All American Pipeline LP at least $257 million, the Houston midstream transportation company estimated in its latest Form 10Q filing with the US Securities and Exchange Commission.

Keyera takes 50% stake in portion of Grand Rapids pipeline

Keyera Corp. has agreed to acquire 50% interest in the southernmost section of the 20-in. diluent Grand Rapids pipeline, entering into a 50-50 joint venture with the Grand Rapids Pipeline Limited Partnership, a 50-50 JV of TransCanada Corp. and PetroChina Co. Ltd. Canadian subsidiary Brion Energy Corp.

Clinton's energy goals point toward economic hazard

If Hillary Clinton becomes president of the United States and implements the energy policy she's now describing, she won't win a second term.

API: Oil, gas boost 2015 US trade balance

The oil and gas industry continues to drive US economic gains in 2015, a trend that could accelerate under free trade policies, noted American Petroleum Institute Chief Economist John Felmy in comments about the Aug. 5 midyear trade report from the US Department of Commerce.

Momentum to repeal crude export ban continues to build, Gerard says

The drive to remove the 40-year-old ban on exporting US-produced crude oil is gaining momentum as more members of Congress recognize the action's obvious energy, economic, and security benefits, American Petroleum Institute Pres. Jack N. Gerard said.

Nelson vows to block Murkowski's stand-alone crude oil bill

The US Senate Energy and Natural Resources Committee approved Chair Lisa Murkowski's (R-Alas.) bill to end the ban on exporting US-produced oil. But Sen. Bill Nelson (D-Fla.) immediately said he would try to block it procedurally because of the measure's provision expanding the number of coastal states sharing federal offshore oil and gas revenue.

Watching Government: Gas and the Clean Power Plan

The Obama administration may hope that the final rule for coal-fired power plants that it announced Aug. 3 will lead to more renewable and alternative technologies being deployed.

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