U.S. Accused of Changing Drilling Rule
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The Sierra Club alleges in a lawsuit that the Bush administration changed a rule so oil and gas producers could more easily drill under national parks from outside their boundaries.
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British energy major BP has confirmed that it was facing a US investigation over whether the group had manipulated crude oil and motor fuel markets.
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By Frank Munger, The Knoxville News-Sentinel, Tenn.  Dec. 11--OAK RIDGE -- The U.S. Department of Energy has revised its  strategy -- and its price tag -- for one of the most challenging nuclear  projects in recent history.
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The Senate and House make a controversial move to control alleged profiteering.
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U.S. officials on Wednesday announced a tentative land swap that they say would enlarge an Alaska wildlife refuge but that critics charge would open up the area to oil and gas development.
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A US oil trader launches a civil lawsuit against BP, alleging it manipulated oil prices in the US in 2003 and 2004.
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The contract driller has hit a dry patch in the oil patch.
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The head of the House Energy and   Commerce Committee chided BP Plc. BP.L executives on Thursday   for overlooking corrosion that threatened to shut down the   giant Prudhoe Bay oil field in Alaska, calling the UK-based   energy giant's policies "as rusty as its pipelines."
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A new report says that the department responsible for collecting billions of dollars from oil and gas companies that drill on federal lands is plagued with ethical lapses.
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WASHINGTON, Sep 20 (IPS) - Encouraged by a Russian government decision last  week to enforce tougher environmental regulations for the  controversial Sakhalin II oil project, international  environmentalists say that the European Bank for Reconstruction  and Development (EBRD) should change course and withhold funding  for the project or risk violating domestic Russian law.
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Experts say the move could lead to suits against the U.S. or private companies.
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Alaska regulators on  Wednesday defended their oversight of BP Plc , but  advocated tighter rules after leaks forced the oil giant to  shut down 12 oil wells this week.
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By TANIA SOUSSAN For the Journal A six-year battle over a patch of southern New Mexico known as Otero Mesa took a turn recently with calls from the state's congressional delegation for a moratorium on oil and gas development.
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The Bush administration called Monday for a major change in the way federal power suppliers charge their customers &#151; basing rates on market prices at the time rather than the cost of producing the electricity.
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At a time when the nation is chafing at its persistent dependence on foreign oil, it is becoming clear that the United States may be headed for the same situation with natural gas.
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ANCHORAGE, Alaska  - A U.S. federal appeals court has ordered Royal Dutch Shell Plc  to suspend oil exploration operations in the Beaufort Sea off the north coast of Alaska pending a legal challenge being brought by environmental activists and Alaska native groups.
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Federal commodities regulators have recommended civil action against the oil company BP for allegedly manipulating unleaded gasoline futures prices on Halloween in 2002, the company disclosed in a Securities and Exchange Commission filing yesterday.