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In the wake of Energy Transfer Enterprises’ (ETE) thus far unsuccessful takeover bid of Williams Cos., some in the industry are predicting more of the same type of activity as cheap energy spurs stronger companies to look for less sound rivals to gobble up.

LOS ANGELES (AP) — Firefighters investigating a reported petroleum stench at a California beach last month didn't take long to find a spill — oil was spreading across the sand and into the surf. Tracing the source, they found crude gushing from a bluff like a fire hose "without a nozzle," records show.

BOGOTA, Colombia (AP) — President Juan Manuel Santos says an oil spill triggered by a rebel attack on a pipeline the worst environmental disaster in Colombia's history.

Santos made the comments Friday while visiting the southern port city of Tumaco to survey damage from the June 22 bombing by the Revolutionary Armed Forces of Colombia.

Magellan Midstream Partnersand LBC Tank Terminals, LLC ("LBC") announced they formed a 50/50 limited liability company. Seabrook Logistics, to own and operate crude oil storage and pipeline infrastructure in the Houston Gulf Coast area.

The assets will include more than 700,000 bbls of new crude oil storage and other distribution infrastructure located adjacent to LBC’s existing terminal in Seabrook. In addition, the JV will build an 18-inch pipeline, which will connect the new storage to an existing third-party pipeline that will transport crude oil to a Houston-area refinery.

NEW YORK (AP) — European regulators have cleared Siemens' $7.6 billion acquisition of the U.S. oilfield equipment-maker Dresser-Rand.

The German electronics and engineering company is beefing up its global oil and gas and power generation businesses, seeing growth opportunities in Dresser-Rand's portfolio of compressors, steam and gas turbines and engines.

The deal is scheduled to close on June 30.

Siemens AG has agreed to pay $83 per common share of Dresser-Rand, which has a market capitalization of $6.12 billion. The deal includes assumption of debt.

WASHINGTON (AP) — A divided Supreme Court on Monday ruled against federal regulators' attempt to limit power plant emissions of mercury and other hazardous air pollutants.

The rules began to take effect in April, but the court split 5-4 along ideological lines to rule that the Environmental Protection Agency failed to take their cost into account when the agency first decided to regulate the toxic emissions from coal- and oil-fired plants.

Increased refinery runs, based on increases in both capacity and use, have helped accommodate increases in U.S. crude oil production.

The United States' capacity to refine crude oil into petroleum products – measured as operable atmospheric crude distillation unit (CDU) capacity – increased by 0.2% in 2014, reaching 18 MMbpd, according to EIA's annual Refinery Capacity Report.

Oil from Canada’s oil sands is about 20% more carbon-intensive on average than crude from elsewhere.

That is the damming conclusion from a forthcoming new study by the U.S. Department of Energy’s (DOE) Argonne National Laboratory and its partners. The study looked at a wells-to-wheels analysis, which takes into account greenhouse gas emissions along the entire supply chain, from extraction to transit, refining, and finally combustion by the end user.

As recently as last year, only four countries in the world were producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil): the United States and Canada, and more recently, Argentina and China.

Beyond these four countries, other countries have started exploring hydrocarbons from shale and other tight resources, but they are still short of reaching commercial production.

Arkema Inc., Georg Fischer Central Plastics LLC, and BioResource Development LLC (BRD) have partnered on a project to install a polyamide 11 (PA11) piping system to connect landfill gas to the local gas distribution system near Omaha, NE.