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Sunoco oil pipeline leaks in Ohio nature preserve

By Edward McAllister (Reuters) - A major oil pipeline owned by Sunoco Logistics Partners LP leaked thousands of gallons of crude oil into a nature preserve in southwest Ohio late on Monday. Between 7,000 and 10,000 gallons (26,000-38,000 liters) of sweet crude leaked into the Oak Glen Nature Preserve about a quarter of a mile from the Great Miami River, according to early estimates from the Ohio Environmental Protection Agency.

Mexico's Pemex mulls crude imports, more exports to India, Japan

By David Alire Garcia and Ana Isabel Martinez MEXICO CITY (Reuters) - Mexico's Pemex <PEMX.UL> is considering crude imports to boost local refinery output, but at the same time, it expects to sell more oil to India and Japan to diversify its export markets.

Athabasca Oil founder steps down after Dover project gets government's OK

CALGARY - The founder and chairman of Athabasca Oil Corp. (TSX:ATH) is stepping down a day after its Dover oilsands project received a long-awaited green light from the Alberta government. William Gallacher, who founded the company in 2006, has chosen to resign from the company's board of directors so he could "concentrate on his other endeavours," the company said in a release Friday. Gallacher will be replaced by current board member Thomas Buchanan, effective immediately.

Oil prices rise; IEA lifts demand forecast

Oil prices rose on Friday as the International Energy Agency forecast demand would climb faster than expected as the world economic outlook improves. But the IEA, which advises countries on energy policy, also noted that the crisis in Ukraine could still drag down overall consumption. Markets are additionally on alert over slower growth in China, the world's biggest energy consumer, that could result in downward pressure for prices.

US ends BP contract ban

The United States announced Thursday an end to its ban on BP obtaining government contracts following the 2010 Deepwater Horizon disaster in the Gulf of Mexico. The Environmental Protection Agency said that BP "agreed to safety and ethics improvements" in exchange for removing the ban, which had hurt the British company's ability to do business in the United States. The five-year deal with the EPA will allow BP to pursue new oil exploration leases in deepwater tracts in the Gulf of Mexico, which still bears many traces of the massive 2010 spill, the worst in US history.

BP, federal government agree to once again do business after Gulf oil spill

WASHINGTON - The oil company behind the largest offshore oil spill in U.S. history can once again perform work for the federal government. Under an agreement reached Thursday with the U.S. Environmental Protection Agency, more than two dozen BP entities and its Houston-based oil production and exploration arm can secure new government contracts.

Former Obama adviser: If you reject Keystone XL, you 'make Mr. Putin's day'

WASHINGTON - President Barack Obama's former national security adviser says rejecting the Keystone XL pipeline would be a gift to Vladimir Putin and a blow to the historic U.S. goal of energy independence. James Jones delivered a staunch endorsement of the project on geostrategic grounds during a Senate hearing Thursday examining whether approving it would be in the U.S. national interest.

Reactions mixed to approval pause for shallow oilsands drilling in Alberta

EDMONTON - Environmental groups are giving Alberta's energy regulator a rare pat on the back over its decision to delay approvals for certain types of oilsands projects over concerns about the intensity of development. "It's encouraging that the (regulator), despite the pressure to increase development, is willing to take a pause when it's required," said Erin Flanagan of the Pembina Institute, an environmental think-tank.

US ends contract ban on BP

The United States announced Thursday an end to its ban on BP obtaining government contracts following the 2010 Deepwater Horizon disaster, the worst oil spill in US history. The Environmental Protection Agency said in a tweeted statement that BP "agreed to safety and ethics improvements" in exchange for removing the ban, which had hurt the British company's ability to do business in the United States.

Environmental regulator ends US contract ban on BP

The US Environmental Protection Agency announced Thursday an end to its ban on BP obtaining government contracts following the 2010 Deepwater Horizon disaster in the Gulf of Mexico. The EPA said in a tweeted statement that BP "agreed to safety and ethics improvements" in exchange for removing the ban, which had hurt the British company's ability to do business in the United States.
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