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Feb 20, 2015

Amid controversy, oil trains quietly rerouted through Virginia towns

Feb 20 (Reuters) – Hundreds of communities across the United
States have become accustomed to the sight of mile-long oil
trains rumbling by in recent years. Pembroke, Virginia, was not
one of them, until now.

CSX Corp is temporarily rerouting up to five oil
trains through this small riverside town to bypass the site of
an explosive oil train derailment that occurred 90 miles north
in Mount Carbon, West Virginia, on Monday. The
trains will likely travel instead on a track that hugs the New
River and at one point sweeps into the Pembroke town limits.

Feb 18, 2015

CSX oil train still on fire after West Virginia derailment

NEW YORK, Feb 18 (Reuters) – Tank cars from a derailed oil
train were still on fire in West Virginia on Wednesday, two days
after an explosive accident in which 25 cars went off the rails,
a CSX Corp spokeswoman said.

Twenty cars caught fire after Monday’s derailment in the
small town of Mount Carbon 33 miles (54 km) southeast of
Charleston.

Feb 17, 2015

Derailed CSX train in W. Virginia hauled newer-model tank cars

Feb 17 (Reuters) – An oil train was still on fire and
leaking in West Virginia on Tuesday, a day after it derailed and
erupted in flames, according to CSX Corp, which said the train
was hauling newer model tank cars, not the older versions widely
criticized as prone to puncture.

The train, which was carrying North Dakota crude to an oil
depot in Yorktown, Virginia, derailed in a small town 33 miles
(54 km) southeast of Charleston, causing 20 tank cars to catch
fire. Several were still leaking oil on Tuesday. All the oil
tank cars on the 109-car train were CPC 1232 models, CSX said
late Monday.

Feb 13, 2015

US oilfield jobs cull gains pace, more pain ahead

Feb 13 (Reuters) – When Ian Sandlin was laid off last week
after 13 months working on oil rigs in southeast Texas, he was
surprised to have lasted that long.

“I knew it was coming,” he said. “I wasn’t the first to be
let go.”

Feb 10, 2015

Halliburton to cut thousands of jobs as oil slumps

NEW YORK, Feb 10 (Reuters) – U.S. oil services company
Halliburton said on Tuesday it expects to cut
potentially more than 6,000 jobs across the globe because of a
“challenging market environment” resulting from low oil prices.

Halliburton, the latest in a growing list of major oil
industry companies laying off workers because of a worldwide
glut of crude, said it expects to let go 6.5 percent to 8
percent of its 80,000-strong workforce, amounting to between
5,200 and 6,400 jobs.

Jan 20, 2015

U.S. oil firms see drilling slowdown continuing as prices slump

NEW YORK, Jan 20 (Reuters) – Oil drilling in the United
States will continue to fall in the first half of this year, and
could even halve, according to major oil service companies
looking to past slowdowns as a guide.

Baker Hughes Inc and Halliburton Co, two of
the largest U.S. oil service firms, were outwardly confident at
the release of quarterly earnings on Tuesday. They have
weathered downturns in the past, and this time is no different,
they said.

Jan 16, 2015

Amid U.S. oil price crash, cost cutting ripples through industry

NEW YORK, Jan 16 (Reuters) – Any lingering doubt about the
depth of the crisis facing the U.S. energy industry is quickly
evaporating as even the biggest firms slash spending amid the
steepest oil price crash since the recession, sending ripples
across the vast sector.

In a stark sign of how a sudden, 60 percent drop in oil
prices is biting, oil services giant Schlumberger Ltd on
Thursday said it will reduce spending this year by 25 percent
and fire 9,000 workers worldwide, surprising investors with the
size of the cuts.

Jan 12, 2015

As oil plummets, how much pain still looms for US energy firms?

NEW YORK, Jan 12 (Reuters) – With nearly a quarter of U.S.
energy shares’ value wiped out by oil’s six-month slide,
investors are wondering if the sector has taken enough
punishment and whether it is time to pile back in ahead of
earnings reports later this month.

The broad energy S&P 1500 index gained more than 4
percent over the past month, suggesting many believe markets
have already factored in the pain caused by oil prices tumbling
by more than half since June below $50 a barrel.

Dec 22, 2014

Suspected New York police killer had violent, troubled past

NEW YORK (Reuters) – Shortly before 3:00 p.m. on Saturday, a 28-year old with a long criminal past approached two strangers on a commercial street of Brooklyn’s Bedford-Stuyvesant neighborhood.

“Watch what I’m going to do,” he said, before firing four rounds into a nearby police cruiser, killing two officers in what New York law enforcement officials later described as an “assassination.”

Dec 22, 2014

Police officers’ slaying raises pressure on New York mayor

NEW YORK (Reuters) – New York Mayor Bill de Blasio faced the biggest crisis of his political career on Sunday after a gunman killed two police officers in an attack intended to avenge recent police killings of unarmed black men in the United States.

New York police officers turned their backs on de Blasio in protest during a news conference and their union said the mayor had blood on his hands after Saturday’s shooting. Police investigators have said the killings were the work of a 28-year-old black man with a long arrest record who may have had past mental troubles and who warned of his intentions on social media.