Tag Archives: oil

Vt. becomes first state to ban hydraulic fracturing

MONTPELIER, Vt. — Gov. Peter Shumlin on Wednesday signed into law the nation’s first ban on a hotly debated natural gas drilling technique that involves blasting chemical-laced water deep into the ground. The Democrat, surrounded at a Statehouse ceremony by ...

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Obama creates working group on gas drilling

WASHINGTON — The Obama administration said Friday it is creating a high-level working group to coordinate federal oversight of natural gas production, amid industry complaints that excessive regulation could stymie a natural gas boom that has pushed prices to 10-year ...

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Trade deficit shrinks for fourth straight month

WASHINGTON — The U.S. trade deficit narrowed in October to its lowest point of the year after Americans bought fewer foreign cars and imported less oil. The shrinking trade gap boosted growth over the summer and may do so again ...

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Colfax to buy Cot-Puritech in $34M deal

FULTON — Pump and valve maker Colfax Corp. is buying Cot-Puritech, an oil flushing and remediation services supplier, for at least $34 million. Colfax said Wednesday that the acquisition will expand its total lubrication management services offering, particularly for the oil ...

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