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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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Oil marks time near $101 as supply figures awaited

BANGKOK (AP) — Oil marked time near $101 a barrel Friday as traders awaited the release of official figures on U.S. stockpiles.

U.S. benchmark crude for November delivery was up 19 cents at $100.86 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

The contract dropped $1.62 to $100.67 on Thursday as investors assessed the economic impact of the 16-day government shutdown that ended after an eleventh hour budget deal late the day before.

With the regular supply report from the Energy Department postponed this week by the shutdown, traders took cues from the industry-funded American Petroleum Institute instead. The API said that U.S. stocks of crude oil rose by 5.9 million barrels last week, about twice the build expected by analysts and suggesting demand might have been reduced by the shutdown.

The Energy Information Administration figures, which are considered more reliable, will be released on Monday.

Brent crude, the international benchmark, was up 15 cents at $109.26 a barrel on the ICE futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 0.5 cent to $2.639 a gallon.

— Natural gas dropped 2.2 cents to $3.735 per 1,000 cubic feet.

— Heating oil added 0.7 cent to $2.995 a gallon.

 

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