UPDATE 2-Safety measures ordered for failed oil pipeline in California

LOS ANGELES, May 22 - Owners of an oil pipeline that burst in California this week must take numerous corrective measures, including an in-depth analysis of factors contributing to the spill and a plan to fix any flaws found, before they can restart the line, U.S. safety officials said on Friday.

Activists damage habitat in Seattle bay during Shell oil protests

SEATTLE, May 22 - Environmental activists who fanned out in small boats across a Seattle bay over the weekend in a protest over Royal Dutch Shell 's plans for Arctic oil exploration in the have damaged "precious habitat" on the sea floor, a state official said on Friday.

Markets, Stocks, Industrials 8:54pm EDT

Arch Coal in talks with restructuring advisers to cut debt -WSJ

May 22 - U.S. miner Arch Coal Inc is in talks with restructuring advisers as it seeks to reduce its debt, the Wall Street Journal reported on Friday, citing sources familiar with the matter.

Pipeline spill could further hamper big California oil projects

HOUSTON, May 22 - Hundreds of barrels of oil that gushed from a ruptured coastal pipeline in scenic California this week could stiffen opposition to large oil projects that companies want to build in the state, notably those to deliver cheap U.S. crude on trains.

Stocks, Markets, Industrials 5:39pm EDT

U.S. Senators urge Obama administration to block Arctic oil drilling

WASHINGTON, May 22 - A group of 18 mostly Democratic U.S. senators on Friday urged the Obama administration to stop Royal Dutch Shell's preparations for oil exploration in the Arctic, saying the region has a severely limited capacity to respond to accidents.

5:17pm EDT
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