• Asia stocks gain after ECB upgrades growth ahead of US jobs

    Updated: 51 min ago

    SEOUL, South Korea (AP) — Asian stock markets were higher on Friday as investor sentiment was boosted by the European Central Bank's growth forecast upgrade and expectations for a solid increase in U.S. employment. KEEPING SCORE: Japan's Nikkei 225 rose 1.2 percent to 18,971.00 and South Korea's Kospi added 0.7 percent to 2,012.94. Hong Kong's Hang Seng edged down 0.2 percent to 24,147.46. Stocks in Taiwan, Singapore and Indonesia rose but Australia's S&P/ASX 200 was flat at 5,898.90. US JOBS: The U.S. government issues the February jobs report on Friday. The consensus forecast is that the world's largest economy added 240,000 jobs last month after adding 257,000 jobs in January. Analysts said wage increases will be the mos

  • Train carrying Bakken crude derails, burns in Illinois

    Updated: 1 hr ago

    GALENA, Ill. (AP) — A freight train loaded with crude oil derailed in northern Illinois, bursting into flames and prompting officials to suggest that everyone with 1 mile evacuate, authorities said. The BNSF Railway train derailed Thursday afternoon in a rural area where the Galena River meets the Mississippi, according to company spokesman Andy Williams. The train had 103 cars loaded with crude oil, along with two buffer cars loaded with sand. A cause for the derailment hadn't yet been determined. No injuries were reported. Only a family of two agreed to leave their home, Galena City Administrator Mark Moran said at a news conference late Thursday, adding that the suggestion to evacuate was prompted by the presence of a pr

  • Wash. House passes bill to improve safety of oil transport

    Updated: 1 hr ago

    OLYMPIA, Wash. (AP) — The Washington state House passed a bill Thursday night to strengthen safety regulations as increasing numbers of oil trains move through the state. The measure, which drew bipartisan support in a 60-38 vote, requires advance notice of oil transfers, allows for the possibility of tug escorts for oil barges and requires railroads and others to show they can pay for oil spill cleanup. It would increase a barrel tax collected on oil that comes to the state by train from 4 cents to 8 cents per 42 gallons, with the proceeds going to an oil-spill response fund, and extend the tax to pipelines.

  • Future carbon dioxide regulations discussed in $1.1 billion Oklahoma Gas and Electric Co. compliance plan

    By Paul Monies, Business Writer | Published: Fri, Mar 6, 2015

    How Oklahoma Gas and Electric Co. accounted for future carbon dioxide regulations was among the issues discussed Thursday as a hearing continued into the utility’s $1.1 billion plan for environmental compliance and replacement generation.

  • Oklahoma Plugging in business briefs for March 6

    Published: Fri, Mar 6, 2015

    Oklahoma Plugging in business briefs for March 6, 2015

  • Oil and gas prices for March 6

    Published: Fri, Mar 6, 2015

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $47.25 Oklahoma Sour: Sunoco Inc. — $35.25 Oklahoma oil and gas drilling activity posted Feb. 19: COMPLETION Alfalfa: SandRidge Exploration & Production LLC; Gracie 2410 No. 1-31H Well; SE1/4 SW1/4 SW1/4 SE1/4 (SL) of 31-24N-10W; TD 11,872. Canadian: Cimarex Energy Co.; Copeland No. 2-33H Well; SW1/4 SW1/4 SE1/4 SW1/4 (SL) of 28-13N-09W; 745,000 cu-ft gas per day; TD 17,903. Carter: Chaparral Energy LLC; FDSU No. 49-12 Well; NE1/4 NW1/4 SW1/4 SE1/4 (SL) of 29-02S-03W; 24 barrels oil per day 20,000 cu-ft gas per day; TD 5,127. Chaparral Energy LLC; Fox Deese Spring Unit

  • Another solid month of job gains over 200K expected for Feb.

    Updated: 3 hr ago

    WASHINGTON (AP) — U.S. employers are expected to follow the best three-month burst of hiring in 17 years with another solid round of job gains in February. Still, the result is unlikely to match the furious pace of November through January, when 1 million positions were added. Economic growth probably isn't fast enough to sustain such a large gain. And harsh winter weather might have discouraged some hiring. Economists have forecast a job gain of 240,000 and a drop in unemployment to a near-normal 5.6 percent from 5.7 percent, according to the data firm FactSet. That would be evidence of a job market that continues to outshine others around the world. The February jobs report will be released at 8:30 a.m. Eastern time

  • Freight train carrying crude oil derails near Illinois city

    Updated: 3 hr ago

    GALENA, Ill. (AP) — A freight train loaded with crude oil derailed in northern Illinois on Thursday, bursting into flames and prompting officials to suggest that everyone with 1 mile evacuate, authorities said. The BNSF Railway train derailed around 1:05 p.m. in a rural area where the Galena River meets the Mississippi, according to company spokesman Andy Williams. The train had 103 cars loaded with crude oil, along with two buffer cars loaded with sand. A cause for the derailment hadn't yet been determined. No injuries were reported. Only a family of two agreed to leave their home, Galena City Administrator Mark Moran said at a news conference late Thursday, adding that the suggestion to evacuate was prompted by the presen

  • Despite low oil prices, drilling continues in southern Oklahoma

    By Adam Wilmoth, Energy Editor | Published: Thu, Mar 5, 2015

    A series of overlapping oil fields with peculiar names has the potential to grow into a significant area of oil development.

  • Natural gas storage slides with cold temperatures

    By Adam Wilmoth, Energy Editor | Published: Thu, Mar 5, 2015

    Continued cold weather throughout much of the country led to another big storage drawdown this week, but supply levels remain strong for this time of year.

  • Bills would guarantee dominance by 2 big Michigan utilities

    Updated: 6 hr ago

    LANSING, Mich. (AP) — Michigan would end 15 years of competition in the electricity market and its 10 percent renewable power requirement would be left intact — but not rise — under a rewrite of the state's energy law proposed Thursday by a key Republican. House Energy Policy Chairman Aric Nesbitt of Lawton said guaranteeing Michigan's two dominant utilities 100 percent of sales in their regions would save customers money and ensure the power supply is reliable. Michigan deregulated the market in 2000. Competitors who sell power to businesses and schools are allowed up to 10 percent of the market under a 2008 law, which also required more electricity to come from renewable sources and added a small monthly fee to bills

  • Dayton doubts GOP commitment to solving road-fund quandary

    Updated: 6 hr ago

    ST. PAUL, Minn. (AP) — Gov. Mark Dayton ramped up pressure Thursday on majority House Republicans to produce a viable alternative to his multi-billion dollar proposal for roadwork and mass-transit projects, which is stuck in neutral at the Capitol. Dayton joined Democratic Senate Majority Leader Tom Bakk in questioning the GOP's commitment to tackling the transportation-funding issue this year as the session nears its midpoint. Dayton said the options raised by his adversaries so far amount to "a slice of the surplus and a double-dose of make-believe." Dayton has proposed a new gas tax of at least 16 cents per gallon and higher vehicle registration fees to dedicate billions of dollars more for long-term transportation spend

  • Court ruling sends Navajo Mine expansion bid back for review

    Updated: 7 hr ago

    FLAGSTAFF, Ariz. (AP) — The effects of burning coal at a northwestern New Mexico power plant must be considered in deciding whether the sole coal supplier can expand mining operations, a federal judge ruled this week. The ruling from U.S. District Judge John Kane in Colorado means the federal Office of Surface Mining, Reclamation and Enforcement must review its decision allowing a 714-acre expansion of the Navajo Nation's Navajo Mine. Agency spokesman Christopher Holmes didn't immediately return a message Thursday seeking comment. Environmental groups sued the agency in 2012, challenging its claim that the mine isn't harming the environment or people's health.

  • Scientists outline research wish list for nuclear energy

    Updated: 7 hr ago

    ALBUQUERQUE, N.M. (AP) — Engineers and researchers from national laboratories and universities around the country said Thursday that the United States needs to develop a proving ground where the latest innovations in nuclear energy can be put to the test instead of losing designs to China and other countries. Groups gathered at the University of New Mexico, the Massachusetts Institute of Technology and a few other sites around the country as part of an effort by the U.S. Department of Energy to narrow the list of critical research problems the nation needs to address when it comes to nuclear energy. The findings outlined by the six groups are meant to guide decisions on what research to fund. D.V.

  • Former Idaho governors aim to stop nuclear waste shipments

    Updated: 7 hr ago

    BOISE, Idaho (AP) — Former Idaho Govs. Phil Batt and Cecil Andrus filed a notice Thursday of their intent to sue the federal government over a proposal to ship spent commercial nuclear fuel rods to Idaho. The notice was sent to the U.S. Department of Energy involving shipments scheduled to arrive in June and December at Idaho National Laboratory. Batt, a Republican, and Andrus, a Democrat, both fought commercial nuclear waste shipments during their terms. The efforts culminated with a 1995 agreement, often called the Batt Agreement, that bans commercial nuclear waste shipments and requires cleanup of nuclear waste stored at the laboratory.

  • Coalition will rally at state Capitol to call for moratorium on injection wells, fracking

    BY COREY JONES, Tulsa World | Published: Thu, Mar 5, 2015

    The Coalition to Stop Induced Seismicity is hosting a rally Saturday afternoon at the state Capitol to call for a 12- to 24-month moratorium on wastewater injection wells and hydraulic fracturing. The gathering will take place 1 p.m. at the South Plaza of the Capitol. Organizers said a diverse mix of local and statewide grassroots groups will attend. Grand Riverkeeper Earl Hatley said the group's petition to Gov. Mary Fallin to enact an executive order to suspend high pressure/volume deep well injections and horizontal hydraulically fractured oil and gas wells — fracking — is two-fold. Read the rest of this story at TulsaWorld.com .

  • Quick look at 1st year of McCrory's 2-year NC budget plan

    Updated: 8 hr ago

    RALEIGH, N.C. (AP) — Highlights of Gov. Pat McCrory's $21.5 billion spending plan released Thursday for the 2015-16 fiscal year. Unless otherwise noted, the dollars amounts are for the 2015-16 year only. For spending changes, figures are for amount spent or saved compared to what was projected or needed to keep operating at current levels. PUBLIC EDUCATION: — locate $111 million to increase the floor for early-career teacher salaries from $33,000 to $35,000 and to give experienced-based raises. — hire 1,400 new teachers to cover expected public school enrollment growth of more than 17,300 students next fall. — give $15 million over next two years to new endowment designed to award teachers additional pay f

  • Hunting Energy Services expands its operations in Houma

    Updated: 8 hr ago

    HOUMA, La. (AP) — State officials say Hunting Energy Services, an offshore oil and gas services company, is completing a $62 million expansion. The company says the expansion will create 20 new jobs on top of the existing 103 jobs. The annual salary for the new jobs will be $52,000 on average. The state offered Hunting a package of tax credits and tax breaks. The company is consolidating its operations at a 304,000-square-foot manufacturing facility near Houma. It is a Houston-based subsidiary of Hunting PLC, an international company based in the United Kingdom that supplies goods needed for drilling and completing oil and gas wells. Hunting Energy Services began operations in Terrebonne Parish in 1981. In

  • State Senate holds hearing in Torrance on refinery explosion

    Updated: 10 hr ago

    TORRANCE, Calif. (AP) — A state Senate committee hearing is scheduled Thursday into the safety record of the Torrance refinery where an explosion last month injured several people and shut down the plant, throttling California's gasoline production and helping to drive up prices. Refinery owner Exxon Mobil officials, first-responders and representatives of government environmental agencies were scheduled to appear at the public hearing at Torrance City Hall. They were expected to answer questions on the refinery's safety record, the accident's impact on the Los Angeles-area community and on state efforts to prevent and respond to such accidents.

  • Nearly 19,000 gallons of saltwater spills north of Tioga

    Updated: 10 hr ago

    BISMARCK, N.D. (AP) — The state Department of Health says a pipeline has leaked nearly 19,000 gallons of saltwater in northwest North Dakota. The pipeline owned by Continental Resources ruptured after it was struck by equipment excavating at the site about 16 miles north of Tioga. The 450-gallon saltwater, or brine, spill was contained to the excavated area near the pipeline. The department says it has not impacted any waterways and is not a threat to public health at this time. Brine is an unwanted byproduct of oil production and is considered an environmental hazard by the state. It is many times saltier than sea water and can easily kill vegetation exposed to it.




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