• Bank of Canada: Economy will shrink due to Alberta wildfires

    Bank of Canada: Economy will shrink due to...

    Updated: Wed, May 25, 2016

    TORONTO (AP) — Canada's central bank said Wednesday the Canadian economy will shrink in the second quarter because of Alberta's devastating wildfires, which shut down its oil sands production. The Bank of Canada, which kept its key interest rate on hold, said its preliminary assessment is that the destruction and halt to oil production will knock about 1 1/4 percentage points off real GDP growth in the second quarter. In April, the bank had forecast 1 percent growth in the quarter. The bank expects the economy to rebound in the third quarter as oil production resumes and the rebuilding starts. Officials hope to start a phased in return of more than 80,000 evacuees to the main oil sands city of Fort McMurray starting J

  • State police seek info on protesters at official's home

    Updated: Wed, May 25, 2016

    RANDOLPH, Vt. (AP) — State police are seeking information about protesters who blocked the driveway of the Randolph home of the Vermont official who oversees the state's energy policies. Police Public Service Department Commissioner Christopher Recchia called police about 6:30 a.m. Wednesday to report there were about 11 protesters outside his home. Recchia says some of the protesters knocked on his door and asked him to sign some type of affidavit. He refused to sign the document, told the people they were trespassing and told them to leave his property. He says the put up a wooden replica of an oil derrick, drove stakes into the ground, painted orange lines in the driveway, and set up cones in the driveway.

  • More gas stations can sell beer, despite looming court case

    Updated: Wed, May 25, 2016

    HARRISBURG, Pa. (AP) — The Pennsylvania Liquor Control Board is granting nine more licenses to businesses that sell gasoline. It's the latest step in loosening the hold on beer sales by bars and beer distributors. The Liquor Control Board's vote Wednesday is the first since February. That's when the state Supreme Court said it would take up a case challenging whether a convenience store can sell beer and gasoline without violating state law. The beer licenses are for groceries and convenience stores in northeastern Pennsylvania, including the Wilkes-Barre area, Hazleton, Orangeville and Mahanoy City, and in western Pennsylvania, including Canonsburg, Gibsonia and Huntingdon. Liquor Control Board officials say dozens o

  • Feds: Company hasn't done enough to end slow-motion oil leak

    Updated: Wed, May 25, 2016

    BATON ROUGE, La. (AP) — The Justice Department is urging a federal court to let government regulators decide if a New Orleans company has done enough to end an oil leak in the Gulf of Mexico that began nearly 12 years ago and could last another century. Taylor Energy Company sued the federal government in January to recover more than $400 million it set aside for work to stop the leak off Louisiana's coast. Government attorneys asked the U.S. Court of Federal Claims late Tuesday to dismiss the lawsuit, arguing that the money should remain in a trust until Interior Department regulators decide whether the company has met its leak-related obligations.

  • France tapping fuel stocks as strikes cause gas shortages

    France tapping fuel stocks as strikes cause gas...

    Updated: Wed, May 25, 2016

    LE HAVRE, France (AP) — French drivers are fuming, oil industry workers are divided, and the government is reaching into its fuel reserves to end gasoline shortages that have heightened the stakes of nationwide protests to defend labor protections. Unions are targeting the nation's gas tanks, railroads and electricity network this week, protesting a bill devised to make France more globally competitive by extending the work week and making layoffs easier. Opponents say it will enrich company bosses and won't create the jobs it promises. The government says it won't back down, and has sent riot police to uproot protesters blocking fuel depots and authorized use of reserves to resupply gas stations that had run dry.

  • Omaha bills excavator for fighting fire after gas explosion

    Updated: Wed, May 25, 2016

    OMAHA, Nebraska (AP) — Omaha has billed a Minnesota excavation company nearly $104,000 for the costs of fighting a fire that erupted after a natural gas explosion. The city and safety regulators say North Central Service of Bemidji, Minnesota, workers struck a natural gas line Jan. 9 in front M's Pub in the Old Market area. Gas leaked into the basement of the building and exploded. An M's Pub employee was taken to a hospital with cuts and a firefighter was treated after slipping on ice. A letter sent to the company last month says the reimbursement is being sought under an ordinance that lets the city recover expenses incurred during a "hazardous material emergency." A company spokesman didn't immediately return a cal

  • Williston company settles federal racial discrimination suit

    Updated: Wed, May 25, 2016

    BISMARCK, N.D. (AP) — A Williston-based oil field service company will pay $250,000 to a worker it fired after he complained of harassment to settle a discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission. The lawsuit filed a year ago alleged that a white manager for American Casing & Equipment Inc. harassed Matthew Clark, a worker of Filipino heritage who came to the North Dakota oil patch from his home state of Washington, by directing racial slurs at him, jabbing him with a finger in the stomach and chest, and once urinating on his leg while he worked under a truck.

  • Website, job fair set up to help laid-off oil, gas workers

    Updated: Wed, May 25, 2016

    BATON ROUGE, La. (AP) — An effort is underway in the Bayou Region of Louisiana to help workers affected by oil and gas industry downsizing to find training options and new jobs in south Louisiana. BayouOpportunity.com, a new website, will serve as a gateway to employment opportunities. A news release says job seekers can register there for an Industrial Trades Job Fair on June 10 at the main campus of Fletcher Technical Community College in Schriever, between Houma and Thibodaux. In addition to job fair information, the BayouOpportunity.com website will provide links for career help from the Louisiana Workforce Commission and its LaWorks.net website, the Louisiana economic development department's LouisianaJobConnecti

  • SLCC to offer new diploma program in oil, gas field

    Updated: Wed, May 25, 2016

    NEW IBERIA, La. (AP) — South Louisiana Community College will offer a new technical diploma program in oil and gas production technology, which is set to begin during the fall semester at the college's New Iberia campus. The new program was announced Tuesday in a news release. The 45-credit-hour program includes core instruction in oil and gas regulations; safety; pneumatic and hydraulic systems; electricity; instrumentation; oil and gas exploration drilling and production operations; wellhead completions; and plug and abandonment. Students who complete the program will earn three industry certifications in Safe Land/Safe Gulf, Production Operations and Production Safety Systems.

  • Global stock markets rally on US recovery hopes

    Global stock markets rally on US recovery hopes

    Updated: Wed, May 25, 2016

    SEOUL, South Korea (AP) — Global stock markets rallied Wednesday as solid U.S. data raised expectations for a strong recovery in the world's largest economy. European stocks were buoyed also by a deal to get Greece more rescue loans. KEEPING SCORE: Britain's FTSE 100 rose 0.6 percent to 6,255 while France's CAC gained 0.9 percent to 4,472. Germany's DAX advanced 1.3 percent to 10,185. Futures augured gains on Wall Street. Dow and S&P futures both rose 0.4 percent. GREECE DEAL: Greece got approval overnight to get the next batch of its bailout loans from its eurozone creditor nations. The deal removes the risk that Greece might default on its debts in coming months. The creditors also discussed how to lighten the country's d

  • Man indicted in $7.9M oil, gas fraud case in Kansas

    Updated: Wed, May 25, 2016

    WICHITA, Kan. (AP) — A Hillsboro man has been indicted in connection to what prosecutors say was a $7.9 million oil and gas scheme. Acting U.S. Attorney Tom Beall said in a news release that 70-year-old David Lawson was indicted on one count of wire fraud Tuesday. Prosecutors say that while Lawson was the owner and director of Sonstone Trading LLC, he made a deal to sell 90 barrels a day of crude oil to Parnon Gathering Inc. Prosecutors say Lawson did not sell the company crude oil, but instead provided raw gas oil. Raw gas oil is a mixture of various refined petroleum products with a lesser commercial value. It was not immediately clear if Lawson has an attorney. Lawson faces up to 20 years in federal prison.

  • Most parties in rate case offer partial settlement, but OG&E disagrees

    By Paul Monies Business Writer pmonies@oklahoman.com | Published: Wed, May 25, 2016

    Oklahoma Gas and Electric Co. disagrees with the partial settlements offered by most of the intervening parties in its $92.5 million rate case and said its plan is to let the three-member Oklahoma Corporation Commission decide the issue.

  • OIL AND GAS PRICES

    Published: Wed, May 25, 2016

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $45 Oklahoma Sour: Sunoco Inc. — $33 Oklahoma oil and gas drilling activity posted May 12: COMPLETION Hughes: PetroQuest Energy LLC; Ethel No. 5-7H Well; SW1/4 NE1/4 NW1/4 NW1/4 (SL) of 07-07N-11E; 1,830,000 cu-ft gas per day; TD 10,360. PetroQuest Energy LLC; Lois No. 4-6H Well; NW1/4 NW1/4 NE1/4 NW1/4 (BHL) of 06-07N-11E; 1,717,000 cu-ft gas per day; TD 10,225. PetroQuest Energy LLC; Lois No. 5-6H Well; NE1/4 NW1/4 NW1/4 NW1/4 (BHL) of 06-07N-11E; 1,090,000 cu-ft gas per day; TD 10,305. INTENT TO DRILL Alfalfa: SandRidge Exploration & Production LLC; Presley SWD No.

  • Asian stock markets rally on US recovery hopes

    Asian stock markets rally on US recovery hopes

    Updated: Tue, May 24, 2016

    SEOUL, South Korea (AP) — Asian stock markets rallied Wednesday as solid U.S. housing sales data and overnight gains on Wall Street raised expectations for a strong recovery in the world's largest economy. KEEPING SCORE: Japan's Nikkei 225 rose 1.7 percent to 16,778.97 and Hong Kong's Hang Seng index jumped 2.3 percent to 20,283.56. South Korea's Kospi gained 1.1 percent to 1,957.87 while Australia's S&P/ASX 200 advanced 1.7 percent to 5,383.70. Stocks in Taiwan, Singapore and Southeast Asia also gained. US RECOVERY: The U.S. Commerce Department said Tuesday that new home sales leaped 16.6 percent last month to a seasonally adjusted rate of 619,000, the highest level since January 2008.

  • The Latest: Ex-GOP lawmaker wins Railroad Commission runoff

    The Latest: Ex-GOP lawmaker wins Railroad...

    Updated: Tue, May 24, 2016

    AUSTIN, Texas (AP) — The Latest on Texas' primary runoff elections (all times local): 10:30 p.m. Former state lawmaker Wayne Christian has won the Republican nomination for a surprise opening on the Texas Railroad Commission, which is dealing with uncertainty following the oil bust. Christian's runoff victory Tuesday over real estate mogul Gary Gates makes him the immediate favorite to win in November and replace outgoing Commissioner David Porter. That's because no Texas Democrat has won a statewide election since 1994. Democrat Grady Yarbrough will face Christian after winning his own runoff Tuesday. Porter didn't announce until December that he wouldn't seek re-election to the three-member commission.

  • Governor's attorney: McCrory will veto coal ash panel bill

    Updated: Tue, May 24, 2016

    RALEIGH, N.C. (AP) — Legislative leaders on Tuesday moved forward with a plan to reconstitute a state commission to oversee the cleanup of North Carolina's coal ash pits, setting up another potential power struggle with Gov. Pat McCrory. The bill approved by the House Rules Committee also would set aside more time to decide whether all of the pits need to be excavated and moved. McCrory, whose administration shuttered the former Coal Ash Management Commission after the state Supreme Court ruled in January that lawmakers had too much control over the panel's work, threatened to veto the bill if the entire General Assembly passes it in its current form.

  • Vallejo unveils plans for electric car plant at ex-shipyard

    Updated: Tue, May 24, 2016

    SAN FRANCISCO (AP) — The city of Vallejo, which emerged from bankruptcy five years ago, is poised to get a big economic boost as plans to build a major plant for electric cars are rolling forward, officials said Tuesday. City leaders later this month will consider and vote on an exclusive negotiating agreement with Faraday Future for a 150-acre plant on the north end of Mare Island, a former U.S. Navy shipyard. "When we first started marketing this property, our first objective was good-paying jobs with green technology and an employer willing and able to make the necessary investment," Mayor Osby Davis said. "Faraday Future and its plans to make Vallejo its second manufacturing site and bring green technology to Mare Islan

  • Belt-tightening in Brazil aimed at fighting economic crisis

    Belt-tightening in Brazil aimed at fighting...

    Updated: Tue, May 24, 2016

    RIO DE JANEIRO (AP) — Brazil's acting president announced austerity measures Tuesday aimed at pulling Latin America's largest economy from its worst crisis in decades, warning that a failure to act will mean "extraordinary hardship" for future generations. Speaking with government leaders in a national televised meeting, interim President Michel Temer, 75, also banged his hand on the table while insisting he was up to the job. Temer said the government would get an early repayment of about $28 billion from Brazil's state-run investment bank BNDES and immediately abolish a fund created to channel oil revenues into education. He also pledged to limit annual growth in government spending to the rate of inflation, current

  • Henrikson sentenced to life in murder-for-hire scheme

    Updated: Tue, May 24, 2016

    SPOKANE, Wash. (AP) — The mastermind of a murder-for-hire scheme that originated from business dealings in the North Dakota oil patch was sentenced Tuesday in federal court to two consecutive life terms, intended to keep him in prison for the rest of his life. James Henrikson, 37, was sentenced by U.S. District Court Judge Salvador Mendoza for ordering the killings of two business associates. In issuing the sentence, Mendoza said Henrikson continued to show a lack of remorse. A federal jury in Richland, Washington, found Henrikson guilty in February of 11 felony counts, including murder-for-hire, conspiracy to commit murder-for-hire and solicitation to commit murder-for-hire.

  • Lawmakers to pick up where they left off on budget, credits

    Lawmakers to pick up where they left off on...

    Updated: Tue, May 24, 2016

    JUNEAU, Alaska (AP) — Alaska legislators have agreed to pick up where they left off on numerous issues that were unresolved when the extended session ended last week, including the budget and oil and gas tax credits. Minority House Democrats tried unsuccessfully for a fresh start on tax credits, arguing for Gov. Bill Walker to be able to introduce a new bill. Critics said the issue has been well vetted and the existing committee process should be allowed to play out. House Minority Leader Chris Tuck said his caucus didn't want lawmakers to start from scratch on all the bills on Walker's special session agenda and decided to support the underlying resolution. The resolution passed by the House and Senate Tuesday




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