• Oil hits $50 for first time this year, helping stocks higher

    Oil hits $50 for first time this year, helping...

    Updated: 15 hr ago

    LONDON (AP) — Stock markets around the world edged higher Thursday as traders interpreted the rise in oil prices to $50 a barrel for the first time this year as a positive sign for the global economy. KEEPING SCORE: In Europe, Britain's FTSE 100 was up 0.1 percent at 6,271 while France's CAC rose 0.7 percent to 4,511. Germany's DAX continued its rapid ascent, rising 0.7 percent to 4,511. U.S. stocks were poised for a steady open too, with Dow futures and the broader S&P 500 futures up 0.1 percent. OIL RALLY: Oil prices are rising after a U.S. government reported a larger-than-expected drop in fuel stockpiles last week. The benchmark New York rate was up 51 cents at $50.07 a barrel while Brent crude, which is used to price i

  • DEQ: Proposed pipelines must meet environmental standards

    Updated: 18 hr ago

    RICHMOND, Va. (AP) — A state agency has informed the developers of two multibillion dollar natural pipelines proposed in Virginia and West Virginia that their projects will have to meet specific environmental standards. Media outlets report the Department of Environmental Quality sent letters last week to Dominion Transmission Inc. and EQT, saying they will be required to meet certain erosion and sedimentation standards, if they build their pipelines. Dominion Transmission has proposed building the Atlantic Coast Pipeline, while EQT has proposed constructing the Mountain Valley Pipeline. DEQ spokesman Bill Hayden said Tuesday that their agency wants to make sure that appropriate steps are taken to protect the environm

  • OIL AND GAS PRICES

    Published: Thu, May 26, 2016

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $46 Oklahoma Sour: Sunoco Inc. — $34 Oklahoma oil and gas drilling activity posted May 13: COMPLETION Ellis: Jones Energy LLC; Raiders 27 No. 6HR Well; NW1/4 SE1/4 SW1/4 SW1/4 (SL) of 27-20N-23W; 120 barrels oil per day, 387,000 cu-ft gas per day; TD 12,999. Hughes: PetroQuest Energy LLC; Ethel No. 4-7H Well; SW1/4 NE1/4 NW1/4 NW1/4 (SL) of 07-07N-11E; 1,058,000 cu-ft gas per day; TD 10,385. INTENT TO DRILL Canadian: Citizen Energy II LLC; Kanon No. 1H-15-22 Well; NE1/4 SW1/4 SE1/4 SE1/4 (SL) of 10-11N-06W; TD 19,700. Kingfisher: Oklahoma Energy Acquisitions LP;

  • VOICES: Hiroshima serves as memorial for all victims of WWII

    VOICES: Hiroshima serves as memorial for all...

    Updated: 22 hr ago

    CARLSBAD, Calif. (AP) — The suffering he endured during World War II still haunts 95-year-old Lester Tenney, who has black lung disease from working as a prisoner of war in a Japanese coal mine. The former Army staff sergeant believes President Barack Obama should keep ex-POWs like him and others in mind when he makes his historic visit to Hiroshima on Friday. "I'd like to have Obama say that the war took the lives of many people and not just one group, or one segment of the society, but thousands of people suffered because of the war, and, I think he should make sure that he says that," he said. "This is not a memorial just for those who died at the atomic bomb. I think he should make sure that he says this is a memorial f

  • Firm cancels application to build $3.3B natural gas pipeline

    Updated: 22 hr ago

    ALBANY, N.Y. (AP) — Houston-based Kinder Morgan has withdrawn its application for a federal permit to build a $3.3 billion natural gas pipeline and a network of compressor stations. The 420-mile Northeast Energy Direct pipeline was intended to send natural gas from Pennsylvania's shale gas fields across upstate New York to New England. The company announced last month that it was suspending work on the project, citing a lack of contracts with gas distribution companies. It formally withdrew its application with the Federal Energy Regulatory Commission on Monday. New York regulators last month denied a water quality permit for the Constitution Pipeline, which would have followed much of the same route.

  • Asian stocks mixed amid concerns oil rally unsustainable

    Asian stocks mixed amid concerns oil rally...

    Yesterday

    KUALA LUMPUR, Malaysia (AP) — Asian stock markets were mixed Thursday amid worries about a U.S. rate hike and that a rally in oil prices may not be sustainable. KEEPING SCORE: Japan's Nikkei 225 index was up 0.3 percent to 16,811.88, but China's Shanghai Composite lost 0.8 percent to 2,791.52, and Hong Kong's Hang Seng index fell 0.4 percent to 20,285.90. Australia's S&P/ASX 200 dipped 0.2 percent to 5,363.60. Stocks in Taiwan and South Korea were also down. OIL RALLY: Benchmark U.S. crude rose another 1.9 percent to $49.56 a barrel in New York after the U.S. government reported a larger-than-expected drop in fuel stockpiles last week. Oil prices have surged sharply since earlier this year, sparking fears prices may not be

  • Recordings put pressure on allies of Brazil's acting leader

    Recordings put pressure on allies of Brazil\'s...

    Yesterday

    RIO DE JANEIRO (AP) — Secretly recorded conversations hit two more key allies of Brazil's acting president Wednesday, leaving the country wondering if there are more taps that could affect the interim government after only 13 days in office. The audios involve prominent members of the fractious Brazilian Democratic Movement Party led by Michel Temer, who took over the presidency after the Senate suspended President Dilma Rousseff pending an impeachment trial. The first recording has Senate President Renan Calheiros proposing in a conversation with a former senator to weaken one of the key tools prosecutors have used to catch politicians and businessmen in a sweeping corruption scandal at the big state oil company Petrobras.

  • Hopkins resigns from gas line board for Alaska Senate run

    Yesterday

    JUNEAU, Alaska (AP) — Luke Hopkins, who was narrowly confirmed to the board of the Alaska Gasline Development Corp. last month, has resigned from that post to run for the state Senate. In a letter to Gov. Bill Walker, dated Wednesday, Hopkins said his decision to run was motivated by what he considers a lack of leadership in the Legislature. He says he remains committed to the corporation's mission and doesn't want to see that further politicized by his campaign. His resignation is effective immediately. Hopkins is a former mayor of the Fairbanks North Star Borough. The Senate seat he would be vying for is held by Republican Senate Majority Leader John Coghill.

  • Despite veto threat, House approves coal ash legislation

    Yesterday

    RALEIGH, N.C. (AP) — Defying a veto threat from Gov. Pat McCrory, North Carolina House members on Wednesday approved a plan to revive a commission that would help oversee the cleanup of coal ash pits maintained by Duke Energy. The chamber voted 86-25 for the measure to reconstitute the Coal Ash Management Commission. It now goes to the Senate, where leaders also are on board with the legislation, which also includes a directive designed to ensure some residents near the pits get piped drinking water. McCrory shut down the original commission following a state Supreme Court ruling in January that found the legislature held too much control over a panel with executive branch duties. Under the original system, legislators appo

  • Williams Cos. gets approval needed for merger vote

    Williams Cos. gets approval needed for merger vote

    BY CASEY SMITH, Tulsa World | Published: Wed, May 25, 2016

    Williams Cos. announced Wednesday morning that the U.S. Securities and Exchange Commission has given its approval to a document required for shareholders of the Tulsa-based company to vote on a proposed acquisition by Energy Transfer Equity.  The SEC declared Wednesday that the Form S-4 related to the Williams-ETE deal is "effective." Form S-4 filings are documents that publicly traded companies use to register any material information related to a merger or acquisition. The approval was a necessary step for the proposed deal between Williams and Energy Transfer Equity to move forward. Now that the filing that provides exhaustive information on the deal has been declared effective, Williams Cos. will be able to mail its shareholders information on the proposed transaction and ballots that they will use to cast their votes in favor of or against the merger.

  • Senate passes $6.8B budget to fund Oklahoma government

    Yesterday

    OKLAHOMA CITY (AP) — The Oklahoma Senate on Wednesday approved a $6.8 billion budget proposal to fund state government over the objections of members who say it relies too much on one-time sources of revenue that won't be available the following year. The Senate voted 30-16 for the budget bill and sent it to the House, where there is bipartisan opposition but leaders are optimistic they have enough votes to pass it. If the House doesn't approve the proposal by Friday, lawmakers will have to return for a special session to fund state government for the fiscal year that begins July 1. "I think we've put together a budget that reflects the priorities of the state," said House Speaker Jeff Hickman, R-Fairview.

  • Pipeline oil spill drill takes place on St. Clair River

    Pipeline oil spill drill takes place on St....

    Yesterday

    MARYSVILLE, Mich. (AP) — U.S. and Canadian agencies have staged a mock oil spill response in the area where an underground pipeline runs beneath the St. Clair River near Marysville. The drill Wednesday included steps that would be taken in the event of an actual spill, such as creating a command center, determining how to recover the oil and communicating with the public. More than 400 people participated, including personnel with pipeline company Enbridge Energy. The Coast Guard, U.S. Environmental Protection Agency, Michigan State Police and St. Clair County Emergency Management sent staff. Critics of the pipeline gathered nearby.

  • Gov. Dalrymple: North Dakota oil industry 'solid'

    Yesterday

    BISMARCK, N.D. (AP) — North Dakota Gov. Jack Dalrymple told industry and government officials Wednesday that the state's unprecedented oil boom that made it the economic darling of the nation is far from going bust. "From our perspective, we think that this industry in North Dakota is as solid as solid can be," the Republican governor told an audience of several hundred at the Williston Basin Petroleum Conference and Expo in Bismarck. "We couldn't be more optimistic of what is ahead of us." If not yet a bust, oil has been in a full-fledged slump for nearly two years in North Dakota, which has risen from the ninth-leading oil producing state in the nation to the No.

  • State fines bulldozer company in deadly pipeline blast

    Yesterday

    SACRAMENTO, Calif. (AP) — California regulators are seeking $40,250 in fines from an equipment contractor in a pipeline break that killed one of the company's workers. The California Division of Occupational Safety and Health said Wednesday that the Bakersfield-based contractor, called Big & Deep Ag-Development, had failed to prepare the worker for safely using a bulldozer around utility pipelines. The worker died when the bulldozer he was operating hit a marked Pacific Gas and Electric Co. pipeline on Nov. 13, 2015. Two nearby residents were injured in the resulting explosion. State regulators say they are issuing three citations against the bulldozer company. Company owner Jeff Alexander said Wednesday that he

  • Investigators: Homeowner shoots worker, self; both die

    Yesterday

    LONDONDERRY, N.H. (AP) — A man who fatally shot a heating oil company employee who went to his house to do work and then shot and wounded himself has died of his injuries, authorities said. The homeowner, Richard Verville, who suffered from significant mental health issues, killed the worker, tried to kill himself and engaged police in an hours-long standoff at his home in Londonderry on Tuesday, they said. Verville, 69, was hospitalized in Massachusetts and died there on Wednesday, they said. Police and SWAT team members had responded to Verville's home on Tuesday. The neighborhood was evacuated, and several nearby schools were placed on lockdown because of the police activity in the area.

  • The Latest: Le Havre citizens not worried about lack of fuel

    The Latest: Le Havre citizens not worried about...

    Yesterday

    PARIS (AP) — The Latest on France's strikes and protests against the government's labor reforms (all times local): 10:30 p.m. Residents in the English Channel port city of Le Havre have mixed feelings about the crippling strikes against a divisive labor law reform in France. While some are fearful of dangerous fuel shortages, others are more stoic. Union members at a major oil terminal Le Havre plan to block imports Thursday as part of broader one-day strikes against the labor bill. Francoise Le Bon and Denis Jamet, both 65, say they have been struck by how quiet the city is. Le Bon described the atmosphere as "weird." Neither seemed particularly bothered by the fuel shortages, although they di

  • Battleship New Jersey wins grant for energy-efficient lights

    Yesterday

    CAMDEN, N.J. (AP) — The World War II battleship New Jersey is about to get 2,500 new, energy-efficient light fixtures thanks to a $383,420 federal grant approved by state regulators. The state Board of Public Utilities on Wednesday approved the grant for the LED fixtures that will save Home Port Alliance, the firm that manages the ship, $30,000 annual in energy costs. The ship, which saw service in the Marshall Islands in 1944, won nine battle stars in World War II, four in the Korean War and two in Vietnam, as well as the Navy Unit Commendation. The ship now serves as museum and is docked in Camden.

  • Markets Right Now: Stocks end solidly higher on Wall Street

    Yesterday

    NEW YORK (AP) — The Latest on developments in global financial markets (all times local): 4:00 p.m. Stocks closed higher on Wall Street, as energy companies rose with the price of oil, while chemicals and mining company shares also gained. Hewlett Packard Enterprise jumped nearly 7 percent and Computer Sciences Corporation surged 42 percent after HP Enterprise said it will sell its business service unit to CSC for $8.5 billion. Chesapeake Energy gained over 7 percent as oil prices continued to climb. Monsanto also rose after Bayer said it's committed to completing its acquisition of the company. The Dow Jones industrial average rose 145 points, or 0.8 percent, to 17,852. The Standard and Poor's 500 i

  • Exxon, Chevron shareholders reject climate resolutions

    Exxon, Chevron shareholders reject climate...

    Yesterday

    DALLAS (AP) — Shareholders at Exxon Mobil and Chevron rejected resolutions backed by environmentalists that would have pushed the companies to take stronger stands in favor of limiting climate change. Environmentalists took solace, however, that some of their ideas gained considerable support. At Chevron Corp., a resolution asking for an annual report each year on how climate-change policies will affect the company received 41 percent of the vote. A similar resolution at Exxon got 38 percent. Also, Exxon Mobil Corp. shareholders voted to ask directors to adopt a proxy-access rule, which would make it easier for shareholders to propose their own board candidates.

  • The Latest: Man accused of killing heating oil worker dies

    Yesterday

    LONDONDERRY, N.H. (AP) — The Latest on the fatal shooting of an heating oil company worker in New Hampshire (all times local): 3:45 p.m. Authorities say a man who killed a heating oil company worker during a service call at his New Hampshire home has died. The attorney general's office says Richard Verville shot and killed Daniel Rabideau on Tuesday while Rabideau was working on Verville's heating system in Londonderry. Authorities say Verville then shot himself. Verville survived and was taken to a Massachusetts hospital, where he died Wednesday. Rabideau worked for City Fuel, based in Manchester. He died of a gunshot wound to the head. His widow tells WMUR-TV he didn't know the man who shot him.




Advertisement