• PNM submits plan for new solar energy production

    Updated: Fri, Sep 26, 2014

    ALBUQUERQUE, N.M. (AP) — New Mexico's largest electricity provider wants to build new solar centers to produce enough power to serve 40,000 homes. Albuquerque-based PNM says an agreement it submitted Thursday to state regulators would allow the company to build 40 megawatts of electricity from solar. The additional solar energy is part of PNM's plan to meet a state requirement that the company's renewable energy portfolio equal 15 percent of customers' needs. The agreement is subject to regulators' approval. A public hearing will be held next month. According to PNM, those signing the agreement include PNM, the Public Regulation Commission staff, the state Attorney General's Office and several advocacy groups.

  • Filipino-UK firm to drill for gas in disputed sea

    Updated: Fri, Sep 26, 2014

    MANILA, Philippines (AP) — The chairman of a Philippine energy company said Friday a Chinese state-owned oil producer hasn't responded to a revived proposal to jointly explore a disputed area of the South China Sea but drilling will go ahead by 2016 with or without a partnership. Manuel Pangilinan said that Filipino-British company Forum Energy PLC communicated the offer to China National Offshore Oil Corp. to explore Reed Bank, northwest of the Philippine island of Palawan. Philippine and Chinese vessels had a confrontation there three years ago. Pangilinan said the Chinese company, also known as CNOOC, has not responded but Forum is continuing its attempts to engage with the Chinese company.

  • AP PHOTOS: Scenes of toil from Iran's coal mines

    Updated: Fri, Sep 26, 2014

    MAZANDARAN PROVINCE, Iran (AP) — In the coal mines of northern Iran men with their faces smeared black push rusty metal carts down into the earth in grim scenes that seem to belong to another century. International sanctions linked to the decade-long dispute over Iran's nuclear program have hindered the import of heavy machinery and modern technology in all sectors, and coal mining is no exception. The decision to privatize the industry 10 years ago has further squeezed workers, who put in long hours in often dangerous conditions and make just $300 a month, little more than minimum wage. The miners tunnel deep into the mountains, working in dark, narrow passageways where the risk of toxic gases and cave-ins is never far fro

  • Devon tweaks completion process to bolster Oklahoma production

    By Jay F. Marks, Staff Writer | Published: Fri, Sep 26, 2014

    Devon Energy Corp. has found a recipe for increased production in western Oklahoma’s Cana-Woodford Shale by experimenting with its process for completing wells.

  • Energy company announces layoffs in Oklahoma City

    By Adam Wilmoth, Energy Editor | Published: Fri, Sep 26, 2014

    HighMount Exploration and Production LLC plans to close its Oklahoma City office, eliminating up to 97 full time positions, according to a letter the company sent to the Oklahoma Commerce Department.

  • Plugging In business briefs for Sept. 26

    Published: Fri, Sep 26, 2014

    Plugging In business briefs for Sept. 26, 2014

  • Oklahoma-based Mammoth Energy Partners LP plans public offering

    By Adam Wilmoth, Energy Editor | Published: Fri, Sep 26, 2014

    The energy firm has announced plans to become one of Oklahoma City’s next publicly traded firms.

  • Oil and gas prices for Sept. 26

    Published: Fri, Sep 26, 2014

    Oil, and gas prices for Sept. 26, 2014

  • Asia stocks down after Wall Street stumbles

    Updated: Thu, Sep 25, 2014

    HONG KONG (AP) — Asian stocks sank Friday after Wall Street had its worst day since July, with benchmarks weighed down by uninspiring U.S. economic data and Apple's iPhone software glitch. KEEPING SCORE: Japan's benchmark Nikkei 225 fell 1 percent to 16,212.07 and South Korea's Kospi lost 0.3 percent to 2,028.68. Hong Kong's Hang Seng shed 0.3 percent to 23,699.95 while the Shanghai Composite Index on mainland China edged up 0.1 percent to 2,347.52. Australia's S&P/ASX 200 fell 1.1 percent to 5,321.00. U.S. SLUMP: The latest data on the world's biggest economy did little to inspire investor confidence. Unemployment benefits crept up last week although the less volatile four-week average fell. Another report said equipment o

  • Lawmaker: Petraeus compared oil patch to war zone

    Updated: Thu, Sep 25, 2014

    DICKINSON, N.D. (AP) — The rapid growth of North Dakota's oil patch communities has so overwhelmed the infrastructure that the former commander of coalition forces in Iraq and Afghanistan compared the area to a battle field, a state legislator said Thursday. Senate Majority Leader Rich Wardner said he met with retired Gen. David Petraeus after the former CIA director visited oil patch communities in April. "He (Petraeus) said, 'You know, this kind of looks like a war zone,'" Wardner said at the annual meeting of the North Dakota Petroleum Council in Dickinson. While oil has brought high-paying jobs and a robust economy to the region, the pace of development has proven too much for infrastructure.

  • Blackout hits parts of capital, western Venezuela

    Updated: Thu, Sep 25, 2014

    CARACAS, Venezuela (AP) — Venezuela's government says parts of the capital and seven western states were left without electricity after two generating plants had technical problems. The blackout began at 1:30 p.m. Thursday in Caracas and lasted about an hour. It caused traffic jams in parts of the capital as street lights stopped working and office buildings were evacuated, causing hundreds of people to walk in the middle of streets because sidewalks were overflowing. Electrical Energy Minister Jesse Chacon said frequency fluctuations caused problems in "two large generating machines" in the Andean region. He said seven of Venezuela's 23 states were affected. The socialist country suffered major blackouts in 2012 and

  • Prices at the pump head below $3 in much of US

    Updated: Thu, Sep 25, 2014

    NEW YORK (AP) — The price of a gallon of gasoline may soon start with a "2'' across much the country. Gasoline prices typically decline in autumn, and this year they are being pulled even lower by falling global oil prices. By the end of the year, up to 30 states could have an average gasoline price of less than $3 a gallon. The average in Springfield, Missouri, is already below $3, according to Tom Kloza, chief oil analyst at the Oil Price Information Service and GasBuddy.com. Several other cities are on the brink. "And there will be more, many more," Kloza said. Cities in high-priced states such as California and New York will not be among them, though, which will probably keep the national average above $3. A

  • Landrieu highlighting opposition to sanctions bill

    Updated: Thu, Sep 25, 2014

    BATON ROUGE, La. (AP) — U.S. Sen. Mary Landrieu visited a Citgo refinery in southwestern Louisiana on Thursday to highlight her success in stalling a bill to impose sanctions against human-rights abusers in Venezuela's government. While the Democratic senator has been criticized as siding with Venezuelan leaders who have committed horrific abuses, she says she's protecting 2,000 Louisiana jobs at the refinery, which imports oil from the country. She toured the refinery in Sulphur, near Lake Charles, using the event to highlight her support for the oil and gas industry, a centerpiece of her re-election campaign. The Republican mayor of Sulphur was with her as she met with employees and managers of the facility.

  • Prices at the pump head below $3 in much of US

    Updated: Thu, Sep 25, 2014

    NEW YORK (AP) — The price of a gallon of gasoline may soon start with a "2'' across much the country. Gasoline prices typically decline in autumn, and this year they are being pulled even lower by falling global oil prices. By the end of the year, up to 30 states could have an average gasoline price of less than $3 a gallon. The average in Springfield, Missouri, is already below $3, according to Tom Kloza, chief oil analyst at the Oil Price Information Service and GasBuddy.com. Several other cities are on the brink. "And there will be more, many more," Kloza said. Cities in high-priced states such as California and New York will not be among them, though, which will probably keep the national average above $3. A

  • At a glance: Gasoline prices by state

    Updated: Thu, Sep 25, 2014

    The usual autumn decline of the price of gasoline is getting an assist from lower global oil prices. Up to 30 states could see an average price below $3 a gallon by the end of the year.

  • Colorado fracking panel meets for first time

    Updated: Thu, Sep 25, 2014

    DENVER (AP) — Democratic Gov. John Hickenlooper on Thursday told a group he assembled to study land-use clashes between Colorado's energy industry and homeowners that he's hopeful the suggestions they give state lawmakers can be a model for other places grappling with the issue. The 21-member panel was part of a deal Hickenlooper brokered to get groups to drop dueling ballot measures in November that had Democrats worried about inter-party fighting and the energy industry concerned about future development. U.S. Rep.

  • Clarification: Solar Farm story

    Updated: Thu, Sep 25, 2014

    SIOUX FALLS, S.D. (AP) — In a Sept. 23 story, The Associated Press reported that a Geronimo Energy spokeswoman said the company was working on an agreement to sell power from a proposed solar farm near Sioux Falls to Xcel Energy. Geronimo says it has applied to sell energy through Xcel's area distribution network. A corrected version of the story is below: Proposed Sioux Falls solar farm worries neighbors Minnesota company's proposed $25 million solar farm in South Dakota worries neighbors SIOUX FALLS, S.D. (AP) — Sioux Falls and Minnehaha County planners have approved a permit for a proposed $25 million solar farm on the outskirts of South Dakota's largest city.

  • Skechers and Apple are big market movers

    Updated: Thu, Sep 25, 2014

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Skechers USA Inc., up $1.65 to $54.05 The footwear retailer released a statement challenging the negative conclusion of an outside sales report as misleading. BP PLC, down $1.45 to $44.06 A judge ruled that the oil giant must stand by an agreement with companies it compensated following the 2010 Gulf oil spill. Magnum Hunter Resources Corp., up 54 cents to $6 The oil and gas exploration and production company reported positive production volumes at West Virginia and Ohio locations. H.B. Fuller Co., down $6.30 to $37.

  • UConn's Gampel Pavilion to get new lighting

    Updated: Thu, Sep 25, 2014

    HARTFORD, Conn. (AP) — The bright lights shining on UConn's national champion basketball programs will become more energy efficient and versatile. The school's Board of Trustees this week approved a plan to spend $546,000 to replace the lighting system inside Gampel Pavilion with one that uses energy-efficient LED lights. The long-lasting bulbs will reduce energy consumption by about 75 percent and maintenance costs by about 80 percent because they won't have to be changed for about 10 years, said Stanley Nolan, director of Utility Services & Energy Management. The system will replace 216 lamps that use 995,000-kilowatt hours of electricity a year with 100 LED lamps that can provide the same amount of light.

  • Mexican cartels steal billions from oil industry

    Updated: Thu, Sep 25, 2014

    CIUDAD MIER, Mexico (AP) — Mexico overcame 75 years of nationalist pride to reform its flagging, state-owned oil industry. But as it prepares to develop rich shale fields along the Gulf Coast, and attract foreign investors, another challenge awaits: taming the brutal drug cartels that rule the region and are stealing billions of dollars' worth of oil from pipelines. Figures released by Petroleos Mexicanos last week show the gangs are becoming more prolific and sophisticated. So far this year, thieves across Mexico have drilled 2,481 illegal taps into state-owned pipelines, up more than one-third from the same period of 2013. Pemex estimates it's lost some 7.5 million barrels worth $1.15 billion. Pemex director Emilio Lozoya