• Firefighters from US, South Africa to arrive in Alberta

    Updated: Tue, May 24, 2016

    EDMONTON, Alberta (AP) — Officials say about 1,000 additional fire crews from across Canada, the United States and South Africa will be joining the fight this week against a massive wildfire near Fort McMurray. Alberta wildlife official Chad Morrison said Tuesday the blaze continues to move northeast away from communities and oil sands facilities in northern Alberta. He says cooler temperatures have aided the fire fight. The fire has grown to about 5,230 square kilometers (2019 square miles), with 25 square kilometers (9.65 square miles) spreading into Saskatchewan. That includes areas already burned and currently burning. Work camps that were evacuated are being inspected for re-opening, and oil sands companies

  • The Latest: Shell: Pipeline fixed after California oil spill

    Updated: Tue, May 24, 2016

    TRACY, Calif. (AP) — The Latest on an oil spill in rural Northern California (all times local): 10:45 a.m. Officials at Shell Oil Co. say crews have repaired an underground pipeline after it broke and spilled up to 21,000 gallons of oil in rural Northern California. Company spokesman Ray Fisher said Tuesday that workers are running small amounts of oil through the pipeline to test it and are working on cleaning up the contaminated soil near Tracy, about an hour east of San Francisco. Shell reported the leak after noticing that its pipeline lost pressure Friday morning, and it shut off the flow of oil. San Joaquin County officials say the crude was visible in a 250-by-40-foot area on the ground.

  • French police force open fuel depot amid protests, shortages

    French police force open fuel depot amid...

    Updated: Tue, May 24, 2016

    PARIS (AP) — French police used water cannons on Tuesday to disperse projectile-throwing protesters blocking a key fuel depot on the Mediterranean, as gasoline shortages spread around the country amid increasingly tense labor actions. Strikes have spread to all eight of France's refineries, and one in five gas stations are now dry or running low. A two-month protest movement against a bill weakening France's famed worker protections reached a new level this week as fuel industry workers joined in — and it's now posing the biggest challenge yet to President Francois Hollande and his government.

  • Lawmakers OK new fund to soften blows from revenue failures

    Updated: Tue, May 24, 2016

    OKLAHOMA CITY (AP) — A bill to establish a new fund to ease the impact of future mid-year revenue failures is heading to the governor. The bill passed the Senate Tuesday on a 42-2 vote and would direct excess oil-and-gas production taxes and corporate income taxes to a new Revenue Stabilization Fund. The fund could be used when mid-year revenues are lower than projected in the state budget. If signed by the governor, it would authorize the director of the Office of Management and Enterprise Services to withdraw up to 25 percent of the fund's balance in the event of a revenue failure.

  • Company: Highway damaged by pipeline blast to reopen Friday

    Updated: Tue, May 24, 2016

    GREENSBURG, Pa. (AP) — The company that owns an underground natural gas pipeline that exploded into a massive fireball last month says a western Pennsylvania highway damaged in the blast should reopen by Friday. Pennsylvania Department of Transportation officials tell the Pittsburgh Tribune-Review (http://bit.ly/1Xug5fk ) that Spectra Energy Corp. has said repairs to Route 819 should be complete by then. The April 29 explosion scorched 40 acres, seriously burning a man whose home was destroyed and damaging several other structures in Salem Township, about 25 miles east of Pittsburgh.

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

    Updated: Tue, May 24, 2016

    NEW YORK (AP) — The Latest on developments in global financial markets (all times local): 11:45 a.m. Stocks are moving solidly higher on Wall Street, led by gains in technology stocks and banks. Microsoft climbed 3 percent in midday trading Tuesday and Google parent Alphabet added 2 percent. Among banks, JMorgan Chase gained almost 2 percent. A move higher in long-term interest rates had investors hoping that banks could make more money from loans. In earnings news, homebuilder Toll Brothers jumped 8 percent after its results came in ahead of what analysts were expecting. The Dow Jones industrial average rose 200 points, or 1.2 percent, to 17,694. The Standard & Poor's 500 index rose 25 points, or 1.

  • AP Interview: Qatar energy minister wants 'fair' oil price

    AP Interview: Qatar energy minister wants...

    Updated: Tue, May 24, 2016

    DOHA, Qatar (AP) — The oil market is slowly recovering from its steep drop over the past two years but crude is still not trading at a "fair price" to encourage necessary investment, Qatar's energy and industry minister said Tuesday, ahead of next week's meeting of OPEC producers. Speaking to The Associated Press from his high-rise office in the capital, Doha, Mohammed bin Saleh al-Sada said a minimum price of $65 a barrel is "badly needed at the moment." He cautioned that the security of future supplies is as risk because of the price slump that has squeezed oil producers since 2014. "The oil market is recovering slowly but steadily. Luckily, the fundamentals show it is heading in the right direction," al-Sada said. "I don

  • Buffett's company keeps adding to its Phillips 66 investment

    Updated: Tue, May 24, 2016

    OMAHA, Neb. (AP) — Warren Buffett's company now owns nearly 15 percent of Phillips 66 after buying 642,841 shares of the oil refiner over the past week. Berkshire Hathaway Inc. disclosed the recent purchases in documents filed with the Securities and Exchange Commission on Monday. Berkshire now owns nearly 76.4 million Phillips 66 shares. Berkshire revealed owning over 10 percent of Phillips 66 stock in August when it disclosed a stake of 55 million shares. Berkshire has added to its Phillips 66 investment significantly since last year. At the end of 2015, Berkshire owned 61.5 million shares. Berkshire Hathaway owns about 90 subsidiaries in a variety of industries, including insurance, utilities, railroads, reta

  • Protesters interrupt coal debate in Swedish Parliament

    Updated: Tue, May 24, 2016

    STOCKHOLM (AP) — Unruly protesters briefly interrupted a debate Tuesday in the Swedish Parliament on the future of state-owned utility Vattenfall's coal assets in Germany. Swedish news agency TT says demonstrators in the spectators' gallery chanted "leave the coal in the ground" and one of them squirted what looked like ketchup at the lawmakers below. TT says the protesters were removed by security guards and the discussions resumed within 10 minutes. Lawmakers were discussing the proposed sale of Vattenfall's coal mines and coal-fired power plants in Germany to Czech investment group EPH. Environmental activists say the government should stop the sale and close the mines to avoid heat-trapping carbon emissions.

  • Europe higher, Asia slumps amid expectations Fed rate hike

    Europe higher, Asia slumps amid expectations...

    Updated: Tue, May 24, 2016

    TOKYO (AP) — European stock markets rose on Tuesday, despite jitters in Asian trading, and the British pound rose as market expectations faded of an exit from the European Union. KEEPING SCORE: France's CAC 40 added 1.7 percent to 4,397.39, and Germany's DAX gained 1.5 percent to 9,989.95. Britain's FTSE 100 rose 1 percent to 6,197.51. U.S. shares were set to head higher, with Dow and S&P futures both up 0.5 percent. BREXIT WATCH: The pound rose 0.9 percent to a near-month high of $1.4609 as bookies slashed the odds on Britons voting to remain in the EU in a referendum on June 23. Concern over the potential economic damage of an EU exit, or Brexit, had pushed the pound to a seven-year low against the dollar in February.

  • Oil spilled from ship pollutes Albanian beach

    Updated: Tue, May 24, 2016

    TIRANA, Albania (AP) — Authorities say that oil spilled from a ship has polluted a tourist beach in southwestern Albania. Vlora Deputy Mayor Ardi Musta told The Associated Press Tuesday that a day earlier oil had leaked from a ship at a storage terminal in Zvernec, 140 kilometers (87 miles) southwest of the capital, Tirana, polluting up to five kilometers (3 miles) of the beach. The operation of the terminal company has been suspended and it has been fined 1 million leks ($8,000). Defense Minister Mimi Kodheli posted on Facebook that navy ships were assisting local personnel in cleaning tons of oil from the sea and the beach. The Vlora bay is a main tourist destination in the tiny western Balkan country.

  • UK council approves fracking; environmentalists vow to fight

    Updated: Tue, May 24, 2016

    LONDON (AP) — A council has granted the first fracking license to be issued in England for five years, but environmental groups are vowing to fight on against the use of the technology. Fracking was approved near the village of Kirby Misperton, 250 miles (400 kilometers) north of London, despite opposition to the controversial gas extraction technique. Groups including Friends of the Earth said in a joint declaration Tuesday they will continue to fight to protect "our beautiful countryside" from fracking. Activist Simon Bowens called the decision "an absolute travesty" and said the battle to prevent fracking is not over. Various appeals are being studied.

  • Duke Energy signs 2nd deal to get electricity from pig poop

    Updated: Tue, May 24, 2016

    CHARLOTTE, N.C. (AP) — Duke Energy Corp. is taking a second step into pig poop. The country's largest electric company is announcing a deal Tuesday to collect methane gas from animal waste and convert it into fuel for two of its existing electricity plants. The Charlotte-based utility said its 15-year deal with Wilmington-based Optima KV should capture enough methane to power about 880 homes a year. Duke Energy announced a similar, larger deal in March. The project involves building a unit at participating farms in Duplin County that will free the methane gas, which is then cleaned to required standards and injected into the underground natural gas pipeline network.

  • Pennsylvania won't pursue $8.9M fine against drilling firm

    Updated: Tue, May 24, 2016

    HARRISBURG, Pa. (AP) — Pennsylvania environmental regulators are not pursuing an $8.9 million fine against a Texas-based energy company previously accused of repeatedly failing to repair a natural-gas well that contaminated groundwater and a stream. State regulators had said stray gas caused elevated methane levels in several water wells in the north-central part of the state. Pennlive.com reported Saturday that Range Resources-Appalachia has been notified the state won't pursue the fine for alleged violations associate with the gas well. Pennlive says the company withdrew its appeal of the proposed penalty after the state rescinded it. Range denies it caused the contamination.

  • OIL AND GAS PRICES

    Published: Tue, May 24, 2016

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $44.50 Oklahoma Sour: Sunoco Inc. — $32.50 Oklahoma oil and gas drilling activity posted May 11: COMPLETION Coal: Bravo Arkoma LLC; Spears No. 5-11H Well; NE1/4 NW1/4 NW1/4 NE1/4 (SL) of 11-01N-10E; 4,584,000 cu-ft gas per day; TD 13,990. Ellis: Jones Energy LLC; Bayless 25 No. 3H Well; SE1/4 SE1/4 SW1/4 SE1/4 (SL) of 25-20N-24W; 270 barrels oil per day, 1,072,000 cu-ft gas per day; TD 12,971. Jones Energy LLC; Young 27 No. 1H Well; S1/2 SW1/4 SW1/4 SW1/4 (SL) of 27-20N-25W; 165 barrels oil per day, 473,000 cu-ft gas per day; TD 13,052. Logan: Sundance Energy Oklahoma LLC

  • NY lawmakers propose codifying renewable energy goals

    Updated: Mon, May 23, 2016

    ALBANY, N.Y. (AP) — A dozen New York lawmakers have introduced legislation to codify Gov. Andrew Cuomo's goal of eliminating human-produced greenhouse gas emissions statewide by 2050, replacing fossil fuels with renewable energy. The bill would direct the Department of Environmental Conservation within a year to issue regulations requiring reporting of annual emissions from major sources and establish a registry and reporting system measured in tons of carbon dioxide equivalents. The department would determine the 1990s emissions levels, then require statewide reductions to that same level by 2020, followed by deeper periodic reductions over the next 30 years.

  • Chesapeake settles royalty lawsuit in $53 million deal

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Published: Mon, May 23, 2016

    OKC energy firm also agrees to a $6 million settlement with the City of Fort Worth, Texas.

  • Oklahoma landowners register private airstrips to keep wind farms at bay

    Oklahoma landowners register private airstrips...

    By Paul Monies Business Writer pmonies@oklahoman.com | Published: Sun, May 22, 2016

    The rush to register airstrips is part of the fallout from a state law passed last year that put in siting regulations on wind turbines. Senate Bill 808 said the turbines had to be at least 1.5 nautical miles — 9,100 feet — from a school, hospital or airport. The law went into effect in November.

  • Eagle & Beagle for Sunday, May 22, 2016

    By DON MECOY Business Editor dmecoy@oklahoman.com | Published: Sun, May 22, 2016

    Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma companies' high-performing (eagle) and low-performing (beagle) stocks.

  • Chesapeake Energy highlights cost-cutting efforts

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Published: Sat, May 21, 2016

    The CEO of Oklahoma City-based Chesapeake Energy said Friday he doesn't agree with recent reports about the company's financial status and detailed recent efforts by the energy company to cut costs and reduce debt.




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