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Author Archives: Zach Koppang

Global markets drop as Bank of Japan stands pat on stimulus

MANILA, Philippines (AP) — Global stocks fell Thursday after the Bank of Japan kept its monetary policies unchanged and as investors turned their attention to next week’s “Brexit” vote on whether Britain should exit the European Union. KEEPING SCORE: Britain’s FTSE 100 fell 0.7 percent to 5,927 and Germany’s DAX dropped 0.9 percent to 9,520. France’s CAC 40 was down ...

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North Dakota oil output drops 70,000 barrels daily in April

BISMARCK, N.D. (AP) — North Dakota’s oil production decreased by about 70,000 barrels a day in April. The Department of Mineral Resources says the state produced an average of 1.04 million barrels of oil daily in April. North Dakota’s production record was set in December 2014 at 1.22 million barrels daily. North Dakota also produced 1.61 billion cubic feet of ...

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Alberta’s abandoned well problem grows with O&G bankruptcy filings

“They guaranteed us that something would happen in the next six months. We never heard back [from the regulators or the oil companies],” Alberta rancher Tony Bruder told CBC News. Due to the oil price slump and the resulting O&G bankruptcy filings, Bruder is one of many Canadian landowners that might soon be dealing with the hassle of abandoned oil ...

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32K gallons of saltwater spilled, recovered near Tioga

TIOGA, N.D. (AP) — North Dakota’s Oil and Gas Division says more than 32,000 gallons of saltwater spilled and was cleaned up at an oil field site in Mountrail County. Hess Bakken Investments II LLC reported the spill at a tank battery about 7 miles north of Tioga on Tuesday. The company estimates that 770 barrels spilled, was contained and ...

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Appeals court upholds ruling against Minnesota power law

MINNEAPOLIS (AP) — A federal appeals court has affirmed a lower court ruling that bars Minnesota from enforcing key sections of a 2007 state law that restricted new power generation from coal. A three-judge panel of the 8th U.S. Circuit Court of Appeals on Wednesday sided with North Dakota utilities and other interests that argued that Minnesota’s Next Generation Energy ...

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GE O&G and Technip partnering to develop digital LNG solutions

GE O&G and technip

Two O&G and Tech industry giants, GE Oil & Gas and Technip, have entered into a preliminary agreement for a “joint project to explore area to co-develop digital solutions for the Liquefied Natural Gas (LNG) industry,” according to a release. “This partnership is a milestone for the oil and gas industry’s digital journey,” said Rod Christie, president and CEO of ...

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US retail sales rose in May despite slower hiring

WASHINGTON (AP) — U.S. shoppers increased their spending in May, a sign that consumers are undeterred by the recent slowdown in hiring. The Commerce Department said Tuesday retail sales rose a seasonally adjusted 0.5 percent last month, the second straight increase after a 1.3 percent gain in April. Retail sales appear to be improving after a weak start to 2016, ...

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Feds announce $82 million for nuclear energy research

BOISE, Idaho (AP) — U.S. Energy Secretary Ernest Moniz has announced $82 million for nuclear energy projects in 28 states as part of the government’s plan to reduce carbon emissions. Moniz said Tuesday that the 93 research projects will help scientists innovate with nuclear technologies that can eventually enter the commercial market. He made the announcement while visiting the Department ...

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Environmental groups to protest Gov. Terry McAuliffe’s energy policies

RICHMOND, Va. (AP) — Several environmental groups are calling on Virginia Gov. Terry McAuliffe to do a better job protecting the environment and promote renewable energy sources. The groups released an open letter Wednesday and announced a protest at the Executive Mansion on July 23. McAuliffe, a Democrat, ran in 2013 with strong support from the environmental community. But several ...

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SCE&G wants $850 million for 2 nuclear reactors

COLUMBIA, S.C. (AP) — South Carolina Electric and Gas is asking state regulators for another $850 million as it builds two nuclear reactors in Fairfield County. The State newspaper reported the Columbia utility says this request could be enough to finish the reactors at the V.C. Summer Nuclear Station in Jenkinsville. Critics say if the Public Service Commission approves the ...

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