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Company Spotlight

NC regulator OKs Duke Energy-Piedmont Natural Gas merger

Duke Energy, pollution, divestment

CHARLOTTE, N.C. (AP) — North Carolina regulators are allowing Duke Energy to expand from being the country’s largest electricity company to selling natural gas. Duke Energy Corp. said in a statement Thursday that the North Carolina Utilities Commission has allowed its acquisition of Piedmont Natural Gas Co. The regulatory approval is the last needed for the deal. The transaction is ...

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North Dakota asks pipeline company to explain ranch purchase

cannonball-ranch

BISMARCK, N.D. (AP) — North Dakota Attorney General Wayne Stenehjem is asking the developer of the four-state Dakota Access oil pipeline to explain its purchase of a ranch where a protest turned violent earlier this month. Texas-based Energy Transfer Partners recently purchased the 7,000-acre ranch last week for an undisclosed price. Stenehjem is giving the company 30 days to say ...

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Dakota Access CEO: Company committed to finishing project

Iowa is set to make a decision on the Dakota Access Bakkken pipeline. South Dakota was the first of the four states to approve construction of the Energy Transfer Partners-owned Bakken oil pipeline.

BISMARCK, N.D. (AP) — The head of a Texas company building the $3.8 billion Dakota Access pipeline told employees Tuesday that it is committed to the project despite strong opposition and a federal order to halt construction near an American Indian reservation in North Dakota. Energy Transfer Partners CEO Kelcy Warren said in a memo to employees that the four-state, ...

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Oil and gas company founded by Aubrey McClendon to close

Aubrey McClendon

OKLAHOMA CITY (AP) — American Energy Partners, the Oklahoma City-based oil and natural gas company founded by the late energy tycoon Aubrey McClendon, is shutting down. The company’s leadership team released a statement Wednesday saying it had decided to wind down operations but the five independent companies it had launched wouldn’t be affected. McClendon co-founded Chesapeake Energy and served as ...

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After one merger called off in energy sector, another arises

energy sector, merger

NEW YORK (AP) — FMC Technologies will attempt a merger with Technip in an all-stock deal worth about $13 billion to create a larger player in the energy sector. The shareholders of each company would own about 50 percent of the combined company, which would be named TechnipFMC. It would have more than 49,000 employees operating in 45 countries. FMC ...

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Big Wyoming wind farm clears another government hurdle

Lacee-Sims-Uinta-wind

CHEYENNE, Wyo. (AP) — One of the biggest wind projects under development in North America cleared another regulatory hurdle Wednesday with the release of a federal environmental study looking at the first-phase installation of 500 wind turbines. The U.S. Bureau of Land Management’s environmental analysis tentatively allows planning for the Chokecherry-Sierra Madre wind project south of Rawlins to continue. The ...

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UL listed control panels are an essential asset for manufacturers looking for turnkey services

UL Listed panels

The evolution of problem solving “black rhinos” If you want to succeed in business, you have to think like a rhinoceros. At least that’s Scott Alexander’s theory in his book, Rhinoceros Success, targeted at aspiring entrepreneurs. The book was self-published in the 1980’s and divided the world into two groups – rhinos and cows. According to Alexander, “I realized the ...

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Easy to use well economics software provides relevant data in minutes

Oil tanks stand on the Pawnee National Grasslands of Colorado. October 2010. Photo submitted by Drillnomics.

In a cyclical industry like oil and gas, people generally expect dramatic market fluctuations; however, when the price of oil drops by 50% like it did last year and remains low, companies inevitably struggle.  Modified drilling plans, lower rig counts, layoffs and focus on existing production are some of this year’s themes, and it is the rare oil company that ...

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