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Author Archives: Ben Karkela

Energy leaders agree to cap Oklahoma tax rebate program

OKLAHOMA CITY (AP) — A tax rebate for oil and natural gas wells projected to cost Oklahoma $133 million in the upcoming fiscal year would be capped at $25 million per year under a bill that’s been agreed to by some of the state’s top energy industry leaders. The Oklahoma Independent Petroleum Association announced Thursday its governing board agreed to ...

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Top Eagle Ford news stories: May 6-13

Eagle Ford news

Recap the top Eagle Ford news stories that graced our pages this week. Layoffs and legal struggles earned the top two spots in this week’s list. 5. Colorado bracing to repay millions in energy taxes DENVER (AP) — Colorado will have to cough up hundreds of millions in tax refunds to energy companies over the next couple years. And state ...

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Oil price rise helps shore up global markets

LONDON (AP) — A bounce-back in oil prices helped European stock markets to recover their poise Thursday following an earlier retreat when concerns over the state of U.S. consumer spending weighed on shares. KEEPING SCORE: In Europe, France’s CAC 40 was up 0.9 percent to 4,355 while Germany’s DAX rose 0.9 percent to 10,067. The FTSE 100 index of leading ...

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Cheniere Energy names Jack Fusco as CEO

Cheniere Energy, CEO, Jack Fusco

NEW YORK (AP) — Cheniere Energy has named Jack Fusco as CEO after the natural gas company’s previous CEO was forced out under pressure from activist investor Carl Icahn. Fusco was most recently executive chairman of Calpine Corp., which generates electricity from natural gas. He was CEO of the Houston company from 2008 to 2014. Cheniere’s CEO and co-founder Charif ...

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Public hearing set on proposed $55 million oil pipeline

KILLDEER, N.D. (AP) — The public is getting a chance to weigh in on an oil pipeline proposed in McKenzie and Dunn counties. The State Public Service Commission is holding a hearing Wednesday in Killdeer on the project proposed by BOE Pipeline LLC. The meeting begins at 9 a.m. Mountain time in City Hall. Regulators say the 42-mile-long, 16-inch-diameter pipeline ...

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Mixture of loss, hope for Canadian town hit by wildfire

Canada, wildfire, Alberta

FORT MCMURRAY, Alberta (AP) — Charred bicycles lean on a fence in front of incinerated townhomes. Just across the street, a school and playground are untouched. Across this Canadian oil sand town, the contrast is repeated: neighborhoods that burned to their foundations, while other neighborhoods, strip malls, car dealerships, schools and hospitals are still standing. Nearly a week after people ...

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US stocks slip after unemployment claims rise; tech slumps

stocks

NEW YORK (AP) — U.S. stocks are slipping Thursday morning after a surprising jump in the number of Americans who are out of work. Retailers got more bad news as department store Kohl’s reported disappointing first-quarter results. Companies including agribusiness giant Monsanto are climbing on reports of possible buyouts. KEEPING SCORE: The Dow Jones industrial average lost 47 points, or ...

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