Home / Author Archives: Zach Koppang (page 42)

Author Archives: Zach Koppang

Chesapeake Energy maintains $4 billion credit facility

NEW YORK (AP) — Shares of Chesapeake Energy soared Monday, after the natural gas producer said it was able to amend terms with its lenders and maintain a revolving credit facility at $4 billion. A revolving credit facility allows companies to withdraw money from lenders when needed. In a research note Monday, Citi Research analyst Marisa Moss said the amended ...

Read More »

Critics urge more inclusive testimony on oil, gas permitting

BISMARCK, N.D. (AP) — Citizens, lawmakers, environmentalists and labor groups on Monday blasted a proposal by North Dakota regulators that attempts to narrow the definition of an “interested party” who can testify on oil and gas proposals. About a dozen people told the state Industrial Commission’s Oil and Gas Division in Bismarck that a definition saying only “an individual or ...

Read More »

TransCanada resumes oil shipments through Keystone Pipeline

BISMARCK, N.D. (AP) — TransCanada Corp. has resumed sending oil through the Keystone Pipeline after a weeklong shutdown prompted by a leak and oil spill in southeastern South Dakota. The pipeline came back online Sunday, but with a reduced pressure under a controlled restart whose terms were ordered by the federal Pipeline and Hazardous Materials Safety Administration. TransCanada also will ...

Read More »

Top 5 Marcellus news stories – March 25 – April 8

The Marcellus has been a busy place in recent weeks. Pipeline companies are getting fined, Range Resources is throwing up for sale signs, and small drillers in Pennsylvania are standing up to fight the man. Meanwhile, in the Middle East, it’s becoming more likely that OPEC member nations might actually freeze oil production. See what you missed with our recap of what ...

Read More »

Stocks rise ahead of company earnings reports

NEW YORK (AP) — U.S. stocks were slightly higher in afternoon trading Monday as investors wait for first-quarter company earnings to start rolling in. Overseas markets were also rising as investors hoped for more stimulus in China, the world’s second-largest economy. KEEPING SCORE: The Dow Jones industrial average was up 79 points, or 0.5 percent, to 17,654 as of 2:25 ...

Read More »

World Bank hikes aid to poor nations fighting global warming

WASHINGTON (AP) — The World Bank is boosting spending on climate change by 50 percent to help poorer countries battle global warming and power 150 million homes with renewable energy. The bank released a 59-page climate action plan Thursday designed to help less developed nations meet global warming goals that countries set last December in Paris. The international financial organization ...

Read More »