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Author Archives: Zach Koppang

Maryland sets public meetings on gas drilling rules

BALTIMORE (AP) — The Maryland Department of the Environment says it will hold three public meetings this month to discuss proposed regulations for hydraulic fracturing for natural gas in the state. The agency said in a statement Thursday evening that the first meeting will be held June 22 in Cumberland. Subsequent meetings are scheduled June 27 in Baltimore and June ...

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Sen. King wants vigilance about cyber threats to energy grid

PORTLAND, Maine (AP) — Maine Sen. Angus King is calling for the Senate to protect the country’s critical energy infrastructure from the possibility of cyber attacks. King, an Independent, has introduced the Securing Energy Infrastructure Act of 2016, which he says would protect the electrical grid from these kinds of attacks. The legislation would explore methods of replacing computer-based technologies ...

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Work on Dakota Access begins in Iowa, protesters vow nonviolent acts

DES MOINES, Iowa (AP) — Work has begun in Iowa on an oil pipeline despite repeated attempts by landowners and environmental groups to stop it, a spokeswoman for the Texas company building the pipeline said Thursday. The Iowa Utilities Board signed a final order Wednesday allowing construction on the $3.8 billion, 1,150-mile pipeline that spans four states, and work began ...

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BP, Aker form joint offshore oil venture in Norway

oil and gas drilling lease sale

STAVANGER, Norway (AP) — Norwegian holding company Aker ASA and London-based BP say they have reached a deal to combine their offshore oil and gas assets in Norway. The new joint venture, Aker BP, will merge oil company Det norske oljeselskap, in which Aker is the biggest owner, and BP’s Norwegian unit. Aker will own a 40 percent stake and ...

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Militants claim blast of another Nigeria oil pipeline

Nigeria pipeline attack

WARRI, Nigeria (AP) — Nigerian militants say they have blown up another crude pipeline owned by Italian oil company Agip. The Niger Delta Avengers announced the early-morning blast in Bayelsa state in a tweet Friday. The latest blast comes a few days after the militants rejected the government’s offer of peace talks. Nigeria’s government had ordered the military to halt ...

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US stocks tumble as banks and tech stocks fall

NEW YORK (AP) — U.S. stocks are skidding Friday morning and returning more of their gains from earlier in the week. Banks are falling again as bond yields continue to plunge, and energy companies are slipping with the price of oil. KEEPING SCORE: The Dow Jones industrial average sank 144 points, or 0.8 percent, to 17,841 as of 10:12 a.m. ...

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North Dakota GOP gubernatorial campaign enters homestretch

BISMARCK, N.D. (AP) — After months of rallies in tiny town cafes and fundraisers in big city venues, the Republican candidates for North Dakota governor are making their final push in an intense, expensive and often acrimonious campaign between longtime friends that has focused largely on leadership qualifications as the state’s oil revenues decline. Attorney General Wayne Stenehjem and his GOP ...

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Mexico gets first non-Pemex gas station in almost 8 decades

MEXICO CITY (AP) — For the first time in nearly eight decades, the ubiquitous Pemex gas stations have competition along Mexico’s highways and city streets. Two companies have opened three gas stations under their own brands, breaking one of the state-owned petroleum company’s last monopolies. Opening the retail sector to competition was part of energy reforms passed in 2014. Mexico’s ...

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Oil slump brings bargains, buyers to Bakken assets

As the oil price slump continues, investors are hunting for bargains on the hope they will eventually profit from the nation’s second largest oil play, reports the Wall Street Journal (WSJ). According to state data, hundreds of wells have been bought and sold in recent months. Those placing bets on long term profitability in the Bakken range from major O&G ...

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