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Buffett’s firm buys nearly 1 million more Phillips 66 shares

Berkshire Hathaway, Phillips 66

OMAHA, Neb. (AP) — Warren Buffett’s company has bought nearly 1 million more shares of oil refiner Phillips 66. Berkshire Hathaway said in a regulatory filing that it owned 80.67 million Phillips 66 shares after the latest purchases this week. Berkshire now controls 15.4 percent of Phillips 66 stock. Berkshire has been investing in Houston-based Phillips 66 since 2012. After ...

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Gradiant Launches Oilfield Services Subsidiary Upon Continued Contract Wins

Gradiant Energy Services, water management

BOSTON, Sept. 15, 2016 – Gradiant, a technology company specializing in industrial water solutions and innovations, today announced the formation of its oilfield services company Gradiant Energy Services (GES). The wholly-owned subsidiary provides solutions and services for economic, efficient and environmentally friendly treatment, reuse and recycling of water in the oil and gas industry. The formation of GES follows more ...

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Dakota Access CEO: Company committed to finishing project

pipeline safety

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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UMH Properties Inc. Announces Grand Opening Event for Manufactured Home Model Home Sales Center in West Lafayette, Indiana

Woods Edge, manufactured home, sales center

Freehold, New Jersey–UMH Properties Inc. (NYSE:UMH) announces the grand opening of the Woods Edge Sales Center, situated at the back entrance of their manufactured home community in West Lafayette, Indiana.  Woods Edge was recently acquired by UMH Properties in October of 2015 and is just one of 98 UMH communities across the Midwest and Northeast. This Grand Opening Event will ...

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NDPC Statement on Dakota Access Pipeline Decisions

Dakota Access, pipeline protest

BISMARCK, N.D. – North Dakota Petroleum Council President Ron Ness issued this statement today in response to U.S. District Court Judge James Boasberg’s ruling today: “The NDPC is pleased with Judge Boasberg’s ruling today that upholds what a vast majority of North Dakotans have known and believed all along: that this is a legal project that has met and exceeded ...

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Pollution woes prompt pension fund to dump Duke Energy stock

Duke Energy, pollution, divestment

RALEIGH, N.C. (AP) — One of the world’s largest investment funds is dumping its shares in Duke Energy Corp. because it sees too much risk in what it called the largest U.S. electric company’s history of environmental damage. The decision to bar investments in Charlotte, North Carolina-based Duke Energy was announced Wednesday by the arm of Norway’s central bank that ...

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Dominion subsidiaries lock out union workers in 6 states

Dominion Power, union lockout

BRIDGEPORT, W.Va. (AP) — Dominion’s natural gas and interstate transmission subsidiaries have locked out about 915 union employees in six states over what the company says is the union’s refusal to have its members vote on a tentative four-year contract. Dominion says in a news release that the lockout was effective Wednesday for United Gas Workers Union Local 69 members ...

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Pipeline operator Enbridge to buy Spectra Energy for $28B

Enbridge oil

NEW YORK (AP) — Canada’s Enbridge is buying Houston-based Spectra Energy for about $28 billion, creating North America’s largest energy infrastructure company. Both companies operate pipelines that deliver oil and natural gas. Under the terms of the deal announced Tuesday, Spectra Energy shareholders will receive 0.984 a share of the combined company, or about $40.33 for each Spectra Energy share ...

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