Home / Business (page 5)

Business

US Justice Department investigating Chesapeake Energy

A building at the Chesapeake Energy Corp. headquarters lights up for Christmas in Oklahoma City. (Image: Kool Cats Photography via Flickr)

OKLAHOMA CITY (AP) — The U.S. Department of Justice has opened an investigation into possible antitrust violations by Chesapeake Energy Corp. The Journal Record reports (http://bit.ly/2dwWCJ5 ) the agency has subpoenaed documents related to how the driller pays royalty owners and accounts for oil and gas reserves. Chesapeake disclosed the subpoena Thursday in a regulatory filing with the U.S. Securities ...

Read More »

State Supreme Court rules in favor of $150M ethanol plant

ethanol, gasoline

PIERRE, S.D. (AP) — The South Dakota Supreme Court has removed the final obstacle for a $150 million ethanol plant in Sully County. Justices this week denied the appeal of 11 Onida-area residents who oppose the plant’s location, according to the Capital Journal and KCCR radio. The neighbors had sued, saying county officials improperly rezoned the site for commercial agriculture ...

Read More »

SEC: Weatherford International oil firm to pay $140M fine

tax fraud, Weatherford International

HOUSTON (AP) — Oilfield-services company Weatherford International PLC has agreed to pay a $140 million fine to settle government claims that it used fraudulent tax accounting to inflate its earnings. The Securities and Exchange Commission announced the settlement Tuesday with Weatherford, which is based in Switzerland and has major operations in Houston. According to a settlement order, Weatherford issued financial ...

Read More »

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 ...

Read More »

Vattenfall gets EU green light to sell German coal assets

Wyoming coal

BERLIN (AP) — Energy company Vattenfall AB says it has received approval from the European Commission to sell its loss-making coal assets in Germany. The Swedish state-owned company said Thursday that it expects the transfer to Czech energy company EPH and private equity group PPF Investments to be completed in the coming weeks. The assets include four active mines and ...

Read More »

No new coal? Objections to Wyoming coal mine to be heard

Coal Mining in Wyoming. Photo: US Department of Interior.

CHEYENNE, Wyo. (AP) — A state regulatory board plans to consider whether Wyoming’s first major new coal mine in decades should proceed despite the objections of two landowners. A subsidiary of Lexington, Kentucky-based Ramaco seeks to develop the Brook Mine north of Sheridan. The Wyoming Environmental Quality Council on Wednesday will discuss a possible order allowing Brook Mining Company to ...

Read More »

Cheers and jeers: Americans tune into Trump-Clinton debate

clinton, trump, debate

LAS VEGAS (AP) — From senior centers to college campuses and bars featuring campaign-themed cocktails, Americans laughed, cheered and jeered through the first debate between Hillary Clinton and Donald Trump. Viewers tuned in Monday on their TVs, cellphones and radios to watch and listen to the showdown between the two major presidential candidates. Here are some of the scenes across ...

Read More »

Shareholders approve sale of Westar Energy to Great Plains

power lines, energy

TOPEKA, Kan. (AP) — Stockholders have overwhelmingly approved the $12.2 billion sale of Topeka-based electric company Westar Energy to Missouri-based Great Plains Energy, the two firms announced Monday. Westar is Kansas’ largest electric company, and after the acquisition, Great Plains would serve more than 1.5 million customers in the two states. The two companies say combining operations would result in ...

Read More »