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Exxon Mobil to buy InterOil for $2.5 billion

Exxon Mobil

DALLAS (AP) — Exxon Mobil Corp. emerged Thursday as the winning bidder for InterOil Corp., which has natural gas holdings in Papua New Guinea. Exxon said it will pay $2.5 billion for InterOil in a deal that will complement its large liquefied natural gas facility in the country. Exxon hopes to capitalize on growing demand for cleaner fuels in Asia. ...

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$250 million wind farm dedicated in northern North Dakota

The North Dakota Public Service Commission will hold hearings regarding the proposed Stark County wind farm. (Image: Duke Energy via Flickr)

ROLLA, N.D. (AP) — Officials have dedicated a $250 million wind farm in northern North Dakota that was more than a dozen years in the making. Xcel Energy’s Border Winds Farm north of Rolla has 75 turbines spread across 30 square miles of farmland. It employs 11 people and can produce 150 megawatts of electricity — enough to power more than 78,000 ...

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New Mexico Gas Co. plans natural gas pipeline to Mexico

New Mexico Gas, pipeline

ALBUQUERQUE, N.M. (AP) — New Mexico Gas Co. says it’ll seek a federal permit to begin building a natural gas pipeline from southern New Mexico to Mexico. Company spokesman Teala Kail says the $5 million project would extend the company’s existing pipeline in Santa Teresa about five miles to the U.S.-Mexico border and enlarge the pipeline. The Albuquerque Journal (http://goo.gl/CTuQez ...

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Efficiency and innovation will keep the Bakken afloat

north dakota oil, bakken pumpjacks, oil production

U.S. Senator Heidi Heitkamp, D-N.D. cited North Dakota’s innovation and efficiencies in production as the reason the state will stay afloat amidst oil market uncertainty, WDAY reported yesterday. “Every organization that I’ve been involved in when they’re under stress, you have two option; you can either fold and go home or you can innovate and advance. The great news here is North Dakota’s ...

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Turkmenistan abolishes agencies managing key gas industry

natural gas drilling rig

ASHGABAT, Turkmenistan (AP) — Turkmenistan, which holds the world’s fourth-largest natural gas reserves that are the base of its economy, has abolished two of the primary government agencies responsible for the sector. The government newspaper Neutral Turkmenistan on Saturday said President Gurbanguly Berdymukhamedov had ordered the disbanding of the Ministry of Oil and Gas and the State Agency For Managing ...

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Poll: US-Mexico border residents feel ignored, oppose wall

ALBUQUERQUE, N.M. (AP) — Residents along the U.S.-Mexico border are feeling ignored in the midst of a U.S. presidential election in which immigration, border security and a proposed wall are being hotly debated, a poll released Monday suggests. A Cronkite News-Univision News-Dallas Morning News border poll found a majority of urban residents surveyed on both sides of the border are ...

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