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Tag Archives: Jobs

Consol cuts gas spending

oil field, Kuwait, oil spill

Consol Energy Inc. again cut its budget for spending on natural gas exploration and production because of continued low prices, though it won’t rule out drilling a few new wells in 2016. The Cecil-based gas and coal producer early Wednesday announced a new capital budget plan and annual production estimates ahead of a two-day financial conference in Miami. The budget ...

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Both sides haggle Cuomo on pipeline permits

Both sides of the debate over the controversial Constitution Pipeline project are ratcheting up pressure on Gov. Andrew Cuomo to act in ways that fulfill their respective wishes on state permits sought by the developer. The drama surrounding the looming decision comes as speculation mounts that the state Department of Environmental Conservation could act any day now on the so-called ...

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Officials express concerns over closing Huntley plant

New York State should look closer at other options before NRG Energy shutters the Huntley Station power plant in the Town of Tonawanda, local officials told the state Public Service Commission. NRG plans to shut down the plant in March. Erie County Executive Mark C. Poloncarz and other officials wrote a joint letter to the commission this week “to express ...

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US economy adds healthy 211K jobs; unemployment at 5 pct.

economy, jobs

WASHINGTON — The U.S. economy generated another month of solid hiring in November, making it highly likely that the Federal Reserve will raise interest rates from record lows this month. The Labor Department said Friday that employers added 211,000 jobs, led by big gains in construction and retail. And the government revised up its estimated job growth for September and ...

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U.S. Steel to lay off 2,000 in downstate Illinois

GRANITE CITY — A total of 2,000 steelworkers in Illinois found out they’d lose their jobs the week of Thanksgiving. U.S. Steel announced Monday it will temporarily idle its Granite City Works steel mill outside of St. Louis. The Pittsburgh-based steelmaker, which lost $173 million in the third quarter, has been warning it could close the Granite City plant since ...

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Marathon Oil slashes dividend, capex to save cash

U.S. oil producer Marathon Oil Corp on Thursday said it is slashing its quarterly dividend 76 percent and further reducing capital expenditures to preserve cash on hand as it tries to withstand a prolonged crude price slump. Crude prices have lingered below $50 a barrel for weeks, a level that renders some shale oil drilling unprofitable. To free up needed ...

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