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Tag Archives: oil and gas

Jenkins, Pompeo warn of ‘attack’ on fossil fuel industry

oil and gas, fossil fuel,

WICHITA, Kan. (AP) — Kansas oil and gas producers listened to dire warnings about their industry’s future from two House members during their convention in Wichita. U.S. Rep. Lynn Jenkins told the Kansas Independent Oil and Gas Association on Monday that it is still an assault on the industry by President Barack Obama’s administration from a regulatory environment to tax ...

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Oklahoma City-based Kimray Inc. announces more layoffs

Kimray

OKLAHOMA CITY (AP) — An Oklahoma City-based company that makes equipment used in oil- and gas-fields will lay off 120 employees by the end of the week. The layoffs at Kimray Inc. announced Monday come after the company laid off 65 employees in March. Another 128 employees accepted voluntary buyouts in 2015. The latest cuts will leave the company with ...

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US attorney: 2 Belarusians stole $1.35M from drilling company

drilling company

PITTSBURGH (AP) — Federal authorities in Pittsburgh say two men have been charged by authorities in Belarus with receiving $1.35 million stolen in a phishing scheme from the bank account of a Pennsylvania oil and gas drilling company. U.S. Attorney David Hickton says 34-year-old Aleskey Yaroshevich and 41-year-old Egor Pavlenko are in police custody in their hometown of Minsk. Hickton’s office ...

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US stocks jump as JPMorgan gives banks a big boost

US stocks jump as JPMorgan gives banks a big boost

NEW YORK (AP) — U.S. stocks climbed again Wednesday as quarterly results from JPMorgan Chase gave banks a big lift. Economic news from China powered industrial and technology companies in the U.S. and stock exchanges overseas. JPMorgan Chase, the largest bank in the U.S., led a rally in financial stocks after its first-quarter results came in better than analysts expected. ...

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