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Author Archives: Ben Karkela

$400M floating gas terminal to be built

MANAMA, Bahrain — A contract to set up a multi-million dollar floating gas terminal off the coast of Bahrain will be awarded next month. The $400 million Liquefied Natural Gas (LNG) terminal will be constructed near Khalifa Bin Salman Port, on Bahrain’s northeast shore. Energy Minister Dr Abdulhussain Mirza said it would be operational by early 2018 and would receive ...

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Oncor sale to Hunt Consolidated currently held up

The proposed sale of Oncor is being held up by a minority shareholder, but Energy Future Holdings Corp. (EFH), the company that owns 80 percent of Oncor, is suing to force that shareholder’s hand. Oncor Electric Delivery is Texas’ largest power company, serving Tyler and many surrounding areas. It’s privately held by a number of investors, including EFH. But EFH ...

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Professor: Texas major hub for human trafficking

Several years ago, Sandra Spencer said she blithely assumed sex trafficking was something that occurred outside the United States. “Well, the scales fell from my eyes, so to speak, when I attended the Texas Conference for Women in 2002,” said Spencer, a professor and the director of the Women and Gender Studies program at University of North Texas. Spencer spoke ...

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Pipeline Views

UPPER TOWNSHIP, N.J. — Some called a hearing Monday before the state Board of Public Utilities on whether to allow South Jersey Gas to build a 22-mile pipeline through the environmentally sensitive Pinelands National Reserve the most important forum “in the history of the Pinelands.” Others, however, called the meeting just one more in a “rigged system” that “caters to ...

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Upcoming nuclear plant closure could roil New England markets

HARTFORD, Conn. — The impending retirement of Massachusetts’ only nuclear power plant could roil energy markets across New England, leading to greater reliance on natural gas, driving up carbon emissions and putting more pressure on pipelines already facing bottlenecks. Pilgrim Nuclear Power Station, the only nuclear power plant in Massachusetts, announced last week it will close by June 2019 because ...

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Halliburton reports 3Q loss

HOUSTON — Halliburton Co. (HAL) on Monday reported a third-quarter loss of $54 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Houston-based company said it had a loss of 6 cents. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, were 31 cents per share. The results ...

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Nobody hurt in East Texas derailment, including 2 tankers

BIG SANDY, Texas — Nearly a dozen freight cars have derailed in East Texas including two tankers carrying sulfuric acid but none of the toxic cargo spilled. Big Sandy police say nobody was hurt in Thursday morning’s derailment involving a 115-car Union Pacific train. Authorities say 11 cars derailed, including some that overturned. Officer Noe De La Cruz says authorities ...

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Retail gasoline prices in Texas, nationwide down 2 cents

COPPELL, Texas — Retail gasoline prices across Texas and nationwide have declined 2 cents per gallon this week. AAA Texas on Thursday reported the statewide average slipped to $2.04 per gallon. Prices at the pump across the U.S. settled at $2.29 per gallon. Texarkana has the cheapest gasoline in Texas at an average $1.96 per gallon. Drivers in Amarillo are ...

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Gasoline weighs on U.S. consumer prices; jobless claims fall

WASHINGTON – U.S. consumer prices recorded their biggest drop in eight months in September as the cost of gasoline fell, but a steady pick-up in the prices of other goods and services suggested inflation was starting to firm. There was good news on the labor market, with other data on Thursday showing new applications for unemployment aid fell back to ...

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