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Author Archives: Ben Karkela

23.5M acres off Texas up for oil, gas leases in August

23.5M acres off Texas up for oil, gas leases in August

NEW ORLEANS (AP) — The federal government will offer 23.5 million acres off of Texas for oil and gas leases in August. The Bureau of Ocean Energy Management says that’s all the available waterbottom in the western Gulf of Mexico. Spokesman John Filostrat (FIL-oh-strat) says the agency has not chosen a date or location. Last August marked the smallest sale ...

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Pipeline opponents plan rally; want NY to deny permit

Pipeline opponents plan rally; want NY to deny permit

ALBANY, N.Y. (AP) — Members of environmental groups plan to rally at the state Capitol as they continue efforts to stop construction of a 124-mile natural gas pipeline from Pennsylvania to eastern New York. Opponents of the Constitution Pipeline want the Cuomo administration to deny a water quality permit for the project. Federal Energy Regulatory Commission approval of the project ...

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New Hampshire, Massachusetts in nuclear plant exercise

New Hampshire, Massachusetts in nuclear plant exercise

SEABROOK, N.H. (AP) — The states of New Hampshire and Massachusetts will be taking part in a full-scale emergency planning exercise regarding the Seabrook Station Nuclear Power Plant this week. The event allows federal teams to examine the ability of local, state and utility officials to protect the health and safety of the public living near the power plant in ...

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More Texas jobs lost as oil bust continues

More Texas jobs lost to oil bust

More than 1,100 Texas jobs have been cut in the past few weeks, according to reports by the Texas Workforce Commission. Oil major BP plans to cut at least 500 jobs in Harris County this year. The layoffs are expected to happen in June at three Houston locations. BP spokesman Jason Ryan said about 4,000 total upstream jobs will be ...

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Air Products to book charge, exit energy-from-waste business

Air Products will book a pre-tax charge ranging from $900 million to $1 billion in its fiscal second quarter, as the industrial gas supplier leaves its energy-from-waste business. The Allentown, Pennsylvania, company said Monday the charge stems mainly from writing down assets from the business. Air Products also expects a modest future tax benefit from the write-off. Company officials said ...

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Interview: Turkish Cypriot leader: gas may fund peace deal

Cyprus, offshore oil drilling

NICOSIA, Cyprus (AP) — Cyprus’ potential wealth from newly found offshore gas reserves could be used to partly fund a costly deal reunifying the ethnically divided island, the leader of the breakaway Turkish Cypriots said Monday. Mustafa Akinci said natural gas could boost energy cooperation between Israel, Cyprus and Turkey and foster peace in a tumultuous region, but warned unilateral ...

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OPEC official: Oil production freeze deal likely to be reached

OPEC official: Oil production freeze deal likely to be reached

KUWAIT CITY (AP) — Kuwait’s OPEC governor is saying members of the oil cartel and other producing countries likely will reach a deal later this month for a production freeze as crude prices sit below $40 a barrel. The state-run Kuwait News Agency quoted Nawal al-Fuzai on Tuesday as saying that oil ministers of OPEC nations and several non-OPEC nations showed interest ...

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