Latest Energy industry News

Trust for US bondholders sues Venezuela over defaulted debt

Dec. 18, 2018 11:06 PM EST

CARACAS, Venezuela (AP) — A trust representing holders of Venezuelan bonds filed suit in New York federal court Tuesday demanding payment on more than $34 million in unpaid debt. The lawsuit is believed to be the first by a long list of investors not being paid by Venezuela's socialist government as it...

Stocks mixed in Asia on Fed rate decision, Japanese data

Dec. 18, 2018 10:33 PM EST

SINGAPORE (AP) — Asian stocks were mixed on Wednesday, as traders mulled over the Federal Reserve's interest rate decision and weaker-than-expected Japanese trade data. KEEPING SCORE: Japan's Nikkei 225 index fell 0.4 percent to 21,025.10 while South Korea's Kospi rose 0.6 percent to 2,074.38. Hong Kong's...

Another outage at Mississippi nuclear plant raises concerns

Dec. 18, 2018 9:54 PM EST

JACKSON, Miss. (AP) — Another unplanned outage at Mississippi's Grand Gulf nuclear power plant is adding to regulators' concerns over reliability problems at the largest single-unit nuclear power plant in the United States. The move is also heightening scrutiny over whether problems at Entergy Corp.'s...

Colorado expands buffer zone between schools, oil-gas wells

Dec. 18, 2018 6:51 PM EST

DENVER (AP) — Colorado oil and gas regulators voted Tuesday to expand the mandatory buffer zone between new wells and school property, a rare victory for proponents of tighter rules for the industry. The state Oil and Gas Conservation Commission will now require that new wells be at least 1,000 feet (305...

Gov.-elect Tim Walz names first 5 commissioners

Dec. 18, 2018 6:36 PM EST

ST. PAUL, Minn. (AP) — Minnesota Gov.-elect Tim Walz named a former speaker of the Minnesota House as his transportation commissioner Tuesday and kept the budget chief who serves the outgoing Gov. Mark Dayton as he announced his first five cabinet appointments. Walz appointed former House speaker Margaret...

How major US stock indexes fared Tuesday

Dec. 18, 2018 5:05 PM EST

After two days of huge losses, U.S. stocks ended back where they started Tuesday. Energy companies sank as crude oil plunged 7 percent, but technology and consumer-focused companies climbed. On Tuesday: The S&P 500 index inched up 0.22 points to 2,546.16. The Dow Jones Industrial Average clawed back 82.66...

Markets Right Now: Plunging oil price sinks energy stocks

Dec. 18, 2018 4:18 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. An early rally on the stock market was largely gone by the closing bell as another plunge in the price of oil sank energy stocks. U.S. crude fell to its lowest price since August 2017 Tuesday and is now down nearly 40...

Correction: Mississippi River Bluffs Wind Farm story

Dec. 18, 2018 4:07 PM EST

VALMEYER, Ill. (AP) — In a story Dec. 15 about a proposed wind farm in southern Illinois, The Associated Press attributed a quote in support of the project to the wrong person. It was Scott Foster, of the German company that would manufacture the wind turbines, not developer Joe Koppeis, who said the quote...

Federal agency proposes $232K fine for Kansas nuclear plant

Dec. 18, 2018 3:47 PM EST

TOPEKA, Kan. (AP) — Federal regulators have proposed fining Kansas' only nuclear power plant $232,000 over what regulators say was retaliation against an employee reporting a possible safety issue. The Nuclear Regulatory Commission announced Tuesday that it found the Wolf Creek Nuclear Operating Corp....

Lawmakers could face debate over earthquake damage

Dec. 18, 2018 3:10 PM EST

WICHITA, Kan. (AP) — Kansas lawmakers are likely to face renewed debate in the next legislative session about how or whether to hold oil and gas companies accountable for property damage caused by earthquakes in Kansas. Earthquakes have increased in Kansas since 2013 when fracking, or hydraulic fracturing,...