Latest Energy industry News

Energy company leaves debris in Michigan, delays report

Dec. 5, 2019 9:25 PM EST

PETOSKEY, Mich. (AP) — A Canadian-based energy transportation company's preparation of a proposed tunnel that would house a petroleum pipeline caused a borehole to collapse in Michigan, which left debris in the waterway. Enbridge Energy had been collecting rock and soil samples, which it finished Sept. 12...

Coal bankruptcy plan approved amid bonding uncertainty

Dec. 5, 2019 8:22 PM EST

CHEYENNE, Wyo. (AP) — A judge approved a bankruptcy reorganization for one of the biggest U.S. coal companies Thursday amid ongoing uncertainty about how its mines will be bonded in the long term. Gillette-based Cloud Peak filed for bankruptcy in May. In 2018, the company was the third-highest-producing...

Firefighters battle hot spots at Georgia peanut warehouse

Dec. 5, 2019 7:50 PM EST

DOUGLAS, Ga. (AP) — Firefighters continued to battle hot spots at a south Georgia peanut warehouse on Thursday, more than a day after the blaze began. Coffee County Fire Chief Steve Carver told The Associated Press that firefighters arrived at the warehouse in Douglas to find flames leaping through the...

GM, Korea's LG Chem in venture to build factory in Ohio

Dec. 5, 2019 7:25 PM EST

WARREN, Mich. (AP) — General Motors and Korea's LG Chem have formed a joint venture to build an electric vehicle battery cell factory near Lordstown, Ohio, east of Cleveland. The companies also will work together on battery technology to bring down the cost for future GM electric vehicles. The new plant...

Transmission line foes press for full environmental review

Dec. 5, 2019 6:18 PM EST

LEWISTON, Maine (AP) — Opponents of Central Maine Power's proposed $1 billion transmission project that would bring Canadian hydropower to the New England power grid urged the Army Corps of Engineers on Thursday to perform a full environmental impact statement, one that CMP says would delay a final...

OPEC talks end without announcement of expected cuts

Dec. 5, 2019 5:59 PM EST

VIENNA (AP) — The countries that make up the OPEC oil-producing cartel ended talks late Thursday without an announcement on possible deep cuts to production that would support the price of fuel around the world. An OPEC spokesman told waiting journalists at 10 p.m. (2100 GMT) that an expected news...

Voluntary evacuation order lifted for Texas coastal city

Dec. 5, 2019 5:17 PM EST

PORT NECHES, Texas (AP) — Officials in the Texas coastal city of Port Neches lifted a voluntary evacuation order Thursday that was issued overnight because of concerns about air quality following a pair of chemical plant explosions last week. Officials issued the voluntary order for the city of roughly...

Renewable energy groups push NY to put a price on carbon

Dec. 5, 2019 4:49 PM EST

ALBANY, N.Y. (AP) — Renewable energy groups are pushing New York to help meet its ambitious climate change goals by charging electric generators for the carbon pollution they create. Putting a price on carbon will help New York meets its aggressive goal of 70% of its electricity coming from wind, solar and...

Williams County rejects landfill's radioactive waste request

Dec. 5, 2019 4:12 PM EST

WILLISTON, N.D. (AP) — The Williams County Commission has rejected a revised permit for a landfill that wants to become the first in North Dakota to dispose of radioactive oilfield waste after a state rule change. The commissioners made the decision at a meeting Tuesday, the Bismarck Tribune reported. They...

Saudi Aramco plans $25.6B share sale in biggest ever IPO

Dec. 5, 2019 4:08 PM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil company Aramco on Thursday set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. The company said it will sell its shares at 32...