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Home Business (page 12)

Business

Exxon posts $2.7B quarterly profit after unprecedented year

By Michael
April 30, 2021
in :  Business
Comments Off on Exxon posts $2.7B quarterly profit after unprecedented year
3,981

NEW YORK (AP) — Exxon Mobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions. The oil giant brought in $59.15 billion in revenue, up 5% from $56.16 billion during the same quarter last year. It exceeded analyst projections for the quarter. The oil and gas industry has been struggling with …

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Exxon posts $2.7B quarterly profit after unprecedented year

By Michael
April 30, 2021
in :  Business
Comments Off on Exxon posts $2.7B quarterly profit after unprecedented year
3,221

NEW YORK (AP) — Exxon Mobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions. The oil giant brought in $59.15 billion in revenue, up 5% from $56.16 billion during the same quarter last year. It exceeded analyst projections for the quarter. The oil and gas industry has been struggling with …

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New Mexico sues oil company for cleanup of abandoned wells

By Michael
April 23, 2021
in :  Business
Comments Off on New Mexico sues oil company for cleanup of abandoned wells
2,834

SANTA FE, N.M. (AP) — The State Land Office on Thursday announced a lawsuit against two oil and natural gas companies, citing unmet obligations to plug at least 29 abandoned wells in western New Mexico, remove trash and debris and pay penalties for trespassing on an expired lease site. The lawsuit against BC&D Operating and Dominion Production Company is the …

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Biden taps Montana environmentalist for US Bureau of Land Management boss

By Michael
April 23, 2021
in :  Business
Comments Off on Biden taps Montana environmentalist for US Bureau of Land Management boss
3,133

BILLINGS, Mont. (AP) — President Joe Biden has nominated a longtime environmental advocate and Democratic aide to oversee the vast expanses of federally owned land in Western states — the latest political appointment raising concerns among Republicans as Biden moves to curtail energy production from public reserves. Tracy Stone-Manning of Missoula, Montana, was nominated on Thursday to direct the Interior …

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Biden taps ex-Obama official as Interior Department deputy

By Michael
April 14, 2021
in :  Business
Comments Off on Biden taps ex-Obama official as Interior Department deputy
2,001

WASHINGTON (AP) — The White House is naming Tommy Beaudreau, a former Obama administration official, to be deputy secretary at the Interior Department after dropping plans for a more liberal nominee who faced key Senate opposition. President Joe Biden on Wednesday nominated Beaudreau, a former chief of staff at the department who was the first director of the Bureau of …

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Biden taps ex-Obama official as Interior Department deputy

By Michael
April 14, 2021
in :  Business
Comments Off on Biden taps ex-Obama official as Interior Department deputy
2,764

WASHINGTON (AP) — The White House is naming Tommy Beaudreau, a former Obama administration official, to be deputy secretary at the Interior Department after dropping plans for a more liberal nominee who faced key Senate opposition. President Joe Biden on Wednesday nominated Beaudreau, a former chief of staff at the department who was the first director of the Bureau of …

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Shopping centers, restaurants planned near Covenant Hospital

By Michael
April 9, 2021
in :  Business, Local News
Comments Off on Shopping centers, restaurants planned near Covenant Hospital
10,264

It was only a matter of time. With the new $110 million Covenant Health Hobbs hospital being built on the southeast corner of Lovington Highway and Millen Drive the next logical step would be to have local shopping and restaurants developed within walking distance of the facility. To the north there are two restaurants and a pair of convenience stores. …

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OPEC and allies agree to gradually boost crude oil output

By Michael
April 5, 2021
in :  Business
Comments Off on OPEC and allies agree to gradually boost crude oil output
2,451

FRANKFURT, Germany (AP) — The OPEC oil cartel and allied countries said Thursday that they have decided to add gradually add back some 2 million barrels per barrel per day of oil production from May to July, moving cautiously in pace with the recovery of the global economy from the COVID-19 pandemic. The group is restoring production that was slashed …

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States sue to undo Biden pause on US oil & gas lease sales

By Michael
March 24, 2021
in :  Business
Comments Off on States sue to undo Biden pause on US oil & gas lease sales
2,542

NEW ORLEANS (AP) — Thirteen states sued the Biden administration Wednesday to end a suspension of new oil and gas leases on federal land and water and to reschedule canceled sales of leases in the Gulf of Mexico, Alaska waters and western states. The Republican-leaning states, led by Louisiana Attorney General Jeff Landry, seek a court order ending the moratorium …

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States sue Biden in bid to revive Keystone XL pipeline

By Michael
March 18, 2021
in :  Business, National/World News
Comments Off on States sue Biden in bid to revive Keystone XL pipeline
3,274

BILLINGS, Mont. (AP) — Attorneys general from 21 states on Wednesday sued to to overturn President Joe Biden’s cancellation of the contentious Keystone XL oil pipeline from Canada. Led by Ken Paxton of Texas and Austin Knudsen of Montana, the states said Biden had overstepped his authority when he revoked the permit for the Keystone pipeline on his first day …

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Tatum council eyes ordinance to legalize side-by-sides in town limits

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Tatum council eyes ordinance to legalize side-by-sides in town limits   Denise Marquez/News-Sun TATUM …

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