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Home Business (page 13)

Business

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
10,419

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
2,548

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
2,629

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
3,347

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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You can hold on to your taxes a little longer. IRS will delay tax filing due date until May 17

By Michael
March 17, 2021
in :  Business, National/World News
Comments Off on You can hold on to your taxes a little longer. IRS will delay tax filing due date until May 17
2,478

IRS will delay tax filing due date until May 17 By SARAH SKIDMORE SELL AP Business Writer Americans will be getting extra time to prepare their taxes. The Internal Revenue Service says it’s delaying the traditional tax filing deadline from April 15 until May 17. The IRS announced the decision Wednesday and said it would provide further guidance in the …

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OPEC, Russia send oil price up with deal to contain output

By Michael
March 4, 2021
in :  Business
Comments Off on OPEC, Russia send oil price up with deal to contain output
2,604

FRANKFURT, Germany (AP) — Caution about the pandemic took the upper hand Thursday at a meeting of the OPEC oil cartel and allied countries, as they left most of their production cuts in place amid worry that coronavirus restrictions could still undermine recovering demand for crude. Many analysts had expected a small production increase as the price of oil has …

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Interior nominee Haaland questioned on drilling, pipelines

By Michael
February 23, 2021
in :  Business, State/Regional News
Comments Off on Interior nominee Haaland questioned on drilling, pipelines
3,497

WASHINGTON (AP) — President Joe Biden’s nominee to head the Interior Department faced sharp questions from Republicans Tuesday over what several called her “radical” ideas that include opposition to fracking and the Keystone XL oil pipeline. Deb Haaland, a New Mexico congresswoman named to lead the Interior Department, tried to reassure GOP lawmakers, saying she is committed to “strike the …

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California lawmakers propose ban on fracking by 2027

By Michael
February 18, 2021
in :  Business
Comments Off on California lawmakers propose ban on fracking by 2027
2,728

SACRAMENTO, Calif. (AP) — New legislation would ban all fracking in California by 2027, taking aim at the powerful oil and gas industry in the state already planning to ban the sale of new gas-powered cars by 2035. Progressive California has long been a leader in combating climate change, requiring solar panels on new homes and passing a law to …

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N.M. foresees $339 million more in state income from oil in short run

By Michael
February 18, 2021
in :  Business
Comments Off on N.M. foresees $339 million more in state income from oil in short run
2,703

SANTA FE, N.M. (AP) — A rebound in oil and natural gas prices is changing the outlook for state government finances in New Mexico as the Legislature drafts a spending plan for the coming fiscal year. A team of economists from three state agencies and the Legislature said Wednesday that state government income is likely to increase by $339 million …

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VIDEO: DCP Pipeline Explosion 2-16-2021

By Michael
February 16, 2021
in :  Business
Comments Off on VIDEO: DCP Pipeline Explosion 2-16-2021
15,734

A DCP pipeline one mile south of NM Highway 8 near Monument, NM exploded about 4 p.m. Tuesday, February 16, 2021. No injuries were reported and no structures were harmed.

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NextEra commissions new electric transmission line

Hobbs News-Sun
1 week ago

NextEra commissions new electric transmission line Christina Holt/News-Sun LOVINGTON — Dozens of guests stood …

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