Companies face penalties for well violations in New Mexico SANTA FE, N.M. (AP) — State oil and gas regulators have issued notices to two companies for violating their permits for wastewater injection wells in southeastern New Mexico. The Oil Conservation Division said Tuesday that the civil penalties include more than $2 million against XTO Permian Operating for violations at four …

Gabrielle Arsiaga/News-Sun The City of Hobbs has approved the first cannabis dispensary in city limits. Bryan’s Green Care started their application process in 2014 to produce and sell cannabis to medical patients and was denied by the state because the number of state licenses were at the limit. The business got approved to grow and sell to recreational consumers and …

Gabrielle Arsiaga/News-Sun The City of Hobbs has approved the first cannabis dispensary in city limits. Bryan’s Green Care started their application process in 2014 to produce and sell cannabis to medical patients and was denied by the state because the number of state licenses were at the limit. The business got approved to grow and sell to recreational consumers and …

BELFORT, France (AP) — France plans to build six new nuclear reactors and to extend the life of its existing nuclear plants as part of the country’s strategy to reduce the greenhouse gas emissions that cause global warming, French President Emmanuel Macron said Thursday. Macron said the construction work would start around 2028 so the first new reactor can be …

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Oil cartel OPEC and allied producing countries are sticking with cautious increases in the amount of oil they send to the global economy, a decision likely to support prices that are near seven-year highs amid fears of a Russian military move against Ukraine. The alliance of OPEC members led by …

Exxon restructures divisions and packs up for Houston NEW YORK (AP) — Exxon Mobil is restructuring its business into three divisions and moving its headquarters 250 miles south from Irving, Texas, to its campus north of Houston. The oil giant said Monday it will combine its chemical and refining operations, while centralizing its technology and engineering and other other support …

By JENNIFER McDERMOTT Associated Press PROVIDENCE, R.I. (AP) — As climate change pushes states in the U.S. to dramatically cut their use of fossil fuels, many are coming to the conclusion that solar, wind and other renewable power sources might not be enough to keep the lights on. Nuclear power is emerging as an answer to fill the gap as …

Officials at Florida-based Burkes Outlet plan to open a store in Hobbs, but details remain vague. After the company posted on a construction bids website its intent to spend $1-3 million on construction in Hobbs, the News-Sun reached out for comment. Lisa Herrmann, director of communications and community affairs for Bealls Inc., the parent company for Burkes Outlet, checked with …

WASHINGTON (AP) — President Joe Biden on Tuesday ordered 50 million barrels of oil released from America’s strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including China, India and the United Kingdom. The move is aimed at global energy markets, but also at U.S. voters who are coping with higher inflation and …

WASHINGTON (AP) — President Joe Biden on Tuesday ordered 50 million barrels of oil released from America’s strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including China, India and the United Kingdom. The move is aimed at global energy markets, but also at U.S. voters who are coping with higher inflation and …