Energy
Oil falls near $98 a barrel before Bernanke speaks
The price of oil fell Wednesday, before the conclusion of a U.S. Federal Reserve meeting. Benchmark oil for July delivery fell 13 cents to $98.31 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 67 cents to close at $98.44 a ...
Cape Wind gets $200M investment from Danish fund
The Cape Wind offshore wind project has secured a $200 million investment from a Danish pension fund in what the wind farm's president said Tuesday is a milestone for the long-delayed project. In a statement announcing the commitment, PensionDanmark's chief executive Torben Moger Pedersen noted the fund has already invested ...
Allegheny County seeks gas drilling bids
Allegheny County officials say they plan to request bids for natural gas drilling under a public park. County Executive Rich Fitzgerald says Tuesday that the county could get up to $700,000 a year in royalty payments for drilling under Deer Lake Park, which is about 20 miles northeast of Pittsburgh. ...
NYC to offer free phone-charging stations in parks
It's a message busy New Yorkers hate to get: the low-battery message on your cellphone when there's no charger in sight. Now that could be a thing of the past. New York City has teamed up with AT&T to install 25 solar-powered charging stations for public use, available for free ...
Ill. town agrees to sell water to mining company
An eastern Illinois town has agreed to sell water to a proposed coal mine after another small town decided to limit what it would provide. Georgetown's City Council voted Monday to sell up to a half-million gallons of water a day to Sunrise Coal. The Terre Haute, Ind., company wants ...
Duke Energy names insider to take over for Rogers
Duke Energy Corp., the nation's largest electric utility, named Chief Financial Officer Lynn Good to replace Jim Rogers next month as CEO. Rogers, 65, will retire on July 1. He agreed to step down by the end of the year as part of a settlement with North Carolina regulators after ...
Argentine cash controls bring bargains, headaches
The Brazilian visitors gawk in wonder as they stroll past shop windows along touristy Florida street in the Argentine capital. The jackets, the shoes — they're all so cheap when your purse is stuffed with black-market money. Visitors who turn to the streets rather than the banks to swap their ...
Oil prices climb above $98 before US Fed meeting
The price of oil climbed back above $98 a barrel Tuesday, a day after briefly touching a nine-month high, as traders awaited the start of a Federal Reserve policy meeting. By early afternoon in Europe, benchmark oil for July delivery was up 37 cents to $98.14 a barrel in electronic ...
Chevron secures Iraqi Kurdish oil deal
U.S. oil giant Chevron says it has signed a deal with Iraq's Kurdish regional government to expand its oil exploration territory in the northern self-rule region. The California-based company said in a statement emailed Tuesday that it acquired the rights to hunt in the Qara Dagh exploration block, which is ...
Colleges plan training for gas drilling jobs
Two colleges in southern Illinois have announced a cooperative agreement to provide training in the emerging field of high-volume oil and gas drilling. Officials from Southeastern Illinois College in Harrisburg and Rend Lake College in Ina announced the plan Monday after Gov. Pat Quinn signed a new law establishing rules ...
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