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Author Archives: Zach Koppang

Alaska legislators head into overtime with big issues unresolved

JUNEAU, Alaska (AP) — The Alaska Legislature went into overtime Monday as it continued to wrestle with how to confront an estimated $4 billion state budget deficit. House Speaker Mike Chenault said legislative leaders planned to keep working past the voter-approved 90-day session limit in the hopes of reaching a compromise on outstanding issues, like oil and gas tax credits, ...

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Kuwait oil workers go on strike to protest cutbacks

kuwait oil workers

KUWAIT CITY (AP) — Oil workers in Kuwait went on strike Sunday to protest proposed government cutbacks as the OPEC nation grapples with a prolonged slump in crude prices. Thousands of workers gathered for demonstrations at the start of the local workweek in the town of Ahmadi, where the state-run Kuwait Oil Co. has its headquarters, some 40 kilometers (25 ...

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Florida teen’s science project catches Obama’s eye

BOCA RATON, Fla. (AP) — A 14-year-old Florida girl’s science project caught the eye of President Obama during the White House Science Fair. Hannah Herbst created an ocean-energy probe prototype. Last Wednesday, Obama stopped by her exhibit and pulled a string that showed electrical generation by a device using sea water. The design was inspired by her pen pal in ...

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Louisiana and Mississippi driller Goodrich files bankruptcy

goodrich files bankruptcy

JACKSON, Miss. (AP) — One of the oil companies most active in drilling wells in the Tuscaloosa Marine Shale formation in Mississippi and Louisiana has sought bankruptcy protection. Houston-based Goodrich Petroleum filed for Chapter 11 bankruptcy Friday after securities owners rejected swapping their holdings for common stock to lower debt payments. The company cites $99 million in assets against $507 ...

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Japan qualifies Chrysler Jeep Cherokee for green tax break

Japan qualifies Chrysler Jeep Cherokee for green tax break

TOKYO (AP) — Chrysler’s Jeep has been declared green by the Japanese government, becoming the first gasoline-engine American-made U.S.-brand vehicle to qualify for this nation’s green-car tax incentive. The U.S. automaker said Friday the 2016 Jeep Cherokee Trailhawk meets the emissions and fuel-efficiency standards allowing buyers to take a tax break of about 58,000 yen ($530) off the price tag. ...

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Indigenous group asks Brazil to stop financing mega-projects

RIO DE JANEIRO (AP) — A group representing Amazon indigenous people urged Brazil’s National Development Bank on Wednesday to stop financing projects that cause environmental damage. After meeting with bank representatives, leaders of the Ecuador-based group known as the Coordinator of Indigenous Organizations of the Amazon Basin said in a statement that they also asked the bank to adopt policies ...

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Top 5 Bakken news stories – April 9-15

Check out what stories our readers found most engaging this week with our top five recap. 5. Governor says North Dakota is weathering energy, ag slump BISMARCK, N.D. (AP) — North Dakota Gov. Jack Dalrymple says the state’s economic strength and diversified economy is helping to weather fluctuations in the energy and agriculture industries. Dalrymple spoke Wednesday at the state’s first demographic ...

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Engineer accused of illegally helping China build reactors

NASHVILLE, Tenn. (AP) — A Chinese-born U.S. nuclear engineer has been accused of recruiting a team of U.S.-based experts to help a state-controlled Chinese nuclear energy company build reactors there. Szuhsiung Ho, also known as Allen Ho, had dual citizenship in China, where he was employed with the China General Nuclear Power Company, and the U.S., where he was owner ...

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US rig count drops 3 this week to 440, another all-time low

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by three this week to 440, again reaching an-time low amid depressed energy industry prices. A year ago, 954 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 351 rigs sought oil and 89 explored for natural gas. Among major ...

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