Retail group downcast about holidays, and Sept.. may have brought sector its 13th monthly dropNEW YORK — After parents cut back on clothes and accessories for children this past fall, the retail industry suspects they won’t be any more generous by the holidays. Patterson-UTI reports increase in September drilling activityHOUSTON — Oil and gas driller Patterson-UTI Energy Inc. on Monday said its September drilling activity rose sequentially as oil prices stabilized, and oil and gas companies anticipated a future expected recovery in the economy. Oil reverses early losses, settles above $70 on strong stocks and weak dollarOil prices pushed through early losses to settle above $70 a barrel Monday on the coat tails of strong equity markets and weakness in the U.S. dollar. Oil reverses early losses, jumps above $70 on strong stocks, weak dollarOil prices pushed through early losses to jump above $70 a barrel Monday on the coat tails of strong equity markets and weakness in the U.S. dollar. Apache to supply 50 million cubic feet per day of gas through Argentina’s Gas Plus ProgramHOUSTON — Oil and gas company Apache Corp. on Monday said it secured new contracts to supply 50 million cubic feet of natural gas per day through Argentina’s Gas Plus Program. High court rejects case Obama administration says is worth billions in energy royaltiesWASHINGTON — The Supreme Court has left in place a court ruling that the Obama administration says will cost taxpayers at least $19 billion in royalties on energy leases in the Gulf of Mexico. Oil down below $69 in European trade on demand fears, amnesty in Nigeria for rebelsOil prices fell below $69 a barrel Monday as investors worried about energy demand and looked to third quarter company earnings reports this week for clues about the health of the U.S. economy. Emirates leader signs law clearing way for nuclear power plant to be built with US helpDUBAI, United Arab Emirates — The president of the energy-hungry United Arab Emirates has signed a law regulating the development of a civilian nuclear program, clearing the way for construction of a nuclear power plant with help from the United States. Oil lingers below $70 in Asia as investors look to corporate earnings for clues on economyOil prices lingered below $70 a barrel Monday as investors looked to third quarter company earnings reports this week for clues about the health of the U.S. economy. Talks with Iran draw optimism from White House as lawmakers endorse tougher sanctionsWASHINGTON — The White House said Sunday it sees signs of progress in confronting Iran’s nuclear program while members of Congress endorsed authorizing tougher U.S. economic penalties against the Tehran government. Russian industrial watchdog: Negligence a factor in hydropower plant disaster that killed 75MOSCOW — Russia’s top industrial safety oversight official said Saturday that negligence was a major factor in a devastating accident at the country’s biggest hydroelectric power plant, and hinted that high-level officials could face trial over the disaster that killed 75 workers. Venezuela buys ConocoPhillips’ stake in offshore natural gas projectCARACAS, Venezuela — Venezuela’s state oil company has purchased ConocoPhillips’ 40 percent stake in a joint natural gas venture with Chevron Corp. Congress prepares tough penalties against Iran if diplomacy fails to curtail nuclear programWASHINGTON — Congress is poised to act swiftly on new penalties against Iran if international talks on Tehran’s nuclear program show signs of faltering. And this time lawmakers are talking about trying to block gas and refined petroleum exports to Iran, possibly causing serious disruptions in the lives of ordinary Iranians. Congress ready to impose tough sanctions on Iran if diplomacy fails to curtail weapons programWASHINGTON — Congress is poised to act swiftly to impose tough new sanctions on Iran if international talks on Tehran’s nuclear program show signs of faltering. Already, some lawmakers are demanding that the United States strike immediately with new penalties rather than wait for an uncertain multinational consensus. NY court rules in favor of Canada’s biggest independent oil company in genocide lawsuitNEW YORK — A federal appeals court in New York has ruled that a lawsuit alleging that a Canadian energy company aided genocide in its pursuit of oil in Sudan was properly thrown out. Bank of America, Time Warner, CIT Group, ConocoPhillips are among big market movers FridayNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange: Todd Palin, husband of former Alaska governor resigns from oil field job on the North SlopeANCHORAGE, Alaska — The husband of former GOP vice presidential candidate Sarah Palin has quit his oil field job on the North Slope. Todd Palin’s resignation as a production operator for oil giant BP PLC comes almost two months after his wife stepped down as Alaska governor and shortly before the release of her highly anticipated memoir in a deal rumored to be worth millions. Research report says 3Q investment in global cleantech fell 22%; recovery forecast in 2010DENVER — New global investment in clean-energy companies fell 22 percent in the third quarter as government financing was offset by tight credit markets, according to new research released Friday. Husband of former Alaska governor resigns from oil field jobANCHORAGE, Alaska — The husband of former GOP vice presidential candidate Sarah Palin has quit his oil field job on the North Slope. Smith International says chief financial officer retiring; Replacement namedHOUSTON — Smith International Inc., a provider of products and services used by operators during the drilling, completion and production phases of oil and natural gas development activities, said Thursday that its chief financial officer is retiring. Obama: Iran has 2 weeks to let international inspectors into nuclear plantWASHINGTON — President Barack Obama on Thursday called landmark international talks with Iran on its nuclear program “a constructive beginning” but said that Iran must match its promises of cooperation with deeds. Government reports US is storing more natural gas than ever; prices tumble more than 7 percentNEW YORK — Natural gas prices tumbled nearly 8 percent Thursday after the government reported consumption has dropped so low that the U.S. is now storing more than at any other time on record. Exelon picks ex-AEP executive Stough for new transmission operationCHICAGO — Power company Exelon said Thursday that John Stough has been appointed as vice president and chief development officer for its new company that will seek to capitalize on the growing market for additional transmission lines. Bernanke: Fed ‘well suited’ to oversee largest financial cos.; subdued on consumer protectionWASHINGTON — Federal Reserve Chairman Ben Bernanke told a skeptical Congress Thursday that the central bank is “well suited” to oversee colossal financial companies whose failure could endanger the entire economy. West Texas wind farm billed as world’s largest begins operationsDALLAS — The world’s largest wind farm officially got up and running Thursday, with all 627 towering wind turbines churning out electricity across 100,000 acres of West Texas farmland. Hopi lawmakers, Navajo president say environmentalists harming tribes’ economiesFLAGSTAFF, Ariz. — The leader of the country’s largest Indian reservation threw his support behind the neighboring Hopi Tribe, whose lawmakers declared environmental groups unwelcome on the reservation. With fight ahead, Democrats drop controversial “cap and trade” term and talk energy securityWASHINGTON — Senate Democrats tried out a new catch phrase Wednesday to sell their global warming bill: pollution reduction and investment, or PRI. Oil prices rise over $70 after government reports surprise drop in US gasoline supplyNEW YORK — Oil prices climbed more than 5 percent, surpassing $70 a barrel Wednesday after a government report said the nation’s gasoline supply dropped unexpectedly and demand increased from last year. EPA proposes first-ever permits for greenhouse gases from power plants and factoriesWASHINGTON — Proposed regulations would require power plants, factories and refineries to reduce greenhouse gases by installing the best available technology and improving energy efficiency whenever a facility is significantly changed or built. Utility company PacifiCorp agrees to removal of Klamath dams to help salmon in Calif., Ore.MEDFORD, Ore. — The utility that owns four hydroelectric dams on the Klamath River has agreed to terms for their removal, a key milestone in efforts to restore what was once the third-biggest salmon run on the West Coast and end decades of battles over scarce water. |
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