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Federal suit to stop Halliburton, Baker Hughes deal

Federal suit to stop Halliburton, Baker Hughes deal

WASHINGTON (AP) — The Justice Department on Wednesday sued to stop Halliburton Co. from acquiring oilfield services rival Baker Hughes Inc., saying the deal would harm consumers and eliminate head-to-head competition. The proposed transaction, valued at nearly $35 billion, would combine two of the world’s three leading providers of those services to oil and gas companies and create a bigger ...

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New Mexico groups push for more renewable energy

ALBUQUERQUE, N.M. (AP) — A coalition of New Mexico environmental groups and community leaders are pushing for more electricity to come from renewable energy sources. The head of the University of New Mexico’s Sustainable Studies Program, Bruce Milne, says it’s both desirable and feasible for the U.S. to shift to 100 percent renewable energy and that technological innovations in the ...

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Monaco, UK probe ‘vast corruption scandal’ in oil business

Monaco, UK probe 'vast corruption scandal' in oil business

PARIS (AP) — Monaco’s government says it is helping British authorities investigate a “vast corruption scandal” implicating an unspecified number of international oil companies, the tiny European principality said in a statement released late Thursday. The statement said several executives of the Monaco-based company UNAOIL had been questioned over the past few days and that their homes and headquarters had been ...

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Oil-dependent New Mexico joins climate-change coalition

SANTA FE, N.M. (AP) — New Mexico Attorney General Hector Balderas has joined a coalition of 17 state attorneys general to combat global warming by examining whether fossil fuel companies misled investors or the public on the impact of their business. State Deputy Attorney General Tania Maestas met Tuesday in New York with other prosecutors in the coalition. New Mexico depends heavily ...

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Texas oil and gas regulator dashes Army Corps’ drilling rule

Texas oil and gas regulator dashes Army Corps' drilling rule

GRAND PRAIRIE, Texas (AP) — Texas’ oil and gas regulator has challenged the U.S. Army Corps of Engineers’ authority to ban hydraulic fracturing and limit injection wells near a North Texas dam. In a letter sent to the corps on Thursday, Texas Railroad Commission Executive Director Kimberly Corley questioned restrictions the corps announced last week that would ban fracking within ...

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New Mexico reviews water injection wells for damages

Injection well used to dispose of oil field wastewater. (Image: Faces of Fracking via Flickr)

SANTA FE, N.M. (AP) — New Mexico’s state land commissioner is ordering a broad examination of easements for injection wells used by the oil and natural gas industry to dispose of waste saltwater, in response to environmental damage at a site in the southeast of the state. State regulators blame Midland, Texas-based Siana Operating for spills of oily water at ...

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Average gasoline price could break $2 threshold

Average gasoline price could break $2 threshold

The national average price for a gallon of gasoline may rise above $2 soon. A gallon of gas averaged $1.99 in the United States late Monday afternoon, according to GasBuddy.com. The average price has risen 5 cents in the past week. The average price for a gallon of gas in Houston was $1.84 on Monday afternoon, up 6 cents from ...

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