Latest News

Last updated on Sat, 07 Nov 2009
Milledgeville robber gets 17-year prison sentence
Macon.com - Local, Fri, 06 Nov 2009
A 23-year-old Milledeville man has been sentenced to serve 17 years in prison and another 23 on probation in connection with a robbery and attempted armed robbery at a Milledgeville convenience store.
Why Do Countries Rich In Oil Still Have Poverty?
NPR - World News, Fri, 06 Nov 2009
This week's Planet Money report deals with what economists call the "paradox of oil." We'll meet two men who work in the African nation of Angola. One is an American, who makes big money in the oil business. The other is an Angolan who sells chewing gum on the street.
'Big Oil' Returns To Redevelop Iraq's Oil Fields
NPR - World News, Fri, 06 Nov 2009
In the six years since the U.S. invasion, Iraq's oil production has hardly matched the level under Saddam Hussein. Iraq's oil minister had been harshly criticized, but this week the world's largest oil companies signed multi-billion dollar deals to redevelop Iraq's oil fields. What's most impressive is that the oil minister got the companies to accept Iraq's conditions and terms.
Dow regains 10,000; American Oil & Gas leads Colorado gainers
Atlanta Business Chronicle - Business Snapshot , Thu, 05 Nov 2009
The Dow shot back over 10,000 again Thursday with a 204-point gain. In Colorado, American Oil & Gas led actively traded gainers.
Chief Oil & Gas: More planned in Marcellus Shale
Atlanta Business Chronicle - Oil & Gas, Wed, 04 Nov 2009
Privately held independent oil and gas company Chief Oil & Gas LLC said Wednesday it has increased its leasehold in the Marcellus Shale, which is located in Pennsylvania and New York.
NStar seeks lower electricity rates; heating oil spikes in Mass.
Atlanta Business Chronicle - Oil & Gas, Wed, 04 Nov 2009
Homeowners in NStar’s service area can expect lower electricity rates this winter thanks to declining prices for natural gas. However, evidence of higher heating oil costs may bite into some of those savings.
MasTec buying Precision Pipeline LLC
Atlanta Business Chronicle - Oil & Gas, Tue, 03 Nov 2009
MasTec (NYSE: MTZ) has signed a $150 million deal to buy Precision Pipeline LLC, a Wisconsin company that provides infrastructure for natural gas and petroleum pipelines. (MTZ)
Exco Resources’ profit jumps to $433M
Atlanta Business Chronicle - Oil & Gas, Tue, 03 Nov 2009
Oil and natural gas exploration company Exco Resources Inc. posted third-quarter net income of $433 million this week, which is up significantly from the same quarter last year. (XC)
Cimarex Energy swings to Q3 profit
Atlanta Business Chronicle - Oil & Gas, Tue, 03 Nov 2009
Cimarex Energy Co. Tuesday posted a third-quarter profit, reversing its loss of a year ago, when the Denver company's results were hampered by a $657 million oil and gas properties write-down. (XEC)
Forest Oil earnings slump 60% in Q3
Atlanta Business Chronicle - Oil & Gas, Tue, 03 Nov 2009
Forest Oil Inc. reported a 60 percent slide in third-quarter profit Monday, the latest energy company to be stung by lower commodity prices. (FST)
Health Issues Follow Natural Gas Drilling In Texas
NPR - Health & Science, Tue, 03 Nov 2009
Vast new natural gas fields have opened up thanks to an advanced drilling technique. While natural gas is a cleaner burning fuel than coal or petroleum, extracting it is still hard, dirty work. Some people who live near the massive Barnett Shale gas deposit in north Texas, have complaints. Health and environmental concerns are prompting state regulators to take a closer look.
Holly Energy to sell 1.9M stock units
Atlanta Business Chronicle - Oil & Gas, Mon, 02 Nov 2009
Holly Energy Partners L.P., which transports petroleum products, said Monday the company is putting 1.9 million units of common stock up for sale to help fund the cash portion of the company’s purchase of refining assets in Tulsa, Okla. (HEP)
Anadarko 3Q profit down sharply
Atlanta Business Chronicle - Oil & Gas, Mon, 02 Nov 2009
Anadarko Petroleum Corp. (NYSE: APC), reported a net income of $200 million, or 40 cents per share for the third quarter. The results were helped by $251 million worth of items not typically included in the earnings estimate, the company said. (APC)
Denbury to acquire Encore Acquisition in $4.5B deal
Atlanta Business Chronicle - Oil & Gas, Mon, 02 Nov 2009
Independent oil and natural gas company Denbury Resources Inc. will acquire Encore Acquisition Co., creating what the companies say is the “largest CO2 enhanced oil recovery platforms” and one of the largest crude oil-focused independent exploration and production companies in North America. (ENP)
Gas prices pop statewide for third week
Atlanta Business Chronicle - Oil & Gas, Mon, 02 Nov 2009
For the third week in a row, gasoline prices in Massachusetts have risen; the average price for a gallon of regular, unleaded gasoline was up $.03 Monday, according to a report from AAA Southern New England.
Gas prices up 2 cents in Georgia
Atlanta Business Chronicle - Oil & Gas, Mon, 02 Nov 2009
The price of gasoline in Georgia went up about two cents in the last week, according to figures provided Sunday by AAA Auto Club South.
Dropping oil demand impacts OSG America
Atlanta Business Chronicle - Oil & Gas, Mon, 02 Nov 2009
OSG America LP reported a net loss of $10.1 million for the third quarter of 2009, compared with a net loss of $9.7 million in the same period of 2008. (OSP) (OSG)
Gas prices creep higher
Atlanta Business Chronicle - Oil & Gas, Mon, 02 Nov 2009
Orlando-area gasoline prices rose again last week, with the average cost of a gallon of regular up 2 cents to $2.70.
Companies turning waste to energy get boost
Atlanta Business Chronicle - Oil & Gas, Mon, 02 Nov 2009
In a warehouse in Seattle’s Georgetown neighborhood, General Biodiesel is using $1 million in federal stimulus money to upgrade equipment that turns used cooking oil and animal fat into biodiesel.
Energy sector shakes out another IPO
Atlanta Business Chronicle - Oil & Gas, Mon, 02 Nov 2009
A Houston-area provider of seismic data to some of the biggest worldwide oil and gas players is back for a second attempt at a public offering.
European manufacturers returning to diesel
Atlanta Business Chronicle - Oil & Gas, Mon, 02 Nov 2009
Three German auto manufacturers, Audi, BMW and Mercedes-Benz, have introduced SUVs equipped with diesel engines to the American market. While the Audi Q7, BMW X5 and Mercedes-Benz GL have been available for years with gasoline engines, 2009 marked the first time Americans could purchase diesel-powered versions of all three models.
Deadly Flu Kills Nearly 100 U.S. Children
NPR Topics: Children's Health, Mon, 26 Oct 2009
The Centers for Disease Control reports cases of the H1N1 virus, or swine flu, have spread to 46 states. Nearly 1,000 people have died, including close to 100 children. President Obama has declared a national state of emergency because of the H1N1 virus, or swine flu. Dr. Keith English is a professor of pediatrics and an infectious disease specialist at Le Bonheur Children's Medical Center in Memphis. English discusses how the virus spreading among children in the U.S.