ENERGY (MSM)
(Reuters) – Clean-up costs associated with a Californian oil pipeline rupture that dumped as much as 2,400 barrels of crude onto a pristine stretch of coastline and into the Pacific Ocean have exceeded $60 million, the Los Angeles Times reported on Wednesday. Plains All American Pipeline spokeswoman Meredith Mathews told the newspaper that expenses for restoring the affected area near Santa Barbara ran as high as $3 million a day.
Cloud storage provider Box Inc raised its full-year forecast as more customers subscribed to its content-sharing platform. Shares of the company, whose customers include AstraZeneca Plc , General Electric Co and Chevron Corp , rose about 8.7 percent in extended trading on Wednesday. “Box expects to be cashflow breakeven by the end of next fiscal year, and in terms of profitability, that would come thereafter” Chief Executive Aaron Levie told
Cloud storage provider Box Inc raised its full-year forecast as more customers subscribed to its content-sharing platform. Shares of the company, whose customers include AstraZeneca Plc , General Electric Co and Chevron Corp , rose about 8.7 percent in extended trading on Wednesday. “Box expects to be cashflow breakeven by the end of next fiscal year, and in terms of profitability, that would come thereafter” Chief Executive Aaron Levie told
A natural gas extraction company controlled by energy giant Exxon Mobil sought to prove at a hearing Wednesday that it is not to blame for a recent rash of small earthquakes in North Texas. This week’s …
WASHINGTON (AP) — A House panel passed a spending measure on Wednesday that cuts the budget at the Environmental Protection Agency by 9 percent and blocks the Obama administration from advancing new rules to reduce greenhouse gas emissions.
WASHINGTON (AP) — The government is proposing to regulate aircraft emissions in much the same way as power plants, saying they are a threat to human health because they contain pollutants that help cause global warming and therefore should be regulated.
WASHINGTON (AP) — Congressional Republicans are pushing to block an Obama administration rule designed to protect water quality in small streams, tributaries and wetlands before it goes into effect later this year.
NEW YORK (AP) — U.S. stocks climbed early Wednesday, breaking a weeklong slump. Chevron and other oil and gas companies surged as the price of oil headed higher.
US stocks jumped early Wednesday as oil sector equities rose with crude prices and after retailer Target boosted its dividend. ConocoPhillips rose 1.0 percent and Dow member Chevron tacked on 1.5 percent as oil prices surged for a second day. Big-box retailer Target advanced 0.8 percent as it lifted its quarterly dividend by 7.7 percent and doubled authorized share repurchases.
(Reuters) – Santa Barbara County rejected Exxon Mobil Corp’s emergency permit application to temporarily haul crude using tanker trucks following a recent pipeline rupture, officials in the Southern California county said on Tuesday. Planning and Development assistant director Dianne Black denied Exxon’s request, saying the case did not warrant an emergency approval. Exxon can apply for approval again through the customary permit process, a statement from the County office said.
