Top News & Analysis New Mexico

  • While Congress has adopted tax credits for sequestration products, new laws are needed to support development of carbon sequestration infrastructure, she said. She urged attendees to call on Congress to support legislation to facilitate the permitting and development of carbon capture sequestration projects and carbon dioxide pipelines.

  • Sept 12- An oversupply of natural gas in the United States will drive average prices in real terms at the Henry Hub benchmark to a level not seen since the 1970 s, according to a report from IHS Markit on Thursday. That oversupply will come from new pipelines that will allow a surge of new gas output associated with oil production in the Permian basin in West Texas and...

  • Rystad expects 2020 to be "not too rosy but not too bleak" for the oil industry, said Bjornar Tonhaugen, head of oil market research, with U.S. oil prices between $50 and $55 per barrel in 2020, with international prices around $60 per barrel. U.S. crude output has surged thanks to the Permian basin in Texas and New Mexico, the country's biggest oil field.

  • NEW YORK, Sept 10- U.S. crude oil production is expected to rise by 1.25 million barrels per day in 2019 to a record of 12.24 million bpd, the U.S. Energy Information Administration said on Tuesday, slightly lower than its previous forecast for a rise of 1.28 million bpd. U.S. crude output has surged to records above 12 million bpd this year, thanks to gains from the...

  • Spanish oil giant Repsol is in advanced talks to acquire some deepwater assets in the U.S. Gulf of Mexico from Exxon Mobil for about $1 billion.

  • LONDON/ LAGOS, Sept 9- Nigeria's oil, displaced by U.S. shale, has found an unlikely new outlet this year: the coast of the continental United States that is farthest from the African country's shores. But no pipelines easily connect the shale hub at the Permian basin, located in Texas and New Mexico, to the West Coast, driving the latter to look to Nigeria to quench its...

  • ODESSA, Texas, Sept 6- Oil producers and their suppliers are cutting budgets, staffs and production goals amid a growing consensus of forecasts that oil and gas prices will stay low for several years. The U.S. has 904 working rigs, down 14% from a year ago, and even that is probably too many, estimated Harold Hamm, chief executive of shale producer Continental...

  • MARSH HARBOUR, Bahamas, Sept 5- Richard Johnson said his six-year-old brother Adrian was just too small to withstand Hurricane Dorian. The boy was blown into churning storm surge and is among thousands of people missing, many children, after the worst hurricane to hit the Bahamas. An international relief effort was trying to overcome formidable logistical...

  • NASSAU, Bahamas, Sept 5- An international relief effort gathered pace on Thursday to help stunned residents of the Bahamas, where the health minister predicted a "staggering" death toll from Hurricane Dorian, now churning northward off the coast of South Carolina. Aerial video of the Abaco Islands in the northern Bahamas worst hit by the then-Category 5...

  • NASSAU, Bahamas, Sept 5- An international relief effort to bring humanitarian aid to stunned residents of the Bahamas gathered pace on Thursday as Hurricane Dorian churned northward off the coast of South Carolina, threatening storm surges and flooding. Aerial video of the worst-hit Abaco Islands in the northern Bahamas showed widespread devastation, with...

  • NASSAU, Bahamas, Sept 5- Stunned residents of the Bahamas surveyed the wreckage of their homes and officials struggled to assess the number killed by Hurricane Dorian, as the storm bore down on the South Carolina coast on Thursday, threatening record flooding. Some 70,000 people in the Bahamas needed immediate humanitarian relief after the most damaging storm...

  • NASSAU, Bahamas, Sept 5- Stunned residents of the Bahamas surveyed the wreckage of their homes and officials struggled to assess the number killed by Hurricane Dorian, as the storm bore down on the South Carolina coast, threatening record flooding on Thursday. The United Nations said 70,000 people in the Bahamas needed immediate humanitarian relief after the...

  • *More than 13,000 homes destroyed or damaged in Bahamas. NASSAU, Bahamas, Sept 5- Hurricane Dorian left stretches of the Bahamas looking as if they had been carpet bombed and was regaining strength as it crawled up the U.S. The United Nations said 70,000 people in the Bahamas needed immediate humanitarian relief after the most damaging storm ever to hit the island...

  • NASSAU, Bahamas, Sept 4- Survivors of Hurricane Dorian in the Bahamas thronged rescue helicopters on Wednesday and the United Nations said 70,000 people needed immediate humanitarian relief after one of the most powerful Caribbean storms on record devastated the island group. The most damaging storm to strike the island nation, Dorian killed 20 people when...

  • Jeffrey Epstein and Ghislaine Maxwell attend de Grisogono Sponsors The 2005 Wall Street Concert Series Benefitting Wall Street Rising, with a Performance by Rod Stewart at Cipriani Wall Street on March 15, 2005 in New York City.

    The revelation by Maxwell's attorney came at hearing over how to handle the documents.

  • Sept 3- U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell a portion of its New Mexico assets for $925 million to KKR-backed Spur Energy Partners LLC and plans to use the money to lower its debt and buyback shares. Concho, which operates in the prolific Permian basin's Delaware and Midland areas, had taken an impairment charge of $868...

  • Sept 3- U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell its New Mexico assets for $925 million to an affiliate of privately held Spur Energy Partners LLC, which is backed by global investment firm KKR. Oil and gas companies have been looking to trim non-core assets and focus their spending on areas including Permian's Delaware and...

  • Sept 3- U.S. oil and gas producer Concho Resources Inc said on Tuesday it would sell its New Mexico assets for $925 million to an affiliate of privately-held Spur Energy Partners LLC.

  • JACKSONVILLE, Fla., Aug 31- Hurricane Dorian punched northwest on Saturday to threaten Georgia and the Carolinas, possibly sparing Florida a direct hit, as the Bahamas braced for catastrophic waves and wind from the muscular category 4 storm. Communities in northeast Florida, Georgia and South Carolina raised alert levels, with residents filling sandbags as...

  • JACKSONVILLE, Fla., Aug 31- Hurricane Dorian punched northwest on Saturday to threaten Georgia and the Carolinas, possibly sparing Florida a direct hit, as the Bahamas braced for catastrophic waves and wind from the muscular category 4 storm. Communities in northeast Florida, Georgia and South Carolina raised alert levels, with residents filling sandbags as...