Top News & Analysis New Mexico

  • July 17- Packers Plus Energy Services, a company built on the North American shale oil boom, is turning to the Middle East to weather a new round of spending cuts by producers amid warnings of a looming oil glut. Oil production has outpaced demand by 900,000 barrels per day this year, according to the International Energy Agency, which expects increases to add a net...

  • Railroad tracks leading into the historic train depot in Santa Fe, New Mexico.

    By the numbers, these are America's worst states for business, according to a 2019 CNBC ranking released today. They received low marks for the quality of their workforce, business-friendliness, education and economic growth.

  • In CNBC's America's Top States for Business study, we used hard data—including health, crime, environmental quality and inclusiveness—to evaluate quality of life in all 50 states. By the numbers, these 10 states are America's worst places to live.

  • Flag of New Mexico

    Low cost of living can be enchanting, but onerous regulation and poor quality of life will yank you back to reality.

  • Billionaire Jeffrey Epstein in Cambridge, MA in 2004. Epstein is connected with several prominent people including politicians, actors and academics.

    Law enforcement officials say that wealthy financier Jeffrey Epstein has been arrested in New York on sex trafficking charges.

  • SAN FRANCISCO, July 2- Facebook Inc's Silicon Valley campus received the all-clear on Tuesday after fears that a package at its mail facility contained the nerve agent sarin. But exhaustive testing by fire and hazardous material teams found no toxic material, said Jon Johnston, fire marshal for the city of Menlo Park in California where Facebook is based.

  • NEW YORK/ BOSTON, June 26- The fate of thousands of lawsuits seeking to hold drugmakers responsible for fueling the U.S. opioid epidemic hinges in part on a thorny legal question: Can a company can use a bankruptcy to stop lawsuits from cities and states? Bankruptcy Judge Kevin Gross is expected in July to decide whether to halt more than 160 active lawsuits brought...

  • Drillers cut one oil rig in the week to June 14, bringing the total count down to 788, still the lowest since February 2018, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. More than half the total U.S. oil rigs are in the Permian basin in West Texas and eastern New Mexico, where active units decreased by five this...

  • Over the past three years, more than 90 percent of the nearly 4,000 land parcels offered by the government to drillers in the contiguous United States have drawn formal protests, compared to less than half prior to 2015, according to data recently released by the U.S. Department of Interior. There is no avenue to file protests against Alaska leases because they...

  • The 2.9% rise in energy demand in 2018, the fastest rate since 2010, deals a blow to global efforts to meet the 2015 U.N.-backed Paris climate agreement to limit global warming by sharply reducing carbon emissions by the end of the century. China, India and the United States accounted for around two-thirds of the growth in energy demand. In the United States,...

  • June 7- U.S. energy firms this week cut the oil rig count to the lowest since February 2018 as drillers follow through on plans to reduce spending with crude prices collapsing to a four-month low. More than half the total U.S. oil rigs are in the Permian basin in West Texas and eastern New Mexico, where active units decreased by six this week to 446, the lowest since...

  • LOS ANGELES, June 6- FedEx Corp said it plans to hire about 700 flexible, part-time Express drivers in 160 U.S. residential and rural markets as customer-turned-competitor Amazon.com Inc puts pressure on established delivery firms. The lower-cost, part-time drivers will use company vehicles, receive no benefits, work no more than four weekly shifts, and be paid...

  • LOS ANGELES, June 6- FedEx Corp said it plans to hire about 700 flexible, part-time Express drivers in 160 U.S. residential and rural markets as customer-turned-competitor Amazon.com Inc puts pressure on established delivery firms. A typical residential delivery costs FedEx, UPS and the U.S. Postal Service $1.60 more than a commercial delivery.

  • NEW YORK, June 6- The United States may now be the world's biggest crude producer, but the oil being produced in its prolific Permian basin is increasingly too light in density for domestic refiners or for exports, eroding prices for these orphan barrels. Over the past year, production from the Permian in West Texas and New Mexico has changed, with more super-light...

  • HOUSTON, June 4- Natural gas flaring and venting in the top U.S. oil field reached an all-time high in the first quarter of the year due to the lack of pipelines, at a time of increased focus on environmental concerns about methane emissions. Producers burned or vented 661 million cubic feet per day in the Permian Basin of West Texas and eastern New Mexico, the field...

  • Cheniere said it gave Bechtel, the lead contractor building its LNG terminals, notice to proceed with construction of Sabine 6. Cheniere has said it has a $2.5 billion contract with Bechtel to build Sabine 6 and expects the unit to enter service in 2023.. To fund a portion of Sabine 6 and a third LNG berth at the plant, Cheniere said its Cheniere Energy Partners LP...

  • May 31- Mexico's president on Friday urged his U.S. counterpart, Donald Trump, to back down from threats to slap tariffs on Mexican goods entering the United States, in a dispute over migration that could create a major economic shock for Mexico. "These proposed tariffs would have devastating consequences on manufacturers in America and on American consumers,"...

  • Drillers cut five oil rigs in the week to May 24, bringing the total count down to 797, the lowest since March 2018, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. Pioneer Natural Resources Co, one of the largest producers in the Permian Basin of West Texas and New Mexico, announced on Tuesday that it had cut...

  • May 22- An investor group that holds about 25% in Texas Pacific Land Trust installed its preferred trustee in a shareholder meeting on Wednesday that the company, one of the biggest landowners in Texas, rejected as invalid. On Tuesday, Texas Pacific postponed the special meeting where shareholders were due to fill a vacant trustee spot after filing a lawsuit...

  • JACKSON, Wyoming May 21- A U.S. oil producer is teaming up with a company working to grab planet-warming carbon dioxide straight from the air in a bid to extract more oil from the ground in a greener way, the companies said on Tuesday. Occidental Petroleum is partnering with Canada- based Carbon Engineering to build a new multi-million-dollar direct air capture...