logged_outCopyright © 2020 Albuquerque JournalThe world’s major oil producing countries are hammering out agreements for huge cuts in global output to raise prices, but it’s unlikely to bring much relief to the oil and gas industry in New Mexico or elsewhere until the coronavirus lockdown ends and demand for fuel rebounds.The Organization of Petroleum Exporting Countries, Russia and others agreed in principle Thursday to collectively cut production by 10 million barrels per day, and to seek five million barrels in additional cuts from the U.S. and other nations during a meeting of the G-20...…logged_outCopyright © 2020 Albuquerque JournalThe world’s major oil producing countries are hammering out agreements for huge cuts in global output to raise prices, but it’s unlikely to bring much relief to the oil and gas industry in New Mexico or elsewhere until the coronavirus lockdown ends and demand for fuel rebounds.The Organization of Petroleum Exporting Countries, Russia and others agreed in principle Thursday to collectively cut production by 10 million barrels per day, and to seek five million barrels in additional cuts from the U.S. and other nations during a meeting of the G-20...WW…

logged_outCopyright © 2020 Albuquerque JournalWith oil prices plunging to their lowest level in 22 years, state legislators are projecting an imminent budget crisis that’s likely to force the New Mexico Legislature into special session.Sen. John Arthur Smith, chairman of the Legislative Finance Committee, said the state could be facing a $1 billion loss in oil- and gas-related revenue if the crisis continues through this year and into 2021.In a Thursday letter to legislative leaders, Gov. Michelle Lujan Grisham indicated a special session is inevitable but said state officials need to have...…logged_outCopyright © 2020 Albuquerque JournalWith oil prices plunging to their lowest level in 22 years, state legislators are projecting an imminent budget crisis that’s likely to force the New Mexico Legislature into special session.Sen. John Arthur Smith, chairman of the Legislative Finance Committee, said the state could be facing a $1 billion loss in oil- and gas-related revenue if the crisis continues through this year and into 2021.In a Thursday letter to legislative leaders, Gov. Michelle Lujan Grisham indicated a special session is inevitable but said state officials need to have...WW…

logged_outCopyright © 2020 Albuquerque JournalRaytheon Technologies Corp. is shutting down operations at the Sandia Science and Technologies Park in southeast Albuquerque, where the company employs about 200 people.Raytheon’s Albuquerque operations will be transferred to other company facilities outside of New Mexico, company spokesperson Heather Uberuaga told the Journal Tuesday.“After careful and deliberate consideration, Raytheon Technologies has chosen to close the company’s Albuquerque facility and relocate support for key capabilities and customer programs to our other facilities...…logged_outCopyright © 2020 Albuquerque JournalRaytheon Technologies Corp. is shutting down operations at the Sandia Science and Technologies Park in southeast Albuquerque, where the company employs about 200 people.Raytheon’s Albuquerque operations will be transferred to other company facilities outside of New Mexico, company spokesperson Heather Uberuaga told the Journal Tuesday.“After careful and deliberate consideration, Raytheon Technologies has chosen to close the company’s Albuquerque facility and relocate support for key capabilities and customer programs to our other facilities...WW…