Local Business

08/22/2026 · Aroostook County

Oil Prices Decline Following Strait of Hormuz Reopening Progress

Oil prices decreased on Monday after US officials indicated progress in talks to reopen the Strait of Hormuz. Secretary of State Marco Rubio and Treasury Secretary Scott Bessent confirmed the advancements, suggesting a potential resumption of shipments through the vital waterway.

08/21/2026

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Business

BP Reports $5.7 Billion Profit Amid Rising Oil Prices

BP announced a $5.7 billion profit, marking its highest quarterly earnings since 2022. The company attributed the result to elevated crude oil prices. Environmental groups expressed concern regarding the profits.

08/21/2026

Business

Egan-Jones Report Details AI's Influence on Industries and Investment Risk

Egan-Jones released an analysis detailing how artificial intelligence and autonomous technologies reshape industries. The report outlines challenges to existing business models and new considerations for institutional investors and risk management.

08/21/2026

Business

Twenty-Five States Challenge Trump Administration Tariffs in Court

A group of 25 U.S. states has initiated legal action against the Trump administration regarding global tariffs. The federal government imposed these tariffs based on claims that 60 U.S. trading partners have not addressed forced labor practices.

08/21/2026

Business

SK Group and NVIDIA Expand AI Partnership, Including Memory and Data Centers

SK Group and NVIDIA have announced an expanded strategic partnership focusing on artificial intelligence. The initiative includes SK Telecom's AI Factory, with plans for up to 2 gigawatts of power, and SK hynix's role as a long-term AI memory supplier.

08/21/2026

Business

BP Reports $5.7 Billion Profit Amid Rising Oil Prices

08/21/2026

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MaineDOT Announces Upcoming Work on I-95 Bridges over Broadway in Bangor

MaineDOT Announces Upcoming Work on I-95 Bridges over Broadway in Bangor Drivers should plan for delays and detours. BANGOR – October 9, 2026 – From October 16 to October 19, the Maine Department of Transportation will perform work on the I-95 bridges over Broadway at Exit 185 in Bangor as part of the ongoing I-95 bridge replacement project. Crews will complete shoulder reconstruction, milling, paving, and related work on I-95 Southbound necessary to transition traffic from the temporary southbound bridge onto the new, permanent, southbound bridge. The work will proceed in four phases, with lane and ramp availability changing as construction progresses: Phase 1: The southbound high-speed lane will be closed to traffic while crews complete milling and paving at both ends of that lane. The southbound travel lane will remain open across the temporary bridge, and both the southbound on-ramp and off-ramp will remain open. Phase 2: The southbound high-speed lane will be opened to traffic across the new bridge. The southbound travel lane and the Exit 185 southbound off-ramp will be closed while crews complete excavation, milling, and paving at the north end of the travel lane and ramp. Phase 3: The southbound high-speed lane will remain open to traffic across the new bridge, and the southbound travel lane will remain closed. The Exit 185 southbound off-ramp will reopen. The southbound on-ramp may close, if necessary, while crews complete excavation, milling, and paving at the south end of the travel lane and ramp. Phase 4: The southbound travel lane will be opened to traffic across the new bridge. The southbound high-speed lane and off-ramp will remain open, and the southbound on-ramp will be opened. During the Exit 185 southbound off-ramp closure, motorists should use Exit 186 for Stillwater Avenue. Drivers should then follow detour signs directing vehicles down Stillwater Avenue to Broadway. During the Exit 185 southbound on-ramp closure, motorists should follow detour signs directing vehicles down Broadway to Stillwater Avenue to access I-95 at Exit 186. Message boards will be in place alerting drivers of the upcoming closures. MaineDOT appreciates the public’s patience and cooperation as crews complete this important infrastructure improvement.

MaineDOT Invites Public Input on Portland West Study at Upcoming Meetings

MaineDOT Invites Public Input on Portland West Study at Upcoming Meetings 9/10/2026 MaineDOT Invites Public Input on Portland West Study at Upcoming Meetings AUGUSTA – September 10, 2026 — The Maine Department of Transportation (MaineDOT) will host two public engagement opportunities this month as part of the Portland West Study, an initiative focused on addressing longstanding transportation challenges in South Portland, Scarborough, Westbrook, and Gorham. The study brings together local leaders, stakeholders, community members, and transportation partners to examine congestion, safety, and multimodal transportation needs that have affected the region for decades. Public input will be essential in helping shape the study’s direction and identify potential solutions. Community members are encouraged to attend one of the upcoming meetings to learn more about the study, meet the project team, share feedback, identify concerns and priorities, and help guide future analysis. Drop-in Open House Tuesday, September 22, 2026, from 5:00 PM to 7:30 PM Gorham Municipal Center – Shaw Gym 75 South Street, Gorham, Maine 04038 Virtual Public Meeting Thursday, September 24, 2026, at 6:00 PM to 7:30 PM The virtual meeting will begin with a short presentation by the project team, including interactive exercises, and a Q&A session. Please pre-register here

MaineDOT Invites Public Input on Machias Environmental Impact Statement Process

MaineDOT Invites Public Input on Machias Environmental Impact Statement Process MACHIAS – September 22, 2026 — The Maine Department of Transportation (MaineDOT) will host an in-person public hearing this month as part of the Machias Dike Bridge project regarding the Environmental Impact Statement (EIS) process. This will be the first formal public hearing of the National Environmental Policy Act (NEPA) Environmental Impact Statement (EIS) process. The purpose of this hearing is to discuss the purpose and need for the project, alternatives being considered, potential environmental impacts, and for members of the public to ask questions and provide information that should be considered during the EIS process. In-Person Public Hearing Wednesday, September 30, 2026, at 6:00pm Machias Memorial High School Gymnasium 1 Bulldog Lane, Machias, ME 04654 Virtual Public Meeting Presentation An on-demand virtual public meeting presentation will also be available at any time beginning September 23 through October 31, 2026, and will allow the public to submit online comments and questions. More information and access to the online virtual public meeting is available at https://mainedot.info/machias-dike