Latest Oil and gas industry News

Bribery trial tests US cases against Venezuela kleptocrats

Nov. 29, 2022 14:53 PM EST

FORT LAUDERDALE, Fla. (AP) — For years, as the U.S. has ramped up pressure on Venezuela’s socialist government, dozens of allegedly corrupt insiders have raced through the U.S. criminal justice system, cutting plea bargains to avoid lengthy prison sentences and sparing prosecutors the work of...

Qatar to supply liquefied natural gas to Germany from 2026

Nov. 29, 2022 14:08 PM EST

DOHA, Qatar (AP) — Qatar is to supply liquefied natural gas to Germany under a 15-year deal signed Tuesday as the European economic powerhouse scrambles to replace Russian gas supplies that have been cut during the ongoing war in Ukraine. Officials gave no dollar value for the...

US stocks edge lower in unsteady trading, oil prices rise

Nov. 29, 2022 13:53 PM EST

Stocks edged lower on Wall Street in unsteady trading Tuesday afternoon as investors closely watch developments in China and economic data amid worries about stubbornly hot inflation. The S&P 500 fell 0.3% as of 1:48 p.m. Eastern, on pace for its third straight drop. The Dow...

Judge orders Enbridge, tribe to form emergency pipeline plan

Nov. 29, 2022 11:55 AM EST

MADISON, Wis. (AP) — A federal judge has ordered energy company Enbridge Inc. and an American Indian tribe to come up with an emergency plan to prevent potential spills from an aging oil pipeline running across the tribe's reservation. The Bad River Band of Lake Superior Chippewa...

Nigerian stowaways found on ship's rudder in Canary Islands

Nov. 29, 2022 10:16 AM EST

BARCELONA, Spain (AP) — Three stowaways were found on a ship's rudder in the Canary Islands after an 11-day ocean voyage from Nigeria, Spain’s maritime rescue service said. The men found on the Alithini II oil tanker at the Las Palmas port on Monday afternoon appeared to have...

Trial starts in Norway for Putin ally's son who flew drone

Nov. 29, 2022 08:43 AM EST

COPENHAGEN, Denmark (AP) — The son of a Russian businessman close to President Vladimir Putin denied any wrongdoing Tuesday at the start of his trial in northern Norway, where he is accused of violating a law that bars Russians from flying drones. Andrey Yakunin who holds both a...

South Korea orders striking cement truckers back to work

Nov. 28, 2022 23:42 PM EST

SEOUL, South Korea (AP) — South Korea’s government issued an order Tuesday for some of the thousands of truck drivers who have been on strike to return to work, insisting that their nationwide walkout over freight fare issues is hurting an already weak economy. Despite facing...

Asian shares rise except Japan as markets eye China protests

Nov. 28, 2022 21:22 PM EST

TOKYO (AP) — Asian shares were mostly higher Tuesday as market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions. Benchmarks rose in early trading in Australia, South Korea and China, while shares fell in Japan. Oil prices fell. ...

US rule would limit methane leaks from public lands drilling

Nov. 28, 2022 19:00 PM EST

WASHINGTON (AP) — The Interior Department on Monday proposed rules to limit methane leaks from oil and gas drilling on public lands, the latest action by the Biden administration to crack down on emissions of methane, a potent greenhouse gas that contributes significantly to global warming. ...

Russian energy giant says no further gas cuts to Moldova

Nov. 28, 2022 07:16 AM EST

BUCHAREST, Romania (AP) — Russian energy giant Gazprom announced Monday that it will not further reduce natural gas to Moldova as it had threatened to do after claiming that bills went unpaid and that flows crossing through Ukraine were not making it to Moldova. Gazprom tweeted...