Latest Oil and gas industry News

Live updates | Ukraine leader defiant on victory over Russia

May. 27, 2022 19:08 PM EDT

KYIV, Ukraine -- Ukrainian President Volodymyr Zelesnkyy spoke defiantly Friday in two speeches about his country’s ultimate victory over Russian forces in both the most pressing battle in eastern Ukraine and the war, generally. “Ukraine is a country that has destroyed the myth...

Wall Street breaks 7-week losing streak, longest since 2001

May. 27, 2022 16:45 PM EDT

NEW YORK (AP) — Technology companies led a broad rally for stocks Friday as Wall Street notched its best week in 18 months. The gain broke a seven-week losing streak for the market, the longest such stretch since 2001. The S&P 500 rose 2.5% and finished 6.6% higher for the...

Iran seizes 2 Greek tankers in Persian Gulf as tensions rise

May. 27, 2022 14:43 PM EDT

DUBAI, United Arab Emirates (AP) — Iran's paramilitary Revolutionary Guard seized two Greek oil tankers Friday in helicopter-launched raids in the Persian Gulf, officials said. The action appeared to be retaliation for Athens' assistance in the U.S. seizure of crude oil from an Iranian-flagged...

Biden renews sanctions license for Chevron in Venezuela

May. 27, 2022 14:15 PM EDT

MIAMI (AP) — The Biden administration has renewed a license partially exempting Chevron from sanctions on Venezuela so it can keep operating in the oil-rich, socialist-run nation. The license issued Friday by the U.S. Treasury Department allows the California-based Chevron and...

Alaska's largest natural gas utility being sold for $800M

May. 27, 2022 13:40 PM EDT

ANCHORAGE, Alaska (AP) — The owner of the largest natural gas utility in Alaska said it is selling the company to Canada-based TriSummit Utilities Inc. for $800 million. AltaGas Ltd. announced Thursday that the sale includes Anchorage-based ENSTAR Natural Gas, associated pipelines...

Iran's paramilitary Revolutionary Guard says its navy has seized 2 Greek oil tankers in the Persian Gulf

May. 27, 2022 12:34 PM EDT
TEHRAN, Iran (AP) — Iran's paramilitary Revolutionary Guard says its navy has seized 2 Greek oil tankers in the Persian Gulf.

US Navy says it's 'looking into' reports that Iran seized 2 Greek oil tankers after Tehran threatened 'punitive action'

May. 27, 2022 12:11 PM EDT
DUBAI, United Arab Emirates (AP) — US Navy says it's 'looking into' reports that Iran seized 2 Greek oil tankers after Tehran threatened 'punitive action.'

Going green: IndyCar to use renewable fuel beginning in 2023

May. 27, 2022 10:43 AM EDT

INDIANAPOLIS (AP) — IndyCar will become the first North American racing series to use 100% renewable fuel in its race cars. Shell, which recently signed a five-year extension to be the fuel sponsor for the open-wheel series, announced plans Friday to switch to a low-carbon fuel in...

Editorial Roundup: New England

May. 27, 2022 07:13 AM EDT

Bangor Daily News. May 26, 2022. Editorial: An avoidable mistake will cost the University of Maine System, in terms of money and credibility It’s human nature not to want to share bad news. However, it should also be well understood that bad news can’t be hidden...

Iran lodges protest over ship seized in Greek waters

May. 27, 2022 06:29 AM EDT

TEHRAN, Iran (AP) — Iranian state media reported Friday that Tehran has demanded the release of a ship seized by Greek authorities in their waters allegedly under pressure by Washington last month. The foreign ministry summoned the Swiss envoy, who represents the United States in...