Latest Oil and gas industry News

Average US price of gas rises 2 cents per gallon to $3.13

Jun. 13, 2021 16:04 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline rose 2 cents to $3.13 per gallon over the past three weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that crude oil prices rose more during the same period but these...

Biden urges G-7 leaders to call out and compete with China

Jun. 12, 2021 21:30 PM EDT

CARBIS BAY, England (AP) — Leaders of the world's largest economies unveiled an infrastructure plan Saturday for the developing world to compete with China’s global initiatives, but they were searching for a consensus on how to forcefully to call out Beijing over human rights abuses. ...

New Mexico rules could lead to big changes in oil industry

Jun. 12, 2021 10:33 AM EDT

HOBBS, N.M. (AP) — So how does New Mexico’s new regulations on methane emission reduction affect Lea County? Energy experts and elected officials tell the Hobbs News-Sun the damage could be drastic. The state Oil Conservation Division issued new...

Gas prices rise across nation, tick up in New Jersey

Jun. 12, 2021 09:47 AM EDT

TRENTON, N.J. (AP) — Gas prices rose across the nation as a whole and also ticked up in New Jersey last week. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.06, up a penny from a week ago. Drivers were paying an average...

Sri Lanka seeks initial $40M from stricken ship's operator

Jun. 12, 2021 07:05 AM EDT

COLOMBO, Sri Lanka (AP) — Sri Lanka is seeking an interim claim of $40 million from the operator of a fire-ravaged cargo ship to cover part of the cost of fighting the blaze, officials said Saturday. Sri Lanka's attorney general has sent the claim to lawyers...

AP Interview: Iraq oil minister says gas sector a priority

Jun. 11, 2021 23:26 PM EDT

BAGHDAD (AP) — Iraq’s oil sector is rebounding after a catastrophic year triggered by the coronavirus pandemic, with key investment projects on the horizon, Iraq's oil minister said Friday. But he also warned that an enduring bureaucratic culture of fear threatens to stand in the way. ...

Dakota Access foes seek environmental review updates from US

Jun. 11, 2021 19:02 PM EDT

BISMARCK, N.D. (AP) — Dakota Access oil pipeline opponents asked a judge Friday to require the pipeline company and the U.S. Army Corps of Engineers to provide detailed monthly status reports while the federal government conducts an extensive environmental review of the project. ...

US will revisit Trump-era decision for Alaska rainforest

Jun. 11, 2021 18:22 PM EDT

JUNEAU, Alaska (AP) — The federal government announced plans Friday to “repeal or replace” a decision by the Trump administration last fall to lift restrictions on logging and road building in a southeast Alaska rainforest that provides habitat for wolves, bears and salmon. ...

Judge tosses suit seeking end to Delaware River drilling ban

Jun. 11, 2021 17:12 PM EDT

PHILADELPHIA (AP) — A federal judge on Friday threw out a lawsuit by Republican state lawmakers in Pennsylvania that sought to overturn a ban on gas drilling and hydraulic fracturing in the Delaware River basin, ruling they lacked standing to sue. Senate Republicans led...

Company drops plan for $2.3B methanol plant in Washington

Jun. 11, 2021 16:46 PM EDT

SEATTLE (AP) — A company backed by the Chinese government on Friday ended its seven-year effort to build one of the world’s largest methanol plants along the Columbia River in southwestern Washington, following a series of regulatory setbacks and a long debate over its environmental...