Latest Oil and gas industry News
Venezuela's apparent respite from COVID-19 may not last long
CARACAS, Venezuela (AP) — Defying dire predictions, Venezuela so far seems to have avoided the coronavirus wave striking much of South America. But experts warn that while the virus may have been slow to spread here, due in large part to Venezuela’s isolation, the number of daily illnesses could...
New Mexico Gas Company building pipeline to Santa Fe
SANTA FE, N.M. (AP) — Construction started this month on a new $60 million gas pipeline that officials say will provide northern New Mexico with more natural gas. The 35-mile (56.3-kilometer) pipeline from Bernalillo to Santa Fe is expected to come online in December and increase supply for northern...
Asia stocks mixed on uncertainty over Hong Kong security law
Major Asian stock markets were mixed Wednesday as U.S.-Chinese tension over Hong Kong competed with optimism about recovery from the coronavirus pandemic. Benchmarks in Shanghai and Hong Kong retreated after the White House said a proposed national security law might jeopardize the Chinese territory's status as a...
Citgo sues Miami firm over millions lost in Venezuela fraud
MIAMI (AP) — When the U.S. recognized Venezuelan opposition leader Juan Guaidó as the nation's rightful leader last year it did more than just trigger a bitter feud with socialist leader Nicolás Maduro. Increasingly, it's also unleashing a torrent of lawsuits. The latest came Tuesday, when the...
Big Oil loses appeal, climate suits go to California courts
LOS ANGELES (AP) — Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected arguments by energy companies and ruled state courts are the proper forum...
Enbridge finds protective coating gaps on Michigan pipeline
Traverse City, Mich. (AP) — Enbridge said Tuesday it had discovered four spots on an oil pipeline in Michigan's Straits of Mackinac where protective coating has worn away, leaving bare metal exposed. The Canadian company said crews noticed the spots this month while installing screw anchors to secure...
Judge strikes down US energy leasing rules in bird habitat
BILLINGS, Mont. (AP) — A U.S. judge has dealt another blow to the Trump administration's efforts to increase domestic oil and gas output from public lands, saying officials failed to protect habitat for a declining bird species when it issued energy leases on hundreds of square miles. Judge Brian Morris...
Average price of gas in Massachusetts drops 2 cents
BOSTON (AP) — The average cost of a gallon of gasoline in Massachusetts has risen 2 cents in the past week, AAA Northeast reported Tuesday. Self-serve, regular is now selling for an average of $1.94 per gallon, which is 2 cents lower than the national average and 84 cents lower than the Bay State price one...
Rhode Island gas prices remain unchanged
PROVIDENCE, R.I. (AP) — Gas prices in Rhode Island remain unchanged from a week ago, AAA Northeast reported Tuesday. A gallon of self-serve, regular is still selling for an average of $1.96 per gallon. Rhode Island’s price is the same as the national average, but 88 cents lower than the in-state,...
Report: Up to $1.5 billion Wyoming revenue hit amid COVID-19
CASPER, Wyo. (AP) — Collapsing energy prices and the COVID-19 pandemic are expected to cost Wyoming up to $1.5 billion in revenue over the next two years, preliminary estimates released Tuesday show. The nonpartisan state Consensus Revenue Estimating Group predicts sales tax revenue will fall up to 30% in...
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