Latest Oil and gas industry News

Miners' union backs shift from coal in exchange for jobs

Apr. 19, 2021 18:32 PM EDT

WASHINGTON (AP) — The nation's largest coal miners' union said Monday it would accept President Joe Biden's plan to move away from coal and other fossil fuels in exchange for a “true energy transition" that includes thousands of jobs in renewable energy and spending on technology to make...

Biden feels heat on emissions goal as climate summit nears

Apr. 19, 2021 18:09 PM EDT

WASHINGTON (AP) — As President Joe Biden convenes a virtual climate summit on Thursday with 40 world leaders, he faces a vexing task: how to put forward a nonbinding but symbolic goal to reduce greenhouse gas emissions that will have a tangible impact on climate change efforts not only in...

Coast Guard: Search for missing crew to be suspended

Apr. 19, 2021 16:19 PM EDT

CUT OFF, La. (AP) — The U.S. Coast Guard said it will suspend the search for crew members who disappeared when a lift boat capsized off Louisiana last week at sunset Monday, and authorities do not expect to find more survivors from the vessel. The grim news from Capt....

Gas prices remain in high $2 range in northern New England

Apr. 19, 2021 11:54 AM EDT

PORTLAND, Maine (AP) — Gas prices have stayed about the same in all three northern New England states over the past week. A GasBuddy survey of more than 1,200 stations in Maine found that gas prices were 4.2 cents per gallon lower than a month ago, but unchanged from...

Search for 9 missing from capsized boat in Gulf on 6th day

Apr. 18, 2021 19:27 PM EDT

PORT FOURCHON, La. (AP) — For a sixth day, rescue crews returned Sunday to a capsized lift boat in the Gulf of Mexico off Louisiana, looking for nine crew members who have not been found, the Coast Guard said. Officials have released little information about their...

Size of pipeline spill again underestimated in N. Carolina

Apr. 18, 2021 17:24 PM EDT

HUNTERSVILLE, N.C. (AP) — An energy company has again underestimated the amount of gasoline that spilled from a crack in a pipeline running through a North Carolina nature preserve. The Colonial Pipeline Company issued a statement Friday saying it likely underestimated...

Gas prices fall more in NJ, remain steady in nation at large

Apr. 17, 2021 11:46 AM EDT

TRENTON, N.J. (AP) — Gas prices fell further in New Jersey but remained steady around the nation at large as an increase in total domestic gasoline stocks helped stem an increase in demand. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey...

New Kansas law to make it a crime to trespass at pipelines

Apr. 17, 2021 10:36 AM EDT

TOPEKA, Kan. (AP) — A bill signed into law by Kansas Democratic Gov. Laura Kelly will make it a misdemeanor to trespass near oil and gas pipelines. The bill Kelly signed last week gained bipartisan support in the state Senate, but drew criticism from some House...

Coast Guard: 2 more capsize victims recovered off Louisiana

Apr. 16, 2021 22:45 PM EDT

PORT FOURCHON, La. (AP) — Divers searching the site of a capsized lift boat off Louisiana recovered two more unresponsive crewmembers late Friday, the Coast Guard said after another day of frantic waiting by family members worried for the fate of those who went missing earlier this week. ...

PPG, Alcoa rise; Bank of New York, Marathon Oil fall

Apr. 16, 2021 16:18 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Alcoa Corp., up $2.79 to $35.63. The aluminum maker handily beat analyst's first-quarter profit forecasts on stronger demand and pricing. Matson...