Latest Oil and gas industry News

New Mexico hearing begins for next round of oil, gas rules

Sep. 20, 2021 19:05 PM EDT

ALBUQUERQUE, N.M. (AP) — New Mexico is now the nation’s second largest oil producing state, and environmental officials say more needs to be done to rein in pollution from the industry. They are proposing another set of rules as part of Gov. Michelle Lujan Grisham's...

Latest bout over North Dakota royalties goes to oil industry

Sep. 20, 2021 16:40 PM EDT

FARGO, N.D. (AP) — The latest bout of legal wrangling over the collection of North Dakota oil and gas royalties has been won by the energy industry, over a bill it promoted and was passed by the 2021 state Legislature. A state judge on Thursday ruled in favor of the...

Rome court rejects Venezuela extradition bid for ex-oil czar

Sep. 20, 2021 15:46 PM EDT

ROME (AP) — A Rome court has rejected a request by Venezuela to extradite its former oil czar to face corruption charges, citing the country’s record in violating human rights, his Italian lawyer said Monday. Rafael Ramirez, the longtime head of Venezuela’s PDVSA...

UK gov't says lights will stay on despite energy price surge

Sep. 20, 2021 12:35 PM EDT

LONDON (AP) — Britain's business secretary said on Monday that there is no danger that people won't be able to heat their homes this winter after a surge in natural gas prices forced him to hold emergency talks with energy suppliers and consumer groups. Kwasi Kwarteng...

HP, Procter & Gamble join companies pledge to cut emissions

Sep. 20, 2021 08:32 AM EDT

BERLIN (AP) — Computer-maker HP, consumer goods business Procter & Gamble and coffee capsule company Nespresso have joined a corporate pledge to sharply cut their greenhouse gas emissions over nearly two decades. The Climate Pledge, a grouping of companies and...

Hong Kong shares lead Asia lower; Tokyo and Shanghai closed

Sep. 19, 2021 23:33 PM EDT

Shares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo and Shanghai closed. Other regional benchmarks also fell after Wall Street wrapped up last week with another decline. Investors are...

Louisiana releases rehabbed oiled birds found after Ida

Sep. 19, 2021 10:19 AM EDT

BATON ROUGE, La. (AP) — Two birds captured after they were found oiled at a Louisiana refinery following Hurricane Ida have been rehabilitated and released back into the wild, state wildlife officials said. The birds were released Thursday at the Bayou Teche National...

North Dakota oil production slips to No. 3 behind New Mexico

Sep. 18, 2021 12:39 PM EDT

North Dakota regulators say the state has officially lost its status as the nation’s second-biggest oil producer to New Mexico. North Dakota produced just over 1 million barrels of oil per day in July, the most recent month for which data is available from the state Oil...

Gas prices tick up in NJ, increase around nation at large

Sep. 18, 2021 11:09 AM EDT

TRENTON, N.J. (AP) — Gas prices ticked up again in New Jersey and also increased around the nation as a whole as Gulf Coast refineries remain shuttered following recent storms. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday...

Blackfeet continue work to defend Badger-Two Medicine

Sep. 18, 2021 08:13 AM EDT

Heart Butte, Mont. (AP) — The fight to protect the Badger-Two Medicine defends not so much a place as a way of living. On a map, this jumble of mountains, rivers, hunting grounds and petroleum deposits is surrounded by the Blackfeet Indian Reservation, Glacier National...