Latest Oil and gas industry News

IEA: High prices, uncertainty will slow growth in gas demand

Jul. 05, 2022 03:13 AM EDT

BERLIN (AP) — The International Energy Agency says high prices for natural gas and supply fears due to the war in Ukraine will slow the growth in demand for the fossil fuel in the coming years. In a report published Tuesday, the Paris-based agency forecast global demand for natural...

Report: East Africa pipeline 'breaches banking principles'

Jul. 05, 2022 02:12 AM EDT

A controversial oil project that would connect oilfields in a Ugandan National Park to a port in Tanzania breaches global environmental guidelines for banks, according to a new nonprofit report Tuesday. The 897-mile (1443-kilometer) East Africa Crude Oil Pipeline (EACOP), planned by...

Newsom's opponent: I'm reasonable, not a 'crazy Republican'

Jul. 05, 2022 00:11 AM EDT

SACRAMENTO, Calif. (AP) — Brian Dahle, the Republican Party’s longshot hope to unseat Gov. Gavin Newsom in California, knows that to win in his progressive home state he can’t allow Democrats to label him as an election denying, abortion-hating, gun-loving, bombastic right-winger. ...

Editorial Roundup: Nebraska

Jul. 04, 2022 07:16 AM EDT

Omaha World-Herald. July 3, 2022. Editorial: Religious freedom includes keeping government out of religious matters It’s right there in the first words of the First Amendment to the U.S. Constitution: “Congress shall make no law respecting an...

World shares mostly higher ahead of July 4 holiday in US

Jul. 04, 2022 05:34 AM EDT

BANGKOK (AP) — World shares are mostly higher while U.S. futures fell ahead of the July 4 holiday in the U.S. Benchmarks rose in London, Paris, Frankfurt and Tokyo but fell in Hong Kong and Seoul. Last week was the fourth losing week in the last five for Wall Street as investors...

With no fuel and no cash, Sri Lanka keeps schools closed

Jul. 03, 2022 20:32 PM EDT

COLOMBO, Sri Lanka (AP) — Cash-strapped Sri Lanka on Sunday extended school closures for one week because there isn't enough fuel for teachers and parents to get children to classrooms, and the energy minister appealed to the country's expatriates to send money home through banks to finance new...

Regulator urges Germans to prepare for possible gas shortage

Jul. 02, 2022 15:35 PM EDT

BERLIN (AP) — Fearing Russia might cut off natural gas supplies, the head of Germany's regulatory agency for energy called on residents Saturday to save energy and to prepare for winter, when use increases. Federal Network Agency President Klaus Mueller urged house and apartment...

US testing new fire retardant, critics push other methods

Jul. 02, 2022 12:32 PM EDT

BOISE, Idaho (AP) — U.S. officials are testing a new wildfire retardant after two decades of buying millions of gallons annually from one supplier, but watchdogs say the expensive strategy is overly fixated on aerial attacks at the expense of hiring more fire-line digging ground crews. ...

Gas prices continue to fall in NJ, around nation at large

Jul. 02, 2022 09:37 AM EDT

TRENTON, N.J. (AP) — Gas prices continued to fall in New Jersey and around the nation amid lower crude oil prices and an increase in total domestic gasoline stocks. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $4.85, down nine cents...

Biden offshore drilling proposal would allow up to 11 sales

Jul. 01, 2022 22:12 PM EDT

NEW ORLEANS (AP) — President Joe Biden's administration on Friday proposed up to 10 oil and gas lease sales in the Gulf of Mexico and one off the Alaska coast over the next five years — going against the Democrat's climate promises but scaling back a Trump-era plan that called for dozens of...