Latest Oil and gas industry News

Iran Revolutionary Guard shoots down US drone amid tensions

Jun. 20, 2019 3:29 AM EDT

TEHRAN, Iran (AP) — Iran's Revolutionary Guard shot down a U.S. drone on Thursday amid heightened tensions between Tehran and Washington over its collapsing nuclear deal with world powers, American and Iranian officials said, while disputing the circumstances of the incident. The Guard said it shot down...

Climate of guilt: Flying no longer the high road for some

Jun. 20, 2019 3:06 AM EDT

NYKOPING, Sweden (AP) — School's out for summer and Swedish lawyer Pia Bjorstrand, her husband and their two sons are shouldering backpacks, ready to board the first of many trains on a whistle-stop vacation around northern Europe. The family is part of a small but growing movement in Europe and North...

Oil shippers boost security after mysterious attacks in Gulf

Jun. 20, 2019 2:12 AM EDT

DUBAI, United Arab Emirates (AP) — A series of attacks on oil tankers near the Persian Gulf has ratcheted up tensions between the U.S. and Iran — and raised fears over the safety of one of Asia's most vital energy trade routes, where about a fifth of the world's oil passes through its narrowest at...

PG&E says it's fixed many major safety risks on lines, poles

Jun. 19, 2019 8:57 PM EDT

SACRAMENTO, Calif. (AP) — Pacific Gas & Electric Corp. officials said Wednesday its workers discovered more than 1,000 high-priority safety risks on its transmission lines and distribution poles over several months of inspections and almost all of them have been fixed. Some of the transmission line...

US Navy: Mine in tanker attack bears Iran hallmarks

Jun. 19, 2019 3:10 PM EDT

U.S. NAVY 5TH FLEET BASE NEAR FUJAIRAH, United Arab Emirates (AP) — The limpet mines used to attack a Japanese-owned oil tanker near the Strait of Hormuz last week bore "a striking resemblance" to similar mines seen in Iran, a U.S. Navy explosives expert said Wednesday, stopping short of directly blaming...

The Latest: 2 rockets land on oil company sites in Iraq

Jun. 19, 2019 2:32 PM EDT

BAGHDAD (AP) — The Latest on developments in the Persian Gulf region amid rising tensions between Iran and the U.S. (all times local): 6:45 p.m. Iraqi officials say two rockets have landed on oil company sites in Iraq's southern Basra province, one landing near the facilities of a Turkish company just...

2 big US coal companies combine Wyoming, Colorado operations

Jun. 19, 2019 1:26 PM EDT

Two of the world's largest coal producers have announced they will combine mining operations in Wyoming and Colorado in an attempt to improve their competitiveness against natural gas and renewable energy sources. Arch Coal and Peabody Energy are based in St. Louis and announced the joint venture on Wednesday. It...

US Navy explosives expert: Investigators have recovered fingerprints, hand print from attacked Japanese-owned oil tanker

Jun. 19, 2019 7:05 AM EDT
US NAVY 5th FLEET BASE NEAR FUJAIRAH, United Arab Emirates (AP) — US Navy explosives expert: Investigators have recovered fingerprints, hand print from attacked Japanese-owned oil tanker.

US Navy expert: Damage to Japanese-owned oil tanker 'not consistent with an external flying object hitting the ship'

Jun. 19, 2019 7:03 AM EDT
US NAVY 5th FLEET BASE NEAR FUJAIRAH, United Arab Emirates (AP) — US Navy expert: Damage to Japanese-owned oil tanker 'not consistent with an external flying object hitting the ship'

US Navy expert: Limpet mine used in attack on Japanese-owned oil tanker 'bears a striking resemblance' to Iranian mines

Jun. 19, 2019 7:02 AM EDT
US NAVY 5th FLEET BASE NEAR FUJAIRAH, United Arab Emirates (AP) — US Navy expert: Limpet mine used in attack on Japanese-owned oil tanker 'bears a striking resemblance' to Iranian mines.