Latest Oil and gas industry News
India invites investors to help develop manufacturing hub
NEW DELHI (AP) — India’s prime minister on Thursday invited foreign investors to take advantage of the country’s $26 billion incentive-linked program and help the country become a manufacturing hub. India will need an investment of $ 4.5 trillion by 2040 to develop its vast infrastructure,...
Investors see green returns as renewable energy rises
The future looks bright for solar and other renewable energy technology. FirstSolar, Enphase and SunPower are among the renewable energy stocks that are benefiting from a much friendlier administration in the White House, whose agenda includes tackling climate change and bolstering green energy. Their stocks...
Biden: 'We can't wait any longer' to address climate crisis
WASHINGTON (AP) — In the most ambitious U.S. effort to stave off the worst of climate change, President Joe Biden signed executive orders to transform the nation’s heavily fossil-fuel powered economy into a clean-burning one, pausing oil and gas leasing on federal land and targeting subsidies for...
Biden: 'We can't wait any longer' to address climate crisis
WASHINGTON (AP) — In the most ambitious U.S. effort to stave off the worst of climate change, President Joe Biden signed executive orders Wednesday to transform the nation’s heavily fossil-fuel powered economy into a clean-burning one, pausing oil and gas leasing on federal land and targeting...
New Mexico senators, advocates back Biden oil and gas plans
ALBUQUERQUE, N.M. (AP) — Local officials and residents in New Mexico’s oil patches are anxious as the Biden administration takes aim at the oil and natural gas industry with a series of new executive orders. But the state’s two U.S. senators are supporting the actions, saying it’s time...
China asks Indonesia to treat detained sailors fairly
BEIJING (AP) — China's government called on Indonesia on Wednesday to treat a group of detained Chinese sailors fairly but gave no indication what their oil tanker was doing when it was found at sea transferring fuel from an Iranian ship. The Iranian-flagged MT Horse and Panamanian-flagged MT Freya were...
Kerry aims to talk US back into a lead role in climate fight
From a wood-paneled library in his Boston mansion, new climate envoy John Kerry is talking the U.S. back into a leading role in global climate action, making clear the nation isn't just revving up its own efforts to reduce oil, gas and coal pollution but that it intends to push everyone in the world to do more,...
AP sources: Biden to pause oil and gas sales on public lands
WASHINGTON (AP) — President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands and waters, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change. Two people with knowledge of...
Indonesia detains Iranian, Chinese crews of seized tankers
JAKARTA, Indonesia (AP) — Indonesian authorities have detained the Iranian and Chinese crewmembers of two tankers that were seized for illegally transferring oil in Indonesian waters, an official said Tuesday. “The Iranian-flagged MT Horse and Panamanian-flagged MT Freya are on the way to Batam...
Kerry aims to talk US back into a lead role in climate fight
From a wood-paneled library in his Boston mansion, new climate envoy John Kerry is talking the U.S. back into a leading role in global climate action, making clear the nation isn't just revving up its own efforts to reduce oil, gas and coal pollution but that it intends to push everyone in the world to do more,...
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