Latest Oil and gas industry News
Dakota pipeline still moving oil despite shutdown order
BISMARCK, N.D. (AP) — The owner of the Dakota Access Pipeline continued to fill it with North Dakota crude oil on Wednesday and said it has no immediate plans to shut down the line, despite a federal judge’s order that it be stopped within 30 days for additional environmental review. Pipeline owner...
Wall Street's rally gets back on track as tech leads the way
NEW YORK (AP) — Wall Street’s rally got back on track Wednesday after more gains for big technology stocks helped pull the S&P 500 to its sixth gain in seven days. The S&P 500 drifted up and down for most of the day, before a last-hour lift sent it to a gain of 0.8%. Treasury yields and oil...
Biogen, AMC Entertainment rise; Levi Strauss, Ascena fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: National General Holdings Corp., up $13.43 to $33.84. Allstate is buying the insurance company for $4 billion in cash. Intersect ENT Inc., up $4.09 to $17.98. Medtronic is interested in buying the drug delivery technology...
EU bets on clean hydrogen to decarbonize and boost economy
The executive branch of the European Union unveiled plans Wednesday to boost the production of clean hydrogen as part of its goal to achieve climate neutrality by 2050 amid criticism from environmental activists and Green lawmakers pushing for a total exclusion of hydrogen produced from fossil fuels. The...
Malaysian palm oil giant hit with forced labor allegations
MINNEAPOLIS (AP) — An anti-trafficking organization has filed a petition to ban the importation of palm oil produced by one of the world’s largest suppliers, saying it found evidence of child and forced labor on plantations that supply American food and cosmetics companies. The petition against...
Judge rejects Dakota Access request for emergency order
FARGO, N.D. (AP) — A federal judge on Tuesday rejected a request for an emergency order to delay the process of shutting down the Dakota Access pipeline while attorneys appeal a ruling to shutter the pipeline during the course of an environmental review. Pipeline attorneys filed the motion — along...
Asian shares mixed as pandemic saps buying momentum
TOKYO (AP) — Shares were mixed in Asia on Wednesday as uncertainty over the pandemic sapped the buying enthusiasm that has been driving prices higher. The selling followed a deeper pullback on Wall Street and in France, Germany and elsewhere after the European Union’s executive arm said this...
The Latest: New Zealand to charge patient who went shopping
WELLINGTON, New Zealand — New Zealand authorities say they will press charges against a coronavirus patient who escaped quarantine in Auckland and went shopping at a supermarket. Air Commodore Darryn Webb, the head of managed isolation and quarantine, said the 32-year-old man escaped through a fence at...
Opponents: Pipeline's defeat 'a testament to perseverance'
RICHMOND, Va. (AP) — Richard Averitt and his wife have spent six years and more than six figures fighting to keep the Atlantic Coast Pipeline off their picturesque central Virginia property. In all that time, Averitt said he couldn't recall meeting a single person who thought they would succeed. The...
Cyprus: EU partners aim to rein in Turkey's 'expansionism'
NICOSIA, Cyprus (AP) — Cyprus and its European Union partners are working to rein in Turkey’s “expansionist policy” in the eastern Mediterranean amid heightened tensions over an offshore search for hydrocarbons, the island nation's president said Tuesday. President Nicos Anastasiades...
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