Latest Oil and gas industry News

Lawyer who battled Chevron may get chance to defend himself

Nov. 16, 2018 7:22 PM EST

A New York attorney who won a landmark oil pollution judgment against Chevron in Ecuador's court system only to have his law license suspended at home for malpractice never got a fair hearing and should be allowed to defend himself against disbarment, a legal referee has ruled. The decision involves Steven...

US industrial production ticks up 0.1 percent in October

Nov. 16, 2018 12:08 PM EST

WASHINGTON (AP) — U.S. industry expanded slightly in October, with manufacturing growth offsetting declines in mining and utility production. Industrial production ticked up a modest 0.1 percent last month, the Federal Reserve reported Friday. It was the fifth straight monthly gain and left output up 4.1...

Iraq resumes Kirkuk oil exports after yearlong pause

Nov. 16, 2018 12:04 PM EST

BAGHDAD (AP) — Iraq began piping oil from its fields around the disputed city of Kirkuk on Friday, more than a year after exports were halted over troubles with the autonomous Kurdish administration north of the country. The region will export between 50,000 to 100,000 barrels of crude oil per day through...

North Dakota regulators seek to fine TigerSwan up to $2M

Nov. 16, 2018 11:12 AM EST

BISMARCK, N.D. (AP) — North Dakota regulators are seeking up to $2 million in fines from a North Carolina company that handled security for the developer of the heavily protested Dakota Access oil pipeline. The figure is in an Oct. 30 complaint that the Private Investigative and Security Board filed...

US energy official sees 'great promise' in eastern Med

Nov. 16, 2018 10:57 AM EST

NICOSIA, Cyprus (AP) — The United States sees "great promise" in developing energy resources in the eastern Mediterranean, a U.S. state department official said Friday, as ExxonMobil and partner Qatar Petroleum began exploratory drilling off Cyprus' southwestern coast. Francis Fannon, the Assistant...

Pipeline protest charges dismissed against tree sitters

Nov. 16, 2018 8:08 AM EST

ROANOKE, Va. (AP) — Charges have been dropped against a mother and daughter who lived in trees for over a month to save them from being cut down for a natural gas pipeline. The Roanoke Times reports a Virginia judge on Thursday dismissed all charges against 62-year-old Theresa "Red" Terry and 31-year-old...

China woos Pacific islands with loans, showcase projects

Nov. 15, 2018 11:01 PM EST

PORT MORESBY, Papua New Guinea (AP) — As world leaders land in Papua New Guinea for a Pacific Rim summit, the welcome mat is especially big for China's president. A huge sign in the capital, Port Moresby, welcomes Xi Jinping, picturing him gazing beneficently beside Papua New Guinea's leader, and his hotel...

US retail sales rose a solid 0.8 percent last month

Nov. 15, 2018 1:29 PM EST

WASHINGTON (AP) — U.S. retail sales rose at a solid pace in October, though the gains were boosted by one-time factors such as hurricane recovery spending and higher gas prices. Retail sales rose a seasonally adjusted 0.8 percent last month, following two months of slight declines, the Commerce Department...

WWII pilot's remains will join those of his son at Arlington

Nov. 15, 2018 12:48 PM EST

LATROBE, Pa. (AP) — The remains of an Air Force pilot from Pennsylvania whose plane crashed off Croatia during World War II are coming home and will be interred alongside those of his son, a Vietnam War veteran, at Arlington National Cemetery. The remains of Army Air Forces 1st Lt. Eugene P. Ford will be...

Stocks mostly rise but Europe weighed down by Brexit discord

Nov. 15, 2018 7:44 AM EST

BEIJING (AP) — Global stock markets mostly rose Thursday, though European indexes and the pound sagged as discord within the British government threatened a newly agreed Brexit deal. KEEPING SCORE: German's DAX was flat at 11,417 and France's CAC 40 shed 0.3 percent to 5,054. London's FTSE 100 gained 0.1...