Latest Oil and gas industry News

Iran internet slowly revives; US sanctions telecom minister

Nov. 22, 2019 11:07 AM EST

DUBAI, United Arab Emirates (AP) — The internet slowly trickled back on in Iran on Friday after a dayslong shutdown by authorities amid protests and unrest that followed government-set gasoline prices sharply rising, as the U.S. sanctioned the country’s prominent telecommunications minister over the...

Ukraine: Troubled, unwitting star of Trump impeachment drama

Nov. 22, 2019 10:08 AM EST

KYIV, Ukraine (AP) — Ukraine seems destined to be tangled up in other people’s problems. With four EU countries on one side and Russia on the other, this Texas-sized nation has been trapped in a tug-of-war between the Kremlin and the U.S.-led West ever since the 1991 collapse of the Soviet Union led...

Pennsylvania to fund research into fracking health dangers

Nov. 22, 2019 9:19 AM EST

Pennsylvania Gov. Tom Wolf said Friday his administration will spend $3 million on a pair of studies to explore the potential health effects of the natural gas industry, taking action after months of impassioned pleas by the families of pediatric cancer patients who live in the most heavily drilled region of the...

ConocoPhillips seeking sales of Alaska assets

Nov. 22, 2019 9:12 AM EST

ANCHORAGE, Alaska (AP) — ConocoPhillips hopes to sell parts of its Alaska projects to offset risks and share the expenses of investments planned in the state, company officials said. The sale package includes old, new and unbuilt projects representing most of Conoco’s Alaska holdings,...

World shares advance on upbeat comments on US-China trade

Nov. 22, 2019 6:27 AM EST

BEIJING (AP) — World stocks rose Friday as upbeat comments by Chinese President Xi Jinping helped quell anxiety over the state of trade talks with the U.S. Britain’s FTSE 100 rose 1% to 7,311, while the CAC 40 in France gained 0.3% to 5,897. Germany’s DAX picked up 0.1% to 13,146. Wall Street...

Asian shares mostly higher despite US-China trade anxiety

Nov. 21, 2019 11:22 PM EST

BEIJING (AP) — Stocks logged modest gains Friday in Asia after a lackluster overnight session on Wall Street ended with the market’s third straight drop. Reports suggesting Chinese Vice Premier Liu He, Beijing’s lead trade negotiator, has invited U.S. officials to China for talks helped...

US agency to consider expanded drilling in Alaska reserve

Nov. 21, 2019 6:20 PM EST

ANCHORAGE, Alaska (AP) — The Trump administration will consider a new management plan and expanded oil drilling for the National Petroleum Reserve-Alaska, an Indiana-size area that former Interior Secretary Ken Salazar characterized as an “iconic place on our Earth.” The Bureau of Land...

Iran net outage first to effectively isolate a whole nation

Nov. 21, 2019 5:21 PM EST

Internet connectivity is trickling back in Iran after the government shut down access to the rest of the world for more than four days in response to unrest apparently triggered by a gasoline price hike. The shutdown across a nation of 80 million people was the first to effectively isolate a modern, highly...

Enbridge completes rock sampling for Michigan tunnel project

Nov. 21, 2019 12:26 PM EST

TRAVERSE CITY, Mich. (AP) — Enbridge says it has completed sediment and rock sampling in preparation for building a Michigan oil pipeline tunnel that some state leaders and environmentalists hope to block. The Canadian company said Thursday its crews took core samples from 27 locations in the Straits of...

Global shares drop on renewed US-China trade worries

Nov. 21, 2019 6:40 AM EST

BEIJING (AP) — World shares dropped Thursday as anxiety mounted over the possibility the U.S. and China may not reach a trade deal before next year. China’s Commerce Ministry batted away rumors that the talks were in trouble with a spokesman saying Beijing was committed to continuing discussions on...