Latest Oil and gas industry News

Police: 1 missing after warehouse explosion shakes Houston

Jan. 24, 2020 10:07 AM EST

HOUSTON (AP) — A massive explosion early Friday leveled a warehouse in Houston and damaged nearby buildings and homes, rousing frightened people from their sleep miles away and leaving one worker missing. The explosion happened about 4:30 a.m. inside a building at Watson Grinding and Manufacturing, which...

Norway's crude oil tanker Breiviken is escorted to the Klaipeda oil terminal in Klaipeda, Lithuania, Thursday, Jan. 23, 2020. Belarus started importing oil from Norway Tuesday after its main oil provider Russia suspended supplies earlier this month amid stalled talk on further strengthening economic ties between two countries. (AP Photo/Vita Jureviciene)

Belarus' leader blasts Russia for pushing merger of 2 states

Jan. 24, 2020 8:44 AM EST

KYIV, Ukraine (AP) — The president of Belarus on Friday accused Moscow of pressuring his country to merge with Russia and vowed not to let it happen. Talking to workers of a paper plant in eastern Belarus, Alexander Lukashenko lambasted Russia, the country's main provider of cheap oil and gas, for halting...

People stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Jan. 24, 2020. Shares are mostly higher in quiet trading as China closes down for its week-long Lunar New Year festival. (AP Photo/Eugene Hoshiko)

Asian markets gain as China closes down for Lunar New Year

Jan. 24, 2020 12:08 AM EST

BANGKOK (AP) — Shares were mostly higher in quiet trading on Friday in Asia as China began a week-long Lunar New Year festival that is being overshadowed by the outbreak of a new virus that has killed 25 people and sickened more than 800. Japan's Nikkei 225 index rose less than 0.1% to 23,811.54 and in...

North Dakota signals no new conditions on pipeline expansion

Jan. 23, 2020 2:10 PM EST

BISMARCK, N.D. (AP) — North Dakota regulators signaled Thursday that the state would not impose conditions beyond those required by the federal government on a proposal to double the capacity of the Dakota Access Pipeline. Zachary Pelham, an attorney for the three-member, all-Republican North Dakota Public...

In this March 5, 2015 photo, Isabel dos Santos, reputedly Africa's richest woman, attends the opening of an art exhibition featuring works from the collection of her husband and art collector Sindika Dokolo in Porto, Portugal. On Monday, Jan. 6, 2020, Angola's foreign minister Manuel Augusto said that there is no political motivation behind the government's demand for more than $1 billion from dos Santos, her husband and a Portuguese business partner. Isabel dos Santos is a daughter of Jose Eduardo dos Santos, who ruled the oil- and diamond-rich nation for 38 years until 2017. (AP Photo/Paulo Duarte)

Portugal police: Banker in Angola scandal hangs himself

Jan. 23, 2020 10:50 AM EST

LISBON, Portugal (AP) — A Portuguese banker named in a major Angolan money-laundering and corruption scandal has died in an apparent suicide at his home, police said Thursday. Nuno Ribeiro da Cunha, named as a suspect by Angolan authorities in an investigation targeting the billionaire daughter of...

FILE - In this Thursday, June 20, 2019 file photo, a Turkish police officer patrols the dock, backdropped by the drilling ship 'Yavuz' to be dispatched to the Mediterranean, at the port of Dilovasi, outside Istanbul.  The leaders of Greece, Israel and Cyprus are set to sign a deal Thursday Jan. 2, 2020, for a 1,900-kilometer (1,300-mile) undersea pipeline that will carry gas from new offshore deposits in the southeastern Mediterranean to continental Europe. (AP Photo/Lefteris Pitarakis, File)

Cyprus backtracks on claim Turkey stole offshore gas data

Jan. 23, 2020 8:15 AM EST

NICOSIA, Cyprus (AP) — Cyprus' government spokesman backpedaled Thursday on a claim that Turkey may have stolen technical data to pinpoint a target for gas drilling in waters where the island nation has exclusive economic rights. Government spokesman Kyriakos Koushos told The Associated Press that no such...

Appeals court upholds Norway licenses for Arctic drilling

Jan. 23, 2020 6:27 AM EST

COPENHAGEN, Denmark (AP) — An appeals court ruled Thursday that the Norwegian government can hand out oil drilling licenses in the Arctic, dealing a second blow to environmental groups that had sued against further drilling in the Barents Sea. The court upheld a ruling that acquitted the government of...

FILE - In this Nov. 6, 2015 file photo, TC Energy's Keystone pipeline facility is seen in Hardisty, Alberta. The Trump administration is approving a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land. Federal officials told The Associated Press that Interior Secretary David Bernhardt would sign the approval for about 45 miles of the line's route Wednesday, Jan. 22, 2020. It pushes the controversial $8 billion project closer to construction, but it still faces court challenges. The 1,200-mile pipeline would transport up to 830,000 barrels of crude oil daily from western Canada to U.S. refineries. (Jeff McIntosh/The Canadian Press via AP, File)

Trump administration approves Keystone pipeline on US land

Jan. 22, 2020 7:27 PM EST

BILLINGS, Mont. (AP) — The Trump administration on Wednesday approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land, pushing the controversial $8 billion project closer to construction though court challenges still loom. The approval signed by Interior Secretary...

Anti-government protesters throw stones at the riot police during ongoing protests in Beirut, Lebanon, Wednesday, Jan. 22, 2020.  Lebanon's new government has held its first meeting a day after it was formed following a three-month political vacuum. (AP Photo/Bilal Hussein)

Lebanese Cabinet faces multiple challenges, growing unrest

Jan. 22, 2020 6:56 PM EST

BEIRUT (AP) — Lebanon's new government made up of appointees nominated by the Shiite group Hezbollah and its allies got down to business Wednesday, a day after it was formed. Questions arose immediately about its ability to halt spiraling violence and economic and financial collapse. As the government...

In this March 5, 2015 photo, Isabel dos Santos, reputedly Africa's richest woman, attends the opening of an art exhibition featuring works from the collection of her husband and art collector Sindika Dokolo in Porto, Portugal. On Monday, Jan. 6, 2020, Angola's foreign minister Manuel Augusto said that there is no political motivation behind the government's demand for more than $1 billion from dos Santos, her husband and a Portuguese business partner. Isabel dos Santos is a daughter of Jose Eduardo dos Santos, who ruled the oil- and diamond-rich nation for 38 years until 2017. (AP Photo/Paulo Duarte)

'Africa's richest woman' now a formal suspect in graft probe

Jan. 22, 2020 4:12 PM EST

JOHANNESBURG (AP) — Africa's reputed richest woman is a formal suspect in an investigation into mismanagement and the siphoning off of funds during her time with Angola's state-run oil company, the country's attorney general announced Wednesday. The remarks by Helder Pitta Gros to reporters in the capital,...