Latest Oil and gas industry News

FILE - In this Feb. 26, 2011 file photo, a Libyan oil worker, works at a refinery inside the Brega oil complex, in Brega, eastern Libya.  ON Saturday, Jan. 18, 2020, the National Oil Corporation in Libya says that a decision by east-based forces to choke off oil exports from its territory has threatened to throttle much of the country’s oil production. Powerful tribal groups loyal to Gen. Khalifa Hifter, whose forces control much of eastern Libya, seized several large export terminals along the eastern coast as well as southern oil fields in a challenge to the rival U.N.-backed government based in Tripoli, which collects revenues from oil production. The move has ratcheted up tensions ahead of an international peace summit to end the civil war. (AP Photo/Hussein Malla, File)

Libya's eastern-based forces move to halt oil exports

Jan. 18, 2020 3:58 PM EST

BENGHAZI, Libya (AP) — A move by Libya's east-based forces to choke off oil exports from its territory threatens to throttle much of the country’s oil production, the national oil corporation said Saturday, escalating tensions ahead of an international peace summit to end the civil war. Powerful...

Oregon Gov. Kate Brown speaks to journalists on Friday, Jan. 17, 2020, during an Associated Press forum before the start of the 2020 legislative session. Brown and the speaker of the House of Representatives, both Democrats, say passing legislation aimed at stemming global warming is their priority when lawmakers return to the Capitol next month. But the leader of the minority Republicans in the House said she opposes such moves, saying it only guarantees that prices for individual Oregonians will go up. (AP Photo/Andrew Selsky)

Democrats: Oregon climate bill is priority; GOP resists

Jan. 18, 2020 2:23 PM EST

SALEM, Ore. (AP) — Oregon Gov. Kate Brown and the speaker of the House of Representatives, both Democrats, said Friday that passing legislation aimed at stemming global warming is their priority when lawmakers return to the Capitol next month. But Rep. Christine Drazan, the leader of the minority...

Myanmar State Counselor Aung San Suu Kyi, right, greets Chinese President Xi Jinping at president house in Naypyitaw, Myanmar, Saturday, Jan. 18, 2020. (Nyein Chan Naing/Pool Photo via AP)

China's Xi ends Myanmar visit with flurry of agreements

Jan. 18, 2020 8:17 AM EST

NAYPYITAW, Myanmar (AP) — Chinese President Xi Jinping ended a two-day state visit to Myanmar on Saturday after attending the signing of a raft of agreements buttressing bilateral relations and advancing Beijing's ambitious Belt and Road Initiative, in which his host country is a key player. The two sides...

US allows Chevron to keep drilling in Venezuela for 3 months

Jan. 18, 2020 7:52 AM EST

WASHINGTON (AP) — The Trump administration has granted Chevron a special license to keep drilling oil in Venezuela despite a ban on American companies doing business with President Nicolás Maduro's socialist government. The Treasury Department late Friday renewed until April 22 the license for Chevron...

Attorney Gloria Allred, lower left, listens as one of four Park Avenue Elementary School teachers talks about her experiences when a Delta Airlines jet dumped fuel over their school Tuesday, Jan. 14, 2020, at a Los Angeles news conference Friday, Jan. 17, 2020. The four plaintiffs in a lawsuit against Delta - Lisette Barajas, Laura Guzman, Mariana De La Torre and Anabel Samperio - appeared at the news conference but declined to be identified individually when they spoke. The teachers plan to file a lawsuit after a commercial airliner with engine trouble dumped jet fuel over a densely populated area. (AP Photo/Stefanie Dazio)

California teachers sue after jetliner dumps fuel on schools

Jan. 17, 2020 11:05 PM EST

LOS ANGELES (AP) — Four teachers from a Los Angeles-area school sued Delta Air Lines on Friday, saying they were exposed to jet fuel when a plane with engine trouble dumped its fuel over a densely populated area, including several schools, while making an emergency return to the airport. At a news...

Jordanians protest gas deal with Israel

Jan. 17, 2020 12:12 PM EST

AMMAN, Jordan (AP) — Hundreds of Jordanians demonstrated in downtown Amman on Friday, calling on the government to cancel an agreement in which Israel began pumping natural gas to the kingdom this year. Jordanian security forces prevented the protesters from reaching symbolic Al-Nakheel Square in the...

In this picture released by the official website of the office of the Iranian supreme leader, worshippers chant slogans during Friday prayers ceremony, as a banner show Iranian Revolutionary Guard Gen. Qassem Soleimani, left, and Iraqi Shiite senior militia commander Abu Mahdi al-Muhandis, who were killed in Iraq in a U.S. drone attack on Jan. 3, and a banner which reads in Persian:

'Days of God': A look at Iran's mounting crises

Jan. 17, 2020 11:14 AM EST

DUBAI, United Arab Emirates (AP) — Iran's supreme leader says his nation is living through “days of God.” The Islamic Republic has been reeling from one crisis to another, from the targeted killing by the United States of its top general to the Revolutionary Guard's accidental shootdown of a...

Greek Prime Minister Kyriakos Mitsotakis, right, meets with Libyan Gen. Khalifa Hifter, second left, in Athens, Friday, Jan. 17, 2020.  The commander of anti-government forces in war-torn Libya has begun meetings in Athens in a bid to counter Turkey's support for his opponents. (AP Photo/Petros Giannakouris)

Libya's rival military commander seeks support in Greece

Jan. 17, 2020 9:29 AM EST

ATHENS, Greece (AP) — The commander of forces fighting the U.N.-supported government in Libya visited Athens Friday in a bid to counter Turkey’s support for his opponents, ahead of a weekend summit on Libya in Berlin. Gen. Khalifa Hifter’s surprise trip to Greece came two days before the...

FILE - In this Jan. 10, 2020, file photo specialist Meric Greenbaum, center, works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 16. (AP Photo/Richard Drew, File)

Global stocks inspired by US rally, hopes for Chinese growth

Jan. 17, 2020 7:54 AM EST

Global stocks rose Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China's economic slowdown may have stabilized and Washington and Beijing signed a trade deal. European indexes were broadly higher, while markets in Shanghai, Tokyo and Hong Kong closed with gains, after the U.S.'s...

Myanmar's leader Aung San Suu Kyi, right, shakes hands with Chinese President Xi Jinping  during their meeting at the Presidential Palace in Naypyitaw, Myanmar, Friday, Jan. 17, 2020. (AP Photo/Aung Shine Oo)

Chinese president heads to Myanmar for crucial state visit

Jan. 17, 2020 6:44 AM EST

NAYPYITAW, Myanmar (AP) — China's President Xi Jinping was given a lavish welcome to Myanmar as he arrived Friday for a state visit meant to deepen bilateral relations at a critical time. The visit nominally marks the 70th anniversary of the establishment of diplomatic relations between China and Myanmar,...