Latest Oil and gas industry News

Cyprus: US to lift Cyprus arms embargo in security boost

Jan. 18, 2019 3:25 PM EST

NICOSIA, Cyprus (AP) — The U.S. will soon start lifting a decades-old arms embargo on Cyprus because Washington acknowledges the Mediterranean island nation's contribution to bolstering regional stability and security, the Cypriot foreign minister said Friday. Foreign Minister Nikos Christodoulides said...

Swiss, German students protest inaction on climate change

Jan. 18, 2019 10:29 AM EST

BERLIN (AP) — Thousands of students held rallies Friday across Germany and Switzerland to protest the lack of action against climate change. The demonstrations in dozens of cities were inspired by student Greta Thunberg , who has been staging a weekly "school strike" in Sweden. Many used the Twitter...

North Dakota leaders unveil oil tax-sharing deal with tribe

Jan. 17, 2019 6:55 PM EST

BISMARCK, N.D. (AP) — North Dakota Republican legislative leaders unveiled a bill Thursday that aims to stop a longstanding disagreement over shared revenues on an oil-rich American Indian reservation in the state. The bill sponsored by GOP Sen. Jordan Kannianen and the party's Senate and House majority...

Shah of Iran modernized his nation but vacillated in crisis

Jan. 17, 2019 1:22 AM EST

DUBAI, United Arab Emirates (AP) — At the height of his power in 1971, Iran's Shah Mohammad Reza Pahlavi drew world leaders to a wind-swept luxury tent city, offering a lavish banquet of food flown in from Paris to celebrate 2,500 years of Persian monarchy in the ruins of Persepolis. Only eight years...

Less beef, more beans. Experts say world needs a new diet

Jan. 16, 2019 10:47 PM EST

NEW YORK (AP) — A hamburger a week, but no more — that's about as much red meat people should eat to do what's best for their health and the planet, according to a report seeking to overhaul the world's diet. Eggs should be limited to fewer than about four a week, the report says. Dairy foods should...

Mexico to ship gas on trains, thieves siphon whole pipelines

Jan. 16, 2019 8:39 PM EST

MEXICO CITY (AP) — Fuel thieves in Mexico have grown so bold they are drilling illegal taps under warehouses in big cities and siphoning off the entire contents of pipelines, Mexico's president said Wednesday. President Andres Manuel Lopez Obrador said that at one pipeline carrying gasoline, thieves didn't...

US lawmaker opposes drilling permit work during shutdown

Jan. 16, 2019 7:32 PM EST

ANCHORAGE, Alaska (AP) — The oil and gas industry should not be spared the pain of the partial government shutdown, according to the chairman of the U.S. House Natural Resources Committee. Rep. Raul Grijalva (gri-HAWL-vah) on Tuesday sent a letter to Acting Interior Secretary David Bernhardt objecting to...

Key moments in Iran's 1979 Islamic Revolution

Jan. 16, 2019 1:35 AM EST

Forty years ago, Iran's ruling shah left his nation for the last time and an Islamic Revolution overthrew the vestiges of his caretaker government. The effects of the 1979 revolution, including the takeover of the U.S. Embassy in Tehran and the ensuing hostage crisis, have reverberated through decades of tense...

Asian stocks mixed on poor Japanese data, growth fears

Jan. 15, 2019 11:20 PM EST

SINGAPORE (AP) — Asian markets were mixed on Wednesday as poor Japanese data and worries about global growth put a damper on trading. KEEPING SCORE: Japan's Nikkei 225 index slipped 0.6 percent to 20,430.73 while South Korea's Kospi added 0.3 percent to 2,102.45. Hong Kong's Hang Seng fell 0.3 percent to...

Zimbabwe military quells fuel price protests; several deaths

Jan. 15, 2019 1:27 PM EST

HARARE, Zimbabwe (AP) — Zimbabwe's police and military patrolled the streets of the capital, Harare, Tuesday as a helicopter fired tear gas at demonstrators blocking a road and burning tires on a second day of deadly protests after the government more than doubled the price of fuel in the economically...