Latest Oil and gas industry News

Montana, North Dakota push against Washington state rail law

Jul. 17, 2019 6:45 PM EDT

BILLINGS, Mont. (AP) — Attorneys general for North Dakota and Montana asked the Trump administration on Wednesday to overrule a Washington state law that imposed new restrictions on oil trains from the Northern Plains to guard against explosive derailments. In a legal petition to the U.S. Department of...

Top diplomat: Iran must build missiles for defense

Jul. 17, 2019 2:05 PM EDT

TEHRAN, Iran (AP) — Iran's foreign minister said Wednesday that his country has no choice but to manufacture missiles for defense purposes — comments that come after a remark by the top diplomat that seemed to suggest the missiles could be up for negotiations. Mohammad Javad Zarif said in an...

US fears Iran seized UAE-based tanker in Strait of Hormuz

Jul. 16, 2019 11:03 PM EDT

DUBAI, United Arab Emirates (AP) — A small oil tanker from the United Arab Emirates traveling through the Strait of Hormuz entered Iranian waters and turned off its tracker three days ago, leading the U.S. to suspect Iran seized the vessel amid heightened tensions in the region. Iranian state media quoted...

The Latest: Iran says it helped a tanker with tow to harbor

Jul. 16, 2019 10:38 PM EDT

DUBAI, United Arab Emirates (AP) — The Latest on tensions in the Persian Gulf amid a crisis between the United States and Iran (all times local): 5:30 a.m. Iran's state-run media is quoting the country's Foreign Ministry spokesman as saying the Islamic Republic helped an oil tanker in the Strait of Hormuz...

Feds: Moving land agency will save money, improve decisions

Jul. 16, 2019 7:57 PM EDT

DENVER (AP) — The Trump administration said Tuesday that it can save taxpayers millions of dollars, make better decisions and trim a "top heavy" office in Washington by moving the headquarters of the nation's biggest land agency to Colorado and dispersing scores of jobs across 11 states in the U.S. West....

Will Trump let Chevron stay in Venezuela?

Jul. 16, 2019 7:16 PM EDT

WASHINGTON (AP) — Chevron was nearly booted from Venezuela in 2007 during a nationalization drive led by the late socialist President Hugo Chavez. Twelve years later, it faces a similar threat from an unlikely corner: the White House. The Trump administration is facing a July 27 deadline to renew a license...

Deadly California house explosion damaged neighboring homes

Jul. 16, 2019 5:23 PM EDT

MURRIETA, Calif. (AP) — A natural gas explosion and fire that killed a Southern California Gas Co. worker and injured 15 other people also badly damaged at least six other homes, officials said Tuesday. Four homes were red-tagged, meaning they can't be occupied, said Deputy Chief David Lantzer of Murrieta...

Will Trump let Chevron stay in Venezuela?

Jul. 16, 2019 12:48 PM EDT

WASHINGTON (AP) — Chevron was nearly booted from Venezuela in 2007 during a nationalization drive led by the late socialist President Hugo Chavez. Twelve years later, it faces a similar threat from an unlikely corner: the White House. The Trump administration is facing a July 27 deadline to renew a license...

US retail sales rise 0.4% in June in sign of consumer health

Jul. 16, 2019 10:19 AM EDT

WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, providing crucial support to the economy at a time when other drivers of growth have faded. The Commerce Department said Tuesday that retail sales rose 0.4% in June, the fourth straight increase. Sales at online retailers, grocery stores,...

US defense official tells AP that America 'has suspicions' that Iran seized UAE-based oil tanker that turned off tracker

Jul. 16, 2019 10:14 AM EDT
DUBAI, United Arab Emirates (AP) — US defense official tells AP that America 'has suspicions' that Iran seized UAE-based oil tanker that turned off tracker.