Latest Oil and gas industry News

White House eyes new climate change strategies in Biden bill

Oct. 26, 2021 14:27 PM EDT

WASHINGTON (AP) — The White House is zeroing in on a package of clean energy strategies for President Joe Biden's big domestic policy bill that officials believe could reach similar greenhouse gas emission reduction goals as an initial proposal that was quashed by opposition from a...

Wildlife agencies to cancel Trump endangered species rules

Oct. 26, 2021 09:36 AM EDT

BILLINGS, Mont. (AP) — President Joe Biden's administration announced Tuesday that it will cancel two environmental rollbacks under former President Donald Trump that limited habitat protections for imperiled plants and wildlife. The proposal to drop the two Trump-era...

Morrison: Australia will beat 2030 goal for lower emissions

Oct. 26, 2021 07:44 AM EDT

CANBERRA, Australia (AP) — Australia’s Prime Minister Scott Morrison said on Tuesday the country is set to reduce emissions by 35% below 2005 levels by 2030, but he won't commit to such a target at the U.N. climate conference in Scotland. Morrison said his government...

Dutch pension fund to divest from fossil fuel producers

Oct. 26, 2021 04:48 AM EDT

THE HAGUE, Netherlands (AP) — The Netherlands' biggest pension fund announced Tuesday that it will stop investing in companies that produce fossil fuels, saying the move — that has long been demanded by many members of the fund — was prompted by recent climate reports by the United...

Asian shares mostly higher, tracking Wall Street rally

Oct. 25, 2021 23:43 PM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday after another rally to a record high on Wall Street. Stocks have been pushing broadly higher as companies turn in much stronger profit reports for the summer than analysts had expected. Historically low interest...

Edwards heading to Scotland this week for climate conference

Oct. 25, 2021 18:12 PM EDT

BATON ROUGE, La. (AP) — Gov. John Bel Edwards and other Louisiana officials will travel Thursday to Scotland to attend an international climate change conference packed with world leaders. The governor's economic development and coastal policy advisors will be among...

US official: Russia should send more gas to Europe 'quickly'

Oct. 25, 2021 13:01 PM EDT

FRANKFURT, Germany (AP) — A senior energy adviser to U.S. President Joe Biden urged Russia to supply more natural gas to Europe now rather than wait for approval of a newly completed pipeline, saying Monday that “they should do it quickly” to ward off the risk of severe gas shortages...

Plan for UK coal mine brings hope to some, horror to others

Oct. 25, 2021 10:59 AM EDT

WHITEHAVEN, England (AP) — In the patchwork of hills, lakes and sea that make up England’s northwest corner, most people see beauty. Dave Cradduck sees broken dreams. The coal mine where the 74-year-old once worked has long closed. The chemical factory that employed...

Average US price of gas spikes 13 cents per gallon to $3.44

Oct. 24, 2021 12:52 PM EDT

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline spiked 13 cents over the past two weeks, to $3.44 per gallon. The price at the pump is $1.22 higher than a year ago. Industry analyst Trilby Lundberg of the Lundberg Survey...

Saudi Arabia pledges 2060 target of net-zero emissions

Oct. 23, 2021 10:26 AM EDT

DUBAI, United Arab Emirates (AP) — One of the world's largest oil producers, Saudi Arabia, announced Saturday it aims to reach “net zero” greenhouse gas emissions by 2060, joining more than 100 countries in a global effort to try and curb man-made climate change. ...