Latest Oil and gas industry News

Iran Revolutionary Guard shoots down US drone amid tensions

Jun. 20, 2019 8:21 AM EDT

TEHRAN, Iran (AP) — Iran's Revolutionary Guard shot down a U.S. drone on Thursday amid heightened tensions between Tehran and Washington over the collapsing nuclear deal with world powers, American and Iranian officials said, though they disputed the circumstances of the incident. The Guard said it shot...

World shares rise on hopes for US-China truce, Fed outlook

Jun. 20, 2019 8:00 AM EDT

BANGKOK (AP) — Global markets advanced Thursday on hopes for a trade truce between the United States and China and the Federal Reserve's hint at lower rates. The price of oil surged amid heightened tensions between Iran and the U.S. Confirmation of a meeting between President Donald Trump and his...

Turkey launches new gas drillship amid tensions with Cyprus

Jun. 20, 2019 7:49 AM EDT

ISTANBUL (AP) — Turkey is launching a second drillship that it says will drill for gas off neighboring Cyprus despite European Union warnings to refrain from such illegal actions that could incur sanctions against Ankara. Turkish Energy Minister Fatih Donmez was due aboard the Yavuz on Wednesday as part of...

Oil shippers boost security after attacks on tankers in Gulf

Jun. 20, 2019 7:18 AM EDT

DUBAI, United Arab Emirates (AP) — A series of attacks on oil tankers near the Persian Gulf has ratcheted up tensions between the U.S. and Iran — and raised fears over the safety of one of Asia's most vital energy trade routes, where about a fifth of the world's oil passes through its narrowest at...

8,400 gallons of produced water spills in Stark County

Jun. 20, 2019 7:02 AM EDT

DICKINSON, N.D. (AP) — About 8,400 gallons of produced water has spilled in Stark County because of a pipeline leak. North Dakota's Department of Environmental Quality says the pipeline operator, Scout Energy Management, reported the spill earlier this week when it occurred west of Dickinson and contained...

Climate of guilt: Flying no longer the high road for some

Jun. 20, 2019 5:56 AM EDT

NYKOPING, Sweden (AP) — School's out for summer and Swedish lawyer Pia Bjorstrand, her husband and their two sons are shouldering backpacks, ready to board the first of many trains on a whistle-stop vacation around northern Europe. The family is part of a small but growing movement in Europe and North...

PG&E says it's fixed many major safety risks on lines, poles

Jun. 19, 2019 8:57 PM EDT

SACRAMENTO, Calif. (AP) — Pacific Gas & Electric Corp. officials said Wednesday its workers discovered more than 1,000 high-priority safety risks on its transmission lines and distribution poles over several months of inspections and almost all of them have been fixed. Some of the transmission line...

New Mexico land boss concerned with nuclear waste proposal

Jun. 19, 2019 7:44 PM EDT

ALBUQUERQUE, N.M. (AP) — State Land Commissioner Stephanie Garcia Richard says southeastern New Mexico, which is home to one of the world's most prolific oil and gas basins, is not the right place for storing spent nuclear fuel. In a letter to Holtec International, she outlined her concerns about plans to...

Editorials from around New York

Jun. 19, 2019 5:46 PM EDT

Recent editorials of statewide and national interest from New York's newspapers: The New York Post on the protesters in Hong Kong June 18 Hong Kong's protesters have won — for now. But the sword of the Chinese Communist Party still hangs above all 7 million people of the city. On Sunday, 2 million marched...

US Navy: Mine in tanker attack bears Iran hallmarks

Jun. 19, 2019 3:10 PM EDT

U.S. NAVY 5TH FLEET BASE NEAR FUJAIRAH, United Arab Emirates (AP) — The limpet mines used to attack a Japanese-owned oil tanker near the Strait of Hormuz last week bore "a striking resemblance" to similar mines seen in Iran, a U.S. Navy explosives expert said Wednesday, stopping short of directly blaming...