Latest Oil and gas industry News

1 injured, house destroyed in Victorville explosion

Jun. 29, 2022 18:51 PM EDT

VICTORVILLE, Calif. (AP) — A pre-dawn explosion and fire leveled a home, injured one person and damaged at least two others Wednesday in Victorville, authorities said. The blast occurred shortly before 3 a.m. in the San Bernardino County desert community. Brenda Ogaz...

US agency to limit predator killing methods in Idaho

Jun. 29, 2022 17:57 PM EDT

BOISE, Idaho (AP) — A U.S. agency responsible for killing wolves and other predators to prevent attacks on livestock has agreed to settle a lawsuit by completing an extensive environmental study on its methods in Idaho. The U.S. Department of Agriculture’s Wildlife Services also...

California lawmakers to vote on $307.9 billion spending plan

Jun. 29, 2022 16:49 PM EDT

SACRAMENTO, Calif. (AP) — California lawmakers on Wednesday were taking up a $308 billion state budget that will fund a Democratic wish-list of public spending on everything from expanded healthcare for immigrants and low-income residents to giving taxpayers an inflation refund and helping more...

Biden administration holding its first onshore oil sales

Jun. 29, 2022 16:40 PM EDT

BILLINGS, Mont. (AP) — The U.S. government this week is holding its first onshore oil and natural gas drilling lease auctions since President Joe Biden took office after a federal court blocked the administration’s attempt to suspend such sales because of climate change worries. ...

Fuel, transport subsidies help keep German inflation at 7.6%

Jun. 29, 2022 10:36 AM EDT

BERLIN (AP) — Inflation in Germany eased slightly in June compared to the previous month, in part due to new subsidies that helped rein in the price of gasoline and public transport. Official figures released Wednesday show inflation hit 7.6% this month, down from 7.9% in May,...

Gas lines and scuffles: Sri Lanka faces humanitarian crisis

Jun. 29, 2022 09:55 AM EDT

COLOMBO, Sri Lanka (AP) — Chamila Nilanthi is tired of all the waiting. The 47-year-old mother of two spent three days lining up to get kerosene in the Sri Lankan town of Gampaha, northeast of the capital Colombo. Two weeks earlier, she spent three days in a queue for cooking gas -- but came home...

EU countries approve climate measures after long talks

Jun. 29, 2022 03:35 AM EDT

BRUSSELS (AP) — European Union countries reached a deal backing stricter climate rules that would eliminate carbon emissions from new cars by 2035 following hard-fought talks that dragged into the early hours of Wednesday. The 27 EU members found a common agreement on draft...

Asian shares track Wall St drop as inflation fears drag on

Jun. 29, 2022 01:06 AM EDT

BANGKOK (AP) — Shares skidded in Asia on Wednesday after another broad decline on Wall Street as markets remain gripped by uncertainty over inflation, rising interest rates and the potential for a recession. U.S. futures edged higher while oil prices fell back. A...

Alaska governor outlines finalized state budget

Jun. 28, 2022 20:27 PM EDT

JUNEAU, Alaska (AP) — Alaska Gov. Mike Dunleavy announced a finalized state budget Tuesday that he said will pay off the state's lingering oil and gas tax credits and invest in areas such as public safety, education and infrastructure. Dunleavy, a Republican who faces reelection...

Higher fuel prices spark social unrest in South America

Jun. 28, 2022 20:10 PM EDT

BUENOS AIRES, Argentina (AP) — Police in Argentina blocked a major entry point to the capital’s center on Tuesday to keep a group of truckers from joining a downtown protest, adding traffic snarls in Buenos Aires to a series of disruptions caused by anger over rising prices and shortages of...