Latest Oil and gas industry News

Belarus leader dismisses democracy even as vote takes place

Nov. 17, 2019 5:53 AM EST

MINSK, Belarus (AP) — Belarus’ authoritarian president has disdainfully brushed off concerns that Sunday’s parliament election, from which many opposition figures have been excluded, would be regarded as neither free nor fair. After casting his ballot in a polling station in the capital of...

Saudi Aramco to sell 1.5% stake, valuing company up to $1.7T

Nov. 17, 2019 3:28 AM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale. The newly released figures also revealed a valuation for the company that’s between $1.6...

At least 7 die, 25 hurt in Bangladesh gas pipeline explosion

Nov. 17, 2019 1:08 AM EST

DHAKA, Bangladesh (AP) — At least seven people were killed and another 25 injured after a gas pipeline exploded in southeastern Bangladesh on Sunday, police said. The explosion at Patharghata area in Chittagong district collapsed portions of a boundary wall of a nearby building, local police chief Mohammed...

The Latest: Rispone: Disappointed at loss, but thankful too

Nov. 17, 2019 12:01 AM EST

BATON ROUGE, La. (AP) — The Latest on Louisiana election (all times local): 10:50 p.m. Republican Eddie Rispone says he’s disappointed at losing the Louisiana governor’s race but he’s thankful for his family and supporters and vowed to continue to work to improve the state. Rispone...

Protests grip major Iran cities over gas prices; 1 killed

Nov. 16, 2019 8:27 PM EST

DUBAI, United Arab Emirates (AP) — Protesters angered by Iran raising government-set gasoline prices by 50% blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. The...

Oil spill at Puget Sound refinery contained

Nov. 16, 2019 4:41 PM EST

SEATTLE (AP) — Washington state officials are monitoring an oil spill at a refinery. The Seattle Times reports crews scrambled to contain the spill that happened late Friday at the Shell Puget Sound Refinery in Anacortes. It wasn’t clear Saturday how much spilled when a barge was transferring about...

Motorists seeing slightly lower gas prices in New Jersey

Nov. 16, 2019 10:18 AM EST

TRENTON, N.J. (AP) — Motorists are seeing slightly lower prices at the pumps in New Jersey. AAA Mid-Atlantic says the average price of a gallon of regular gas in the state on Friday was $2.58, which is down a penny from last week. Drivers were paying $2.65 a gallon a year ago at this time. The national...

Final environmental analysis of Jordan Cove project issued

Nov. 15, 2019 5:59 PM EST

COOS BAY, Ore. (AP) — The proposed Jordan Cove liquefied natural gas terminal and its 230-mile (370-kilometer) feeder pipeline in southern Oregon would have some adverse and significant impacts, according to staff at the Federal Energy Regulatory Commission. The agency’s staff issued their final...

Report: No charges in fatal explosion at retirement facility

Nov. 15, 2019 5:42 PM EST

DENVER (AP) — Colorado authorities say no charges will be filed against a cable company and contractors for striking a gas line at a senior community shortly before a fatal explosion at the facility. The Denver Post reported the decision on Friday after reviewing investigation documents it obtained through...

Stocks end week of milestones at new highs; Dow tops 28,000

Nov. 15, 2019 5:41 PM EST

Wall Street closed out the week with more milestones Friday as the Dow Jones Industrial Average crossed 28,000 for the first time and the S&P 500 and Nasdaq hit record highs. Health care and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly...